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Main information

Fund name Leadersel PMI HD Class B
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Fund aims to increase the value of its portfolio through the investment in equities denominated in Euro, issued by low, medium and high cap Italian issuers. It may use financial derivative instruments to promote a more efficient portfolio management.The Fund is not intended to reproduce the composition of the benchmark and can deviate significantly from the benchmark. Income generated by the Fund is reinvested and included in the value of shares. The Fund's value is calculated and expressed in Euros. Investors can buy or sell shares of the Fund on a daily basis.

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.

NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU1132340321
Bloomberg GPMIHDB:LX

Charges

Entry charge None
Exit charge None
Maximum management fees Max 1.75% on an annual basis
Performance fee 15% of the positive difference between the net return of the Fund and 2% with a maximum of 1.5% of the average net asset value during the period.
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

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

Summary table

1 year 3 years 5 years 10 years
Fund - - - -
Benchmark - - - -
1 year 3 years 5 years 10 years
Fund - - - -
Benchmark - - - -
1 year 3 years 5 years 10 years
Fund - - - -
Benchmark - - - -

Annual chart

Italian equities remained close to recent highs in May, despite ongoing geopolitical uncertainty linked to the conflict in Iran and broader tensions in the Middle East.

Monthly comment from the manager

Market performance continued to be supported by a resilient risk appetite, with technology and financials outperforming, while energy-related stocks and utilities lagged. The reporting season was generally constructive. The semiconductor segment stood out, with STM and Tecnoprobe delivering solid results. Within industrials, Prysmian continued to benefit from sustained demand in the US market, while Brembo reported encouraging numbers and announced its first commercial contracts for Sensify, a new braking system technology. Interpump and Stellantis remained under pressure, although early signs of stabilisation are beginning to emerge. Within the small-cap universe, results from Reply were also supportive, reflecting continued growth in revenues.

From an allocation perspective, exposure to the banking sector was increased, with a particular focus on Montepaschi, while exposure to energy was reduced through a trimming of Tenaris. The allocation to mid and small capitalisation stocks stands at approximately 60%, reflecting the portfolio’s significant exposure to cyclical sectors. During the month, positions in Ferretti and Ariston were sold, while new investments were initiated in Sol and El En. The most meaningful small-cap holdings include Sol, Danieli risp, Mondadori, and Philogen. The portfolio also participated in the capital increase of Dexelance. Total portfolio exposure stood at 102%. The hedging strategy did not generate any signals during the period, reflecting the continued strength of the prevailing market trend.

Factsheet

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

Offer documents

Document Date of the document Download
KID 03/03/2025 PDF get_app
Management rules 05/02/2019 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
Semi annual report CH 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2025 PDF get_app
Annual Report CH 31/12/2023 PDF get_app

Notice

Document Date of the document Download
Notice of merger of Globersel Alkimis Equity Alpha into Leadersel PMI HD 06/10/2025 PDF get_app
Fund manager
Marco Nascimbene
Team Investimenti Equity Italia
Carlo De Vanna
Team Investimenti Equity Italia

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