SEB Fund 3 – SEB US Exposure Fund will merge with SEB USA Exposure

As an investor, you are not required to take any action concerning this merger. The value of your investment will not be affected, but it is important for you to be aware of the merger.

SEB Funds AB will merge Luxembourg-domiciled SEB Fund 3 – SEB US Exposure Fund (merging sub-fund) with Sweden-domiciled SEB USA Exposure (receiving fund), effective 16 February 2026.

The merger part of our aim to consolidate and sharpen our product offering and to make fund management more efficient.

How you as an investor are affected

The receiving fund, SEB USA Exposure, has been created for the purpose of absorbing the merging sub-fund, SEB Fund 3 – SEB US Exposure Fund. The merger will lead to lower on-going charges due to the Luxembourg taxe d’abonnement, and hence this will enable the receiving fund to achieve a better performance.

Differences between the funds

As the receiving fund has been established specifically to absorb the merging fund, both funds share very similar investment objectives and strategies. They also share the same risk profile.

Apart from the fact that the transferring fund is registered in Luxembourg and the receiving fund in Sweden, the key difference between the two is how their benchmark indices are constructed. The merging sub-fund is managed against a standard index, with exclusions applied as part of the investment process, while the receiving fund will be managed against a custom index that incorporates these exclusions. As a result, the receiving fund will follow its benchmark more closely, making it easier for customers to understand how the fund is managed.

Affected share classes and ISINs

Trading information

If you wish to redeem your holdings in the merging fund before the merger takes place, the following timeframe applies:

Important dates

• 6 February 2026: After cut-off time on 6 February, the merging sub-fund closes for transactions.
• 16 February 2026: The net asset value and the exchange ratio for the merging sub-fund are calculated. The merger takes effect. 

As usual, no fees are charged for purchases or sales in the sub-fund. The merger will not result in any tax implications for you as a participant. Note that redemption can result in taxation. Kindly consult your financial advisor. 

Additional Information

Complete information about the merger, fees, and investment objectives can be found in the following client notice and KID for the receiving fund.

• Client notice SEB US Exposure Fund (merging sub-fund)
• KID for SEB USA Exposure (receiving fund)