AP7 Fixed Income Fund

AP7 Fixed Income Fund, whose function is to stabilize the risk in AP7 Såfa, consists of bonds issued in Swedish kronor. These bonds typically have an average interest rate fixation period, known as duration, of three years.

All fixed income management within the AP7 Fixed Income Fund is handled by AP7’s in-house investment managers.

Investment Strategy

The fund’s strategy is to invest its assets in Swedish interest-bearing financial instruments with low credit risk. To enable broader diversification within the segment of green bonds, investments in such instruments may also be made in currencies other than Swedish kronor. Holdings in currencies other than SEK must be currency-hedged within the limits set by the fund’s regulations.

A sustainable development approach shall be promoted, and sustainability aspects shall be integrated into the fund management in accordance with AP7’s Climate Action Plan. This is primarily achieved through investments in green bonds.

The management of the AP7 Fixed Income Fund is guided by a reference portfolio, which consists of 100% fixed-income investments with an average duration of approximately three years, including deposits.

A maximum of 30% of the assets in the AP7 Fixed Income Fund may be placed in deposits.

Facts

Start

2010-05-21

Total assets (2025-03-31)

SEK 170,6 billion

Index

HMT74 SEK

Management fee per year

0,04%

Deposit

None

Withdrawal fee

None

Performance-based fee

None

Yearly fee

0,04%

Normanbelopp

SEK 276

Morningstar Category™

Interest-SEK bonds, long

Risk profile

Fondnumber: 545541

ISIN-CODE: SE0003299981

Fondbestämmelser AP7 Räntefond - publicerad 3 juli 2023

ISIN-KOD: SE0003299981

Issuers

*In the Corporate Bonds sector, state-owned companies are also included.
Holdings as of 2025-12-31 (Updated semi-annually with a one-month delay).

Regional distribution according to our portfolio.

Map showing AP7s regional portfolio distribution in seven continents

Sweden 72%

Other countries 28%

*In the Corporate Bonds sector, state-owned companies are also included.
Holdings as of 2025-12-31 (Updated semi-annually with a one-month delay).

Securities

Search securities:

