Fuldst 0 3ndigt prospekt Investeringsforeningen SEBinvest Korte Obligationer



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1 3 Fuldst 0 3ndigt prospekt Investeringsforeningen SEBinvest Korte Obligationer Ansvar for prospektet s 0 7 0 9 0 1 6 8 0 7 0 5 0 7 0 6 0 7 0 5I~ 0 4 0 1 0 5 0 2 0 2 0 0 0 7 0 2 0 7 0 4 0 5 0 7 0 9 0 7 0 4 0 5 0 2 0 7 0 9 0 7 0 2 0 5 0 7 0 0 0 0 0 7I~ 0 4 0 5 0 7 0 9 0 7 0 4 0 5 0 2 0 7 0 9 0 7 0 2 0 5 0 9 0 9 0 7 0 7 0 2 0 7 0 5 6 8 0 5 0 7 0 0 0 7 0 5 0 2 0 5 0 1~ 0 5 0 7 0 1 0 5 0 7 I 0 5 0 7 0 6 0 1 0 9 0 2 0 2 0 7 0 5 0 4 0 6~ 0 2 0 5 0 9 0 7 0 5 0 7 0 2 0 1 0 1 0 7 0 5 0 7I 0 5 0 4 0 0 0 4 0 5 0 7 0 9 0 7 0 5 0 9~ 0 1 0 0 0 6 0 7I 0 5 0 7 0 2 0 5 0 7 ~ ~ 0 1 0 1 0 7 0 7 0 1 0 7 0 6~ 0 2 0 7 0 4 0 1 0 5 0 2 0 2 0 0 0 7 0 2 0 7 0 5 0 7 0 1 0 5 0 7 0 5 0 4 0 4 0 9 0 4 0 1 0 1 0 7 I 0 7 0 6 0 5 0 4 0 2 0 5 0 4 0 4 0 9 0 4 0 1 0 1 0 7 0 4 0 0~ 0 2 0 5 0 7 0 2 0 7 0 2 0 7 0 5 0 4 0 9 0 0 0 7 0 2 0 7 0 7 0 0 0 7 0 5 ~ 0 0 0 7 0 4 0 5 0 7 0 9 0 7 I 0 4 0 0~ 0 4J 0 5 0 7 0 9 0 7 0 2 0 5 0 7 0 5 0 4 0 1 0 5 0 7 ~ 0 1 0 1 0 7 0 6 6 8 0 5 0 7 0 2 0 1 0 0 0 7 0 4 0 1 0 5 0 2 0 2 0 0 0 7 I 0 5 0 4 0 0 0 9~ 0 2 0 5~ 0 6 0 7 0 2 0 7 0 5 0 2 0 2 0 0 0 5 0 4 0 4 0 7 0 2 0 7 0 1J 0 1 0 7 0 0 0 7 0 5 0 1 0 7 0 0 0 0 0 7 K h 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2I 0 5 0 7 0 2OOK 0 5 0 7 0 2 ~ OMMT _ 0 7 0 5 0 7 0 1 0 5 0 7 0 2 0 5 0 4 f 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 2pb_ 0 2 0 6 0 7 0 5 g 0 7 0 2 0 5c 0 7 0 5 0 7 0 9g 0 7 0 2 0 5 0 7 0 2 c ~ 0 2 0 9r 0 5 0 7 0 2 0 5 0 4 0 1 E_ 0 7 0 5 0 7 0 1 0 5 0 7 0 5 0 5 0 4 0 0~ 0 2 0 5F m 0 7 0 2 0 7 0 2h 0 7 0 1 o 0 4 0 1 0 5k 0 4 0 5 ~ 0 2 0 5 e 0 7 0 2 0 9t 0 7 0 5 0 7 0 0~~ 0 5

1 3 Indholdsfortegnelse Ansvar for prospektet 1 Indholdsfortegnelse 2 Basisoplysninger 3 Investeringsstrategi og -rammer 5 Depotselskab 7 Risikofaktorer 8 Omkostninger og samarbejdsaftaler 9 Udbud og tegning 11 Investeringsforeningsbevisernes rettigheder 13 Beskatning 14 0 1vrige oplysninger 15 Investeringsforeningen SEBinvest - Korte Obligationer 2

