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Lazard Developing Markets Equity Portfolio
mutual fund
LDMOX
Payout Change
Pending
Price as of:
$14.49
+0.19
+1.33%
primary theme
Emerging Markets Equity
share class
LDMOX (Mutual Fund)
Lazard Developing Markets Equity Portfolio
Payout Change
Pending
Price as of:
$14.49
+0.19
+1.33%
primary theme
Emerging Markets Equity
share class
LDMOX (Mutual Fund)
Lazard Developing Markets Equity Portfolio
Payout Change
Pending
Price as of:
$14.49
+0.19
+1.33%
primary theme
Emerging Markets Equity
share class
Name
As of 10/02/2024Price
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
Vitals
YTD Return
15.1%
1 yr return
25.9%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
3.5%
Net Assets
$90.5 M
Holdings in Top 10
40.2%
52 WEEK LOW AND HIGH
$14.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
LDMOX - Profile
Distributions
- YTD Total Return 15.1%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameLazard Developing Markets Equity Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateSep 30, 2008
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin O'Hare
Fund Description
The Portfolio invests primarily in equity securities, principally common stocks, of non-US companies whose principal activities are located in emerging market countries (also known as “developing markets”).
Emerging market countries include all countries represented by the MSCI Emerging Markets Index, which currently includes: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The Investment Manager employs a relative growth investment philosophy that is based on value creation through the process of bottom-up stock selection. The Investment Manager’s approach consists of an analytical framework, accounting validation, fundamental analysis and portfolio construction parameters. The Investment Manager’s selection process focuses on growth and considers the sustainability of growth and the trade off between valuation and growth. Implementation of the Portfolio’s investment strategy may, during certain periods, result in the investment of a significant portion of the Portfolio’s assets in a particular market sector and/or a particular country.
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries. In addition to common stocks, such equity securities also may include American Depositary Receipts (“ADRs”), Global Depositary Receipts and European Depositary Receipts.
LDMOX - Performance
Return Ranking - Trailing
| Period | LDMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.1% | -12.5% | 33.2% | 52.52% |
| 1 Yr | 25.9% | -4.1% | 47.9% | 58.54% |
| 3 Yr | -1.3%* | -12.1% | 13.5% | 60.79% |
| 5 Yr | 3.5%* | -3.1% | 13.0% | 80.23% |
| 10 Yr | 3.3%* | -2.4% | 7.1% | 65.32% |
* Annualized
Return Ranking - Calendar
| Period | LDMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -6.5% | 35.5% | 63.97% |
| 2022 | -23.3% | -50.1% | -2.4% | 39.34% |
| 2021 | -11.0% | -33.1% | 22.5% | 75.00% |
| 2020 | 18.6% | -22.1% | 80.1% | 43.13% |
| 2019 | 27.7% | -0.7% | 42.0% | 6.45% |
Total Return Ranking - Trailing
| Period | LDMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.1% | -12.5% | 33.2% | 52.52% |
| 1 Yr | 25.9% | -4.1% | 47.9% | 58.54% |
| 3 Yr | -1.3%* | -12.1% | 13.5% | 60.79% |
| 5 Yr | 3.5%* | -3.1% | 13.0% | 80.23% |
| 10 Yr | 3.3%* | -2.4% | 7.1% | 65.32% |
* Annualized
Total Return Ranking - Calendar
| Period | LDMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -2.7% | 42.0% | 64.25% |
| 2022 | -22.8% | -42.2% | 1.9% | 53.46% |
| 2021 | -10.4% | -32.5% | 33.1% | 92.68% |
| 2020 | 19.0% | -20.0% | 81.6% | 44.73% |
| 2019 | 27.8% | 2.3% | 42.0% | 14.55% |
NAV & Total Return History
LDMOX - Holdings
Concentration Analysis
| LDMOX | Category Low | Category High | LDMOX % Rank | |
|---|---|---|---|---|
| Net Assets | 90.5 M | 682 K | 103 B | 76.99% |
| Number of Holdings | 66 | 10 | 7534 | 75.45% |
| Net Assets in Top 10 | 36.6 M | 290 K | 23.8 B | 72.80% |
| Weighting of Top 10 | 40.22% | 2.9% | 100.2% | 28.35% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 10.36%
- Samsung Electronics Co Ltd 5.85%
- ICICI Bank Ltd 3.75%
- Tencent Holdings Ltd 3.74%
- SK Hynix Inc 3.51%
- Reliance Industries Ltd 2.81%
- HDFC Bank Ltd 2.76%
- Trip.com Group Ltd 2.54%
- Capitec Bank Holdings Ltd 2.50%
- MediaTek Inc 2.40%
Asset Allocation
| Weighting | Return Low | Return High | LDMOX % Rank | |
|---|---|---|---|---|
| Stocks | 97.57% | 0.00% | 107.82% | 44.49% |
| Other | 2.21% | -0.46% | 26.93% | 5.16% |
| Cash | 0.22% | -2.03% | 16.88% | 90.24% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 85.08% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 64.89% |
| Bonds | 0.00% | 0.00% | 88.10% | 68.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LDMOX % Rank | |
|---|---|---|---|---|
| Technology | 30.24% | 0.00% | 47.50% | 10.88% |
| Financial Services | 25.98% | 0.00% | 48.86% | 16.95% |
| Consumer Cyclical | 15.09% | 0.00% | 48.94% | 22.60% |
| Communication Services | 8.84% | 0.00% | 39.29% | 50.85% |
| Industrials | 8.46% | 0.00% | 43.53% | 24.58% |
| Basic Materials | 5.66% | 0.00% | 30.03% | 71.19% |
| Consumer Defense | 2.30% | 0.00% | 25.90% | 93.36% |
| Energy | 2.12% | 0.00% | 24.80% | 75.85% |
| Healthcare | 1.32% | 0.00% | 16.53% | 88.42% |
| Utilities | 0.00% | 0.00% | 39.12% | 89.12% |
| Real Estate | 0.00% | 0.00% | 17.15% | 94.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LDMOX % Rank | |
|---|---|---|---|---|
| Non US | 79.94% | 0.00% | 101.28% | 72.11% |
| US | 17.63% | 0.00% | 100.13% | 22.04% |
LDMOX - Expenses
Operational Fees
| LDMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.59% | 0.03% | 29.98% | 34.41% |
| Management Fee | 1.00% | 0.00% | 2.00% | 80.45% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.77% |
| Administrative Fee | N/A | 0.01% | 0.85% | 11.79% |
Sales Fees
| LDMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LDMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 93.04% |
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.
| LDMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 39.00% | 0.00% | 189.00% | 46.23% |
LDMOX - Distributions
Dividend Yield Analysis
| LDMOX | Category Low | Category High | LDMOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 43.65% |
Dividend Distribution Analysis
| LDMOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| LDMOX | Category Low | Category High | LDMOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.00% | -1.98% | 17.62% | 76.56% |
Capital Gain Distribution Analysis
| LDMOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.253 | OrdinaryDividend |
| Dec 22, 2022 | $0.069 | OrdinaryDividend |
| Dec 22, 2021 | $0.078 | OrdinaryDividend |
| Aug 19, 2021 | $0.038 | OrdinaryDividend |
| Dec 22, 2020 | $0.000 | OrdinaryDividend |
| Aug 20, 2020 | $0.043 | OrdinaryDividend |
| Aug 21, 2019 | $0.006 | OrdinaryDividend |
| Aug 21, 2018 | $0.089 | ExtraDividend |
| Dec 22, 2016 | $0.062 | OrdinaryDividend |
| Aug 22, 2016 | $0.002 | ExtraDividend |
| Dec 21, 2015 | $0.003 | OrdinaryDividend |
| Aug 24, 2015 | $0.009 | ExtraDividend |
| Dec 22, 2014 | $0.131 | OrdinaryDividend |
| Dec 23, 2013 | $0.045 | OrdinaryDividend |
| Aug 19, 2013 | $0.025 | ExtraDividend |
| Dec 24, 2012 | $0.072 | OrdinaryDividend |
| Dec 28, 2011 | $0.302 | CapitalGainShortTerm |
| Dec 28, 2011 | $0.087 | CapitalGainLongTerm |
| Aug 09, 2011 | $0.053 | CapitalGainShortTerm |
| Aug 09, 2011 | $0.054 | CapitalGainLongTerm |
| Dec 28, 2010 | $0.950 | CapitalGainShortTerm |
| Dec 28, 2010 | $0.164 | CapitalGainLongTerm |
| Dec 28, 2010 | $0.005 | OrdinaryDividend |
| Aug 09, 2010 | $0.005 | ExtraDividend |
| Aug 09, 2010 | $0.077 | CapitalGainShortTerm |
| Aug 09, 2010 | $0.432 | CapitalGainLongTerm |
| Dec 29, 2009 | $0.003 | OrdinaryDividend |
| Dec 29, 2009 | $0.387 | CapitalGainShortTerm |
| Dec 29, 2009 | $0.032 | CapitalGainLongTerm |
LDMOX - Fund Manager Analysis
Managers
Kevin O'Hare
Start Date
Tenure
Tenure Rank
Sep 30, 2008
13.67
13.7%
Kevin O'Hare is a Portfolio Manager/Analyst on the Developing Markets Equity team, focusing on the technology, health care, telecommunications and consumer discretionary sectors. He began working in the investment field in 1991. Prior to joining Lazard in 2001, Kevin was with Merrill Lynch, and Moore Capital Management. Kevin has an MBA in Finance from St. John's University and a BS in Finance from King's College. Mr. O’Hare is a CFA Charterholder.
James Donald
Start Date
Tenure
Tenure Rank
Sep 30, 2008
13.67
13.7%
James M. Donald, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on the Investment Manager’s Emerging Markets Equity team and Head of the Emerging Markets Group. Prior to joining the Investment Manager in 1996, Mr. Donald was a portfolio manager with Mercury Asset Management. Mr. Donald is a CFA Charterholder.
John Reinsberg
Start Date
Tenure
Tenure Rank
Sep 30, 2008
13.67
13.7%
John Reinsberg is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's international and global strategies. He is also a Portfolio Manager/Analyst on the Global Equity and International Equity portfolio teams. He began working in the investment field in 1981. Prior to joining Lazard in 1992, John was Executive Vice President with General Electric Investment Corporation and Trustee of the General Electric Pension Trust.
Peter Gillespie
Start Date
Tenure
Tenure Rank
Sep 30, 2008
13.67
13.7%
Peter Gillespie is a Director and Portfolio Manager/Analyst on the Developing Markets Equity team, focusing on the industrials, materials and consumer staples sectors. He began working in the investment field in 1992. Prior to joining Lazard in 2007, Peter was a portfolio manager at Newgate Capital, LLP, where he co-managed the Asian portion of an emerging markets equity fund. Mr. Donald joined Lazard in 1996 as a Portfolio Manager/Analyst on the Emerging Markets Equity team and Head of the Emerging Markets Group. Mr. Gillespie is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
