Changes in SEB Fund 5 sub-funds and prospectus

As of 7 August 2023, general changes will enter into force regarding the terms and conditions and wording of the SEB Fund 5 sub-funds, as a result of which the prospectuses will become more precise. The changes will enter into force automatically and unit holders do not need to do anything on their part. Unit holders who do not wish to continue investing in the sub-fund(s) may redeem their units free of charge by the 4th of August 2023 at 14:00.

Changes in contingent convertible bonds (CoCos):

• SEB Corporate Bond Fund EUR C (LU0133008952);
• SEB Corporate Bond Fund EUR UC (LU1791748806);
• SEB Dynamic Bond Fund UC (LU1791748988);
• SEB Dynamic Bond Fund C (LU0979738571).

Henceforth, the maximum proportion of funds investing in convertible bonds will be 15%. Nevertheless, the aim is to keep the proportion of convertible bonds between 0% and 10%.
After the change, sub-funds will continue to be low-risk.

General changes to the prospectus:

Along with the above-mentioned sub-fund changes, general changes and factual corrections will be made to the prospectus: for example, a 2% redemption fee will be removed if redemption is made within 6 months and the wording in the sub-section ‘CoCo bond risk’ will be corrected. More detailed information on the changes is available on the Management Company’s website.

Changes in SEB Fund 5 – SEB Danish Mortgage Bond Fund:

The fund will change from an SFDR Article 6 classification to an SFDR Article 8 classification, which means that the fund will promote environmental and social features but will not make sustainable investments. 

The wording ‘Sustainability approach’ in the investment process section of the supplement to the sub-fund will be removed due to the reclassification of the sub-fund, but no changes will be made to the sub-fund’s investment process. 

More detailed information is available on the website of SEB Group and at the registered office of the Management Company. The product documentation of the sub-funds can be found at  www.sebgroup.lu and at their registered office.