1 3Basisoplysninger Navn og adresse f 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 2pb_ 0 2 0 6 0 7 0 5 E 0 5 0 7 0 7 0 5 0 7 0 9~ 0 1 0 5 0 7 0 4c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 4F i~ 0 2 0 5 0 7 0 0 6 8 0 9 0 7 NM NNNVh 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2h q 0 7 0 1 0 7 0 5 0 4 0 2WTMNPNPOS bj 0 0~ 0 1W 0 2 0 5 0 4] 0 5 0 7 0 2 0 2 0 6 0 7 0 5 K 0 5 0 9 Registreringsnumre fc 0 2~ 0 2 0 5 0 1 0 5 0 2 0 7 WcqNNKNMT fb 0 5 0 6 0 7 0 6 0 5JCp 0 7 0 1 0 5 0 9~ 0 2 0 5 0 5 0 7 0 1 0 5 0 7 0 2W `so 0 2 KONMMQVTV Stiftelse c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 7 0 5 0 5 0 7 0 5 0 7 0 2NK 0 1 NVVU 6 4 0 2 ~ 0 6~ 0 5p 0 9~ 0 2 0 5 0 2~ 0 6 0 5 0 9~b 0 2 0 5 0 9 0 1 0 5~_~ 0 2 0 9 0 7 0 2 E 0 5 0 1K` 0 4 0 5~ 0 2_~ 0 2 0 9F 0 4 0 0 0 5~ 0 5 0 4 0 5 0 7 0 2NN~ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 W Afdelingsnavn: SE nr.: Stiftelsesdato: Afdeling 1 C Europ 0 3iske Aktier 21 31 70 04 1. juli 1998 Afdeling 2 C Mellemlange Obligationer 21 31 68 49 9. november 1998 Afdeling 3 C Europa Stockpicking 11 80 76 15 8. oktober 1999 Afdeling 7 C Danske Aktier 11 80 77 12 8. oktober 1999 Afdeling 8 C Korte Obligationer 11 80 77 20 8. oktober 1999 Afdeling 10 C V 0 3kst Temaer 11 80 75 69 8. oktober 1999 Afdeling 11 C Pension Kort 11 88 34 19 1. november 2000 Afdeling 12 C Pension 2020 11 88 33 62 1. november 2000 Afdeling 13 C Pension 2030 11 88 34 27 1. november 2000 Afdeling 14 C Lange Obligationer 29 38 29 48 3. juli 2006 Afdeling 15 C Danske Aktier Akkumulerende 29 76 33 72 18. oktober 2006 ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 7 0 5 0 7 0 2 0 6 0 7 0 2 0 5 0 7 0 5 0 0 0 1 0 4 0 5 0 5 0 7 0 2 J 0 1 0 0 0 5 0 7 0 5 0 7 0 2K Prospektets offentligg 0 3relse k 6 8 0 6 6 8 0 7 0 2 0 5 0 7 0 4 0 5 0 7 0 9 0 7 0 4 0 5 0 5 0 7 0 2 0 1 0 0 0 0 0 4 0 5 0 7 0 2OOK 0 5 0 7 0 2 ~ OMMTK Form 0 2l c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 5 0 4 0 0 6 4 0 1 0 7 0 5 ~ 0 7 0 2 0 6 0 5 0 7 0 7 0 9 0 7 0 5 0 5 0 7 0 1 0 1 0 7 0 4 0 5 0 5 0 7 0 2 0 1 0 0 0 5 0 7 0 5 0 7 0 2~ 0 0 0 4 0 5 ~ 0 0 0 7 0 0 0 5 0 1 0 7 I 0 5 0 4 0 0 0 2 0 5 0 7 ~ 0 0 ~ 0 0 0 7 0 1 0 5 0 7~ 0 5 0 7 0 2J 0 3 0 4 0 0 0 5 0 9 0 4 0 5 0 7 0 5 0 2 0 2 0 0~ 0 2 0 2 0 2 0 0 0 7 0 5 0 6 6 8 J 0 5 ~ 0 7 0 4 0 6 0 7 0 7 0 2 0 5 0 5 0 7 0 0 0 0 0 7 0 1 0 5 0 7 0 0 0 7 0 5 0 7 0 0J 