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Updates to the Annex of the SEB Alternative Strategies SICAV – Active Owners Impact Fund within SFDR and EU Taxonomy alignment as well as general and fund-specific prospectus changes

Risk information

Past performance is not indicative of future results. The value of fund units/shares can rise as well as fall and you may not get back the amount you invested. Funds with a risk level of 5-7 according to the fund’s key information document (KID) can both decrease and increase significantly in value. Fund information, including the KID, prospectus, and sustainability-related disclosures can be found at www.sebgroup.lu/funds.  

As a result of new regulations and with the purpose of ensuring clarity, specific updates and general changes to the prospectus and annexes have been made in the SEB Alternative Strategies SICAV umbrella. No changes have been made in the management of the funds and you as an investor are not required to act due to these changes, but we wish to make you familiar with them. These updates will be effective as of 13 June 2023.

UPDATE NOTE:

The updates mentioned in this article, that were scheduled for 13 June 2023, have been postponed. The updated prospectus will be available before the end of June. As the updates detailed in this article do not include any material changes, you as an investor will not be affected due to this delay.

As part of the implementation of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR), sub-funds have their sustainability-related disclosures located in an Annex at the end of the prospectus. The disclosures provide a better picture of the sub-funds’ sustainability commitment and taxonomy alignment.

Updates made in the Annex of SEB Alternative Strategies SICAV - Active Owners Impact Fund

In the Annex of SEB Alternative Strategies SICAV - Active Owners Impact Fund, we have now checked the box that identifies that the sub-fund will invest in economic activities that qualify as environmentally sustainable under the EU Taxonomy and have specified the sub-fund's minimum commitment of sustainable investments with an environmental objective as 5%. A definition of what constitutes a sustainable investment for the sub-fund has also been included along with general text changes in said Annex in line with our latest standards and latest regulatory requirements.

We have also updated the Annex to the latest version which entered into force in February this year. The new Annex remains similar in structure but includes a new question as to whether the sub-fund commits to investment in Taxonomy-aligned nuclear or fossil gas energy. Although the sub-fund does not commit to this, this does not mean that the sub-fund will not invest in it.

Updates made in the prospectus specifically regarding SEB Alternative Strategies SICAV – SEB Credit Opportunity V

The wording relating to credit rating has been slightly amended in order to clarify that the sub-fund may invest in securities with an equivalent rating to S&P’s B- or higher and Moody’s B3 or higher.

Changes made to the general part of the prospectus

Minor amendments have been made to the general part of the prospectus to clarify that the distribution of dividends will be decided by the Annual General Meeting of the Fund.