Changes to SEB Fund 1 – SEB Asset Selection Fund
- Total Return Swaps (TRS): In order to increase the operational and cost efficiency of the sub-fund, total return swaps will be introduced.
- New risk categories added: As a result of the inclusion of TRS we have also included “Legal risk” and "Custody risk” to the risk profile of the sub-fund.
- Decreasing the sub-fund’s expected average gross leverage: The sub-fund’s expected average gross leverage will decrease from 1000% to 800%.
- Change in trading cycle: Net asset value (NAV) for orders placed before the cut-off time on a banking day will be based on the NAV for the close of that business day and then calculated the following banking day.
Changes to SEB Fund 1 – SEB Nordic Future Opportunity Fund
Performance fee crystallisation on net redemptions: The performance fee model for this sub-fund has been amended to not only crystallise yearly but also in due proportions when net redemptions occur.
Changes that will apply to all sub-funds in SEB Fund 1
As of 1 January 2023, most funds are required to have a specific Annex inserted into each prospectus detailing the sustainability characteristics applicable to each fund or sub-fund. The Annex was updated in February, and consequently, an update is required for each sub-fund’s Annex in SEB Fund 1. Minor editorial amendments have also been made to each Annex, but none that would have any material impact on any sustainability characteristics.
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