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.

In July, inflation and labor market data came in weaker than expected; however, the market was once again dominated by developments in the Middle East.

Monthly comment from the manager

Yields moved higher again, with a rise of approximately 30 bps in 10-year rates, leading to a moderate steepening of both USD and EUR yield curves. The market interpreted the Fed’s statements as reflecting a more patient stance on rates, pricing in a further steepening of the curve, with the US 30-year yield reaching its highest level since 2007. Spreads widened slightly in senior high yield, while tightening marginally in subordinated debt. High-grade segments delivered negative performance of approximately 1 point, while lower interest rate sensitivity and the relative stability of spreads helped support higher-beta segments, which were down by around 0.5 points during the month.

The strategy delivered negative results and underperformed its benchmark due to its greater exposure to interest rate risk. From an operational standpoint, following the correction in yields, the strategy increased its long duration relative to the benchmark to 0.8 years. Purchases were concentrated in 7-8 year maturities issued by high-quality issuers. Looking ahead, risk premia remain particularly compressed, suggesting a cautious stance in terms of credit risk exposure and a tactical approach to interest rate risk exposure.

Factsheet

Document Date of the document Download
Monthly report 12/08/2026 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 06/05/2026 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
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