You as an investor do not have to act due to these changes, but you should be familiar with them. If you do not wish to remain invested in the Sub-Fund, you may redeem your units free of charge by 7 September 2022.
Summary of changes
New investment manager:
Aristotle Atlantic Partners, LLC will take over the management of the Fund from Fort Washington Investor Advisors, Inc. Aristotle Atlantic Partners LLC provides a fundamentally driven strategy. SEB Investment Management primarily chose the company due to their proven track record and their expertise in investing in core companies in the US, and their capacity to integrate ESG into to the fund investment process.
New name and fundamental strategy:
SEB Fund 1 – SEB US Focus Core Fund, previously SEB Fund 1 – SEB US All Cap, continues to be fundamentally driven while focussing on core companies. The aim is to create a focused portfolio encompassing mainly large, core companies.
Higher sustainability profile:
SEB Fund 1 – SEB US All Cap was categorised as Article 6 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR). The new investment manager will enable the Sub-Fund to be managed in a more sustainable fashion, and the Sub-Fund will thus be classified as promoting ESG factors within the meaning of Article 8 according to SFDR.
The former benchmark was the Russell 3000 Net Return Index, a reinvesting North American equity index. The new benchmark is the Russell 1000 Net Return Index, which tracks the performance of US companies.
The change of index to the Russel 1000 is due to the change of investment manager and strategy. The new index measures the performance of the large-cap segment of the US equity universe, which is deemed as more relevant for the focus of the new strategy.
Product documentation, including the changes described here, will be available from www.sebgroup.lu and our registered office upon implementation of the changes.
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 investor information documents and prospectuses are available on www.sebgroup.lu/funds.
SEB Investment Management AB, Luxembourg Branch