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GLFOX Lazard Global Listed Infrastructure Open

  • Fund
  • GLFOX
  • Price as of: Dec 05, 2016
  • $13.82
  • + $0.06
  • + 0.44%
  • Category
  • Foreign Small & Mid Cap Blend Equities

GLFOX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 10.6%
  • 5 Yr Annualized Return 15.0%
  • Net Assets $3.08 B
  • Holdings in Top 10 59.0%

52 WEEK LOW AND HIGH

$13.82
$12.71
$14.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Foreign Small & Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Infrastructure

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.19%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Lazard Global Listed Infrastructure Portfolio
  • Fund Family Name Lazard
  • Inception Date Dec 31, 2009
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager John Mulquiney

Fund Description

The fund invests primarily in equity securities, principally common stocks, of infrastructure companies and concentrates its investments in industries represented by infrastructure companies. It invests at least 80% of its assets in equity securities of infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, ports, telecommunications and other infrastructure companies, with securities listed on a national or other recognized securities exchange.

GLFOX - Performance

Return Ranking - Trailing

Period GLFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -6.0% 26.1% 33.85% 2
1 Yr 3.6% -8.8% 19.3% 39.39% 2
3 Yr 10.6% * -3.6% 10.9% 3.39% 1
5 Yr 15.0% * 2.7% 15.3% 4.08% 1
10 Yr N/A * 1.7% 6.5% N/A N/A

* Annualized


Return Ranking - Calendar

Period GLFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.1% -16.5% 11.3% 54.84% 3
2014 4.5% -20.3% 4.5% 3.57% 1
2013 19.9% 2.5% 34.5% 54.90% 3
2012 12.1% 5.2% 24.1% 77.78% 5
2011 -5.3% -25.4% -4.2% 16.67% 1

Total Return Ranking - Trailing

Period GLFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -6.0% 26.1% 30.16% 2
1 Yr 3.6% -13.3% 19.3% 34.85% 2
3 Yr 10.6% * -4.8% 10.9% 3.39% 1
5 Yr 15.0% * 2.3% 15.3% 4.08% 1
10 Yr N/A * 1.7% 6.5% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period GLFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 9.9% -16.5% 12.5% 8.06% 1
2014 23.6% -13.1% 24.3% 3.57% 1
2013 41.1% 9.9% 49.1% 15.69% 1
2012 32.3% 10.8% 62.7% 20.00% 1
2011 -3.7% -26.0% -2.6% 19.44% 1

NAV & Total Return History

GLFOX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

GLFOX Category Low Category High GLFOX % Rank Quintile
Net Assets 3.08 B 2.84 M 3.95 B 4.55% 1
Number of Holdings 29 2 3599 39.39% 5
Net Assets in Top 10 1.82 B 676 K 1.82 B 1.52% 1
Weighting of Top 10 59.0% 2.8% 100.0% 3.03% 1

Top 10 Holdings

  1. Atlantia SpA 8.20%
  2. CSX Corp 8.32%
  3. Vinci SA 8.21%
  4. Terna SpA 4.87%
  5. Snam SpA 4.85%
  6. Eutelsat Communications 4.92%
  7. SES SA DR 4.78%
  8. Abertis Infraestructuras SA 4.84%
  9. Norfolk Southern Corp 5.01%
  10. Union Pacific Corp 4.95%

Asset Allocation

Weighting Category Low Category High GLFOX % Rank Quintile
Stocks
95.28% 53.84% 99.89% 18.18% 3
Cash
4.73% 0.00% 34.27% 10.61% 2
Other
0.00% 0.00% 8.04% 34.85% 5
Convertible Bonds
0.00% 0.00% 0.00% 1.52% 5
Preferred Stocks
0.00% 0.00% 0.18% 9.09% 5
Bonds
0.00% 0.00% 10.72% 10.61% 5

