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

Main information

Fund name Leadersel High Dividend Equity Class R
Benchmark MSCI World High Dividend Yield Net Total Return
Category Equity fund
Legal structure Mutual Fund under Luxembourg Law with multiple Sub-funds
Currency Euro

Investment object

The investment objective of this Sub-Fund is to achieve long term capital growth mainly through investment in a portfolio of securities of listed companies selected by striking an appropriate balance between equities with steady dividend growth projections and stocks with a higher, but at the same time more volatile yield. More specifically the Investment Manager will select securities with the goal of:

  • Benefitting from the growth in value of companies that consistently increase their dividends;
  • Balancing the portfolio with companies that offer both growth and income;
  • Taking advantage of market opportunities by momentarily undervaluing quality stocks with sustainable dividends.

Investment policy

The Sub-Fund mainly invests in shares and similar securities with a focus on listed large caps in developed countries. The Sub-Fund may also invest in ADR (American Depositary Receipts) or GDR (Global Depositary Receipt). Those ADR/GDR will not have derivative incorporated products.
 
The Investment Manager may allocate up to 20% of its total net assets in Emerging Markets; the exposure to Emerging Markets may also be achieved by investing in ETFs. 

The Sub-Fund may invest up to 10% of the portfolio in bonds to reduce the overall volatility. All bonds will be at least investment grade (the “Minimum Rating”); the Manager will sell within three (3) months, and in the best interest of the Unitholders, any securities that are downgraded below the Minimum Rating. For temporarily liquidity management, the Sub-Fund may invest, on a residual basis, in money market instruments with duration of less than twelve (12) months. 

In case of unfavourable market conditions, the Sub-Fund may hold cash, on a temporary basis.

The Sub-Fund may invest up to ten per cent (10%) of its net assets in UCITS or other UCI, including ETFs, as referred to in art. 41, section 1, of the Law of 2010. 

The Sub-Fund may use financial techniques and instruments to promote an efficient portfolio management, in accordance with the restrictions set forth in section headed “Financial techniques and instruments”. The Sub-Fund will use only SFT as set forth in section headed "Use of SFT" below.

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 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 
NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU3053688571

Charges

Entry charge None
Exit charge None
Maximum management fees 1.75% on an annual basis
Performance fee 20% of the positive difference between the net return of the Fund and the Index.
Minimum amount of the first subscription 2.500 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

Despite a more uneven market backdrop, June delivered a moderately positive outcome for both the investment strategy and its benchmark.

Monthly comment from the manager

The most important market driver was not a broad-based rally in dividend-paying stocks, but rather a shift in market leadership. Investors reduced exposure to highly valued hyperscalers and technology companies, while showing renewed interest in more defensive areas such as healthcare and consumer staples. The energy sector proved to be a two-sided contributor. Earlier in the year and throughout much of the second quarter, the sector had benefited from elevated oil prices and geopolitical tensions.

During June, however, oil prices moved lower following the peace agreement between the United States and Iran and the gradual, although not yet fully completed, normalisation of commercial traffic through the Strait of Hormuz. This weighed on major oil companies such as Exxon Mobil and Chevron. The strengthening of the US dollar represented a headwind for the portfolio, which maintains a greater allocation to the Eurozone and, in particular, to the Italian market, where dividend yields have traditionally been more attractive.

During the month, several portfolio adjustments were implemented. Positions such as Richemont and Akzo Nobel were partially reduced after reaching their target price ranges, Munich Re was introduced in place of Zurich, reflecting a preference for a more attractive valuation opportunity. The position in Accenture was fully exited following a disappointing earnings report. Overall, we reduce the portfolio's underweight exposure to Asia, while the energy sector now stands at a modest underweight relative to the benchmark. The portfolio's cash position, currently below 5%, is expected to be gradually deployed during July as the reporting season gathers momentum.

The investment approach will remain selective and disciplined. Rather than increasing overall market exposure indiscriminately, the focus will be on using temporary market pullbacks to evaluate new opportunities with particular care. Given the current dispersion of returns across sectors and regions, combined with the heightened risk of volatility that often characterises the summer months, stock selection and valuation discipline will remain key drivers of performance.

This environment favours a strategy focused on companies capable of combining sustainable dividend distributions, strong cash-flow generation and resilient balance sheets, while maintaining sufficient flexibility to capitalise on opportunities created by short-term market dislocations.

Factsheet

Document Date of the document Download
Monthly report 12/06/2026 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 30/06/2025 PDF get_app

Annual reports

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

Notice

Document Date of the document Download
Notice of Merger METROPOLIS and High Dividend Equity 24/06/2025 PDF get_app
Fund manager
Paolo Baretto
Paolo Baretto
Team Investimenti Lussemburgo
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