Securities	Share	Market value	Position
SHBASS 1 03/01/27 #1592	2,84%	4649010944	4670000000
Market value 4649010944 Position 4670000000 Currency SEK Exchange rate 1 Price/interest 98.719920314 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 1 03/01/27 #1592	4649010944	2,84%	4670000000
DNBNO 2.474 09/03/29	2,75%	4503917250	4500000000
Market value 4503917250 Position 4500000000 Currency SEK Exchange rate 1 Price/interest 99.283317664 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DNBNO 2.474 09/03/29	4503917250	2,75%	4500000000
SHBASS 2 1/2 02/01/30 #1596	2,7%	4414672417	4350000000
Market value 4414672417 Position 4350000000 Currency SEK Exchange rate 1 Price/interest 99.202072095 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 2 1/2 02/01/30 #1596	4414672417	2,7%	4350000000
KUNTA 2.4825 11/19/29	2,43%	3978869167	4000000000
Market value 3978869167 Position 4000000000 Currency SEK Exchange rate 1 Price/interest 99.188653038 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KUNTA 2.4825 11/19/29	3978869167	2,43%	4000000000
SBAB 2.483 12/03/29	2,43%	3973209000	4000000000
Market value 3973209000 Position 4000000000 Currency SEK Exchange rate 1 Price/interest 99.143696953 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 2.483 12/03/29	3973209000	2,43%	4000000000
LFBANK 3 09/19/29 #522	2,27%	3707721747	3634000000
Market value 3707721747 Position 3634000000 Currency SEK Exchange rate 1 Price/interest 101.187237148 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 3 09/19/29 #522	3707721747	2,27%	3634000000
SWEDA 3 03/28/29 #199	2,24%	3665835200	3540000000
Market value 3665835200 Position 3540000000 Currency SEK Exchange rate 1 Price/interest 101.288466203 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 3 03/28/29 #199	3665835200	2,24%	3540000000
EBRD 2 3/4 12/20/27	2,16%	3530708611	3500000000
Market value 3530708611 Position 3500000000 Currency SEK Exchange rate 1 Price/interest 100.801359515 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EBRD 2 3/4 12/20/27	3530708611	2,16%	3500000000
NDAFH 3 1/2 09/20/28 #5538	2,1%	3429001856	3310000000
Market value 3429001856 Position 3310000000 Currency SEK Exchange rate 1 Price/interest 102.623486304 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 3 1/2 09/20/28 #5538	3429001856	2,1%	3310000000
SWEDA 3 03/15/28 #198	2,08%	3405756600	3285000000
Market value 3405756600 Position 3285000000 Currency SEK Exchange rate 1 Price/interest 101.300692708 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 3 03/15/28 #198	3405756600	2,08%	3285000000
NDAFH 0 1/2 09/16/26 #5536	1,99%	3258058611	3287500000
Market value 3258058611 Position 3287500000 Currency SEK Exchange rate 1 Price/interest 98.959720322 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 0 1/2 09/16/26 #5536	3258058611	1,99%	3287500000
SWEDA 2.493 11/05/29	1,83%	2987876250	3000000000
Market value 2987876250 Position 3000000000 Currency SEK Exchange rate 1 Price/interest 99.215286149 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 2.493 11/05/29	2987876250	1,83%	3000000000
SEB 0 1/2 12/16/26 #581	1,83%	2987534036	3032000000
Market value 2987534036 Position 3032000000 Currency SEK Exchange rate 1 Price/interest 98.513631813 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEB 0 1/2 12/16/26 #581	2987534036	1,83%	3032000000
SHBASS 2 09/01/28 #1594	1,8%	2943930489	2960000000
Market value 2943930489 Position 2960000000 Currency SEK Exchange rate 1 Price/interest 98.795604788 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 2 09/01/28 #1594	2943930489	1,8%	2960000000
SHBASS 4 05/02/29 #1595	1,73%	2835145929	2648000000
Market value 2835145929 Position 2648000000 Currency SEK Exchange rate 1 Price/interest 104.422782916 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 4 05/02/29 #1595	2835145929	1,73%	2648000000
SHBASS 2 1/2 12/01/27 #1593	1,65%	2698181958	2684000000
Market value 2698181958 Position 2684000000 Currency SEK Exchange rate 1 Price/interest 100.327485677 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 2 1/2 12/01/27 #1593	2698181958	1,65%	2684000000
LFBANK 3 3/4 09/30/30 #523	1,61%	2625712500	2500000000
Market value 2625712500 Position 2500000000 Currency SEK Exchange rate 1 Price/interest 104.09106622 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 3 3/4 09/30/30 #523	2625712500	1,61%	2500000000
SWEDA 1 03/17/27 #197	1,6%	2617395324	2632000000
Market value 2617395324 Position 2632000000 Currency SEK Exchange rate 1 Price/interest 98.65946876 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 1 03/17/27 #197	2617395324	1,6%	2632000000
NDAFH 1 06/16/27 #5537	1,6%	2615224080	2646000000
