About this annual report

The Fourth Swedish National Pension Fund's (AP4) annual report describes AP4's management during 2016. The report is supplemented by AP4's Sustainability and Corporate Governance reportand the AP Funds Ethical Council Annual Report.Together, the reports describe the work AP4 is engaged in. All reports are available at www.ap4.se. The figures in this report's tabels and charts are displayed separately, so the total does not always correspond with the parts. Figures in parentheses refer to the previous year.

Global Reporting Initiatives (GRI) publishes international guidelines for sustainability reporting that are used by companies and organisations all over the world. AP4 reports as far as possible in accordance with GRI's guidelines Version G4 level "Core" and the sector-specific addition for Financial Services. AP4's GRI report has not been audited by a third party and is presented on www.ap4.se.

We hope readers find the report interesting.