Auf Deutsch (pdf)
Changes are being made to SEB Fund 1 – SEB Nordic Future Opportunity Fund (the “Sub-Fund”), effective 4 November 2026.
You are not required to take any action as a result of these changes. These changes are not expected to have a material impact on the value of your investment. However, it is important that you are aware of these updates.
Removal of the benchmark
The current benchmark for the Sub-Fund will be removed.
SEB Nordic Future Opportunity Fund is an actively managed, concentrated equity fund with specific requirements on identifiable and measurable positive impact and contribution (20% verifiable revenues from Energy Transition, Circularity and Resource Efficiency, Healthy Societies or Sustainable Mobility).
The current benchmark contains many companies that do not meet the Sub-Fund's sustainability criteria. As a result, it does not provide a meaningful comparison for the Sub-Fund's investment approach. The Sub-Fund invests in a different mix of sectors than traditional market indices, with limited exposure to some sectors and greater exposure to others. The Sub-Fund can therefore only invest in limited portion of the current benchmark. We had expected the benchmark to become more representative of the Sub-Fund over time. As this has not happened, we have decided to remove it. No significant portfolio reallocation is expected as a result of these changes, and no material impact on investors is anticipated.
Removal of performance fee
SEB Nordic Future Opportunity Fund will no longer charge a performance fee.
This change simplifies the fee structure and makes the cost of investing in the Sub-Fund easier to understand.
Other updates to the prospectus
The description of the Sub-Fund’s investment process has been updated to provide greater clarity on its sustainability approach. This update does not represent a material change to the way the Sub-Fund is managed.
Affected unit classes
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ZC (EUR)
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LU2071392547
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UC (SEK)
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LU1883351956
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UC (EUR)
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LU1748252209
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ID (SEK)
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LU2398394010
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ID (EUR)
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LU3009557037
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IC (SEK)
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LU1816660721
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IC (EUR)
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LU2030514330
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D (SEK)
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LU2398394101
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C (SEK)
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LU1807523151
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C (NOK)
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LU1807522930
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C (EUR)
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LU0030165871
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Additional information
From the effective date, the updated product documentation for the Sub-Fund, including the KID and prospectus, will be available at www.sebgroup.lu.
How you as an investor are affected
No material impact is expected on your investment. The Sub-Fund will continue to pursue the same investment objective and investment strategy, and no change to its risk profile is expected.
The benchmark used for comparison purposes will be removed, and the performance fee will no longer apply. You are not required to take any action as a result of these changes.
Trading information
If you wish to redeem your units before the change, you may do so free of charge before the cut-off time on 3 November 2026. As always, there are no fees for buying or selling units in the Sub-Fund. Please note that redemptions may be subject to tax. We recommend consulting your financial adviser.