Market value 2615224080 Position 2646000000 Currency SEK Exchange rate 1 Price/interest 98.297898227 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 1 06/16/27 #5537	2615224080	1,6%	2646000000
SBAB 0 1/4 06/09/27 #148	1,59%	2603291747	2672000000
Market value 2603291747 Position 2672000000 Currency SEK Exchange rate 1 Price/interest 97.289054039 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 0 1/4 06/09/27 #148	2603291747	1,59%	2672000000
SWEDA 3 12/27/29 #200	1,55%	2529275000	2500000000
Market value 2529275000 Position 2500000000 Currency SEK Exchange rate 1 Price/interest 101.146411849 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 3 12/27/29 #200	2529275000	1,55%	2500000000
SBAB 4 05/23/29 #150	1,55%	2528641469	2366000000
Market value 2528641469 Position 2366000000 Currency SEK Exchange rate 1 Price/interest 104.463399802 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 4 05/23/29 #150	2528641469	1,55%	2366000000
IBRD 2 3/4 12/18/28	1,54%	2517566667	2500000000
Market value 2517566667 Position 2500000000 Currency SEK Exchange rate 1 Price/interest 100.611249588 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IBRD 2 3/4 12/18/28	2517566667	1,54%	2500000000
IFC 1 1/4 04/05/27	1,52%	2492953472	2500000000
Market value 2492953472 Position 2500000000 Currency SEK Exchange rate 1 Price/interest 98.797588279 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 1 1/4 04/05/27	2492953472	1,52%	2500000000
SEB 3 12/06/27 #601	1,5%	2444872700	2410000000
Market value 2444872700 Position 2410000000 Currency SEK Exchange rate 1 Price/interest 101.246656474 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEB 3 12/06/27 #601	2444872700	1,5%	2410000000
SWEDA 3 10/29/30 #201	1,49%	2430824000	2400000000
Market value 2430824000 Position 2400000000 Currency SEK Exchange rate 1 Price/interest 100.776104855 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 3 10/29/30 #201	2430824000	1,49%	2400000000
LFBANK 1 09/15/27 #520	1,44%	2356960000	2400000000
Market value 2356960000 Position 2400000000 Currency SEK Exchange rate 1 Price/interest 97.91454941 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 1 09/15/27 #520	2356960000	1,44%	2400000000
SHBASS 0 1/2 06/01/26 #1591	1,38%	2259389574	2266000000
Market value 2259389574 Position 2266000000 Currency SEK Exchange rate 1 Price/interest 99.41752467 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 0 1/2 06/01/26 #1591	2259389574	1,38%	2266000000
NIB 3 1/4 10/24/27	1,36%	2229961967	2180000000
Market value 2229961967 Position 2180000000 Currency SEK Exchange rate 1 Price/interest 101.695695803 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 3 1/4 10/24/27	2229961967	1,36%	2180000000
LFBANK 0 1/2 09/20/28 #521	1,34%	2185066444	2300000000
Market value 2185066444 Position 2300000000 Currency SEK Exchange rate 1 Price/interest 94.863566716 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 0 1/2 09/20/28 #521	2185066444	1,34%	2300000000
STOCKL 2.983 05/15/30	1,26%	2059607500	2000000000
Market value 2059607500 Position 2000000000 Currency SEK Exchange rate 1 Price/interest 101.11599175 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				STOCKL 2.983 05/15/30	2059607500	1,26%	2000000000
SEK 3.219 12/18/26	1,24%	2020506000	2000000000
Market value 2020506000 Position 2000000000 Currency SEK Exchange rate 1 Price/interest 100.917803072 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEK 3.219 12/18/26	2020506000	1,24%	2000000000
DNBNO 2.63 08/26/30	1,22%	2001537778	2000000000
Market value 2001537778 Position 2000000000 Currency SEK Exchange rate 1 Price/interest 99.17141026 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DNBNO 2.63 08/26/30	2001537778	1,22%	2000000000
EBRD 2.285 12/17/29	1,21%	1972610278	2000000000
Market value 1972610278 Position 2000000000 Currency SEK Exchange rate 1 Price/interest 98.547558484 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EBRD 2.285 12/17/29	1972610278	1,21%	2000000000
IFC 2.305 12/17/29 #REGS	1,21%	1971084722	2000000000
Market value 1971084722 Position 2000000000 Currency SEK Exchange rate 1 Price/interest 98.471281494 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 2.305 12/17/29 #REGS	1971084722	1,21%	2000000000
SBAB 3 1/2 06/14/28 #149	0,96%	1565933333	1500000000
Market value 1565933333 Position 1500000000 Currency SEK Exchange rate 1 Price/interest 102.489606231 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 3 1/2 06/14/28 #149	1565933333	0,96%	1500000000
LFBANK 1 1/2 09/16/26 #519	0,96%	1576497817	1575500000
Market value 1576497817 Position 1575500000 Currency SEK Exchange rate 1 Price/interest 99.63012672 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 1 1/2 09/16/26 #519	1576497817	0,96%	1575500000
SEB 3 11/06/28 #602	0,93%	1526595000	1500000000