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 4 0 0 0 5 0 7 0 3 ~ 0 1 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 5~ 0 0 ~ 0 2 0 5 0 7 0 9 0 4 0 1 0 1 0 7 0 9 0 6 0 7 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 4 0 5J 0 2 0 2 0 0 0 7 0 0K 0 6KI 0 4 0 0 6 4 0 5 0 4 0 1~ 0 2 0 0 0 7 0 2 0 5 0 7~ 0 5 0 7 0 2 0 5 0 7 0 1J ~ 0 0 0 7 ~ 0 2 0 5 0 1 6 9 0 5 0 7 0 5 0 7 0 1 ~ 0 0 0 7 0 7 0 2 0 5~ 0 2 0 5 0 7 0 1~ 0 5 0 5 0 4 0 0 0 7 0 2 0 0 0 7 0 5 0 0 0 5 0 1 0 7 I 0 5 0 7 0 5 0 5 6 9 0 7 0 5 ~ 0 5 0 7 0 2 0 2 0 7K c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 4 0 0 0 5~ 0 7 0 5 0 2 0 7 0 2 0 7 ~ 0 1 0 7 0 2 0 5 0 7 0 5 6 4 0 6 0 7 0 1 0 5 0 4 0 0~ 0 9 0 9 0 0 0 1 0 7 0 7 0 2 0 5 0 7~ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 K c 0 4 0 5 0 1 0 4 0 5 0 5 0 7 0 2 0 5 0 7~ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 5 0 4 0 7 ~ 0 0 0 7 0 5 0 7 0 2 0 5 0 1 0 4 0 5 0 2 0 2 0 0I 0 5 0 7 0 4 0 5 0 1 0 5 0 7 0 5 0 7 0 1 0 0 0 2 0 2 0 0 0 5 0 1 0 4J 0 6 0 7 0 2 0 5 0 1NS`~ 0 2 0 5 6 9 0 7 0 9 ~ 0 6 0 1 0 0 0 2 0 0 0 0 0 5J 0 5 0 1 0 4 0 5 0 2 0 2 0 0 0 7 0 2K 0 1 0 7 0 2 0 7 0 9~ 0 7 0 1NP 0 4 0 0NQ 0 1 0 4 0 6 0 4 0 0 0 2 0 6 0 7 0 5 0 7J Fuldst 0 3ndigt prospekt 22. februar 2007 3

1 3 Bestyrelse Jens Frederik Jensen, formand Statsautoriseret revisor Preben Keil Direkt 0 3r i Maestro of Information Technologies Frank Uhrenholt Adm. direkt 0 3r for Faurskov Gods A/S Rolf Norstrand Direkt 0 3r i Ejendomsforeningen Danmark Henrik Westergaard Adm. direkt 0 3r for Sparekassen 0 1stjylland Administrationsselskab f 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 6~ 0 1 0 2 0 2 0 0 0 5 0 5 0 7 0 1 0 5 0 9~ 0 2 0 7 pb_ 0 2 0 6 0 7 0 5 ^Lp E 0 5 0 7 0 7 0 5 0 7 0 9~ 0 1 0 5 0 7 0 4^ 0 5 0 0 0 2 0 5 ~ 0 4 0 4F i~ 0 2 0 5 0 7 0 0 6 8 0 9 0 7 NM NNNVh 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2h q 0 7 0 1 0 7 0 5 0 4 0 2PPTSNQNU `so 0 2 KOMUSOOPU a 0 7 0 9 0 4 0 2Wk 0 7 0 1 0 5g 6 9 0 0 0 7 0 2i~ 0 5 0 7 0 2 Revision p ~ 0 5~ 0 4 0 5 0 7 0 7 0 7 0 6 0 5 0 4 g 0 4 0 5 0 2i~ 0 5 0 7 0 9~ 0 1 a 0 7 0 1 0 4 0 7 p ~ 0 5~ 0 4 0 5 0 7 0 7 o 0 7 0 6 0 5 0 4 0 2 0 5~ 0 9 0 7 0 5 0 7 0 1 0 5 0 9~ 0 2 t 0 7 0 5 0 7 0 9~ 0 0 0 5 0 0~ 0 5 0 7S OPMMh 