Five-year summary
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 |
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The Fund’s capital is invested to obtain high returns over time. Our mission includes promoting sustainable development through responsible ownership and investment.
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.
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.