Market value 1526595000 Position 1500000000 Currency SEK Exchange rate 1 Price/interest 101.323051637 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEB 3 11/06/28 #602	1526595000	0,93%	1500000000
SBAB 1 06/12/30 #151	0,91%	1492416000	1600000000
Market value 1492416000 Position 1600000000 Currency SEK Exchange rate 1 Price/interest 92.726087781 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 1 06/12/30 #151	1492416000	0,91%	1600000000
EIB 2.323 12/03/29	0,91%	1484913375	1500000000
Market value 1484913375 Position 1500000000 Currency SEK Exchange rate 1 Price/interest 98.819538066 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EIB 2.323 12/03/29	1484913375	0,91%	1500000000
KFW 2.28 12/17/29	0,91%	1483415000	1500000000
Market value 1483415000 Position 1500000000 Currency SEK Exchange rate 1 Price/interest 98.811941436 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KFW 2.28 12/17/29	1483415000	0,91%	1500000000
NDAFH 3 1/2 10/26/29 #5539	0,89%	1450417111	1400000000
Market value 1450417111 Position 1400000000 Currency SEK Exchange rate 1 Price/interest 102.979158314 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 3 1/2 10/26/29 #5539	1450417111	0,89%	1400000000
SEB 3 12/06/29 #603	0,87%	1419320000	1400000000
Market value 1419320000 Position 1400000000 Currency SEK Exchange rate 1 Price/interest 101.180199843 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEB 3 12/06/29 #603	1419320000	0,87%	1400000000
NDAFH 2.269 10/08/29	0,82%	1347363258	1360000000
Market value 1347363258 Position 1360000000 Currency SEK Exchange rate 1 Price/interest 98.553982264 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 2.269 10/08/29	1347363258	0,82%	1360000000
DANBNK 0 1/2 12/16/26 #2612	0,78%	1275009831	1294000000
Market value 1275009831 Position 1294000000 Currency SEK Exchange rate 1 Price/interest 98.512717636 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DANBNK 0 1/2 12/16/26 #2612	1275009831	0,78%	1294000000
KOMINS 0 3/8 06/10/26	0,77%	1251739353	1258000000
Market value 1251739353 Position 1258000000 Currency SEK Exchange rate 1 Price/interest 99.294166194 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KOMINS 0 3/8 06/10/26	1251739353	0,77%	1258000000
SWEDA 2.342 09/27/29	0,76%	1242637708	1250000000
Market value 1242637708 Position 1250000000 Currency SEK Exchange rate 1 Price/interest 98.806324933 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 2.342 09/27/29	1242637708	0,76%	1250000000
ASIA 2.8865 05/16/28	0,69%	1131350489	1100000000
Market value 1131350489 Position 1100000000 Currency SEK Exchange rate 1 Price/interest 101.053693674 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ASIA 2.8865 05/16/28	1131350489	0,69%	1100000000
NDAFH 4 10/27/28 #DMTN	0,67%	1098825000	1050000000
Market value 1098825000 Position 1050000000 Currency SEK Exchange rate 1 Price/interest 103.949812302 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 4 10/27/28 #DMTN	1098825000	0,67%	1050000000
EIB 3 1/4 11/07/27	0,66%	1072978958	1050000000
Market value 1072978958 Position 1050000000 Currency SEK Exchange rate 1 Price/interest 101.710046904 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EIB 3 1/4 11/07/27	1072978958	0,66%	1050000000
LANHYP 3.6 04/25/28 #DMTN	0,64%	1050470000	1000000000
Market value 1050470000 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 102.597207324 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LANHYP 3.6 04/25/28 #DMTN	1050470000	0,64%	1000000000
EIB 2 7/8 01/19/28	0,64%	1038252639	1000000000
Market value 1038252639 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 101.101597835 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EIB 2 7/8 01/19/28	1038252639	0,64%	1000000000
AFDB 2 7/8 01/27/28	0,63%	1037223750	1000000000
Market value 1037223750 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 101.062502213 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				AFDB 2 7/8 01/27/28	1037223750	0,63%	1000000000
ASIA 3.248 06/16/28	0,63%	1036493111	1000000000
Market value 1036493111 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 101.899343118 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ASIA 3.248 06/16/28	1036493111	0,63%	1000000000
KFW 3 5/8 10/31/28	0,63%	1037171667	1000000000
Market value 1037171667 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 103.113215218 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KFW 3 5/8 10/31/28	1037171667	0,63%	1000000000
AFDB 3.728 11/03/27	0,63%	1031172667	1000000000
Market value 1031172667 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 102.527007194 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				AFDB 3.728 11/03/27	1031172667	0,63%	1000000000