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2p Depotselskab p 0 9~ 0 2 0 5 0 2~ 0 6 0 5 0 9~b 0 2 0 5 0 9 0 1 0 5~_~ 0 2 0 9 0 7 0 2^Lp E 0 5 0 7 0 7 0 5 0 7 0 9~ 0 1 0 5 0 7 0 4a 0 7 0 4 0 2~ 0 2 0 9 0 7 0 2 0 4F i~ 0 2 0 5 0 7 0 0 6 8 0 9 0 7 NM NNNVh 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2h `so 0 2 KSRORVNNT Jerichausvej 9 3630 J 0 3gerspris Bukkeballevej 32 2960 Rungsted Kyst Teglg 0 2rdsparken 106 5500 Middelfart N 0 3rre Voldgade 2 1358 K 0 3benhavn K c/o Sparekassen 0 1stjylland Frankrigsvej 11 8450 Hammel Investeringsforeningen SEBinvest - Korte Obligationer 4

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1 3Beskatning ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 2 0 7 0 5 0 9~ 0 7 0 5 0 9 0 9 0 7 0 5 0 7 0 1 0 6 0 5 6 8 0 2 0 5 0 0 K r 0 5 0 1 0 4 0 5 0 2 0 2 0 0 0 4 0 0 0 9 0 5~ 0 6~ 0 2 0 3 0 7 6 4 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2 0 0 0 5~ 0 2 0 5 0 7 0 1 0 7 0 2 0 7 0 5 0 9~ 0 7 0 5 0 5 0 4 0 5 0 0 0 7 0 5 0 1 0 7 0 0 0 0 0 7 0 2 0 7 0 7 0 5 0 7 0 5 0 7 0 5 0 7 0 5 0 4 0 0 6 8 0 1 0 5 0 7 0 2 0 5 0 7 0 7 0 0 0 1 0 7 K Private midler (ej pensionsmidler) r 0 5 0 2 0 7 0 5 ~^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 5 ~ 6 8 0 9 0 9 0 7 0 5 0 2 0 0 0 7 0 2~ 0 3 0 4 0 2 0 4 0 5 0 9~ K 0 7 0 5 0 5 0 2 0 7 0 5~ 0 0 0 9 0 5 0 6 6 8 0 5 0 7 0 2~ 0 5 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 2 0 7 0 6 0 5 0 7 0 1 0 0 0 4 0 2 0 5 0 2 0 7 0 7 0 7 0 5 0 1ph^qKp 0 9~ 0 7 0 0 0 2 0 5 0 0 0 5 0 7 0 5 0 7 0 2 0 7 0 5~ 0 5 0 7 0 5 0 4 0 5 0 7 0 2 6 9 0 5 0 6 0 7 0 2 0 5 0 0 0 7 0 4 0 1 0 5 0 2 0 2 0 0 0 7 0 1~ 0 2 0 7 0 5 0 9~ 0 7 0 5 0 5 0 2 0 7 0 9 0 4 0 7 0 9 K ^ 0 6~ 0 2 0 3 0 7 0 6 0 7 0 5 0 5~ 0 1 0 0~ 0 5^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 5 0 2 0 7 0 6 0 5 0 7 0 2 0 7 0 5 0 9~ 0 7 0 5 0 5 0 4 0 0 0 9~ ~ 0 1 0 2 0 5 0 9 0 4 0 0 0 5 K q~ 0 2 0 6 0 7 0 5 0 5~ 0 1 0 0 0 9~ 0 2 0 9 0 9 0 7 0 5 ~ 6 8 0 9 0 9 0 7 0 5 0 9~ ~ 0 1 0 2 0 5 0 9 0 4 0 0 0 5 0 7 0 2K a 0 5 0 9~ 0 1 0 5 0 7 0 1 0 6 0 5 6 9 0 0 0 7 0 5 0 4 I~ 0 4 0 0 6 9 0 7 0 5 0 2 0 5 0 9~ 0 7 0 1 0 0 0 0 0 7~ 0 6~ 0 2 0 3 0 7 0 1 0 5 0 7 0 1 0 6~ 0 2 0 0 0 6 0 7 0 1 0 5 0 7 0 2I 0 5 0 7 0 5 0 5 0 5 0 7 0 4 0 1 0 5 0 2 0 2 0 0 0 7 0 9 0 9 0 7~ 0 