1 Prospectus SEB Sustainability fund Global RCS number K58. November 2017. Important Note No information or statements that deviate from the Prospectus or Management Regulations may be given. SEB Investment Management AB shall not be liable for any information provided or statements given that deviate from this Prospectus . information and statements in this Prospectus are based on the current laws and practices in the Grand Duchy of Luxembourg and are subject to any amendment of these laws and practices. The distribution of the Prospectus and the offering for sale of unit classes of this fund is restricted in some jurisdictions. It is the responsibility of each person who possesses this Prospectus and each person who wishes to subscribe to the units in accordance with this Prospectus to find out about all applicable laws and regulations of the relevant judicial systems, and to observe them. Future investors should inform themselves on the legal requirements and consequences of unit subscriptions, ownership, conversion and sale of units and any applicable exchange rate control regulations and taxes in the countries of their nationality, their domicile or their place of residence.
2 This Prospectus is only valid, when used in connection with the applicable KIID, the Management Regulations and the audited annual report of the fund , the report date of which must not be older than 16 months. This report should be accompanied by the un-audited semi-annual report of the fund , if the annual report date is older than eight months. This Prospectus does not constitute an offer or solicitation to subscribe to units to persons in jurisdictions where it is unlawful to make such an offer or solicitation or in which the person who issues such an offer or solicitation is not qualified to do so, or to persons to whom the making of such an offer or solicitation is unlawful. In some countries a translation of the Prospectus may be required. Should discrepancies between the translation and the English version of this Prospectus arise, the English version shall prevail. -2- Table of Contents I. The fund .. 7. 1. GENERAL information .
3 7. 2. PARTIES .. 8. Presentation of involved Parties .. 8. Description of the Parties .. 10. The Management Company .. 10. The Central Administration and Paying Agent .. 10. The Investment 11. Global Distributor .. 11. Depositary .. 11. 3. INVESTMENT OBJECTIVE AND POLICY .. 14. Eligible assets .. 15. Investment restrictions applicable to eligible assets .. 19. Unauthorized investments .. 23. Efficient portfolio management techniques .. 24. Securities Lending .. 24. Repurchase and reverse repurchase transactions .. 25. Counterparty selection .. 26. Collateral management .. 26. 4. RISK information .. 29. General Remarks on Risk .. 29. Risk factors .. 29. Risk management process .. 33. Investor Profile .. 33. 5. UNITS .. 34. Unit Classes .. 34. Investor groups .. 34. Available currencies .. 35. Dividend policy .. 35. Hedging 35. Available classes .. 36. Registered Units .. 36. Issue of Units .. 36. Restrictions on the Issue of Units.
4 37. Anti-money laundering procedures .. 38. Late trading and market timing .. 39. Redemption of Units .. 39. Compulsory redemption of Units .. 40. Conversion of Units ..40. Cut-off Time .. 41. 6. CHARGES .. 41. 7. NET ASSET 42. 8. MERGER .. 42. 9. LIQUIDATION OF THE fund .. 43. 10. TAXATION OF THE fund AND OF THE 43. 11. information FOR UNITHOLDERS .. 47. Prospectus , Management Regulations and KIID .. 47. Reports and Financial Statements .. 47. Issue and redemption prices .. 47. Notices to Unitholders .. 47. Unitholders' rights against the fund .. 47. Policies ..48. 12. DATA PROTECTION .. 50. -3- 13. APPLICABLE LAW , JURISDICTION AND GOVERNING LANGUAGE .. 51. -4- Glossary of terms The following summary is qualified in its entirety by reference to the more detailed information included elsewhere in this Prospectus . Base Currency the currency of denomination of the fund being the euro (EUR). Central Administration The Bank of New York Mellon (Luxembourg) Class / Unit Class the Management Company may decide to issue separate classes of units which assets will be commonly invested but where a specific entry or exit charge structure, minimum investment amount, distribution policy or any other feature may be applied Collateral Policy The collateral policy for OTC derivatives & efficient portfolio management techniques for SEB Investment ManagementAB.
5 Commitment method The commitment method calculates all derivative exposure as if they were direct investments in the underlying positions after consideration of netting or hedging. The total exposure to markets deriving from Derivatives may not exceed 100% of the Net Asset Value of the Sub- fund so that the Global exposure of the Sub- fund to the equity, bond and money markets may not exceed 200% of the Net Asset Value of the Sub- fund . CSSF Commission de Surveillance du Secteur Financier Depositary Skandinaviska Enskilda Banken Directive 2009/65/EC Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended from time to time EU European Union ESMA European Securities and Markets Authority, previously the Committee of European Securities Regulators FATCA US Foreign Account Tax Compliance Act FATF Financial Action Task Force Finansinspektionen the Swedish Financial Supervisory Authority fund SEB Sustainability fund Global is organised under the Law as a common fund (FCP fonds commun de placement).
