Lazard Managed Equity Volatility Portfolio
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.3%
1 yr return
15.6%
3 Yr Avg Return
6.6%
5 Yr Avg Return
5.8%
Net Assets
$17.7 M
Holdings in Top 10
14.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 110.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MEVIX - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return 6.6%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.62%
- Dividend Yield 2.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameLazard Managed Equity Volatility Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateMay 29, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Moghtader
Fund Description
The Portfolio invests primarily in equity securities, principally common stocks, of US and non-US companies. In managing the Portfolio, the Investment Manager utilizes a quantitatively driven, bottom up stock selection process. A principal component of the Investment Manager’s investment process for the Portfolio is volatility management. Volatility, a risk measurement, measures the magnitude of fluctuations in the value of a financial instrument or index over time. The Investment Manager seeks to generate attractive risk-adjusted equity returns (returns after accounting for the risk taken to achieve those returns) while lowering portfolio volatility (up and down movements in the fund’s returns). The Investment Manager’s investment process is benchmark-unaware, which means that the Portfolio’s assets are not managed by reference to a benchmark index. The Investment Manager examines fundamental company information (such as financial statements) and seeks to identify high quality companies with sustainable operating performance in order to build a well-diversified global portfolio of common stocks. The Investment Manager performs an independent assessment of stock risk and also seeks to manage risk through diversification.
The Portfolio management team selects investments for the Portfolio from a broad investment universe of stocks and depositary receipts, including American Depositary Receipts (“ADRs”), Global Depositary Receipts and European Depositary Receipts, real estate investment trusts (“REITs”), warrants and rights. The active, quantitative approach utilized by the Portfolio management team involves initial screening, risk assessment and evaluation of each company relative to its global peers. The Portfolio will typically focus on securities of developed market companies, using an objective, systematic investment process that blends both risk and stock ranking assessments designed to capture attractive risk-to-return characteristics and create a low volatility portfolio. In addition to a multidimensional assessment of risk, each company is evaluated daily according to four independent measures: growth, value, sentiment and quality. The Portfolio may invest across the capitalization spectrum.
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities.
The Portfolio may invest in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy.
MEVIX - Performance
Return Ranking - Trailing
Period | MEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -35.6% | 29.2% | 58.28% |
1 Yr | 15.6% | 17.3% | 252.4% | 99.43% |
3 Yr | 6.6%* | -3.5% | 34.6% | 96.11% |
5 Yr | 5.8%* | 0.1% | 32.7% | 93.83% |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | MEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -24.3% | 957.1% | 94.68% |
2022 | -9.4% | -38.3% | 47.1% | 58.41% |
2021 | 11.8% | -54.2% | 0.6% | 10.63% |
2020 | -7.0% | -76.0% | 54.1% | 65.15% |
2019 | 20.0% | -26.1% | 47.8% | 32.85% |
Total Return Ranking - Trailing
Period | MEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -35.6% | 29.2% | 58.84% |
1 Yr | 15.6% | 11.4% | 252.4% | 98.64% |
3 Yr | 6.6%* | -3.5% | 34.6% | 94.89% |
5 Yr | 5.8%* | 0.1% | 32.7% | 92.89% |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.6% | -24.3% | 957.1% | 94.68% |
2022 | -6.7% | -33.1% | 47.1% | 58.79% |
2021 | 19.0% | -44.4% | 1.8% | 23.15% |
2020 | -5.2% | -6.5% | 54.1% | 60.61% |
2019 | 21.7% | -14.4% | 47.8% | 27.11% |
NAV & Total Return History
MEVIX - Holdings
Concentration Analysis
MEVIX | Category Low | Category High | MEVIX % Rank | |
---|---|---|---|---|
Net Assets | 17.7 M | 199 K | 133 B | 87.83% |
Number of Holdings | 201 | 1 | 9075 | 20.37% |
Net Assets in Top 10 | 2.54 M | -18 M | 37.6 B | 93.61% |
Weighting of Top 10 | 14.10% | 9.1% | 100.0% | 95.42% |
Top 10 Holdings
- Roche Holding AG 1.74%
- Gilead Sciences Inc 1.56%
- Japan Post Holdings Co Ltd 1.53%
- Kimberly-Clark Corp 1.44%
- Procter Gamble Co/The 1.40%
- Bristol-Myers Squibb Co 1.40%
- Tokyo Gas Co Ltd 1.38%
- Verizon Communications Inc 1.24%
- Colgate-Palmolive Co 1.22%
- Metro Inc/CN 1.20%
Asset Allocation
Weighting | Return Low | Return High | MEVIX % Rank | |
---|---|---|---|---|
Stocks | 99.33% | 61.84% | 125.47% | 53.74% |
Cash | 0.67% | -174.70% | 23.12% | 41.30% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 44.60% |
Other | 0.00% | -13.98% | 19.14% | 51.32% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 38.22% |
