Five-year summary

⁽¹⁾ Ingående fondkapital vid fondens start 2001 var 134,0 mdkr.
⁽²⁾ Visas fr o m 2010 för totalportföljen som en följd av den dynamiska allokeringen. T o m 2009 visades risk för den marknadsnoterade portföljen.
⁽³⁾ Exklusive exponering genom SEK-noterade bolag med utländsk hemvist
* Inklusive anställda vid AP-fondernas etikråd
Five year review	30/06/2024	2023	2022	2021	2020	2019
Income and inflows, SEK bn
Net flows to/from pension system	-0.9	-4.8	-4.7	-7.5	-7.9	-6.5
Profit for the period	35.4	36.2	-29.2	86.8	37.2	59.5
Fund capital at end of period 1)	534.3	499.8	468.4	502.3	423.0	393.7

Return and expenses total portfolio, %
Return before expenses	7.13	7.8	-5.7	20.8	9.8	17.7
Operating expenses	0.06	0.06	0.05	0.05	0.06	0.06
Commission expenses	0.01	0.02	0.02	0.03	0.03	0.03
Return after expenses	7.09	7.8	-5.8	20.7	9.7	17.6
Inflation	0.61	4.39	12.3	3.9	0.5	1.8
Real return after expenses	6.4	3.24	-16.1	16.2	9.1	15.6

SEK bn
Return	35.6	36.5	-28.9	87.1	37.4	59.8
Operating expenses	0.2	0.3	0.3	0.2	0.2	0.2
Return after expenses	35.4	36.2	-29.2	86.8	37.2	59.5

Annual return after expenses %
Five years	8.8	9.59	8.1	11.3	9.1	8.5
Ten years	8.7	8.68	9.3	11.1	8.7	8.7

Risk
Risk (1-yr standard deviation), % 2)	6.1	5.0	8.4	5.2	10.8	4.2
Sharpe ratio 2)	1.9	0.8	neg	4.0	0.9	4.3
Risk (10-yr standard deviation), %	7.0	7.0	6.9	6.3	7.0	6.0

Currency exposure
% of total portfolio 3)	21.4	17.9	19.0	21.1	17.5	19.5

External management
% of total portfolio	18.4	22.2	22	31	29	31

Asset management expenses % of assets under management
Operating expenses	0.06	0.06	0.05	0.05	0.06	0.06
Operating and commission expenses	0.07	0.07	0.08	0.08	0.09	0.09

No. of employees	69*	70*	66	61	57	58

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