4 0 0~ 0 5 0 9 0 2 0 5 0 2 0 7 0 7 0 7 0 5K _ 6 9 0 2 0 4 0 0 0 2 0 0 0 7 0 2 0 5 0 7 NU 6 4 0 9~ 0 2 0 4 0 0 0 5 6 4 0 2 0 6 0 7 0 5 0 7 0 7 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 2 0 7 0 6 0 5 0 7 Ka 0 7 0 0 6 8 0 1 0 5 0 7 0 5 0 4 0 0 0 5 6 8 0 1 0 0 0 7 0 7 0 0 0 1 0 7 0 5 0 4 0 2 0 7 0 5 0 9~ 0 2 0 2 0 0 ~ 0 5 0 5 0 7 0 2 0 5 0 4 0 1 0 5 0 5 0 6 0 5 0 5 0 2 0 7 0 4 0 0~ 0 6~ 0 2 0 3 0 7 I 0 5 0 4 0 0 0 5 0 5 0 9~ 0 1 0 6 6 8 0 7 0 4 0 0 6 8 0 9 0 5 0 4 0 0 6 4K Pensionsmidler f 0 2 0 6 0 7 0 5 0 7 0 2 0 0 ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 5 0 2 0 7 0 6 0 5 0 7 0 0 0 7 0 2 0 2 0 7 0 0 0 7 0 2 0 9~ ~ 0 1 0 7 0 2 0 5 0 4 0 2I 0 7 0 2 ~ 0 7 0 7 0 2 0 5 0 4 0 2 0 7 0 1 0 1 0 7 0 7 0 2 0 5 0 7 0 1 0 6 0 7 0 2 0 5 0 4 0 2 0 2 0 7 0 5 0 9~ 0 7 0 5 0 5 0 7 0 1 0 6 0 5 6 8 0 2 0 5 0 0 0 4 0 0 0 7 0 5 0 7 0 1 0 6~ 0 2 0 0 0 6 0 7 0 1 0 5 0 7 0 2 0 6 0 7 0 5 0 9 0 4 0 0 0 0 0 7 0 2 0 5 0 7K r 0 5 0 2 0 7 0 2 0 7~ 0 5 0 5 0 2 0 7 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 2 0 7 0 6 0 5 0 7 0 5 6 8 0 7 0 5 0 2 0 5 6 4 0 7 0 2 0 5 0 4 0 2 0 5 0 9 0 4 0 2 0 4 0 7 0 2 0 5 0 7 0 2 0 5 ~ 0 5 ~ 0 0~ 0 5~ 0 3 0 4 0 2 0 4 0 5 0 9~ Ka 0 7 0 5~ 0 0 0 1 0 7 0 5 0 7 ~ 0 5 0 9~ 0 5 E 0 5 6 4 0 6 0 7 0 1 0 7~ 0 1 0 5 0 7 0 7 0 5 0 7 0 5 0 4 0 0 0 7~ 0 1 0 5 0 7 0 7 0 5 0 7F 0 2 0 7 0 5 0 9~ 0 7 0 5 0 0 0 7 0 5NRBKb 0 7 0 6 K 0 2 0 5 0 7 0 5 0 9 0 5 0 5 ~ 0 5 0 1 0 0 0 7 0 7 6 4 0 4 0 6 0 7 0 5 6 9 0 7 0 5 0 1 0 5 0 7 0 2 0 7 0 7 6 4 K Selskaber r 0 5 0 1 0 4 0 5 0 2 0 2 0 0 0 0 0 7 0 5 ~ 0 0 0 7 0 5 0 5 0 4 0 0~ 0 1 0 0 0 2 0 5 0 7 0 1 0 0 0 5 0 9~ 0 7 0 1 0 0 0 0 0 2 0 5 0 9 0 4 0 0 0 5 K f 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 4 0 0 0 5 0 1 0 7 0 6 0 9 0 5 0 4 0 0 0 5 0 7 0 5 0 5 0 4 0 5 0 2 0 2 0 0 0 7 0 2 0 7 0 9 0 9 0 7 0 6 0 7 0 1 0 7 0 0 0 2 0 7 0 5 0 7 0 2 0 2 0 7^ 0 5 0 5 0 7 0 1 0 2 0 0K Fuldst 0 3ndigt prospekt 22. februar 2007 13

