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Exchange traded funds (ETF)

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ETFs are increasingly gaining popularity in global financial markets. It is a cost-effective way to indirectly invest in the stocks of a specific region, sector, or commodity (e.g., gold, oil). Unlike mutual funds, ETFs have no entry or exit fees and stock transactions service charges apply when trading. Historically, stock markets have offered the highest rate of return, at the same time stock investments are generally also with a higher risk than the investment funds.

Features

 

  • Ability to trade in securities on various global markets
  • Low management fees and commissions
  • With this instrument you can quickly respond to market changes by real-time trading, i.e., buy or sell the units when you have a need
  • These funds are not actively managed; therefore, the return on investments directly depends on the general market trends
  • Fluctuations of the return on investments are higher in comparison to the change in the price of debt securities or units of traditional investment funds
  • It is traded on foreign markets; therefore, exchange rate fluctuations may influence the return on investments 
     

Pricing

Pricing of investment products depends largely on the market you are planning to invest in. However, you should consider with the following fees and charges:

  • Securities account opening
  • Brokerage fee when you buy or sell
  • Monthly safekeeping fee 
  • ETF’s ongoing charge
  • A financial transaction tax may apply in some countries

Opening of a securities account

Services Fees in Internet bank Fees at the Bank's branch
Opening of an intrabank securities account Free of charge 4.50 EUR 
Securities account opening in Central Securities depository 5.00 EUR 10.00 EUR

Transactions with securities listed in Latvia

Services Fees
Securities transfer from Initial Register (Deregistration of securities) 4.50 EUR
Securities transfer back to Initial Register 4.50 EUR
Free of payment (FOP) financial instrument delivery 7.00 EUR
Free of payment (FOP) financial instrument  delivery within SEB bank 2.00 EUR
Receive/delivery versus payment (DVP) 7.00 EUR
Receive/delivery versus payment (DVP) in non EUR currency 50.00 EUR
Receipt of securities Free of charge
Transfer of securities to shareholders' register of insolvent companies 4.50 EUR
Revocation of a securities transaction By agreement

Transactions with foreign securities

Services Fees
Free of payment (FOP) receipt/delivery and receive/delivery versus payment (DVP) for securities registered in Estonia and Lithuania 7.00 EUR
Free of payment (FOP) receipt/delivery and receive/delivery versus payment (DVP) of other securities 21.00 EUR
Free of payment (FOP) delivery within SEB bank 2.00 EUR
Revocation of a securities transaction By agreement
Processing of securities-related optional events 35.00 EUR

Securities holder's meetings

Services Fees
Blocking of securities for a securities holder’s meeting 2.00 EUR
Representation of a client at the securities holder’s meeting By agreement,
min 215.00 EUR

Securities account custody fee1

Services Fees
Monthly fee for debt securities of the Latvian Government 0,0025%, min 1.00 EUR
Monthly fee for other Latvian debt securities 0,0055%, min 1.00 EUR
Monthly fee for Latvian shares and investment fund units 0,0150%, min 1.00 EUR
Monthly fee for Estonian and Lithuanian securities 0,0150%, min 1.00 EUR
Monthly fee for debt securities registered in Euroclear/Clearstream system or in the USA 0,0100%, min 1.00 EUR
Monthly fee for securities stored in Swedish, Danish, Norwegian, Finnish, Austrian, British, Irish, German, Spanish, Italian, Swiss, French, Dutch, Belgian, Greek and Portuguese depositories 0,0150%, min 1.00 EUR
Monthly fee for securities stored in Polish, Hong Kong, Canadian, Japanese, Australian, Singaporean and the South African depositories 0,0200%, min 1.00 EUR
Monthly fee for securities stored in Bulgarian, Czech, Croatian, Kazakhstan and Hungarian depositories 0,0250%, min 1.00 EUR
Monthly fee for stocks of Russian companies for trading in the Russian Trading System 0,0750%, min 1.00 EUR
Monthly fee for securities stored in Bosnian, Rumanian, Serbian, Slovakian and Slovenian depositories 0,1000%, min 1.00 EUR
Monthly fee for the USA stocks 0,0150%, min 1.00 EUR
Monthly fee for storage of ADR/GDR 0,0250%, min 1.00 EUR
Monthly fee for securities stored in other foreign depositories By agreement
Monthly fee for storage of foreign investment fund units 0,0150%, min 1.00 EUR
Monthly fee for storage of other class of SEB mutual fund units, distributed by SEB bank 0,0150%
Monthly fee for storage of SEB U class mutual funds, distributed by SEB bank In accordance with U class price group administration fee
Monthly fee for account with no balance, and account with exclusively such Latvian securities the issuer of which is in insolvency, rehabilitation, bankruptcy or liquidation 1.00 EUR

