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Main information

Fund name Leadersel Corporate Bond Class B
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 LU0012092481
Bloomberg GLBRBND LX

Charges

Entry charge None
Exit charge None
Maximum management fees 0.8% on an annual basis
Performance fee 20% on the excess return over the benchmark index ICE BofAML Euro Corporate
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

Performance

Period NAV Fund Benchmark
2025.07.17311,540--
2025.07.16311,4500,02%0,06%
1 month310,1000,46%0,48%
3 months306,9301,50%1,27%
YTD305,7201,90%2,22%
1 year296,5105,06%5,49%
3 years*280,7303,52%3,45%
5 years*301,1900,67%0,41%
10 years*286,1200,85%1,26%
Since inception (Mar 31 2009)202,6902,67%3,23%
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

Graphic trend

Created with Highstock 6.1.12010201120122013201420152016201720182019202020212022202320242025201020122014201620182020202220240%+25%+50%+75%3m6m1y2y3yAllFrom30/03/2009To17/07/2025FondoBenchmark
Created with Highstock 6.1.12010201120122013201420152016201720182019202020212022202320242025201020122014201620182020202220242002503003501503m6m1y2y3yAllFrom30/03/2009To17/07/2025NAV

Summary table

1 year3 years5 years10 years
Fund5,06%10,97%3,43%8,88%
Benchmark5,49%10,75%2,09%13,41%
1 year3 years5 years10 years
Fund5,06%3,52%0,67%0,85%
Benchmark5,49%3,45%0,41%1,26%
2022202320242025
Fund-12,62%6,77%4,79%1,90%
Benchmark-12,71%7,57%4,45%2,22%

Annual chart

Created with Highstock 6.1.1FondoBenchmark2010201120122013201420152016201720182019202020212022202320242025-15%-10%-5%0%+5%+10%+15%+20%

In June, the escalation of geopolitical tensions had a relatively limited impact on risk assets, which found support in the subsequent easing of tensions in the Middle East and further progress in trade negotiations with China and Europe.

Monthly comment from the manager

In the US, yields retraced the upward movement seen in May, driven by improvements in inflation data and pressure from the Trump administration for a more accommodative monetary policy. In Europe, by contrast, the risk-free curve rose again following NATO countries’ decision to increase defence spending to 5% of GDP by 2035.

Against this backdrop, credit spreads tightened slightly across all segments, leading to marginally positive results in the investment grade space and an outperformance of higher-beta assets, with Senior HY advancing by around half a point and CoCos gaining 1.5 points, bringing year-to-date performance above 4%. The strategy delivered a positive performance, in line with benchmark parameters. From an operational standpoint, the strategy participated in primary issues of subordinated debt, both financial and non-financial, with the aim of capturing the premium offered in the secondary market and improving the portfolio carry.

Looking ahead, given particularly tight valuations in an environment of elevated uncertainty, we believe it is preferable to maintain a cautious approach in terms of exposure to both credit risk and interest rate risk.

Factsheet

Document Date of the document Download
Monthly report 17/07/2025 PDF get_app

Offer documents

Document Date of the document Download
KID 15/04/2025 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 15/04/2025 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2024 PDF get_app
Semi annual report CH 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2024 PDF get_app
Annual Report CH 31/12/2023 PDF get_app

Art. 8 Policy

Document Date of the document Download
Responsible Investment Policy 04/06/2025 PDF get_app

Art. 8 Related disclosure

Document Date of the document Download
Web Disclosure 04/06/2025 PDF get_app
Leadersel Corporate Bond - Pre-contractual disclosure information RTS 15/05/2025 PDF get_app
Leadersel Corporate Bond - Periodic Disclosure RTS 15/05/2025 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
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Rating
Morningstar star star star star star
CFS Rating star star star star star
© 2025 Ersel Banca Privata - P.Iva 11894590154

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