Operating goals and government evaluation

Första AP-fonden’s operating goals are established by the Fund’s Board of Directors.

The goal for Första AP-fonden's asset management is to achieve an annual real return of 4.0 percent after expenses on the total portfolio measured over rolling ten-year periods.

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.

The Swedish Ministry of Finance decides which aspects of the AP funds’ operations will be examined and which independent firms will assist the Government with its evaluation. These firms study the funds’ data and internal decision-making documents as a basis for their analysis.

With the support of this analysis, the Government makes its own assessment of the funds’ performance. The Government’s evaluation is published in a report that is presented to the Swedish Parliament.