Change to the portfolio duration for SEB Fund 4 – SEB USD Currency Fund
The average portfolio duration for SEB USD Currency Fund, a sub-fund of SEB Fund 4, has changed. The previous average duration was a maximum of 1 year, and the new average duration varies between 1 and 3 years. This change will take effect 1 December 2022.
The change is motivated by the need to clarify that the sub-fund is not a money market fund (MMF). The above-mentioned change does not include the sales of any positions, therefore, there will not be any rebalancing costs involved.
Customers not required to act due to these changes, and the value of the units in the sub-fund will not be affected. If customers do not wish to remain invested in the sub-fund, units can be redeemed free of charge until 30 November 2022.
More information is available on the web page of SEB group.