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Returns

The fund seeks to achieve the highest possible long-term return with an acceptable risk.

Return in international currency

The fund invests in international securities. Returns are generally measured in international currency – a weighted combination of the currencies in the fund’s benchmark indices for equities and bonds. This is known as the fund’s currency basket and consisted of 34 currencies at the end of the third quarter of 2016. Unless otherwise stated in the text, results are measured in the fund’s currency basket.

The fund generated an annual return of 5.7 percent between 1 January 1998 and the end of the third quarter of 2016. After management costs and inflation, the annual return was 3.8 percent.

The fund’s annual return and accumulated annualised return

Percent

The fund’s annual relative return and accumulated annualised relative return

Excluding real estate investments. Percentage points

  

Annual return on the fund. Percent

 
  Total Equity Fixed income Real estate
1 9 months; from 31 March 2011
2015 2.74 3.83 0.33 9.99
2014 7.58 7.90 6.88 10.42
2013 15.95 26.28 0.10 11.79
2012 13.42 18.06 6.68 5.77
2011 -2.54 -8.84 7.03 -4.371
2010 9.62 13.34 4.11  
2009 25.62 34.27 12.49  
2008 -23.31 -40.71 -0.54  
2007 4.26 6.82 2.96  
2006 7.92 17.04 1.93  
2005 11.09 22.49 3.82  
2004 8.94 13.00 6.10  
2003 12.59 22.84 5.26  
2002 -4.74 -24.39 9.90  
2001 -2.47 -14.60 5.04  
2000 2.49 -5.82 8.41  
1999 12.44 34.81 -0.99  
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Annual relative return on the fund's equity and fixed-income investments. Percentage points

Year Total Equity Fixed income
2015 0.45 0.83 -0.24
2014 -0.77 -0.82 -0.70
2013 0.99 1.28 0.25
2012 0.21 0.52 -0.29
2011 -0.13 -0.48 0.52
2010 1.06 0.73 1.53
2009 4.13 1.86 7.36
2008 -3.37 -1.15 -6.60
2007 -0.24 1.15 -1.29
2006 0.14 -0.09 0.25
2005 1.06 2.16 0.36
2004 0.54 0.79 0.37
2003 0.55 0.51 0.48
2002 0.30 0.07 0.49
2001 0.15 0.06 0.08
2000 0.27 0.49 0.07
1999 1.23 3.49 0.01
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