To provide an apparatus for evaluating the result of operation of funds capable of creating evaluation data about the contents of assets put to passive operations by trustees such as stocks.

The apparatus includes an asset return calculating part 2 for determining the return of assets for calculating the degree of influence as to a predetermined cause of divergence by use of a predetermined return computation formula and using input data showing the contents of individual stocks to which the assets are invested and the contents of assets operated by investing the assets; and an evaluation data creating part 3 for creating evaluation data by calculating the degree of influence of the predetermined cause of divergence based on the return of the assets.