Five-year summary

Five-year summary	2020	2019	2018	2017	2016
Income and inflows, SEK bn
Net flows to/from pension system	-7.9	-6.5	-6.8	-7.4	-6.6
Profit for the period	37.2	59.5	2.2	28.2	28.0
Fund capital at end of period 1)	423.0	393.7	340.7	345.2	324.4
Return and expenses total portfolio, %
Return before expenses	9.8	17.7	0.7	8.9	9.5
Operating expenses	0.06	0.06	0.06	0.06	0.06
Commission expenses	0.03	0.03	0.03	0.05	0.06
Return after expenses	9.7	17.6	0.6	8.8	9.4
Inflation	0.5	1.8	2.0	1.7	1.7
Real return after expenses	9.1	15.6	-1.4	6.9	7.6
SEK bn
Return	37.4	59.8	2.4	28.4	28.2
Operating expenses	0.2	0.2	0.2	0.2	0.2
Return after expenses	37.2	59.5	2.2	28.2	28.0
Annual return after expenses %
Five years	9.1	8.5	7.8	10.5	10.9
Ten years	8.7	8.7	8.5	6.1	5.7
Risk
Risk (1-yr standard deviation), % 2)	10.8	4.2	5.4	3.5	6.2
Sharpe ratio 2)	0.9	4.3	0.3	2.8	1.6
Risk (10-yr standard deviation), %	7.0	6.0	6.3	7.6	8.0
Currency exposure
% of total portfolio 3)	17.5	19.5	17.7	15.0	17.5
External management
% of total portfolio	29	31	26	25	29
Asset management expenses % of assets under management
Operating expenses	0.06	0.06	0.06	0.06	0.06
Operating and commission expenses	0.09	0.09	0.09	0.11	0.12
No. of employees	57	58	59	57	57

¹⁾ Fund capital on 1 January 2001 was SEK 134.0 billion.

²⁾ As of 2010, figures relate to the total portfolio. Prior to 2010, risk was shown for the listed portfolio only.

³⁾ Excluding exposure to SEK-listed companies with a foreign domicile.