SEB Eastern Europe Small and Mid Cap Fund

Fact sheet as of 16 October, 2019

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. Key investor information documents and prospectuses are available on

This actively managed fund focuses on small and mid-sized companies in Eastern Europe including Russia and countries in the surrounding region. The fund may also invest in equities and equity related transferable securities issued by small and mid-sized companies that are listed or traded on a regulated market in the eligible countries or that conduct a tangible part of their economic activity in eligible countries across eastern Europe.


The fund is managed by SEB's Eastern European team at AS SEB Varahaldus, with Alo Kullamaa and Pavel Lupandin as the lead portfolio managers.

Performance (EUR)

NAV: 4.87 EUR (10/16/2019). AuM (M EUR):124.58 (9/30/2019)
When calculating the returns the inflation is not taken into account

Return % EUR

Fund Benchmark*
1 day -0.20 0.72
1 month -4.88 -2.57
6 months 9.65 7.82
1 year 15.74 -
2 years 5.09 -
3 years 36.99 -
5 years 101.16 -
Year to date 22.93 21.08
Average annual growth
3 years 11.06 -
5 years 15.00 -

* Benchmark, including dividends

Sector allocation*

*Last updated 10/31/2016. Source: SEB

Largest positions1 Share  %

QIWI plc 6.7
Sistema PJSC FC 5.5
Halyk Savings Bank of Kaza.. 5.3
Gazprom 4.7
Sberbank of Russia 4.7
Purcari Wineries PLC 4.4
Addiko Bank AG 3.8
Nova Ljubljanska Banka dd 2.7
MMC Norilsk Nickel 2.6
1Last updated 9/30/2019. Source: SEB

risk measures 1

Standard Deviation (Fund)15.4
Standard Deviation (Index)-
Tracking error-
Sharpe Ratio0.33
Information Ratio-
Active share84.52
124 months rolling. Last updated 30 September, 2019
2Active share measures the difference between the fund’s and the benchmark’s holdings. From 9/30/2019

Other information

AS of 23 November 2018, the fund's name and investment strategy changed and a benchmark was added. As of 2 November 2016, the fund´s Management company is SEB Investment Management AB. SEB works actively with sustainability and follows the UN Principles for Responsible Investments. Read more at

SEB Eastern Europe Small and Mid Cap Fund, 16 October 2019

Key Facts

Year of launch1998
Value at launch (EUR)10.00
BenchmarkMSCI Emerging Markets Europe 10/40 Index (Net Return)
Fund Management CompanySEB Investment Management AB
Risk Level (SRRI-scale 1-7)5
Base CurrencyEUR
Share ClassC (EUR)
Legal StructureUCITS
Morningstar rating
Turnover Ratio0.801
Use of derivativesYes2
1From 9/30/2019
2Derivatives may be used to achieve investment objectives or for hedging.


Non-distributing share class

Costs %

Management Fee1.75
Entry FeeNone
Ongoing Charges11.852
1The ongoing charges include the management fee and constitute payment for fund management, including marketing and distribution. The ongoing charges do not include transaction costs such as brokerage commissions on securities transactions.
2From 15/02/2019

More information

Welcome to contact your financial advisor for more information or visit

Important information

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 Investor Information Document, fund regulations and prospectus. These are available on Saturday, October 19, 2019 3:09:58 PM