IFC 3 1/8 11/17/27	0,62%	1018472639	1000000000
Market value 1018472639 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 101.473795941 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 3 1/8 11/17/27	1018472639	0,62%	1000000000
SKANE 2.982 12/12/28 #DMTN	0,62%	1014751000	1000000000
Market value 1014751000 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 101.326378124 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SKANE 2.982 12/12/28 #DMTN	1014751000	0,62%	1000000000
HEMSOF 3.001 06/03/30	0,62%	1007825750	1000000000
Market value 1007825750 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 99.056794957 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				HEMSOF 3.001 06/03/30	1007825750	0,62%	1000000000
RIKSHM 2.968 12/13/29	0,61%	994731556	1000000000
Market value 994731556 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 99.33296118 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				RIKSHM 2.968 12/13/29	994731556	0,61%	1000000000
KBN 2.298 09/29/28	0,61%	1000638833	1000000000
Market value 1000638833 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 99.482735624 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KBN 2.298 09/29/28	1000638833	0,61%	1000000000
ASIA 2.195 09/18/29	0,61%	990209167	1000000000
Market value 990209167 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 98.398820886 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ASIA 2.195 09/18/29	990209167	0,61%	1000000000
CASTSS 3.632 02/11/31 #DMTN	0,61%	995653556	1000000000
Market value 995653556 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 99.070601667 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				CASTSS 3.632 02/11/31 #DMTN	995653556	0,61%	1000000000
FASTIG 2.96 11/26/29	0,61%	998085556	1000000000
Market value 998085556 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 99.529387686 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				FASTIG 2.96 11/26/29	998085556	0,61%	1000000000
STOCKL 3.238 05/19/27 #EMTN	0,6%	982297836	950000000
Market value 982297836 Position 950000000 Currency SEK Exchange rate 1 Price/interest 101.412434758 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				STOCKL 3.238 05/19/27 #EMTN	982297836	0,6%	950000000
IFC 2 1/8 09/12/29	0,6%	988105000	1000000000
Market value 988105000 Position 1000000000 Currency SEK Exchange rate 1 Price/interest 98.173197152 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 2 1/8 09/12/29	988105000	0,6%	1000000000
SHBASS 3.629 06/20/28 #dmtn	0,58%	942464750	900000000
Market value 942464750 Position 900000000 Currency SEK Exchange rate 1 Price/interest 102.80273772 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 3.629 06/20/28 #dmtn	942464750	0,58%	900000000
DANBNK 3 1/2 12/15/27 #2712	0,55%	898508617	878000000
Market value 898508617 Position 878000000 Currency SEK Exchange rate 1 Price/interest 102.189529096 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DANBNK 3 1/2 12/15/27 #2712	898508617	0,55%	878000000
SEB 4.048 09/01/26	0,5%	819289561	800000000
Market value 819289561 Position 800000000 Currency SEK Exchange rate 1 Price/interest 101.073106206 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEB 4.048 09/01/26	819289561	0,5%	800000000
SHBASS 2.883 07/02/29 #DMTN	0,5%	818291867	800000000
Market value 818291867 Position 800000000 Currency SEK Exchange rate 1 Price/interest 100.860759593 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 2.883 07/02/29 #DMTN	818291867	0,5%	800000000
NDAFH 2.8 12/11/30 #DMTN	0,49%	799707556	800000000
Market value 799707556 Position 800000000 Currency SEK Exchange rate 1 Price/interest 99.69939506 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 2.8 12/11/30 #DMTN	799707556	0,49%	800000000
SEK 2.358 11/06/28	0,49%	800133600	800000000
Market value 800133600 Position 800000000 Currency SEK Exchange rate 1 Price/interest 99.663169537 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEK 2.358 11/06/28	800133600	0,49%	800000000
JERNAB 2.788 11/26/29 #DMTN	0,49%	796938489	800000000
Market value 796938489 Position 800000000 Currency SEK Exchange rate 1 Price/interest 99.354441595 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				JERNAB 2.788 11/26/29 #DMTN	796938489	0,49%	800000000
ASIA 2.57 10/15/30	0,49%	794987333	800000000
Market value 794987333 Position 800000000 Currency SEK Exchange rate 1 Price/interest 98.838239149 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ASIA 2.57 10/15/30	794987333	0,49%	800000000
NIB 3 1/2 09/22/28	0,49%	803231528	775000000
Market value 803231528 Position 775000000 Currency SEK Exchange rate 1 Price/interest 102.689655538 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 3 1/2 09/22/28	803231528	0,49%	775000000
