Operating goals and government evaluation
Första AP-fonden’s operating goals are established by the Board of Directors and include target for total return
Total return
The goal for Första AP-fonden's asset management is to achieve a total annual return after expenses of 5.5 percent on the total portfolio measured over rolling five-year period.
Goal attainment:
Over the past five years, 2006-2010, the Fund has generated an average annualized return of 3.5 percent after operating expenses, which is just below the Fund's estimated required return in the buffer funds to ensure the long-term stability of the Swedish pension system.
Read more in our Annual Report 2010
Total return
Government evaluation
Every year, the performance of the AP Funds is evaluated by the Swedish government and the results are presented in a communication to the Swedish Parliament. For more information, see page Government evaluation