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Updates to pre-contracutal documents – SEB Fund 1 sub-funds

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 Our Luxembourg funds.

in German/auf Deutsch

SEB Funds AB will implement general updates to the pre-contractual documents (“PCDs”) for sub-funds under the SEB Fund 1 umbrella, effective 1 September 2025.

Sub-funds affected:

  • SEB Europe Equity Fund
  • SEB Global Climate Opportunity Fund
  • SEB Europe Exposure Fund
  • SEB Global Focus Fund
  • SEB Nordic Future Opportunity Fund
  • SEB US Focus Core Fund
  • SEB Montrusco Bolton Global Equity Fund

You do not need to take any action, and the value of your investment will not be affected. However, we want to ensure you are informed of these updates.

General updates to PCDs in the prospectus

As part of our regular review of sustainability policies and SFDR-related disclosures, we have revised the PCDs for all sub-funds, as detailed in Annex I of the prospectus. These updates reflect the latest enhancements to the Management Company’s sustainability policy.

We have also improved the clarity and accuracy of the language used in the PCDs to ensure greater transparency for investors.

Summary of key updates:

  • Clarified that nicotine products are excluded under the same terms as tobacco products.
  • Specified exclusions for white phosphorus and other prohibited or controversial weapons.
  • Updated exclusion thresholds to align with Paris-Aligned Benchmark (PAB) standards:
    • 1 per cent revenue cap for coal distribution
    • 1 per cent revenue cap for metallurgical coal mining
  • Streamlined language by referencing the Management Company’s overarching sustainability policy, which is regularly reviewed and updated, rather than listing individual thresholds.
  • Clarified the policy regarding military equipment:
    • Sub-funds that previously excluded certain military-related investments now permit holdings in non-combat military equipment, in line with our current Swedish market practices
    • SEB Global Focus Fund now allows investment in combat-related equipment, including weapons

Specific updates to the SEB Europe Exposure Fund

SEB Europe Exposure Fund has undergone specific revisions reflecting its environmental, social, and governance (ESG) attributes. The changes will not affect the sub-fund’s portfolio composition or risk profile.

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 __% of 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 environmentally sustainable under the EU Taxonomy

☐ with an environmental objective in economic activities that qualify as environmentally sustainable under the EU Taxonomy

☐ with an environmental objective in economic activities that do not qualify as environmentally 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

☒ with a social objective

☒ It promotes E/S characteristics, but will not make any sustainable investments

☐ It promotes E/S characteristics, but will not make any sustainable investments


Specific updates to SEB Europe Equity Fund

The minimum proportion of sustainable investments in SEB Europe Equity Fund was increased from 20% to 30%. This change will not affect the sub-fund’s portfolio composition or risk profile. 

Reason for updates

When the original disclosures were prepared, data limitations led to a conservative approach, with some sub-funds reporting minimal or zero sustainable investment exposure.

Improved data availability has since confirmed that many portfolio companies meet the relevant sustainability criteria. Accordingly, the minimum level of sustainable investments has been revised upwards, reinforcing our commitment to responsible investment.

Other updates to the prospectus

A few additional updates will be made to the prospectus, including:

  1. A new “M” unit class will be introduced, available exclusively to institutional investors, specifically funds managed by the Management Company or SEB-branded funds.
  2. The “Our Sustainability Approach” section and the related descriptions across sub-funds will be updated for clarity and transparency. These are editorial changes and do not alter investment practices. They aim to improve the description of how the Management Company assesses potential sustainability risks and their likely impact on sub-fund performance, as well as how active ownership is exercised.
  3. The legal name of SEB Investment Management AB changed on 14 March 2025, and the prospectus now reflects this update.

How you as an investor are affected

The updates will not have any foreseeable material impact on your investment. The sub-funds’ strategies and objectives remain unchanged, and no fee adjustments will occur.

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