NIB 2 5/8 06/28/29	0,47%	760305625	750000000
Market value 760305625 Position 750000000 Currency SEK Exchange rate 1 Price/interest 100.047434067 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 2 5/8 06/28/29	760305625	0,47%	750000000
VLVY 3.048 10/28/30	0,47%	775725080	780000000
Market value 775725080 Position 780000000 Currency SEK Exchange rate 1 Price/interest 98.92682824 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				VLVY 3.048 10/28/30	775725080	0,47%	780000000
FASTIG 4.46 11/09/26	0,47%	768276250	750000000
Market value 768276250 Position 750000000 Currency SEK Exchange rate 1 Price/interest 101.804875891 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				FASTIG 4.46 11/09/26	768276250	0,47%	750000000
FASTIG 3.695 12/18/26	0,47%	760711250	750000000
Market value 760711250 Position 750000000 Currency SEK Exchange rate 1 Price/interest 101.304669849 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				FASTIG 3.695 12/18/26	760711250	0,47%	750000000
SBAB 2.726 02/12/30	0,47%	768025542	750000000
Market value 768025542 Position 750000000 Currency SEK Exchange rate 1 Price/interest 99.896719258 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 2.726 02/12/30	768025542	0,47%	750000000
LFBANK 2.86 10/16/29	0,46%	751424167	750000000
Market value 751424167 Position 750000000 Currency SEK Exchange rate 1 Price/interest 99.602 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK 2.86 10/16/29	751424167	0,46%	750000000
SKANBK Float 10/08/30	0,43%	704925025	700000000
Market value 704925025 Position 700000000 Currency SEK Exchange rate 1 Price/interest 100.762 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SKANBK Float 10/08/30	704925025	0,43%	700000000
STAAKA 3.33 06/07/29	0,37%	601296150	580000000
Market value 601296150 Position 580000000 Currency SEK Exchange rate 1 Price/interest 101.793586213 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				STAAKA 3.33 06/07/29	601296150	0,37%	580000000
NDAFH 2.73 11/20/28	0,37%	600812000	600000000
Market value 600812000 Position 600000000 Currency SEK Exchange rate 1 Price/interest 99.832324452 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 2.73 11/20/28	600812000	0,37%	600000000
SPESVE 3.415 12/18/28 #	0,33%	536918883	526000000
Market value 536918883 Position 526000000 Currency SEK Exchange rate 1 Price/interest 101.961601812 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SPESVE 3.415 12/18/28 #	536918883	0,33%	526000000
EBRD 2 7/8 01/20/28	0,32%	518691389	500000000
Market value 518691389 Position 500000000 Currency SEK Exchange rate 1 Price/interest 101.023473141 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EBRD 2 7/8 01/20/28	518691389	0,32%	500000000
JERNAB 3.411 03/15/28 #DMTN	0,32%	521881875	500000000
Market value 521881875 Position 500000000 Currency SEK Exchange rate 1 Price/interest 101.675889259 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				JERNAB 3.411 03/15/28 #DMTN	521881875	0,32%	500000000
SWEDA 2.7275 12/04/28	0,31%	499759931	500000000
Market value 499759931 Position 500000000 Currency SEK Exchange rate 1 Price/interest 99.755490629 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 2.7275 12/04/28	499759931	0,31%	500000000
SEK 3.018 08/09/27	0,31%	511130250	500000000
Market value 511130250 Position 500000000 Currency SEK Exchange rate 1 Price/interest 101.043834534 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEK 3.018 08/09/27	511130250	0,31%	500000000
JERNAB 3.399 09/15/27 #	0,31%	512196875	500000000
Market value 512196875 Position 500000000 Currency SEK Exchange rate 1 Price/interest 101.448027154 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				JERNAB 3.399 09/15/27 #	512196875	0,31%	500000000
ATRLJB 3.503 10/23/30 #DMTN	0,3%	497229736	500000000
Market value 497229736 Position 500000000 Currency SEK Exchange rate 1 Price/interest 98.794166646 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ATRLJB 3.503 10/23/30 #DMTN	497229736	0,3%	500000000
HUMFAS 3.13 11/03/30 #DMTN	0,3%	494047917	500000000
Market value 494047917 Position 500000000 Currency SEK Exchange rate 1 Price/interest 98.314083298 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				HUMFAS 3.13 11/03/30 #DMTN	494047917	0,3%	500000000
EBRD 0 1/4 09/09/26	0,3%	484223308	490000000
Market value 484223308 Position 490000000 Currency SEK Exchange rate 1 Price/interest 98.744267605 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EBRD 0 1/4 09/09/26	484223308	0,3%	490000000
IFC 1.13 11/12/29	0,29%	472748333	500000000
Market value 472748333 Position 500000000 Currency SEK Exchange rate 1 Price/interest 94.398729718 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 1.13 11/12/29	472748333	0,29%	500000000
SWEDA 2.998 09/11/30	0,28%	450295775	450000000
