Sjunde AP-fonden (Seventh AP Fund, or AP7), is the state alternative to the private investment funds offered within the Swedish premium pension system. 2.5% of the pensionable income of all Swedes goes to the premium pension, as opposed to the 16% of income pension (AP1-6). AP7 has been one of the best performing funds globally in the past 10 years, thanks to a strong focus on liquid markets and higher risk appetite (15% leverage).