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Main information

Fund name Ersel Philanthropy ESG Fund Class B
Category Balanced fund
Legal structure Luxembourg Reserved Alternative Fund
Currency Euro

Investment object

The investment objective of the Sub-Fund over time is to preserve and increase the real value of its capital with a moderate level of risk. The Sub-Fund also has the objective to produce an annual income to be distributed to its Unitholders in the minimum proportion of two point five per cent (2.5%) of the NAV per Unit of the Sub-Fund.

Investment policy

The geographical scope of the Sub-Fund is global, and the related currency exposure will be accepted or hedged according to the appropriate risk balancing of the overall asset allocation. The main geographical focus, i.e. more than fifty percent (50%) of the Sub-Fund's assets, is on developed market, but the Sub-Fund can also invest in emerging markets. Following a disciplined investment process and according to efficiency criteria, each asset will be represented either by a selection of direct financial securities (both listed and unlisted) or by exchange traded funds or by actively managed UCITS and UCIs. The Fund shall not purchase more than twenty-five per cent (25%) of units of the same UCITS and/or other UCI. The overall equity exposure of the Sub-Fund will not exceed fifty-five per cent (55%), considering not only direct securities, but also exchange traded funds ("ETFs"), Underlying Funds and derivatives. The Sub-Fund's equity portfolio will be built to achieve, to the extent possible, an appropriate diversification by geography and sector. The total amount of equity investment held by the Sub-Fund in any issuers will be less than seven per cent (7%) of the total assets of the Sub-Fund. The Sub-Fund will not invest more than fifty per cent (50%) of its net assets in fixed income instruments or other transferable securities of the same nature also including ETFs, Underlying Funds and derivatives. Countries of issue will be mainly in developed markets, with the possibility to invest also in emerging and frontier markets (maximum fifteen per cent (15%) of the total assets of the Sub-Fund). The Sub-Fund will have a maximum net exposure to High Yield rated bonds equal to twenty per cent (20%) of the total assets of the Sub-Fund. Exposure to private markets instruments will not represent more than thirty-five per cent (35%) of total assets at the time of investment. It will be achieved through Underlying Funds both listed and unlisted, regulated and non-regulated.   Any investment in real estate or private equity will only be made through Underlying Funds. Within the more liquid group of alternative investment, the Sub-Fund will not invest more than thirty per cent (30%) of its net assets in a diversified portfolio of Underlying Funds that will mainly pursue absolute return strategies including, but not limited to: Event driven strategies, Long-short strategies, Relative value strategies. The Sub-Fund shall limit its allocations to a single asset or Underlying Fund of an illiquid nature to 15% of its NAV. The Sub-Fund shall limit to a maximum of thirty-five (35%) of the NAV investments with a longer liquidity horizon than the maturity of the relevant Lock-Up Period.

Legal information

Depository bank CACEIS Bank Luxembourg SA
Audit firm EY SA
How to subscribe it

The Funds managed by Ersel Gestion Internationale S.A. can be subscribed by sending an order to the Transfer Agent and Custodian Bank of the Fund. Investor Services Team:

  • Email address: fds-investor-services@caceis.com
  • Phone number: 00 352 47 6759 99
  • Fax number: 00 352 47 67 70 37
  • Business hours: 9 a.m. to 6 p.m. CET
  • Languages: Inglese, French, Spanish, Italian, German, Dutch

For institutional investors the orders can also be transmitted through the following distributors: Allfunds Bank, Mfex, Fund Channel.

NAV calculation frequency Quarterly
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU2369299651

Charges

Entry charge None
Exit charge None
Maximum management fees 0.90% on an annual basis
Performance fee None
Minimum amount of the first subscription 1.000.000,00 euro
Minimum amount of subsequent subscriptions 100.000,00 euro

Offer documents

Document Updated at Download
KIID 16/03/2022 PDF get_app
OFFERING DOCUMENT 16/03/2022 PDF get_app

Policy ESG

Document Updated at Download
Responsible Investment Policy 26/04/2022 PDF get_app
Risk level
  • 1
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  • 7

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