Monthly administration fee for SEB U class mutual funds2, 3, 4

Monthly administration commission fee includes subscription, regular subscription, redemption, switch and storage of mutual fund units:

Services Fees
Price group 3 (equity funds, as well as Strategy Growth and Strategy Opportunity funds) 0.035%
Price group 2 (bond, as well as Strategy Defensive and Strategy Balanced funds) 0.035%
Price group 1 (money market and short bond funds) 0.035%

Commission for transactions with other class SEB mutual funds4

Services Fees
Regular subscription of mutual fund units5 Free of charge
Redemption of SEB mutual fund unit Free of charge
Switch Free of charge

Minimum amount for subscription and switch of SEB mutual fund units

1.00 EUR or equivalent in another currency

Preparing account statements

Services Fees in Internet bank Fees at the Bank's branch
Balance report for securities account Free of charge 4.00 EUR
Operation report for securities account Free of charge 4.00 EUR

Brokerage fees in the stock exchanges of the following countries6, 7, 8

Services Order has been submitted to the Internet bank Order has been submitted to a branch / to SEB bank`s brokers
Baltic shares 0,10%, min 1.00 EUR 0,50%, min 5.00 EUR
Scandinavian, German, French, Belgian, Dutch, Swiss, British, Spanish and Portuguese shares 0,25%,min 15.00 EUR 0,50%, min 35.00 EUR
USA shares 0,25%, min 15.00 EUR, fee cannot be less than 0.015 USD per share 0,50%, min 35.00 EUR, fee cannot be less than 0.03 USD per share
Canadian shares 0,25%, min 15.00 EUR, fee cannot be less than 0.02 CAD per share 0,50%, min 35.00 EUR, fee cannot be less than 0.04 CAD per share
Services Fees
Baltic debt securities (minimum amount - 1 000.00 EUR)9 0,2% of the amount, min 20.00 EUR
Eurobonds and bonds traded over-the-counter (OTC) (minimum amount - 25 000.00 EUR) 0,2% of the amount, min 50.00 EUR
Other securities By agreement
Penalty for delayed settlements 0,3% per each day from the full amount of transaction

SEB Bank is entitled to withhold state fees or similar payments and other third parties' commission fees.

1 Commission is calculated according to the market value of securities or face value at the end of the month, and it is set in the equivalent of EUR according to the currency exchange accounting rates set by the European Central Bank (or if necessary by the rates of the respective national central bank). A minimal fee is applied for securities stored in each country separately.

2 Regular payment orders or operations in Internet bank are possible only for those funds that are publicly distributed by SEB and indicated in SEB bank's home page.

3 Commission is calculated according to the market value of securities or face value at the end of the day, and it is set in the equivalent of EUR according to the currency exchange accounting rates set by the European Central Bank (or if necessary by the rates of the respective national central bank.

4 The maximum allowed subscription fee is indicated in prospectus regulating SEB mutual funds. In cases when maximum allowed subscription fee indicated in the prospectus exceeds the fee indicated in the pricelist, the smallest fee will be applied.

5 Subscription orders are not available.

6 Commission is charged in the currency or its equivalent in another currency according to the pricelist of SEB bank for an executed or partially executed transaction and it is calculated in accordance with the currency exchange rate set by SEB bank.

7 To apply a transaction to SEB bank’s brokers, the “Agreement on execution of financial instrument transactions” must be concluded.

8 Securities transactions are applicable to third parties’ commission fees. For example, fees of the respective country (0,3% of the transaction amount when purchasing securities issued in France and 0.2% when purchasing securities issued in Spain) or Stamp Duty, which is deducted from the amount of securities purchase transaction (0,1% for securities issued in Italy, 0,5% in the UK, 1% in Ireland). Rates are as of 10 September 2020, they are informative and may change over time.

9 Except for Eurobonds, which ISIN starts with XS.