Stock Sector Breakdown

Weighting Category Low Category High GLFOX % Rank Quintile
Industrials
54.94% 9.43% 54.94% 1.52% 1
Utilities
30.63% 0.00% 30.63% 1.52% 1
Technology
4.92% 2.18% 29.37% 39.39% 5
Consumer Cyclical
4.78% 4.78% 28.84% 42.42% 5
Financial Services
0.00% 0.00% 19.50% 40.91% 5
Healthcare
0.00% 0.00% 16.87% 39.39% 5
Energy
0.00% 0.00% 10.11% 33.33% 5
Communication Services
0.00% 0.00% 4.11% 28.79% 5
Consumer Defense
0.00% 0.00% 14.81% 42.42% 5
Real Estate
0.00% 0.00% 10.45% 39.39% 5
Basic Materials
0.00% 0.00% 12.16% 42.42% 5

Stock Geographic Breakdown

Weighting Category Low Category High GLFOX % Rank Quintile
Non US
65.07% 47.29% 98.31% 37.88% 5
US
30.21% 0.00% 41.97% 3.03% 1

GLFOX - Expenses

Operational Fees

GLFOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.23% 0.15% 42.98% 56.06% 2
Management Fee 0.90% 0.12% 1.25% 13.64% 2
12b-1 Fee 0.25% 0.00% 1.00% 17.14% 4
Administrative Fee 0.02% 0.01% 0.15% 26.47% 1

Sales Fees

GLFOX Fees (% of AUM) Category Low Category High GLFOX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

GLFOX Fees (% of AUM) Category Low Category High GLFOX Rank Quintile
Max Redemption Fee 1.00% 0.25% 2.00% 6.45% 1

Turnover 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.

GLFOX Fees (% of AUM) Category Low Category High GLFOX Rank Quintile
Turnover 34.00% 8.00% 173.00% 27.69% 2

GLFOX - Distributions

Dividend Yield Analysis

GLFOX Category Low Category High GLFOX % Rank Quintile
Dividend Yield 0.4% 0.01% 2.98% 22.00% 2

Dividend Distribution Analysis

GLFOX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

GLFOX Category Low Category High GLFOX % Rank Quintile
Net Income Ratio 2.19% -0.36% 2.97% 9.09% 1

Capital Gain Distribution Analysis

GLFOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

GLFOX - Managers

John Mulquiney

Manager

Start Date

Dec 31, 2009

Tenure

6.84

Tenure Rank

7.0%

John Mulquiney, CFA Senior Vice President, Portfolio Manager/Analyst Lazard Asset Management Pacific Co. (Sydney) John is a portfolio manager/analyst with Lazard Asset Management Pacific in Sydney, Australia and has been working in the investment field since 1997. Prior to joining Lazard in August 2005, John worked at Tyndall Australia and in the Asset and Infrastructure Group at Macquarie Bank, where he undertook transactions and developed valuation models for airports, electricity generators, rail projects and health infrastructure. Most recently John spent four years at Nanyang Ventures, an early expansion venture capital fund. John holds a PhD from the Australian National University, and a BA (Hons) from Sydney University. He is a Chartered Financial Analyst.


Warryn Robertson

Manager

Start Date

Dec 31, 2009

Tenure

6.84

Tenure Rank

7.0%

Warryn Robertson Senior Vice President, Portfolio Manager/Analyst Lazard Asset Management Pacific Co. (Sydney) Warryn is a Portfolio Manager/Analyst with Lazard Asset Management Pacific in Sydney, Australia and has been working in the investment field since 1992. Prior to joining Lazard in April 2001, Warryn was an Associate Director at Capital Partners. Previously, Warryn worked at PriceWaterhouseCoopers Corporate Finance. Warryn holds an MBA from the Melbourne Business School (Melbourne University) and a B.Comm, University of Canberra.


Matthew Landy

Manager

Start Date

Mar 31, 2016

Tenure

0.59

Tenure Rank

27.5%

Matthew Landy Senior Vice President, Portfolio Manager/Analyst Lazard Asset Management LLC (New York) Matthew Landy is a Portfolio Manager/Analyst with the Global Listed Infrastructure Team. He began working in the investment field in 1995. Prior to joining Lazard in 2005, Matt worked in the private equity industry where he was involved in early stage venture capital in Europe and management buy-out investing in Australia. Previously he was an Equity Analyst with Tyndall Investment Management. Matt has a B. Comm. and a BA from Monash University in Melbourne, Australia.


Tenure Analysis

Category Low

0.6

Category High

21.0

Category Average

6.43

Category Mode

4.8