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Changes to SEB Fund 3 - SEB Technology Fund, including a new SFDR Article 8 classification and a new name

SEB Fund 3 - SEB Technology Fund will focus on companies that enable the use and/or development of artificial intelligence (AI). To reflect the new focus, the fund will change its name to SEB Artificial Intelligence Fund. The changes come into effect on 29 June 2023. 

As a unitholder, you are not required to act due to these changes, and the value of your units in the sub-fund will not be affected, but it is important for you to be aware of the changes. 

Summary of changes 

• New investment focus: The sub-fund has previously focused on the technology sector, which, for example, included industries such as electronics, computers, aviation, and telecommunications. Through the new focus, the sub-fund will instead focus on companies that enable the use and/or development of Artificial Intelligence (AI). 

• New name: The sub-fund will change its name from SEB Fund 3 – SEB Technology Fund to SEB Fund 3 – SEB Artificial Intelligence Fund to reflect the new focus. 

• Higher sustainability classification: The SEB Fund 3 – SEB Technology Fund has an Article 6 classification from the EU Regulation SFDR, which means that it has not promoted environmental and/or social characteristics. After the change, the sub-fund will be classified as Article 8 of the SFDR, which means that it promotes environmental and social characteristics. It will also have a minimum proportion of 10of sustainable investments. 

The changes take effect on 29 June. If you would like to redeem your holding, free of charge, before the changes take effect, you should redeem them by cut-off time on 28 June. Note that redemption can result in taxation. Kindly consult your financial advisor. 

For more information, including a list of the affected share classes and their corresponding ISIN numbers, click on the link below. 

Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. The fund is classified as a higher-risk fund and may, due to its composition and management methods, fall or rise sharply in value. Key Information Documents and prospectuses are available at www.sebgroup.lu/funds.