Five-year summary
Five year review | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Income and inflows, SEK bn | |||||
Net flows to/from pension system | -4.8 | -4.7 | -7.5 | -7.9 | -6.5 |
Profit for the period | 36.2 | -29.2 | 86.8 | 37.2 | 59.5 |
Fund capital at end of period 1) | 499.8 | 468.4 | 502.3 | 423.0 | 393.7 |
Return and expenses total portfolio, % | |||||
Return before expenses | 7.8 | -5.7 | 20.8 | 9.8 | 17.7 |
Operating expenses | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 |
Commission expenses | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
Return after expenses | 7.8 | -5.8 | 20.7 | 9.7 | 17.6 |
Inflation | 4.39 | 12.3 | 3.9 | 0.5 | 1.8 |
Real return after expenses | 3.24 | -16.1 | 16.2 | 9.1 | 15.6 |
SEK bn | |||||
Return | 36.5 | -28.9 | 87.1 | 37.4 | 59.8 |
Operating expenses | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 |
Return after expenses | 36.2 | -29.2 | 86.8 | 37.2 | 59.5 |
Annual return after expenses % | |||||
Five years | 9.59 | 8.1 | 11.3 | 9.1 | 8.5 |
Ten years | 8.68 | 9.3 | 11.1 | 8.7 | 8.7 |
Risk | |||||
Risk (1-yr standard deviation), % 2) | 5.0 | 8.4 | 5.2 | 10.8 | 4.2 |
Sharpe ratio 2) | 0.8 | neg | 4.0 | 0.9 | 4.3 |
Risk (10-yr standard deviation), % | 7.0 | 6.9 | 6.3 | 7.0 | 6.0 |
Currency exposure | |||||
% of total portfolio 3) | 17.9 | 19.0 | 21.1 | 17.5 | 19.5 |
External management | 22.2 | ||||
% of total portfolio | 22 | 31 | 29 | 31 | |
Asset management expenses % of assets under management | |||||
Operating expenses | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 |
Operating and commission expenses | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 |
No. of employees | 70* | 66 | 61 | 57 | 58 |
1) Opening fund capital at the start of the Fund in 2001 was SEK 134.0 billion.
2) Shown from 2010 for the total portfolio as a result of the dynamic allocation. Up to and including 2009, risk was shown for the listed portfolio.
3) Excluding exposure through SEK-listed companies with foreign domicile
*) Including employees of the Council on Ethics of the AP Funds