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Lazard Emerging Markets Equity Portfolio
mutual fund
LZOEX
Payout Change
Pending
Price as of:
$21.27
+0.36
+1.72%
primary theme
Emerging Markets Equity
share class
LZOEX (Mutual Fund)
Lazard Emerging Markets Equity Portfolio
Payout Change
Pending
Price as of:
$21.27
+0.36
+1.72%
primary theme
Emerging Markets Equity
share class
LZOEX (Mutual Fund)
Lazard Emerging Markets Equity Portfolio
Payout Change
Pending
Price as of:
$21.27
+0.36
+1.72%
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
19.8%
1 yr return
33.9%
3 Yr Avg Return
7.1%
5 Yr Avg Return
7.9%
Net Assets
$2.95 B
Holdings in Top 10
28.0%
52 WEEK LOW AND HIGH
$20.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
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
LZOEX - Profile
Distributions
- YTD Total Return 19.8%
- 3 Yr Annualized Total Return 7.1%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameLazard Emerging Markets Equity Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateJan 08, 1997
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Reinsberg
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 and that Lazard Asset Management LLC (the “Investment Manager”) believes are undervalued based on their earnings, cash flow or asset values.
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.
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. In addition, 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.
LZOEX - Performance
Return Ranking - Trailing
| Period | LZOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.8% | -12.5% | 33.2% | 17.37% |
| 1 Yr | 33.9% | -4.1% | 47.9% | 8.26% |
| 3 Yr | 7.1%* | -12.1% | 13.5% | 3.64% |
| 5 Yr | 7.9%* | -3.1% | 13.0% | 20.10% |
| 10 Yr | 3.7%* | -2.4% | 7.1% | 50.13% |
* Annualized
Return Ranking - Calendar
| Period | LZOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.9% | -6.5% | 35.5% | 9.50% |
| 2022 | -19.5% | -50.1% | -2.4% | 15.42% |
| 2021 | 0.6% | -33.1% | 22.5% | 20.73% |
| 2020 | -2.3% | -22.1% | 80.1% | 95.37% |
| 2019 | 15.1% | -0.7% | 42.0% | 72.23% |
Total Return Ranking - Trailing
| Period | LZOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.8% | -12.5% | 33.2% | 17.37% |
| 1 Yr | 33.9% | -4.1% | 47.9% | 8.26% |
| 3 Yr | 7.1%* | -12.1% | 13.5% | 3.64% |
| 5 Yr | 7.9%* | -3.1% | 13.0% | 20.10% |
| 10 Yr | 3.7%* | -2.4% | 7.1% | 50.13% |
* Annualized
Total Return Ranking - Calendar
| Period | LZOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -2.7% | 42.0% | 7.40% |
| 2022 | -15.1% | -42.2% | 1.9% | 10.81% |
| 2021 | 5.1% | -32.5% | 33.1% | 20.73% |
| 2020 | -0.3% | -20.0% | 81.6% | 96.49% |
| 2019 | 17.7% | 2.3% | 42.0% | 75.21% |
NAV & Total Return History
LZOEX - Holdings
Concentration Analysis
| LZOEX | Category Low | Category High | LZOEX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.95 B | 682 K | 103 B | 19.11% |
| Number of Holdings | 82 | 10 | 7534 | 62.48% |
| Net Assets in Top 10 | 804 M | 290 K | 23.8 B | 22.59% |
| Weighting of Top 10 | 28.03% | 2.9% | 100.2% | 76.12% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 5.04%
- FIXED INC CLEARING CORP.REPO 3.76%
- China Construction Bank Corp 3.06%
- ASE Technology Holding Co Ltd 2.78%
- Lenovo Group Ltd 2.70%
- Indus Towers Ltd 2.41%
- MediaTek Inc 2.18%
- OTP Bank Nyrt 2.11%
- SK Hynix Inc 2.03%
- BB Seguridade Participacoes SA 1.97%
Asset Allocation
