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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.
SEB Funds AB have made general updates to the pre-contractual documents (“PCDs”) for sub-funds included in the SEB Fund 3 prospectus.
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.
Affected sub-funds under the SEB Fund 3 umbrella:
As part of our regular review of sustainability policies and SFDR disclosures, we have updated the PCDs for all sub-funds, as outlined in Annex I of the prospectus. These changes reflect the latest developments in the Management Company’s sustainability policy.
We have also refined the wording in the PCDs to ensure they are more accurate, clear, and accessible for investors.
Summary of key updates:
For further information, we encourage you to review the full sustainability policy at sebgroup.com: Our sustainability approach at Asset Management.
Some sub-funds have received specific updates based on their environmental, social, and governance (ESG) characteristics, objectives, or commitments.
| Old PCD disclosure | New PCD disclosure |
| ☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 0% of sustainable investments ☐ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☐ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☐ with a social objective ☒ It promotes E/S characteristics, but will not make any sustainable investments. |
☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 20.00% of sustainable investments ☐ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☒ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☒ with a social objective ☐ It promotes E/S characteristics, but will not make any sustainable investments. |
| Old PCD disclosure | New PCD disclosure |
| ☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 10% of sustainable investments ☐ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☒ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☐ with a social objective ☐ It promotes E/S characteristics, but will not make any sustainable investments. |
☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 20.00% of sustainable investments ☒ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☒ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☒ with a social objective ☐ It promotes E/S characteristics, but will not make any sustainable investments. |
| Old PCD disclosure | New PCD disclosure |
| ☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 10% of sustainable investments ☐ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☒ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☐ with a social objective ☐ It promotes E/S characteristics, but will not make any sustainable investments. |
☒ It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 30.00% of sustainable investments ☒ with an environmental objective in economic activities that qualify as environ- mentally sustainable under the EU Taxonomy ☒ with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy ☒ with a social objective ☐ It promotes E/S characteristics, but will not make any sustainable investments. |
When the Management Company first prepared the original disclosures, limited data was available. To avoid providing inaccurate information, a conservative approach was taken, resulting in some sub-funds indicating a low or zero level of sustainable investments.
Since then, more reliable data has become available. A recent review has shown that many of the companies within the sub-funds’ investment universe meet the required sustainability criteria. As a result, the minimum proportions of sustainable investments have now been increased. This is a positive development for investors and reflects a clear commitment to sustainability.
The prospectus also includes a few additional updates, including:
These updates will not have any foreseeable material impact on your investment. The sub-funds will continue to follow the same investment objectives and strategies. There are no changes to fees.
Sincerely,
SEB Funds AB, Luxembourg Branch