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Main information

Fund name Leadersel Total Return Class A
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Objectives

The Fund is actively managed and aims to achieve capital growth and generate income. The Fund does not refer to a Benchmark. 

Investment policy

To achieve these objectives, the Fund invests primarily in a diversified portfolio of international bonds and
equities and money market instruments including through Undertakings for Collective Investment in Transferable Securities (UCITS) and/or other Undertakings for Collective Investment (UCIs). The Fund may invest up to 40% of its net assets in equities and other similar financial instruments and may use derivatives for hedging purposes. The Fund's investment decisions are made on a discretionary basis. The value of the Fund is calculated and expressed in Euros.

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: English, 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 LU0364762657

Charges

Entry charge None
Exit charge None
Maximum management fees 1.5% on an annual basis
Performance fee None
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.

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 - - - -

Financial markets continued to demonstrate remarkable resilience despite the numerous sources of uncertainty that characterized the global backdrop.

Manager's comment of the month

Following the period of heightened tension triggered by the conflict in the Persian Gulf and concerns over a potential disruption of traffic through the Strait of Hormuz, the gradual easing of geopolitical risks, together with an initial decline in oil prices, allowed investors to refocus their attention on economic fundamentals and medium-term growth prospects. In Europe, macroeconomic data painted a less fragile picture than had been anticipated only a few months earlier. While growth remains subdued, leading indicators have shown signs of stabilization and, in some cases, modest improvement, reducing the likelihood of a recessionary scenario.

In the United States, economic activity continues to stand out for the strength of domestic demand. Household consumption remains resilient, supported by a robust labor market and the positive wealth effect generated by strong financial market performance. Investment spending has also remained solid, although growth is heavily concentrated in sectors linked to artificial intelligence and digital infrastructure. Outside these areas, investment dynamics appear considerably more moderate. Against this backdrop, the Fund maintained an overall constructive positioning, consistent with a still-resilient economic environment, while seeking to capitalize on market opportunities that emerged during the month.

Within equities, the artificial intelligence theme remains a key driver, with investors increasingly focused on the ability of large technology companies to translate their substantial capital investments into tangible revenue and earnings growth. To manage the risks associated with the upcoming earnings season, part of the Fund’s long exposure to the S&P 500 was replaced with short-dated call options. This strategy was designed to participate in a potential breakout to new highs while limiting downside risk should cloud-related revenue growth from major technology companies fall short of expectations. As a result, the Fund’s overall equity exposure remained broadly unchanged, while retaining the potential to increase rapidly through the upside participation provided by the purchased call options.

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

Notice

Document Date of the document Download
Merger Leadersel Total Return with Leadersel Active Strategies 17/04/2023 PDF get_app
Fund manager
Giorgio Bensa
Direttore Investimenti Ersel AM

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