1 3 0 1vrige oplysninger 0 3rs- og halv 0 2rsrapport c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 7 0 0 0 2 0 5 0 9~ 0 2 0 5 0 0 6 8 0 5 0 5 0 0 0 7 0 7 0 5 0 1 ~ 0 4 0 0 6 9 0 7 0 5 0 4 0 6 0 7 0 7 0 2 0 5 0 5 0 7 0 0 0 0 0 7 0 1 0 5 0 7 0 0 0 7 0 5 0 2 0 7J 0 5 0 7 0 0 0 0 0 7 0 1 0 5 0 7 0 2 0 7 0 9~ 0 7 0 1NM 0 1 0 4 0 6 0 4 0 0 0 2 0 6 0 7J 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 4 0 0 0 5 0 7 0 3 ~ 0 1 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 5~ 0 0 ~ 0 2 0 5 0 7 0 9 0 4 0 1 0 1 0 7 0 9 0 6 0 7 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 4 0 5J 0 2 0 2 0 0 0 7 0 0K 0 6K 0 4 0 0 0 2 0 7 0 9 0 7 0 2 0 5 0 0 6 9 0 7 0 1 0 5 0 7 0 4 0 0 0 5 J 0 2~ 0 2 0 5 0 7 0 1 0 1 0 7 ~ 0 4 0 7 0 5 0 4 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 J 0 7 0 2 0 2 0 0 0 7 0 4 0 0 0 5 0 7 0 3 ~ 0 1 0 5 0 4 0 7 0 2 0 2 0 0 0 7 0 0K 0 6K 0 4 0 0 6 9 0 6 0 0 0 7 0 5 0 7 0 5 0 7 0 7 0 2 0 2 0 0 0 5 0 1 0 2 0 7 I 0 5 0 7 0 7 0 5~ 0 5 J 0 5~ ~ 0 5c 0 2~ 0 2 0 5 0 1 0 5 0 2 0 7 K c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5L^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 5 0 7 0 0 0 2 0 5 0 9~ 0 2 0 5 6 4 0 7 0 9~ 0 1 0 7 0 2 0 5 0 7 6 4 0 7 Kc 0 4 0 5 0 6 0 7 0 7 0 0 0 2 0 5 0 9~ 0 2 0 5 6 4 0 5~ 0 2 0 7 0 5 0 7 c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 7 0 2 6 4 0 5 ~ 0 4 0 2 0 7 0 5 6 4 0 7 0 2 0 5 0 7~ 0 5 0 7 0 2 0 5~ 0 0 0 1 0 7 0 2 0 7 0 7 0 2 0 2 0 0 0 5 0 4 c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 4 0 0 0 7 6 4 0 5 0 7 0 0 0 2 0 5 0 9~ 0 2 0 2 0 7 0 5 6 4 0 7 0 2 0 5 0 7 ~ 0 5 0 7 0 5 0 1 ~ 0 4 0 0 6 9 0 7 0 1 0 5 0 7 0 4 0 0 0 2~ 0 1~ 0 2 0 3 0 7 0 0 0 7 0 5 0 2 0 4J 0 7 0 5 0 4 0 5 0 6 0 7 ~ 0 5 0 5 0 7 0 1 0 2 0 0Ke 0 6 0 7 6 4 KPMK 0 2 0 5~ 0 2 0 7 0 5 0 7 0 5 0 5 0 4 ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 7 0 2 0 5 0 4 J 0 0 0 7 0 4 0 0 6 9 0 7 0 1 0 5 0 7Kp 0 7 0 2 0 7 0 5 0 7 6 4 0 5 ~ 0 4 0 4 0 0 c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 6 0 7 0 5 6 8 0 0 0 7 0 5 0 1 0 7 0 6 0 7 0 7 0 5 6 4 0 5 0 4 0 1~ 0 2 0 0 0 7 0 2 0 5 0 7 0 6 0 7 0 5 0 5 0 7 0 2 0 6 0 7 0 2 0 5 0 7 0 1 0 5 0 7 0 1^ 0 5 0 0 J 0 2 0 5 ~ 0 4 0 7 0 1 0 1 0 7 c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 7 0 1 0 1 0 7 0 9~ 0 2 0 5 0 7 0 2J 0 7 0 5 0 5 ~ 0 2 0 7 0 2 0 7 ~ 0 5 0 7 0 5 0 5 0 7 0 2 0 7 0 7 0 7K 0 5 0 7 0 2 0 2 0 6 0 7 0 5 K 0 5 0 9K 0 5 ~ 0 4 0 7 0 2 0 7 0 6 0 5 0 7 0 7 0 5~ 0 5 0 7 0 2 0 5 ~ 0 5~ 0 4J 0 5 0 7 0 7 0 7 0 6 0 5 0 4 I 0 5 0 4 0 0 0 6 6 8 0 1 0 0 0 7 0 5~ 0 5 0 