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.
We at SEB Funds AB have introduced a liquidity management mechanism in SEB Private Banking Fund SICAV – SEB Modern Growth Fund, and SEB Private Banking Fund SICAV – SEB Modern Aggressive Fund through the option to apply redemption charges. Liquidity management tools became a legal requirement for all Luxembourg-domiciled funds on 16 April 2026. An additional update to the funds’ prospectus has been made. The changes in the funds took effect 14 April 2026.
To ensure fair treatment of shareholders and safeguard their collective interests, the funds may adjust the net asset value by applying redemption charges when large net flows result in higher transaction costs. This means that transaction costs arising from the subscription or redemption of fund shares are allocated to the investors whose transactions generated those costs. This protects existing shareholders from bearing costs attributable to other investors’ purchases or sales of fund shares.
In addition, the prospectus section concerning the use of redemption gates, which are limits on the amount investors in a fund may redeem during a specified period, has been clarified. These updates do not introduce any material changes and are intended solely to provide greater clarity on how such tools may be applied in exceptional market conditions.
The updated wording clarifies that when a redemption gate is applied, redemption requests exceeding the relevant threshold on a given dealing day will not be executed and will instead be cancelled. Investors may submit a new redemption request on the next dealing day.
|
Share class |
ISIN |
|
C (PH-EUR) |
LU0414444447 |
|
C (SEK) |
LU0414444793 |
|
HNWC (SEK) |
LU0414444876 |
|
UC (PH-EUR) |
LU2464496517 |
|
UC (SEK) |
LU2464496608 |
|
Share class |
ISIN |
|
C (PH-EUR) |
LU0414442078 |
|
C (SEK) |
LU0414444280 |
|
HNWC (SEK) |
LU0414444363 |
|
UC (PH-EUR) |
LU2464496434 |
If you hold shares in either fund, you do not need to take any action. The value of your holdings will not be affected by this change, but we want to make you aware of it.