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.
The change affects the following subfunds:
SEB Fund 5 - SEB Corporate Bond Fund EUR – Lux
Class C (EUR)
SEB Fund 5 - SEB Corporate Bond Fund EUR – Lux utd
Class D (EUR)
For further information, please see link to attached notice to unitholders.