| Weighting | Return Low | Return High | LZOEX % Rank | |
|---|---|---|---|---|
| Stocks | 95.68% | 0.00% | 107.82% | 68.20% |
| Other | 3.76% | -0.46% | 26.93% | 2.65% |
| Cash | 0.56% | -2.03% | 16.88% | 83.82% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 93.44% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 86.10% |
| Bonds | 0.00% | 0.00% | 88.10% | 86.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LZOEX % Rank | |
|---|---|---|---|---|
| Financial Services | 30.17% | 0.00% | 48.86% | 4.80% |
| Technology | 22.39% | 0.00% | 47.50% | 47.46% |
| Energy | 8.98% | 0.00% | 24.80% | 8.05% |
| Basic Materials | 8.43% | 0.00% | 30.03% | 46.47% |
| Consumer Cyclical | 8.06% | 0.00% | 48.94% | 89.69% |
| Consumer Defense | 5.50% | 0.00% | 25.90% | 66.24% |
| Communication Services | 5.08% | 0.00% | 39.29% | 83.62% |
| Industrials | 4.39% | 0.00% | 43.53% | 76.98% |
| Healthcare | 3.99% | 0.00% | 16.53% | 47.46% |
| Real Estate | 2.04% | 0.00% | 17.15% | 37.57% |
| Utilities | 0.98% | 0.00% | 39.12% | 57.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LZOEX % Rank | |
|---|---|---|---|---|
| Non US | 82.82% | 0.00% | 101.28% | 60.11% |
| US | 12.86% | 0.00% | 100.13% | 39.61% |
LZOEX - Expenses
Operational Fees
| LZOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.03% | 29.98% | 48.81% |
| Management Fee | 1.00% | 0.00% | 2.00% | 83.66% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.58% |
| Administrative Fee | N/A | 0.01% | 0.85% | 8.97% |
Sales Fees
| LZOEX 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
| LZOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 88.70% |
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.
| LZOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 0.00% | 189.00% | 32.19% |
LZOEX - Distributions
Dividend Yield Analysis
| LZOEX | Category Low | Category High | LZOEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 16.60% |
Dividend Distribution Analysis
| LZOEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| LZOEX | Category Low | Category High | LZOEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.68% | -1.98% | 17.62% | 8.25% |
Capital Gain Distribution Analysis
| LZOEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.603 | OrdinaryDividend |
| Dec 22, 2022 | $0.824 | OrdinaryDividend |
| Dec 22, 2021 | $0.499 | OrdinaryDividend |
| Aug 19, 2021 | $0.340 | OrdinaryDividend |
| Dec 22, 2020 | $0.120 | OrdinaryDividend |
| Aug 20, 2020 | $0.217 | OrdinaryDividend |
| Dec 20, 2019 | $0.255 | OrdinaryDividend |
| Aug 21, 2019 | $0.151 | OrdinaryDividend |
| Dec 21, 2018 | $0.235 | OrdinaryDividend |
| Aug 21, 2018 | $0.061 | ExtraDividend |
| Dec 21, 2017 | $0.253 | OrdinaryDividend |
| Aug 22, 2017 | $0.095 | ExtraDividend |
| Dec 22, 2016 | $0.104 | OrdinaryDividend |
| Aug 22, 2016 | $0.093 | ExtraDividend |
| Dec 21, 2015 | $0.187 | OrdinaryDividend |
| Aug 24, 2015 | $0.056 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.002 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.194 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.321 | OrdinaryDividend |
| Aug 11, 2014 | $0.157 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.355 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.306 | OrdinaryDividend |
| Dec 24, 2012 | $0.639 | CapitalGainLongTerm |
| Dec 24, 2012 | $0.299 | OrdinaryDividend |
| Dec 28, 2011 | $0.480 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.488 | OrdinaryDividend |
