Första AP-fonden’s 2015 annual report

Four percent return and continued focus on long-term investments Stockholm, 19 February 2016 – Första AP-fonden’s net investment income after expenses for 2015 amounted to SEK 11.3 billion. The return was 4,0 percent after expenses, which is in line with the Fund’s target. The average annual return of the Fund after expenses for the past 10-year period is 5.5 percent. Real return (i.e. adjusted for inflation) after expenses for the same 10-year period is 4.4 percent – above the Fund’s long-term target. Highlights of the year (see also next page) · Net investment income after