Interim Report 2026 – AP3 reports a 7.6 per cent return
25.8.2026 10:00:00 CEST | AP3 Tredje AP-fonden | Press Release
AP3 concluded the first half of the year with a solid net return of 7.6 per cent, corresponding to earnings of nearly SEK 63 billion for the benefit of the income pension system. As a result, the Fund's assets under management increased to SEK 891 billion.
Staffan Hansén, CEO, comments: “AP3 has navigated financial markets successfully during the period, once again demonstrating the value of an active and disciplined investment strategy. The consolidation of the buffer funds at the turn of the year proceeded smoothly, and the assets transferred from AP1 have been successfully integrated into the Fund’s investment structure.”
Summary of AP3’s Earnings as of 30 June 2026
|
|
June 30, 2026 |
June 30, 2025 |
Dec 31, 2025 |
|
Assets Under Management, SEK bn |
891.0 |
550.6 |
577.1 |
|
Assets Transferred from Första AP-fonden (AP1), SEK bn |
255.8 |
- |
- |
|
Earnings, SEK bn |
62.7 |
4.0 |
32.6 |
|
Net flow to pension system, SEK bn |
-4.5 |
-2.4 |
-4.6 |
|
Fund capital, 1 January, SEK bn |
577.1 |
549.1 |
549.1 |
|
Return after expenses, % |
7.6 |
0.7 |
6.0 |
|
Real return after expenses, % |
6.6 |
0.2 |
5.7 |
|
Asset management costs. Operating expenses as a percentage of assets under management * |
0.05 |
0.06 |
0.07 |
|
Asset management costs. Commission expenses as a percentage of assets under management * |
0.01 |
0.01 |
0.01 |
|
Total asset management costs as a percentage of assets under management* |
0.05 |
0.07 |
0.08 |
|
Annualised return after expenses, 5 years, % ** |
6.7 |
8.5 |
7.5 |
|
Annualised return after expenses, 10 years, % ** |
8.9 |
7.8 |
8.3 |
|
Real annualised return after expenses, 10 years, % ** |
5.8 |
4.7 |
4.6 |
*The interim report measures the asset management cost ratio on a full-year basis.
** The interim report also shows annualised returns for 10 and 5 years, respectively.
Contacts
Isabella Croon StegersjöChief Communications Officer
press@ap3.seLinks
About AP3
Tredje AP-fonden (AP3) is one of four buffer funds within Sweden’s income pension system. AP3 is mandated by the Swedish Parliament to manage the Fund’s assets for the greatest possible benefit of current and future pensioners. As of 30 June 2026, the Fund managed SEK 891 billion in assets and delivered a return of 7.6 per cent after expenses.
Read more: www.ap3.se
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