Since the inception of the Sixth AP Fund in the end of 1996, its capital has grown by SEK 10.4 billion, from SEK 10.4 billion to SEK 19.9 billion, which corresponds to a growth in value of around 91 percent and an average annual growth of 4.7 percent. Adjusted for the consumer price index (CPI), which during the same period averaged 1.3 per cent, the Sixth AP Fund’s real return has averaged 3.4 per cent per year. During the eight–year period 2003–2010, annual growth amounted to 7.0 per cent and the CPI averaged 1.5 per cent. The Sixth AP Fund’s real return thus averaged 5.5 per per year during 2003–2010.