As of 13 December 2013, the fund may invest up to 10 per cent of its total assets in instruments from issuers with lower credit ratings, ranging from BB+ to CCC-on the Standard & Poor scale, or the equivalent. These are referred to as non-investment grade or high yield instruments.
Previously, the fund invested exclusively in bonds and instruments with a minimum credit rating of BBB- on the Standard & Poor scale or the equivalent. These are referred to as investment grade instruments.
Also as of 13 December 2013, the portfolio’s duration may vary from three to eight years. Previously the allowed duration was three to six years.
The changes affect the following subfunds:
SEB Fund 5 - SEB Corporate Bond Fund SEK
Class C (SEK)
ISIN-code: LU0133012632 SEB Fund 5 - SEB Corporate Bond Fund SEK
Class D (SEK)
For further information, please read the notice to unitholders.