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Lazard Global Dynamic Multi-Asset Portfolio

mutual fund
GDMIX
Payout Change
Pending
Price as of:
$8.88 -0.09 -1.0%
primary theme
N/A
share class
GDMIX (Mutual Fund)

Lazard Global Dynamic Multi-Asset Portfolio

Payout Change
Pending
Price as of:
$8.88 -0.09 -1.0%
primary theme
N/A
share class
GDMIX (Mutual Fund)

Lazard Global Dynamic Multi-Asset Portfolio

Payout Change
Pending
Price as of:
$8.88 -0.09 -1.0%
primary theme
N/A
share class

Name

As of 04/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.88

$10.5 M

2.90%

$0.26

2.17%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$10.5 M

Holdings in Top 10

11.9%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.88

$10.5 M

2.90%

$0.26

2.17%

GDMIX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.91%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Lazard Global Dynamic Multi-Asset Portfolio
  • Fund Family Name
    LAZARDFUND
  • Inception Date
    May 27, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jai Jacob

Fund Description

The Investment Manager allocates the Portfolio’s assets among various US and non-US equity and fixed-income strategies managed by the Investment Manager in proportions consistent with the Investment Manager’s evaluation of various economic and other factors designed to estimate probabilities, including volatility. The Investment Manager makes allocation decisions among the strategies based on quantitative and qualitative analysis using a number of different tools, including proprietary software models and input from the Investment Manager’s research analysts. At any given time the Portfolio’s assets may not be allocated to all strategies.

A principal component of the Investment Manager’s investment process for the Portfolio is volatility management. The Investment Manager generally will seek to achieve, over a full market cycle, a level of volatility in the Portfolio’s performance of approximately 10%. Volatility, a risk measurement, measures the magnitude of up and down fluctuations in the value of a financial instrument or index over time.

As a consequence of allocating its assets among various of the Investment Manager’s investment strategies, the Portfolio may:

·invest in US and non-US equity and debt securities (including those of companies with business activities located in emerging market countries and securities issued by governments of such countries), depositary receipts and shares, currencies and related instruments, and structured notes

·invest in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy

·invest in securities of companies of any size or market capitalization

·invest in debt securities of any maturity or duration

·invest in securities of any particular quality or investment grade and, as a result, the Portfolio may invest significantly in securities rated below investment grade (e.g., lower than Baa by Moody’s Investors Service, Inc. or lower than BBB by S&P Global Ratings) (“junk bonds”) or securities that are unrated

·enter into swap agreements (including credit default swap agreements) and forward contracts, and may purchase and write put and covered call options, on securities, indexes and currencies, for hedging purposes (although it is not required to do so) or to seek to increase returns

Under normal market conditions, the Portfolio invests significantly (at least 40%—unless market conditions are not deemed favorable by the Investment Manager, in which case the Portfolio would invest at least 30%) in issuers organized or located outside the US or doing a substantial amount of business outside the US, securities denominated in a foreign currency or foreign currency forward contracts.

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GDMIX - Performance

Return Ranking - Trailing

Period GDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -23.7% 16.4% 86.27%
1 Yr N/A -8.9% 48.3% 43.13%
3 Yr N/A* -2.2% 16.4% 90.42%
5 Yr N/A* -0.7% 13.4% 73.36%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period GDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -40.8% 20.6% 89.14%
2022 -20.0% -21.0% 24.5% 77.45%
2021 -5.4% -24.2% 27.8% 11.21%
2020 -1.0% -23.1% 11.7% 94.78%
2019 16.3% -100.0% 20.6% 11.99%

Total Return Ranking - Trailing

Period GDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -23.7% 16.4% 85.62%
1 Yr N/A -12.8% 48.3% 40.25%
3 Yr N/A* -3.4% 16.4% 88.21%
5 Yr N/A* -1.1% 13.4% 67.51%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period GDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% -40.8% 20.6% 89.14%
2022 -17.0% -21.0% 24.5% 77.45%
2021 12.2% -24.2% 27.8% 11.21%
2020 1.0% -23.1% 11.7% 97.52%
2019 17.8% -2.9% 23.1% 3.54%

NAV & Total Return History


GDMIX - Holdings

Concentration Analysis

GDMIX Category Low Category High GDMIX % Rank
Net Assets 10.5 M 1.12 M 110 B 95.25%
Number of Holdings 604 2 10961 34.66%
Net Assets in Top 10 1.25 M -31.7 M 22 B 91.65%
Weighting of Top 10 11.91% 10.8% 100.0% 74.72%

