Five year overview

Key ratios, as per closing date 2016 2015 2014 2013 2012
Fund capital, flows and net profit, SEK bn          
Fund capital  333.9 310.0 294.9 259.7 229.6
Net flows, pension system  -6.6 -4.9 -5.1 -6.9 -3.8
Profit for the period  30.5 20.1 40.2 37.0 23.4
Return, %          
Return, total portfolio before costs  10.1 6.9 15.8 16.5 11.3
Return, total portfolio after costs  10.0 6.8 15.7 16.4 11.2
Return, total portfolio after costs, annualized 5 yrs.  12.0 9.7 10.5 11.6 3.3
Return, total portfolio after costs, annualized 10 yrs.  6.7 6.7 7.6 7.2 7.2
Operating cost ratio % of AuM, annualized          
Operating costs  0.06 0.06 0.07 0.08 0.08
Operating costs and commission fees  0.10 0.11 0.11 0.11 0.10
Risk, %          
Total portfolio ex-post  7.3 8.8 6.0 5.6 5.6
Liquidity portfolio ex-post¹  7.8 9.4 6.4 6.0 6.0
Liquidity portfolio ex-post, 10 yrs²  9.1 9.3 8.9 8.6 -
Sharpe ratio Total portfolio ex-post  1.5 0.8 2.5 2.8 1.8
Sharpe ratio Liquidity portfolio ex-post¹  1.2 0.6 2.3 2.5 1.7
Other key ratios, as per closing date 2016 2015 2014 2013 2012
Active return, Strategic management before costs¹  1.0 4.8 0.7 1.2 -0.4
Active return, Tactical management before costs²  0.0 0.1 0.7 0.5 1.0
Inflation  1.7 0.1 -0.3 0.1 -0.1
Real total return after costs  8.3 6.8 16.0 16.2 11.2
Active risk ex-post, Tactical management  0.3 0.5 0.2 0.2 0.4
Currency exposure, %  26.9 27.0 28.1 28.6 27.7
Proportion active management incl. Semi-active, %  69.3 69.9 62.9 58.2 50.2
Proportion external management incl. Investments in venture capital funds, %  22.7 29.0 30.9 28.4 21.7
Number of employees at closing date  54 55 54 55 49
Allocation of investment assets, %³          
Equities  58.3 56.9 59.0 59.5 55.5
    Global equities  39.4 38.4 40.5 40.1 37.2
    Swedish equities  18.9 18.5 18.5 19.3 18.3
Fixed income  32.1 33.8 33.0 32.0 36.1
Real estate  7.3 6.6 5.5 5.7 5.2
Alternative assets⁴  2.3 2.6 2.7 2.7 3.1
Other  -0.1 0,0 -0.2 0.1 0.1
Total investment assets, %  100 100 100 100 100