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Fact sheet as of June 03, 2019
SEB European Opportunity Fund
The sub fund SEB European Opportunity Fund is a feeder fund. A minimum of 85 percent of its portfolio is invested in the master fund: T. Rowe Price Funds SICAV - European Equity Fund, which mainly invests in equities and equity-related securities in Europe.
Fund manager:  Dean Tenerelli, T. Rowe Price
Key Facts
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Base CurrencyEUR
Available Share ClassesEUR
Share ClassC (EUR)
ISIN-codeLU1121643750
Year of launch2015
Value at launch (EUR)100.00
Legal StructureUCITS
Fund Management CompanySEB Investment Management AB
Dividend
The share class does not pay dividends; the return is reinvested
Costs
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Management Fee1.50
Ongoing Charges*1.65
Entry FeeMax 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
No risk measures are calculated due to insufficient history
Investment Process

Investment universe

The main categories of financial instruments in the master fund are equities and equity-related securities from large and medium-sized companies that are incorporated in Europe or that conduct the majority of their business activity in Europe. The master fund is actively managed. The fund manager of the master fund is style agnostic and he looks for what he regards as quality companies across the investment universe. Derivatives instruments may be used in the master fund for hedging and efficient portfolio management. For more information about investment possibilities etc., please see the fund´s prospectus.

Investment team

The master fund, T. Rowe Price Funds SICAV - European Equity Fund, is managed by Dean Tenerelli at T. Rowe Price. He has more than 20 years of investment experience, and most of this time he has focused on European equities. Tenerelli is also supported by a sizable and strong analyst team that provides him with investment ideas and support.

Research

The fund manager at T. Rowe Price uses a proprietary fundamental research platform where analysts´ ratings and recommendations are available to the fund manager. The fundamental research consists of company analysis, industry analysis, company meetings with senior management and a valuation of the company from a multi-faceted approach. The analysis looks for companies with high returns on capital and capable of providing sustainable earnings across the market cycle. The fund manager also runs his own screening to identify attractive companies. Key in the process is also strong risk management policies. T. Rowe Price believes in consistency in controlling, monitoring and assessing risks through the entire investment process and the fund manager is ultimately responsible for the risk levels and exposures in the portfolio.

Portfolio construction

In the portfolio construction process the fund manager of T. Rowe Price Funds SICAV - European Equity Fund is also supported by an Investment Advisory Committee, which serves as an extra layer of expertise on research and portfolio management. The portfolio is built from a bottom up perspective and includes typically 50-80 holdings, but deviations can occur.

Performance
Currency: EUR        |        NAV: 110.39 (6/3/2019)        |        AuM (M EUR) : 1.85 (5/31/2019)
 Fund EURBenchmark
Return % EURFundBenchmark
Accumulated since  
1 day0.4-
1 month-3.6-
3 months0.5-
6 months4.7-
1 year-0.4-
3 years9.9-
5 years--
Year to date--
Average annual growth  
3 years3.2-
5 years--
CurrencyAdd benchmark
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Period
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Largest Positions*
% of Total  
 % of Total
T. Rowe Price European Eq S10 EUR99.8
* Last updated 31 May 2019. 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.
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