0 0 7 0 2 0 7 ~ 0 1J 0 5 0 4 0 5~ 0 0 0 1 0 2 0 0 0 7 0 2K c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5~ 0 2 0 7 0 5 0 7 0 1 0 1 0 0 0 7 0 5 0 6 0 7 6 4 0 7 0 2 0 9 0 9 0 7J 0 7 0 6 0 5 0 7 0 7 0 5~ 0 1 0 6 6 4 0 5 ~ 0 4 KPMK 0 2 I 0 5 0 7 0 4 0 5 0 5 0 7 0 2 0 1 0 0 0 0 6 9 0 7 0 5 0 2 0 5 0 7 0 2 0 5 0 0~ 0 2 0 0 0 7 0 2 ~ 0 5~ 0 0 0 5 0 0 6 4 0 2 0 7 0 5 0 6 ~h 6 9 0 2 0 7 0 2 0 5~ 0 6 0 2 0 5 c 0 4 0 2 0 5 0 5 0 2 6 9 0 5Ke~ 0 1 0 6 6 4 0 5 ~ 0 4 0 7 0 2 0 9~ 0 2 0 1 0 0J 0 5 0 7 0 5 0 0 0 7 0 5 6 4 0 5 ~ 0 4 0 7 0 2 0 5 0 7 0 2 0 7 0 5 0 6 ~ 0 2 0 7 J 0 2 0 7 K r 0 5 0 6 0 9 0 1 0 2 0 0 0 7 0 2 ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 5 0 7 0 0 0 2 0 5 0 9~ 0 2 0 5J 0 0 6 8 0 5 0 5 0 0 0 7 0 7 0 5 0 1 ~ 0 4 0 0~ 0 2 0 5 0 7 0 2 6 9 0 0 0 1 0 7 ~ 0 1 0 5 0 7 0 0 0 0 6 4 ~ 0 5 0 5 0 9 0 7 0 0~ 0 7 0 2 0 7 0 1 0 5 6 9 0 7K Tabel 2: Seneste regnskabstal Resultatopg 0 3relse (tkr.) 2005 Renter og udbytter 1.898 Kursgevinster og -tab -757 Ordin 0 3rt resultat f 0 3r omkostninger 1.141 Administrationsomkostninger -261 0 3rets resultat 880 Balance (tkr.) 2005 Aktiver: Likvide midler 3.824 Obligationer 40.957 Kapitalandele 195 Afledte finansielle instrumenter 0 Andre aktiver 469 I alt, aktiver 45.445 Passiver: Medlemmernes formue 44.839 Afledte finansielle instrumenter 0 Anden g 0 3ld 606 I alt, passiver 45.445 Investeringsforeningen SEBinvest - Korte Obligationer 14

1 3Tabel 4: Fem 0 2rs n 0 3gletal N 0 3gletal 2005 2004 2003 2002 2001 Afdelingens afkast i pct. 0 1 1,99 2,80 2,89 6,02 5,68 Benchmark 0 5 afkast i pct. 2,12 3,32 3,98 7,04 5,97 Udlodning i kr. pr. andel kr. 100 3,75 4,50 4,25 4,75 6,00 Omkostningsprocent 0,58 0,63 0,87 0,91 0,96 0 1 Afdelingens hidtidige resultat er ingen garanti for den fremtidige performance. 0 5 Benchmark: EFFAS 1-3 Administration a 0 7 0 5~ 0 0 0 1 0 7 0 5 0 7~ 0 5 0 0 0 2 0 5 ~ 0 4 0 2 0 5 0 4 0 0 0 9 0 4 0 5 0 2 0 2J 0 0 0 7 I 0 5 0 7 0 2 0 5 0 7 0 4 0 0 0 9 0 4 0 5 0 2 0 2 0 0 0 7 0 1 0 2 0 7 0 5 0 7 0 1J Tabel 5: Afdelingens vederlag Budget 0 5 0 7I~ 0 5 0 0 0 2 0 5 ~ 0 4 0 2I 0 7 0 5 0 2I 0 7 0 6 0 5 0 4 0 2I 0 1 0 5 0 2I Vederlag (tkr.) 2007 2005 0 0~ 0 9 0 7 0 5 0 5 0 5 6 9 0 2 0 0 0 4 0 0 0 5 0 7 0 4 0 5 0 7 0 1 0 5 0 