Liquidity management tools to be introduced in SEB Credit Opportunity V and SEB Micro Cap Fund

We at SEB Funds AB will introduce a liquidity management mechanism in SEB Credit Opportunity V and SEB Micro Cap Fund SICAV-SIF through the option to apply redemption charges. Liquidity management tools will become a legal requirement for all Luxembourg-domiciled funds during 2026. The changes in the funds will take effect on 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.

Affected share classes and ISINs

SEB Credit Opportunity V

SEB Micro Cap Fund SICAV-SIF

How this affects you as an investor

If you hold units 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.