Market value 450295775 Position 450000000 Currency SEK Exchange rate 1 Price/interest 99.158153527 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SWEDA 2.998 09/11/30	450295775	0,28%	450000000
EIB 1 1/2 03/02/27	0,25%	407751673	405680000
Market value 407751673 Position 405680000 Currency SEK Exchange rate 1 Price/interest 99.268786584 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EIB 1 1/2 03/02/27	407751673	0,25%	405680000
IFC 2 7/8 01/19/28	0,25%	414997056	400000000
Market value 414997056 Position 400000000 Currency SEK Exchange rate 1 Price/interest 101.026165191 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				IFC 2 7/8 01/19/28	414997056	0,25%	400000000
DANBNK 3 1/2 12/20/28 #2812	0,25%	411308889	400000000
Market value 411308889 Position 400000000 Currency SEK Exchange rate 1 Price/interest 102.729945313 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DANBNK 3 1/2 12/20/28 #2812	411308889	0,25%	400000000
SSABAS 3.565 11/14/30	0,22%	352417218	352000000
Market value 352417218 Position 352000000 Currency SEK Exchange rate 1 Price/interest 99.663 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SSABAS 3.565 11/14/30	352417218	0,22%	352000000
LFBANK Float 05/12/36	0,21%	342642707	340000000
Market value 342642707 Position 340000000 Currency SEK Exchange rate 1 Price/interest 100.365 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LFBANK Float 05/12/36	342642707	0,21%	340000000
LNKPNG 2.172 03/27/28 #DMTN	0,19%	303750300	300000000
Market value 303750300 Position 300000000 Currency SEK Exchange rate 1 Price/interest 99.602856882 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LNKPNG 2.172 03/27/28 #DMTN	303750300	0,19%	300000000
LUNDBS 2.948 10/22/30 #DMTN	0,18%	297785533	300000000
Market value 297785533 Position 300000000 Currency SEK Exchange rate 1 Price/interest 98.705422407 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				LUNDBS 2.948 10/22/30 #DMTN	297785533	0,18%	300000000
HAFECO 2.588 09/18/28	0,16%	256256800	256000000
Market value 256256800 Position 256000000 Currency SEK Exchange rate 1 Price/interest 99.370122619 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				HAFECO 2.588 09/18/28	256256800	0,16%	256000000
RENTEN 0.195 09/28/27	0,15%	250980167	260000000
Market value 250980167 Position 260000000 Currency SEK Exchange rate 1 Price/interest 96.480998233 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				RENTEN 0.195 09/28/27	250980167	0,15%	260000000
TELBSS 3 09/04/30	0,14%	229456433	230000000
Market value 229456433 Position 230000000 Currency SEK Exchange rate 1 Price/interest 98.797 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				TELBSS 3 09/04/30	229456433	0,14%	230000000
ATRLJB Float 03/13/30	0,12%	201587278	200000000
Market value 201587278 Position 200000000 Currency SEK Exchange rate 1 Price/interest 100.643 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				ATRLJB Float 03/13/30	201587278	0,12%	200000000
KOMINS 0 1/4 11/26/27	0,12%	192645222	200000000
Market value 192645222 Position 200000000 Currency SEK Exchange rate 1 Price/interest 96.298602891 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KOMINS 0 1/4 11/26/27	192645222	0,12%	200000000
AFDB 0.823 02/10/27	0,12%	198613111	200000000
Market value 198613111 Position 200000000 Currency SEK Exchange rate 1 Price/interest 98.575328732 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				AFDB 0.823 02/10/27	198613111	0,12%	200000000
MALMOK 2.565 09/09/30	0,12%	200049750	200000000
Market value 200049750 Position 200000000 Currency SEK Exchange rate 1 Price/interest 99.233817304 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				MALMOK 2.565 09/09/30	200049750	0,12%	200000000
RIKSHM 2.823 05/15/28	0,12%	202018163	198000000
Market value 202018163 Position 198000000 Currency SEK Exchange rate 1 Price/interest 100.26452038 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				RIKSHM 2.823 05/15/28	202018163	0,12%	198000000
NIB 0 3/8 10/20/26	0,11%	177717450	180000000
Market value 177717450 Position 180000000 Currency SEK Exchange rate 1 Price/interest 98.658932189 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 0 3/8 10/20/26	177717450	0,11%	180000000
OSTKOM 2.273 09/18/29	0,11%	179101830	180000000
Market value 179101830 Position 180000000 Currency SEK Exchange rate 1 Price/interest 98.857091414 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				OSTKOM 2.273 09/18/29	179101830	0,11%	180000000
NIB 2.503 09/26/30	0,09%	148958342	150000000
Market value 148958342 Position 150000000 Currency SEK Exchange rate 1 Price/interest 98.652233981 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 2.503 09/26/30	148958342	0,09%	150000000