9~ 0 2 0 7 0 6 0 1 Bestyrelse 28 24 0 9 0 9 0 7 0 4 0 6 0 7 0 5 0 0 0 7OIRMB~ 0 5 0 5 0 7 0 2 0 5 6 9 0 7 0 5 0 7 0 5 0 4 J Administrator 54 47 0 0 0 7 0 6 6 8 0 5 ^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 2 0 5 0 7 0 2 0 5 0 4 0 7 0 0 0 2J SEBAM 134 133 0 5 0 9~ 0 2 0 5 6 4 0 7 Kc 0 4 0 7 0 0 0 2 0 5 0 9~ 0 2 0 5 6 4 0 7 OMMR~ 0 2J Finanstilsynet 4 4 0 5 0 4 0 0 0 5 0 7 0 2 0 5~ 0 0 0 1 0 7 0 5 0 7 0 4 0 0 0 9 0 4 0 5 0 2 0 2 0 0 0 5 0 4 0 3 0 7 0 2 MIRUBK El 0 0 6 9 0 7 0 1 0 5 0 7 0 2 0 2 0 9 0 1K 0 9 0 9 0 7 0 5~ 0 2 0 5 0 7 0 1 0 5 0 4 0 0 0 9 0 4 0 5 0 2 0 2 0 0 0 7 I 0 6 0 7J 0 5 0 7 0 1~ 0 0 0 1smIa 0 7 0 4 0 2~ 0 2 0 9 0 4 0 0j~ 0 9 0 7 j~ 0 9 0 7 I 0 7 0 6 0 5 J 0 4 0 2 0 4 0 0 0 5 0 6 0 7 0 5 0 7 0 9 0 4 0 2 0 4 0 5 0 4 0 1 0 5 0 5 0 4 0 0 0 9 0 4 0 5 0 2 0 2 0 0 0 7 0 0K 0 6KF Vederlag p 0 9 0 7 0 0~ 0 7 0 1 0 5 6 9 0 7 0 6 0 5 0 7 0 5 0 7 0 5 0 4 0 5 0 9 0 7 0 1 0 1 0 0 0 7 0 6 0 7J 0 5 0 7 0 1~ 0 0I^ 0 5 0 5 0 7 0 1 0 2 0 0 0 7 0 2 0 2 0 7 ~ 0 1 0 7 K Tilsynsf 0 3rende myndighed c 0 2~ 0 2 0 5 0 1 0 5 0 2 0 7 d 0 1Kh 0 4 0 2 0 0 0 7 0 6 0 7 TQ^INURMc 0 7 0 5 0 7 0 9 0 5 0 2 0 7 0 0` q 0 7 0 1 0 7 0 5 0 4 0 2WPPRRUOUO q 0 7 0 1 0 7 0 5~ 0 9WPPRRUOMM f 0 2 0 7 0 2 0 7 W 0 7 0 7 0 7K 0 5 0 2~ 0 2 0 5 0 1 0 5 0 2 0 7 K 0 5 0 9 Fuldst 0 3ndigt og forenklet prospekt c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 5 0 4 0 7 0 2 0 9 0 1 0 7 0 5 0 7 0 4 0 5 0 7 0 9 0 7 0 5 0 7 0 2 0 5 0 9 0 0 0 7 0 5c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 5 0 1 0 5 0 5 6 8 0 2 0 5 0 0 0 7 0 4 0 5 0 7 0 9 K_ 0 7 0 0 0 0 0 7 0 4 0 5 0 7 0 9 0 7 0 4 0 5 0 1 0 5 0 7 c 0 4 0 7 0 2 0 2 0 0 0 7 0 2 0 5 0 6 0 7 0 5 6 8 0 0 0 7 0 7 0 7 0 2 0 2 0 7 0 0 0 7 0 7 0 5 0 7 0 1~ 0 5 0 5 0 7 0 5 0 1 0 5 0 5 6 8 0 2 0 5 0 0 0 7 0 4 0 5 0 7 0 9 K 0 2 6 4 0 5 0 7 0 9 ~ 0 6 0 7 0 2 0 7 0 1 0 5 0 1 0 5 0 5 6 8 0 2 0 5 0 0 0 7 0 4 0 0 0 5 0 4 0 7 0 2 0 9J 0 1 0 7 0 5 0 7 0 4 0 5 0 7 0 9 0 7 0 5Kc 0 2~ 0 2 0 5 0 1 0 5 0 2 0 7 0 5 0 2 0 7J 0 9 0 7 0 2 0 5 0 0 6 9 0 7 0 1 0 5 0 7 0 2 KVSP~ 0 5NPK 0 4 0 9 0 4 0 2 0 7 OMMR 0 4 0 0 0 4 0 1 0 5 0 2 0 2 0 0 0 7 0 2 0 6 0 7 0 5 0 7 0 2 0 0 0 5 0 5 0 4 0 7 0 2 0 2J 0 0 0 7 0 5 0 4 0 5 0 7 0 9 0 7 K Fuldst 0 3ndigt prospekt 22. februar 2007 15