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Main information

Fund name Leadersel Financial Bonds Class I
Benchmark EBSU - ICE BofA Euro Subordinated Financial
Category Flexible bond fund
Legal structure Mutual Fund under Luxembourg Law with multiple Sub-funds
Currency Euro

Investment object

The aim of this Sub-Fund is to increase its capital by investing at least fifty percent (50%) of
its assets in any type of bonds, debt securities and credit instruments, including convertible
bonds, CoCo bonds issued by companies active in the financial sectors such as banks,
insurance companies and financial services corporations.

Investment policy

The Sub-Fund will invest mostly in subordinated debt securities, and up to seventy percent (70%) of the Sub-Fund’s net assets may be invested in CoCo bonds.

Up to 60% of the investment portfolio may be composed of instruments rated “below investment grade” (“Maximum Percentage”); the Investment Manager will monitor the portfolio composition of the Sub-Fund and will sell within three (3) months, and in the best interest of the Unitholders, any security that has been downgraded from Investment Grade to Not Investment Grade resulting in an excess of the Maximum Percentage. The Sub-Fund may also invest in instruments with no rating up to 10%. 
Up to 50% of the portfolio may be invested in instruments denominated in currencies other than the Euro. The Sub-Fund will not invest in Emerging Markets, Asset Backed Securities (“ABS”) or Mortgage Based 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. 

Credit risk exposure may be mitigated by using credit default swaps. 

The Sub-Fund may invest up to ten percent (10%) of its net assets in Distressed and Defaulted Debt Securities. 

For liquidity management purposes, the Sub-Fund may invest up to twenty per cent (20%) in money market instruments with a 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 Sub-Fund will not actively seek exposure to equities. However, it is possible that such securities may be acquired and held as a result of corporate action or other conversions. The aforementioned does not prevent the Sub-Fund from actively enter into derivative transactions on equity indices in order to hedge its bond portfolio.

The Sub-Fund may use techniques and instruments with the aim of the good management of the portfolio, complying with the restrictions stated in Chapter headed FINANCIAL TECHNIQUES AND INSTRUMENTS and in particular Paragraph 4.3 relating to CDS of this prospectus. The use of derivatives shall be on an ancillary basis and in compliance with the provisions of the Grand Ducal Regulation of 8 February 2008. Derivatives may include (but are not limited to) forward exchange transactions, futures, options, convertible swaps, credit default swaps (CFD). Derivatives may be used to take rising or falling positions in all the markets included in the Sub-Fund’s investment policy and the underlying may be individual instruments or baskets of instruments or financial indices. It is specified that the Sub-Fund may invest in derivatives not only for the purpose of hedging but also to achieve its investment objectives. 

The Sub-Fund does not use SFT and TRS. The prospectus will be updated, and investors will be informed if the situation changes and SFT/TRS are used in the Sub-Fund. 

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:00.352.47.67.59.99
  • Faxnumber:00.352.47.67.70.37
  • Business hours: 9 a.m. to 6 p.m. CET
  • Languages: English, French, Spanish, Italian, German, Dutch
NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU3037723593

Charges

Entry charge None
Exit charge None
Maximum management fees 0,55%
Performance fee Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Minimum amount of the first subscription 500.000 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.

Graphic trend

Offer documents

Document Date of the document Download
KID---Leadersel-Financial-Bonds-cl.-I.pdf 08/05/2025 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

Annual reports

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

Sustainability related disclosure

Document Date of the document Download
Pre-Contractual-Disclosure-Information-RTS-----Leadersel-Financial-Bond.pdf 15/04/2025 PDF get_app
Fund manager
Antonio Ruggeri
Antonio Ruggeri
Team investimenti obbligazionari
Risk level
  • 1
  • 2
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  • 6
  • 7
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