Top 10 Holdings

  1. Apple Inc 2.04%
  2. Microsoft Corp 1.88%
  3. iShares MSCI World ETF 1.12%
  4. Alphabet Inc 1.06%
  5. NVIDIA Corp 1.04%
  6. United States Treasury Note/Bond 1.02%
  7. United States Treasury Note/Bond 0.99%
  8. Province of British Columbia Canada 0.98%
  9. Czech Republic Government Bond 0.93%
  10. Housing New Zealand Ltd 0.86%

Asset Allocation

Weighting Return Low Return High GDMIX % Rank
Stocks
57.50% -45.72% 98.42% 86.01%
Bonds
42.84% -39.76% 93.84% 8.77%
Convertible Bonds
1.43% 0.00% 25.49% 19.83%
Preferred Stocks
0.00% -0.03% 14.00% 69.52%
Cash
0.00% -97.12% 185.58% 43.22%
Other
-0.15% -1.25% 197.12% 72.44%

Stock Sector Breakdown

Weighting Return Low Return High GDMIX % Rank
Technology
21.42% 0.00% 39.48% 20.81%
Healthcare
14.28% 0.00% 30.30% 15.50%
Financial Services
13.18% 0.00% 30.34% 66.45%
Industrials
12.29% 0.09% 32.39% 21.23%
Consumer Cyclical
9.60% 0.00% 20.84% 44.59%
Consumer Defense
8.97% 0.00% 31.85% 20.59%
Communication Services
8.51% 0.00% 28.59% 23.14%
Energy
3.71% 0.00% 38.61% 74.52%
Basic Materials
2.88% 0.00% 60.23% 87.05%
Utilities
2.85% 0.00% 40.29% 49.47%
Real Estate
2.31% 0.00% 90.14% 73.04%

Stock Geographic Breakdown

Weighting Return Low Return High GDMIX % Rank
US
42.83% -4.82% 95.75% 66.60%
Non US
14.66% -46.69% 57.06% 89.14%

Bond Sector Breakdown

Weighting Return Low Return High GDMIX % Rank
Government
50.03% 0.00% 98.64% 21.09%
Corporate
36.81% 0.00% 99.90% 34.66%
Municipal
1.89% 0.00% 31.28% 4.38%
Cash & Equivalents
0.00% 0.10% 100.00% 66.81%
Securitized
0.00% 0.00% 83.28% 73.90%
Derivative
-0.15% 0.00% 41.88% 44.68%

Bond Geographic Breakdown

Weighting Return Low Return High GDMIX % Rank
Non US
24.00% -39.00% 137.36% 3.97%
US
18.83% -177.12% 87.76% 31.94%

GDMIX - Expenses

Operational Fees

GDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.17% 0.16% 2.71% 61.17%
Management Fee 0.80% 0.00% 1.70% 83.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% 1.58%

Sales Fees

GDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 77.08%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 441.00% 68.66%

GDMIX - Distributions

Dividend Yield Analysis

GDMIX Category Low Category High GDMIX % Rank
Dividend Yield 2.90% 0.00% 10.92% 15.80%

Dividend Distribution Analysis

GDMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

GDMIX Category Low Category High GDMIX % Rank
Net Income Ratio 0.91% -5.20% 6.33% 71.68%

Capital Gain Distribution Analysis

GDMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GDMIX - Fund Manager Analysis

Managers

Jai Jacob


Start Date

Tenure

Tenure Rank

May 27, 2016

6.01

6.0%

Jai Jacob is a Managing Director and Portfolio Manager/Analyst, leading the Lazard Multi-Asset investment team. Prior to joining the Multi-Asset investment team, Jai worked in Global Risk Management, Fixed Income, Quantitative Technology and Settlements. He led the development of Lazard's proprietary Risk Analysis system, and has built quantitative analytical tools for over 40 Lazard investment strategies. Jai began working in the investment field in 1998 upon joining Lazard. He has a BA from Cornell University.

Stephen Marra


Start Date

Tenure

Tenure Rank

May 27, 2016

6.01

6.0%

Stephen Marra is a Director and Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in strategy research. Prior to joining the Multi-Asset investment team, Stephen worked in Settlements, Fixed Income Risk and Quantitative Technology where he helped design and develop Lazard's proprietary trading and risk management systems. He began working in the investment field in 1999 upon joining Lazard. Steve has a BS in Biology from Cornell University.

Kim Tilley


Start Date

Tenure

Tenure Rank

May 01, 2020

2.08

2.1%

Kim Tilley is a Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in ETFs. She began working in the investment field in 2000. Prior to joining Lazard in 2002, Kim worked on the Institutional Equity Sales Desk at Wachovia Securities, Inc. She has a BS in Finance from Miami University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25