close
since 1936
Wealth Management
Ersel in brief
Our history
Group companies
Facts and figures
Our foundations
Sustainability
share

Main information

Fund name Leadersel Corporate Bond Class A
Benchmark ICE BofAML Euro Corporate
Category Euro corporate bond investment grade fund
Legal structure Mutual fund under Luxembourg Law with multiple sub-funds
Currency Euro

Investment policy

The Sub-Fund is actively managed and will invest principally in bonds, debt securities and credit instruments issued by companies in any sector whatsoever, including instruments with no rating and those of “below investment grade”. Credit risk exposure may be mitigated by using credit default swaps.
The quota of the portfolio invested in “investment grade” credit instruments must be more than fifty per cent (50%) of the Sub-Fund’s net assets.
The Sub-Fund will not invest in Asset Backed Securities (“ABS”) or Mortgage Backed Securities (“MBS”) or other structured products involving special purpose vehicles with the aim of grouping together on their books any series of claims on different debtors.
The Sub-Fund cent (10%) of its net assets in will not invest more than ten per Coco Bonds, Distressed and Defaulted Debt Securities.
The Sub-Fund will only invest in unlisted securities to the extent permitted by the Law of 2010 and Paragraph 2 of the Chapter entitled “Investment restrictions”, namely for a total less than ten per cent (10%) of the Sub-Fund’s net assets.
The Sub-Fund may invest in instruments denominated in currencies other than the euro.
The Sub-Fund may invest, on a residual basis, in money market instruments with duration of less than twelve (12) months.
The Sub-Fund may invest up to ten per cent (10%) of its net assets in UCITS or other UCI as referred to in art. 41, section 1, of the Law of 2010. The value of the Fund is calculated and expressed in Euros. The fund is classified as ex art.8 SFDR. The implementation of ESG criteria is described in detail in the RTS sheet attached to the prospectus.

Investment object

The objective of this Sub-Fund is to achieve an increase of the capital invested by exposure to the international bond markets, using investments principally in bonds of any sort and other similar debt securities, to the extent that they are among the investments authorised by the Law of 2010 on Part I funds, such as (but not exhaustively) bonds issued by governments, regional entities, supranational organisations and companies, convertible bonds, certificates of deposit, short-term notes and treasury notes with a term longer than twelve (12) months. The Fund does not aim to replicate the composition of the benchmark; therefore, it also invests in financial instruments not present in the benchmark or present in different proportions

Legal information

Depository bank Caceis Bank, Luxembourg branch
Audit firm EY
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 67 5999
  • 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. The fund is classified as ex art.8 SFDR. The implementation of the ESG criteria is described in detail in the RTS tab attached to the prospectus.
NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU2751622304
Bloomberg LDRCRPA LX

Charges

Entry charge None
Exit charge None
Maximum management fees 0.55% on an annual basis
Performance fee 20% on the yield in excess of the reference index ICE BofAML Euro Corporate
Minimum amount of the first subscription 1.000.000 euro
Minimum amount of subsequent subscriptions None

Performance

Period NAV Fund Benchmark
- - - -
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

During September, while inflation data continued to reflect rising energy costs, growth expectation data surprised to the upside in both the US and Europe.

Monthly comment from the manager

Interest rates moved sharply higher, rising by approximately 60bps across the US dollar curve and 30bps across the euro curve. Credit spreads widened moderately in higher-beta segments, with moves of around 50bps in USD High Yield and 40bps in EUR High Yield and CoCos. European credit delivered negative returns across all segments, with Investment Grade declining by approximately 1.6 points, High Yield by 1.8 points, and CoCos by 2.3 points. Against this backdrop, the strategy posted negative returns and underperformed its benchmarks as a result of its overweight interest rate exposure.

Portfolio allocation remained largely unchanged. From an operational standpoint, exposure to idiosyncratic risks was marginally reduced by exiting positions in selected High Yield issuers, while some Tier 2 holdings were switched into securities with longer call dates. Looking ahead, risk premia remain compressed, continuing to support a cautious stance toward credit risk exposure and a tactical approach to interest rate risk given current market levels in Europe.

Factsheet

Document Date of the document Download
Monthly report 16/10/2026 PDF get_app

Offer documents

Document Date of the document Download
KID 02/03/2026 PDF get_app
Management rules 25/01/2013 PDF get_app
Prospectus 01/10/2026 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2026 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2025 PDF get_app

Sustainability related disclosures – Article 8

Document Date of the document Download
Web Disclosure 01/05/2026 PDF get_app
Leadersel Corporate Bond - Pre-contractual disclosure information RTS 06/05/2026 PDF get_app
Leadersel Corporate Bond - Periodic Disclosure RTS 31/12/2025 PDF get_app

Notice

Document Date of the document Download
Investor notice – Sustainability-related information 30/09/2026 PDF get_app
Notice to unitholders 16/05/2024 PDF get_app
Notice to shareholders Leadersel Corporate Bond 21/12/2023 PDF get_app
Fund manager
Antonio Ruggeri
Antonio Ruggeri
Team investimenti obbligazionari
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
© Ersel Banca Privata - P.Iva 11894590154

RISPARMIO ENERGETICO ATTIVO

Questa schermata consente al tuo monitor di consumare meno energia quando il computer resta inattivo.

Clicca in qualsiasi parte dello schermo per riprendere la navigazione.


Ersel