| Aug 09, 2011 | $0.014 | ExtraDividend |
| Dec 28, 2010 | $0.184 | OrdinaryDividend |
| Aug 09, 2010 | $0.002 | ExtraDividend |
| Dec 29, 2009 | $0.409 | OrdinaryDividend |
| Dec 22, 2008 | $0.274 | CapitalGainShortTerm |
| Dec 22, 2008 | $0.323 | CapitalGainLongTerm |
| Dec 22, 2008 | $0.428 | OrdinaryDividend |
| Aug 25, 2008 | $0.149 | CapitalGainShortTerm |
| Aug 25, 2008 | $0.596 | CapitalGainLongTerm |
| Dec 26, 2007 | $0.744 | CapitalGainShortTerm |
| Dec 26, 2007 | $2.222 | CapitalGainLongTerm |
| Dec 26, 2007 | $0.221 | OrdinaryDividend |
| Aug 27, 2007 | $0.086 | CapitalGainShortTerm |
| Aug 27, 2007 | $0.147 | CapitalGainLongTerm |
| Dec 27, 2006 | $0.594 | CapitalGainShortTerm |
| Dec 27, 2006 | $1.254 | CapitalGainLongTerm |
| Dec 27, 2006 | $0.182 | OrdinaryDividend |
| Aug 28, 2006 | $0.082 | CapitalGainShortTerm |
| Aug 28, 2006 | $0.349 | CapitalGainLongTerm |
| Dec 20, 2005 | $0.469 | CapitalGainShortTerm |
| Dec 20, 2005 | $1.014 | CapitalGainLongTerm |
| Dec 20, 2005 | $0.136 | OrdinaryDividend |
| Aug 29, 2005 | $0.189 | CapitalGainLongTerm |
| Dec 15, 2004 | $0.100 | OrdinaryDividend |
| Dec 16, 2003 | $0.135 | OrdinaryDividend |
| Dec 17, 2002 | $0.063 | OrdinaryDividend |
| Dec 11, 2001 | $0.033 | OrdinaryDividend |
LZOEX - Fund Manager Analysis
Managers
John Reinsberg
Start Date
Tenure
Tenure Rank
Jul 15, 1994
27.9
27.9%
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.
James Donald
Start Date
Tenure
Tenure Rank
Nov 30, 2001
20.51
20.5%
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.
Rohit Chopra
Start Date
Tenure
Tenure Rank
May 01, 2007
15.09
15.1%
Rohit Chopra, a Managing Director of Lazard , is a portfolio manager/analyst on the Investment Manager’s Emerging Markets Equity team, focusing on consumer and telecommunications research and analysis. He began working in the investment field in 1996. Prior to joining Lazard in 1999, Mr. Chopra was with Financial Resources Group, Deutsche Bank and Morgan Stanley. He has a BS in Finance and Information Systems from New York University and also studied at the London School of Economics and Political Science.
Monika Shrestha
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
Monika Shrestha, a Director of Lazard, is a portfolio manager/analyst on the Investment Manager’s Emerging Markets Equity team, responsible for research coverage of companies in the financials sector. Prior to joining Lazard in 2003, Ms. Shrestha was a principal at Waterview Advisors and a Corporate Finance Analyst with Salomon Smith Barney. Ms. Shrestha began working in the investment field in 1997. She has an MBA from the Harvard Business School, a BSE in Computer Science and Engineering and a BS in Economics (with a concentration in Finance) from the University of Pennsylvania.
Ganesh Ramachandran
Start Date
Tenure
Tenure Rank
Jul 16, 2020
1.87
1.9%
Ganesh Ramachandran, a Managing Director of the Lazard and a portfolio manager/analyst on the Lazard’s Emerging Income team, joined the team in 2001. Mr. Ramachandran began working in the investment field in 1997 when he joined Lazard. Ganesh Ramachandran, a Managing Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s Emerging Income and Emerging Markets Equity teams. Mr. Ramachandran began working in the investment field in 1997 when he joined the Investment Manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