6 Institutional Investor An undertaking or organisation, within the meaning of Article 174 of the Law such as credit institutions, professionals of the financial sector including investment in their own name but on behalf of third parties who are also investors within the meaning of this definition or pursuant to a discretionary management agreement - insurance and reinsurance -5- companies, pension funds, Luxembourg and foreign investment schemes and qualified holding companies, regional and local authorities. KIID key investor information documentof a Unit Class Law the Luxembourg law of 17 December 2010 on undertakings for collective investment, as amended from time to time Management Company SEB Investment Management AB, acting directly or through the Branch, as the case may be Management Regulations the management regulations of the fund as amended from time to time Member State a member state/states of the EU. The states that are contracting parties to the Agreement creating the European Economic Area other than the Member States of the EU, within the limits set forth by this Agreement and related acts, are considered as equivalent to Member States of the EU.
7 NAV - Net Asset Value per Unit the value per Unit of any Class determined in accordance with the relevant provisions described in this Prospectus and the Management Regulations OECD Organisation for Economic Co-operation and Development Prospectus the currently applicable Prospectus of the fund , as amended and updated from time to time RCS Luxembourg companies register, Registre de Commerce et des Soci t s Reference Currency the currency of denomination of the relevant Unit Class RESA Recueil Electronique des Soci t s et Associations - Luxemburg official registration platform. SEB Group Skandinaviska Enskilda Banken AB (publ) and all its subsidiaries UCI Undertaking for Collective Investment UCITS Undertaking for Collective Investment in Transferable Securities Unitholder the holder of Units in the fund Units units of the fund Valuation Day the day on which the NAV per Unit is calculated This day is defined as any bank business day in Luxembourg except 24 December and 31 December (.)
8 Website of the Branch -6- I. The fund 1. General information SEB Sustainability fund Global (hereinafter the fund ) is an open-ended common fund ( FCP Fonds commun de placement ) registered under Part I of the Law. The fund qualifies as an Undertaking for Collective Investment in Transferable Securities (UCITS). The fund was set up on 19 February 1992, for an undetermined duration. The fund is registered at the Luxembourg Register of Commerce under the number K 58. The Management Regulations lastly modified with effect from 20 September 2017. have been published in the Recueil Electronique des Soci t s et Associations (RESA) on 19 October 2017. The fund 's assets composed of transferable securities and other eligible assets, are managed by the Management Company, SEB Investment Management AB. The Management Company invests the money placed in the fund in its own name for the joint account of the investors ("Unitholders"), according to the principle of risk spreading, in securities, money market instruments and other eligible assets.
9 The proceeds received from the issue of Units and the assets acquired constitute the net assets of the fund . Such assets will be held separately from the assets of the Management Company. This Prospectus is only valid, when used in connection with the applicable KIID, the Management Regulations and the latest available audited annual report of the fund . As joint owners, Unitholders share the fund 's net assets in proportion to the number of Units they hold. All fund Units have the same rights.. -7- 2. Parties Presentation of involved Parties Management Company SEB Investment Management AB. Registered office: SE-106 40 Stockholm Visiting address: Stj rntorget 4. 169 79 Solna Sweden Board of Directors of the Management Company Chairperson Johan Wigh Advokat, Managing Partner Advokatfirman T rngren Magnell KB. Sandemarsv gen 18. 122 60 Enskede Sweden Members Magnus Wallberg, Chief Financial Officer, Life and Investment Management Division Skandinaviska Enskilda Banken AB (publ), Sweden Karin Thorburn professor in Finance at the Norwegian School of Economics in Bergen Starefossveien 58 A.
10 5019 Bergen Norway Jenny Askfelt Ruud Advisor to Ratos AB. ppelviksv 5. 167 53 Bromma Sweden Central Administration (including The Bank of New York Mellon SA/NV, Administration, Registrar and Luxembourg Branch Transfer Agent) and Paying 2-4, rue Eug ne Ruppert Agent in Luxembourg L-2453 Luxemburg Global Distributor Skandinaviska Enskilda Banken AB (publ). Kungstr dg rdsgatan 8. S-106 40 Stockholm -8- Depositary Skandinaviska Enskilda Banken 4, rue Peternelchen L-2370 Howald Representatives and Paying A full list of representatives and paying agents Agents outside Luxembourg outside Luxembourg is available free of charge at the address of the Management Company, at the address of the Branch and on the Website of the Branch Approved Statutory Auditor of PricewaterhouseCoopers, Soci t coop rative the fund (hereinafter the 400, route d'Esch "Auditor") L-1014 Luxemburg Branch SEB Investment Management AB, Luxembourg Branch 4, rue Peternelchen L-2370 Howald -9- Description of the Parties The Management Company The fund is managed on behalf of the Unitholders by the Management Company, SEB Investment Management AB.