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Sjunde AP-fonden (AP7), locally known as The Seventh Swedish National Pension Fund, is the State-owned pension fund management firm which was founded by the Swedish parliament in 2000. Headquartered in Stockholm, AP7 is responsible for managing premium pension funds for the Swedish people. They are the only state actor in the premium pension system that provides the fund portfolio AP7 Såfa. AP7 Såfa is the state alternative to the private investment funds offered within the Swedish premium pension system. The firm is responsible to the management of these funds and provides a return that is at least as good as the average of the private investment funds in the system.