You're using an older browser that may not provide the best experience on our site - for optimal performance and security, please update your browser.
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 Our Luxembourg funds.
Following a decision at the Extraordinary General Meeting of Shareholders of SEB Private Banking Fund SICAV-SIF (the “Fund”) held on 17 November 2025, the Fund will be restructured from a Specialised Investment Fund (SIF) into an Undertaking for Collective Investment in Transferable Securities (UCITS).
You are not required to act due to these changes, and the value of your units in the sub-funds will not be affected, but it is important for you to be aware of the changes.
The Board believes that converting the fund into a UCITS will make it more attractive and accessible to a broader range of investors. Unlike the current structure, which is limited to a specific category of eligible investors, a UCITS fund is open to all investor types. In addition, the UCITS framework offers features such as daily valuation and trading, along with a more detailed and transparent Prospectus, providing greater clarity and ease of investment.
To support this transition, the Fund’s prospectus will be updated to align with UCITS regulatory requirements, including investment restrictions and necessary disclosures. The Board of Directors has approved these amendments. The amendments in the updated version of the prospectus will be applicable as of 2 February 2026.
The sub-funds SEB Modern Growth Fund and SEB Modern Aggressive Fund already meet UCITS standards in terms of investment objectives and policies. Therefore, no material changes have been made to their investment strategies. Updates focus mainly on regulatory disclosures and improved clarity.
SEB Modern Growth Fund
SEB Modern Aggressive Fund
There will not be any structural changes along with the change to UCITS, nor any rebalancing of the portfolio. The fee structure, service providers, and investment policy, among other things, will remain the same. The share classes intended for retail investors will be charged an annual subscription tax of 0.05% (“tax d’abonnement”) instead of the current 0.01% due to it becoming a UCITS.
SEB Funds AB bears any costs related to legal, advisory, and administrative costs that arise in relation to the change from SIF to UCITS.
If you do not wish to continue with your investment, the cut-off time on 18 December 2025 is the deadline to redeem your shares free of charge. Please note that your distributor may apply an earlier cut-off time than that of the sub-funds. We do not charge any fees for buying or selling the fund prior to the change. Redemption or exchange may have tax implications for you. Kindly consult your financial advisor.
Orders received by the Management Company after its cut-off time on 18 December 2025 at 15:30 (CET) will be rejected. Trading will resume on Monday, 2 February 2026, when the funds transition to daily trading.