AP4’s management costs amount to a low 0.09% of managed assets, which is roughly half the cost level for comparable pension funds in an international comparison. AP4 will continue to develop its operations with strong focus on cost-efficiency.
AP4 participated on 40 nomination committees ahead of Annual General Meetings in 2021. During first half year 2021 AP4 voted at the AGMs of 125 Swedish companies and 873 international companies.
|Key ratios for AP4's operations||30 June, 2021||30 June, 2020||2020|
|Fund capital at start of period, SEK bn||449.4||418.0||418.0|
|Net result for the period, SEK bn||445.5||-10.6||39.3|
|Net flow national pension system, SEK bn||-4.2||-4.2||-7.9|
|Fund capital at end of period, SEK bn||489.8||403.2||449.4|
|Asset management costs, operating expenses, %||0.06||0.06||0.06|
|Asset management costs, commission expenses, %||0.03||0.03||0.03|
|Total asset management costs, %||0.09||0.09||0.09|
|Return total portfolio, before costs %||10.0||-2.5||9.7|
|Return total portfolio, after costs, %||9.9||-2.5||9.6|
|Real return total portfolio, net of asset management costs, %
|Annualized total return after asset management costs, average 5 years, %||11.5||7.4||9.8|
|Annualized total return after asset management costs, average 10 years, %||10.6||9.5||9.7|