JERNAB 2.753 05/02/28 #DMTN	0,09%	153085558	150000000
Market value 153085558 Position 150000000 Currency SEK Exchange rate 1 Price/interest 100.237036689 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				JERNAB 2.753 05/02/28 #DMTN	153085558	0,09%	150000000
NEDWBK 2 3/4 09/24/32	0,08%	129261631	12000000
Market value 129261631 Position 12000000 Currency EUR Exchange rate 10.8115 Price/interest 98.902 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NEDWBK 2 3/4 09/24/32	129261631	0,08%	12000000
BKO 2 12/16/27	0,08%	129971475	12000000
Market value 129971475 Position 12000000 Currency EUR Exchange rate 10.8115 Price/interest 99.769 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				BKO 2 12/16/27	129971475	0,08%	12000000
SEK 0 1/4 01/18/28	0,08%	125671575	131000000
Market value 125671575 Position 131000000 Currency SEK Exchange rate 1 Price/interest 95.69501934 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SEK 0 1/4 01/18/28	125671575	0,08%	131000000
EIB 2 1/2 02/17/31	0,07%	108173634	10000000
Market value 108173634 Position 10000000 Currency EUR Exchange rate 10.8115 Price/interest 99.383 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				EIB 2 1/2 02/17/31	108173634	0,07%	10000000
DANBNK 3 1/4 12/19/29 #2912	0,06%	104204532	102000000
Market value 104204532 Position 102000000 Currency SEK Exchange rate 1 Price/interest 102.061909698 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DANBNK 3 1/4 12/19/29 #2912	104204532	0,06%	102000000
DNBNO 3.038 01/18/27	0,06%	103793100	100000000
Market value 103793100 Position 100000000 Currency SEK Exchange rate 1 Price/interest 100.907416478 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				DNBNO 3.038 01/18/27	103793100	0,06%	100000000
INDDEN 2.955 08/28/30 #DMTN	0,06%	93931772	94000000
Market value 93931772 Position 94000000 Currency SEK Exchange rate 1 Price/interest 98.925904666 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				INDDEN 2.955 08/28/30 #DMTN	93931772	0,06%	94000000
SHBASS 2 1/2 12/02/30 #1597	0,03%	49322722	50000000
Market value 49322722 Position 50000000 Currency SEK Exchange rate 1 Price/interest 98.450649264 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SHBASS 2 1/2 12/02/30 #1597	49322722	0,03%	50000000
NDAFH 3 11/26/30 #5540	0,03%	50504667	50000000
Market value 50504667 Position 50000000 Currency SEK Exchange rate 1 Price/interest 100.72624803 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NDAFH 3 11/26/30 #5540	50504667	0,03%	50000000
T 4 03/31/30	0,02%	32980658	3500000
Market value 32980658 Position 3500000 Currency USD Exchange rate 9.19465 Price/interest 101.484375 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				T 4 03/31/30	32980658	0,02%	3500000
KUNTA 0 3/4 09/07/27	0,01%	10581890	1000000
Market value 10581890 Position 1000000 Currency EUR Exchange rate 10.8115 Price/interest 97.642 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KUNTA 0 3/4 09/07/27	10581890	0,01%	1000000
SBAB 4.425 02/03/28	0,01%	21211475	20000000
Market value 21211475 Position 20000000 Currency SEK Exchange rate 1 Price/interest 102.038 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				SBAB 4.425 02/03/28	21211475	0,01%	20000000
HUMFAS Float 02/05/29	0,01%	20117672	20000000
Market value 20117672 Position 20000000 Currency SEK Exchange rate 1 Price/interest 100.178 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				HUMFAS Float 02/05/29	20117672	0,01%	20000000
T 3 5/8 08/31/29	0,01%	18641541	2000000
Market value 18641541 Position 2000000 Currency USD Exchange rate 9.19465 Price/interest 100.160156 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				T 3 5/8 08/31/29	18641541	0,01%	2000000
NIB 0 09/25/26	0,01%	21292817	2000000
Market value 21292817 Position 2000000 Currency EUR Exchange rate 10.8115 Price/interest 98.473 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				NIB 0 09/25/26	21292817	0,01%	2000000
KOMINS 3 1/4 11/12/29 #2911	0%	1027633	1000000
Market value 1027633 Position 1000000 Currency SEK Exchange rate 1 Price/interest 102.330378403 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KOMINS 3 1/4 11/12/29 #2911	1027633	0%	1000000
KOMINS 0 1/2 06/15/27 #2706	0%	979318	1000000
Market value 979318 Position 1000000 Currency SEK Exchange rate 1 Price/interest 97.661290927 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KOMINS 0 1/2 06/15/27 #2706	979318	0%	1000000
KOMINS 3 03/12/29 #2903	0%	1039170	1000000
Market value 1039170 Position 1000000 Currency SEK Exchange rate 1 Price/interest 101.516718048 Securities F_Market Value - Standard Fixed Income Datum: 2025-12-30				KOMINS 3 03/12/29 #2903	1039170	0%	1000000

Holdings as of 2025-12-31 (Updated semi-annually with a one-month delay).