Notice to the unitholders of SEB Strategy Fund – SEB Strategy Opportunity
We wish to inform you that between November 4 to 15, 2021 SEB Strategy Fund – SEB Strategy Opportunity will be merged with SEB Active 55.
The Merger will be achieved by absorption. When the merger is implemented, SEB Strategy Opportunity will no longer exist.
| Criteria | SEB Strategy Fund – SEB Strategy Opportunity (merging sub fund) |
SEB Active 55 (receiving sub fund) |
|---|---|---|
| Domicile | Luxembourg | Sweden |
| Fund Management Company | SEB Investment Management AB | SEB Investment Management AB |
| Risk level SRRI scale | 5 | 4 |
| Main categories of financial instruments | Equities, bonds and funds | Equities, bonds and funds |
| Subscription fees | LU1764038532 UC (EUR), none LU0660786806 C (EUR), 1% |
none |
| Redemption fees | none | none |
| Ongoing charges (included in the fund unit price) | LU1764038532 UC (EUR, 0,73% | SE0016076046 F (EUR), 0,78% |
| LU0660786806 C (EUR), 1,40% | SE0016076079 B (EUR), 1,45% | |
| Administration fee (per month) | LU1764038532 UC (EUR, 0,035% | SE0016076046 F (EUR), 0,035% |
| LU0660786806 C (EUR), 0% | SE0016076079 B (EUR), 0% | |
| Settlement fee (purchase, sale) | LU1764038532 UC (EUR, free of charge | SE0016076046 F (EUR), free of charge |
| LU0660786806 C (EUR), 3.20 | SE0016076079 B (EUR), free of charge | |
| Settlement fee (change of fund units, purchase of fund units with standing payment order of fundsaving) | free of charge | free of charge |
| Investment policy | An actively managed fund, invests primarily in bonds, equities, and funds investing in equities and bonds as well as hedge funds | An actively managed fund, investing primarily in equities, fixed income securities and funds. 40-70% of the fund’s assets may be invested in equities around the world |
| Benchmark | No official benchmark | Compositive benchmark |
| Currency hedging of unit classes | Applies full hedging | Applies partial hedging |
| Recommended investment period | At least 5 years | At least 3 years |
As of 15 November 2021, due to the terms and conditions of the standing payment order for fund saving agreement, your fund savings in SEB Strategy Opportunity fund will go to SEB Active 55, if you do not cancel the fund savings standing order before 15th November 14:00.
Unitholders of SEB Strategy Opportunity who do not wish to be included in the Merger are entitled to request, the redemption (ie submit sales order to the bank) of their shares until 4th November 2021 14.00. Unitholders who do not redeem their units in the merging sub fund before cut-off time 14:00 on 4 November 2021, will automatically receive units in the receiving fund SEB Active 55.
It is not possible to buy, sell or switch from November 4 to November 14 SEB Strategy Opportunity fund units. Also, the purchase transactions of the fund savings standing order falling during this period will not be executed or postponed. As of November 15, it is possible to trade only with the SEB Active 55 fund units.
If you have received our advice to invest in SEB Strategy subfund, please note that, as explained in more detail in this publication, each SEB Strategy subfund (Defensive, Balanced, Opportunity, Growth) will be merged to a specific SEB Active subfund (respectively Active 20, Active 30, Active 55, Active 80). If you want us to reassess whether the new SEB Active subfund is suitable to you, please register for advisory consultation with us; the reassessment will take place after November 15th.
Detailed information about the merger and new fund is available at the following SEB Group link: https://sebgroup.lu and upon request at the registered office of the Management Company.
