Skip to content

Five-year summary

Medarbetare på AP3 som jobbar går i kontorslandskap

Five year review

2024

2023

2022

2021

2020

2019

Income and inflows, SEK bn







Net flows to/from pension system

-2.0

-4.8

-4.7

-7.5

-7.9

-6.5

Profit for the period

51.3

36.2

-29.2

86.8

37.2

59.5

Fund capital as per December 31

549.1

499.8

468.4

502.3

423.0

393.7








Return and expenses total portfolio, %







Return before expenses

10.4

7.8

-5.7

20.8

9.8

17.7

Operating expenses

0.06

0.06

0.05

0.05

0.06

0.06

Commission expenses

0.01

0.02

0.02

0.03

0.03

0.03

Return after expenses

10.3

7.8

-5.8

20.7

9.7

17.6

Inflation

0.8

4.4

12.3

3.9

0.5

1.8

Real return after expenses

9.4

3.2

-16.1

16.2

9.1

15.6








SEK bn







Return

51.6

36.5

-28.9

87.1

37.4

59.8

Operating expenses

0.3

0.3

0.3

0.2

0.2

0.2

Return after expenses

51.3

36.2

-29.2

86.8

37.2

59.5








Annual return after expenses %







Five years

8.2

9.59

8.1

11.3

9.1

8.5

Ten years

8.4

8.68

9.3

11.1

8.7

8.7








Risk







Risk (1-yr standard deviation), %

6.0

5.0

8.4

5.2

10.8

4.2

Sharpe ratio

1.1

0.8

neg

4.0

0.9

4.3

Risk (10-yr standard deviation), %

7.0

7.0

6.9

6.3

7.0

6.0








Currency exposure







% of total portfolio 1)

23.1

17.9

19.0

21.1

17.5

19.5








External management







% of total portfolio

18

22.2

22

31

29

31








Asset management expenses % of assets under management







Operating expenses

0.06

0.06

0.05

0.05

0.06

0.06

Operating and commission expenses

0.07

0.07

0.08

0.08

0.09

0.09








No. of employees

72 2)

70 2)

66

61

57

58

(1) Excluding exposure through SEK-listed companies with foreign domicile.

(2) Employees with The Council of Ethics included, for further information see note 6.

Read more

  • En tv-skärm på väggen visar finansnyheter

    AP3’s securities

    AP3’s securities. Here, you can download AP3’s various securities holdings. For us, it is important to create long-term value when selecting investments and in the management of companies in the portfolio.
    Read more
  • Mönster årsringar brun

    AP3’s portfolio

    AP3’s core mission is to create value in the Swedish pension system. By assuming responsibility and influencing the companies that we invest in, we make sure to generate the best possible returns for current and future pensioners.
    Read more
  • Market value per asset category

    Market value per asset class
    Read more