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Fact sheet as of December 04, 2023

SEB Global Fund

Marketing material

Fund manager: Marie-Anne Meldahl

Investment Philosophy

Generally accepted financial theory claims the investor is rational, the market is efficient and the only way to generate excess return is to assume higher market risk (beta). The investment team believes that higher market risk does not always result in a proportionally higher return, thus investors are not always fully compensated for assuming greater risk. This is substantiated by recent research. The investment team is also of the opinion that market information is generally not interpreted consistently by market actors. A structured, rule-based investment process is objective in evaluating market risk and market information. Accordingly, we believe this type of investment process provides the best chance of utilising these two anomalies in order to generate better-than-market returns.

Key Facts

key	value
Base Currency	USD
Share Class	C (USD)
ISIN-code	LU0030158231
Benchmark	MSCI World Net ...
Year of launch	1988
Value at launch (USD)	1.00
Legal Structure	UCITS
Fund Management Company	SEB Investment Management AB
Morningstar Rating (3 years) 31 Oct 2023
Turnover Ratio*	1.00

* 12 months rolling, last updated 31 Oct 2023

Dividend

The share class does not pay dividends; the return is reinvested

Costs

key	value
Management Fee	1.50
Ongoing Charges*	1.54
Entry Fee	Max 5%

* The ongoing charges includes the management fee and constitutes payment for fund management, including marketing and distribution. The ongoing charges does not include transaction costs such as brokerage commissions on securities transactions.

Risk Measures (USD)*

key	value
Standard Deviation (Fund)	17.4
Standard Deviation (Index)	17.6
Tracking Error	2.9
Active share **	73.4
Sharpe Ratio	0.4
Information Ratio	-0.8
Alpha	-2.1
Beta	1.0

* 36 months rolling, last updated 31 Oct 2023

** Active share measures the difference between the fund’s and the benchmark’s holdings. From 31 Oct 2023

Investment Process

Investment universe

The fund invests in equities and equity securities in different industries and regions worldwide. The broad investment mandate means that the risk is spread over many markets. The fund invests primarily in developed markets. The fund has relatively high level of active risk (tracking error) which means that the performance of the fund may deviate significantly compared to the return of the fund’s benchmark. Derivatives may be used to achieve investment objectives and facilitate fund management.

Research

The team uses a rule-based investment process based on evaluating the quality, profitability, valuation, sentiment, and risk profiles of individual companies which are potential investment objects. These factors form the basis for an objective ranking that identifies attractive companies. The team’s rule-based approach makes it possible to include all the companies in the investment universe in the evaluation process.

Portfolio construction

The portfolio is built from a bottom-up perspective. In constructing the portfolio, the team focuses on selecting the holdings that will result in the intended active exposure and risk profile for the portfolio. The investment team also aims to maintain diversification, efficient execution and cost-effective implementation. The team aims to create a portfolio with lower absolute risk than the fund’s benchmark without forgoing the anticipated yield.

Investment team

The fund is managed by the Global Equities team (QPM) within SEB Investment Management AB. The team, based in Stockholm, employs a rule-based systematic and disciplined investment process.

Performance (USD)

Currency: USD | NAV: 5.89 (2023-12-04) | AuM (M USD) : 671.59 (2023-10-31)

SEB Global Fund (FundUSD)

MSCI World Net Return Index (Benchmark, )

	Fund USD	Benchmark
Return % USD	Fund	Benchmark
Accumulated since
1 day	0.7	-0.5
1 month	5.4	5.1
3 months	0.0	1.6
6 months	4.2	6.1
1 year	8.7	12.6
3 years	16.3	20.1
5 years	45.0	63.0
Year to date	13.4	18.1
Average annual growth
3 years	5.2	6.3
5 years	7.7	10.3

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Period

Largest Positions*

% of Total

	% of Total
Apple	3.9
Microsoft	2.8
PepsiCo	2.2
Visa	2.2
Alphabet	1.8
NVIDIA	1.7
Hershey	1.7
Marsh & McLennan Cos Inc	1.7
Wal-Mart Stores Inc	1.6
Amazon.com	1.4

* Last updated 29 Sep 2023. Source: SEB

* Numbers are absolute, not relative

Sector Allocation*

* Last updated 31 Oct 2023. Source: SEB

* Numbers are absolute, not relative

Other Information

As of 2 November 2016, the fund´s Management company is SEB Investment Management AB.

All figures net of fees.

This material is prepared by SEB and contains general information regarding financial instruments marketed, sold or solicited by SEB. SEB is the global brand name for Skandinaviska Enskilda Banken AB (publ), its subsidiaries and affiliated companies. Neither this material nor the products described in it are intended for distribution or sale in the United States or to US persons, and any such distribution is not allowed. The offering of shares or units in the funds may also be restricted in other jurisdictions. This document may not be used to make an offer or solicitation with respect to the sale of shares or units where such an offer or solicitation is unlawful. Although the information in this material is based on sources deemed by SEB to be reliable, SEB assumes no liability whatsoever for incorrect or missing information or for any loss, damage or claim arising from the use of this material. Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. If you or a fund invests in financial instruments denominated in a foreign currency, changes in currency exchange rates can affect the return on the investment. SEB makes no representation that funds whose share or unit classes aim at hedging the fund’s return from changes in currency exchange rates will succeed in achieving this. Any tax information in this material is based on regulations valid as per the date of this presentation and may be subject to change. Note that any tax information in this material is general. Kindly contact your SEB investment advisor for tax and investment advice appropriate for your situation. You are fully and solely responsible for your investment decision. This material is not intended for or suitable as the sole basis for investment decisions. Instead, you should base your decision on the information in the fund’s product documentation, including its fact sheet, Key Information Document, fund regulations and prospectus. These are available on www.sebgroup.lu/funds.

Tuesday, December 5, 2023 6:49:43 PM