Information in German
SEB Funds AB will implement general updates to the Prospectus of the SEB High Yield umbrella, effective 3 March 2026.
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.
Sub-funds affected
- SEB Climate Focus High Yield Fund
- SEB Global High Yield Fund
General updates to the prospectus
As part of our ongoing review of our fund documentation and SFDR-related disclosures, we have revised the prospectus including the above sub-funds. These changes aim to enhance transparency for the investment policy of the sub-funds, and alignment with the Management Company’s overarching sustainability policy, which is reviewed and updated regularly.
Summary of key updates (both sub-funds):
- Clarified that nicotine products are excluded under the same terms as tobacco products.
- Specified exclusions for white phosphorus and other prohibited or controversial weapons.
- Streamlined sustainability language by referencing the Management Company’s overarching sustainability policy rather than listing individual thresholds.
- Clarified the policy on military equipment: sub-funds that previously excluded certain military-related investments may now hold non-combat military equipment, in line with current Swedish market practices.
- Clarified the wording on sustainability risks.
- The sub-funds may retain any securities (provided they are UCITS-compliant) received as part of a bond restructuring, until they can be sold in the best interests of unitholders.
Specific updates to SEB Climate Focus High Yield Fund
- The sub-fund will increase its minimum commitment to Taxonomy-aligned investments from 1% to 5%.
- The sub-fund will continue to invest solely in assets with a sustainable objective. However, the allocation has been adjusted from 85% environmental to 75% environmental, with the remaining 10% allocated to either socially or environmentally sustainable investments.
- Removed “science-based targets” and “engagement dialogues” as binding elements of the sub-fund’s ESG profile whilst keeping them as part of the sustainability indicators.
- The investment universe has been clarified to include other debt-related securities, while maintaining a primary focus on high yield investments.
- The investment universe of the sub-fund has been clarified, and the sub-fund may seek investment opportunities outside Europe, while maintaining an overall European focus.
- General clarifications have been made, including the removal of unnecessary wording in the investment objective and policy.
Specific updates to SEB Global High Yield Fund
- Removed “engagement dialogues” and “integration” (i.e. SIMS-S) as binding elements of the sub-fund’s ESG profile.
- Clarified the sub-fund’s focus on European and US bonds.
- Clarified the investment universe to include other debt-related securities, while maintaining a primary focus on high yield investments.
- General clarifications have been made, including the removal of unnecessary wording in the investment objective and policy.
Trading information
If you wish to redeem your units before the change takes effect, you may do so without charge before the cut-off time on 2 March 2026. As always, no fees apply when buying or selling units in our sub-funds. Please note that redemptions may be subject to tax. We recommend that you consult your financial adviser.
How you as an investor are affected
The updates will not have any foreseeable material impact on your investment and no rebalancing of either sub-fund’s portfolio is foreseen. The overall strategy and objective of each sub-fund remain unchanged, and the sub-funds’ risk profile and fees structure remain the same.