Bonds | 0.00% | -1.50% | 161.67% | 41.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MEVIX % Rank | |
---|---|---|---|---|
Consumer Defense | 19.14% | 0.00% | 73.28% | 5.18% |
Healthcare | 17.79% | 0.00% | 35.42% | 23.46% |
Communication Services | 10.29% | 0.00% | 57.66% | 54.30% |
Financial Services | 9.96% | 0.00% | 38.42% | 81.61% |
Technology | 9.81% | 0.00% | 49.87% | 95.26% |
Industrials | 9.39% | 0.00% | 44.06% | 30.95% |
Utilities | 8.23% | 0.00% | 29.12% | 4.85% |
Real Estate | 5.77% | 0.00% | 39.48% | 1.76% |
Consumer Cyclical | 5.07% | 0.00% | 40.94% | 82.60% |
Basic Materials | 2.49% | 0.00% | 38.60% | 66.08% |
Energy | 2.07% | 0.00% | 21.15% | 78.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MEVIX % Rank | |
---|---|---|---|---|
US | 62.71% | 0.13% | 103.82% | 34.03% |
Non US | 36.62% | 0.58% | 99.46% | 63.00% |
MEVIX - Expenses
Operational Fees
MEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.01% | 44.27% | 48.12% |
Management Fee | 0.60% | 0.00% | 1.82% | 30.42% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | 8.91% |
Sales Fees
MEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 78.95% |
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.
MEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 110.00% | 0.00% | 395.00% | 96.56% |
MEVIX - Distributions
Dividend Yield Analysis
MEVIX | Category Low | Category High | MEVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.40% | 0.00% | 3.26% | 37.86% |
Dividend Distribution Analysis
MEVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Annually | Annually |
Net Income Ratio Analysis
MEVIX | Category Low | Category High | MEVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.62% | -4.27% | 12.65% | 19.20% |
Capital Gain Distribution Analysis
MEVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.461 | OrdinaryDividend |
Aug 18, 2023 | $0.034 | OrdinaryDividend |
Dec 23, 2022 | $0.207 | OrdinaryDividend |
Aug 19, 2022 | $0.149 | OrdinaryDividend |
Aug 20, 2021 | $0.173 | OrdinaryDividend |
Aug 22, 2019 | $0.004 | OrdinaryDividend |
Dec 24, 2018 | $0.161 | OrdinaryDividend |
Dec 22, 2017 | $0.165 | OrdinaryDividend |
Dec 23, 2016 | $0.189 | OrdinaryDividend |
Aug 23, 2016 | $0.030 | ExtraDividend |
Dec 22, 2015 | $0.165 | OrdinaryDividend |
MEVIX - Fund Manager Analysis
Managers
Paul Moghtader
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Paul Moghtader, CFA Managing Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Paul Moghtader is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1992. Prior to joining Lazard in 2007, Paul was Head of the Global Active Equity Group and a Senior Portfolio Manager at State Street Global Advisors (SSgA). At SSgA Paul was the senior manager responsible for the research and portfolio management of all multi-regional active quantitative equity strategies. Previously, Paul was an analyst at State Street Bank.
Taras Ivanenko
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Taras Ivanenko, CFA Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Taras Ivanenko is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1995. Prior to joining Lazard in 2007, Taras was a Senior Portfolio Manager in the Global Active Equity group at State Street Global Advisors (SSgA). Earlier at SSgA, he was a Principal and Senior Application Development Architect in the Equity Systems group. Previously, Taras was an analyst in Quantitative Research and Trading Systems at Oxbridge Research.
Ciprian Marin
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Ciprian Marin is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1997 and joined Lazard in 2008. Education: MBA in Finance, International University of Japan and a BS in International Economics, Academy of Economic Studies Bucharest. Ciprian is a Certified Investment Adviser (UK). He holds FINRA (formerly NASD) Series 7 and JASDA Series 2 registrations. He has managed a portion of the Fund since August 2015.
Craig Scholl
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Craig Scholl is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1984 and joined Lazard in 2007. Education: BS in Finance and Public Communications, Syracuse University. He is a member of the Boston Security Analysts Society.
Susanne Willumsen
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Susanne Willumsen Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Susanne Willumsen is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. She began working in the investment field in 1993. Prior to joining Lazard in 2008, Susanne was Managing Director, Head of Active Equities Europe with State Street Global Advisors (SSgA). During her 13 year tenure at SSgA, Susanne was responsible for the research and portfolio management of all UK and European equity strategies.
Alex Lai
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Alex Lai is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 2002. Prior to joining Lazard in 2008, Alex was a Vice President and Quantitative Portfolio Manager in the Global Active Equity group at State Street Global Advisors (SSgA). Prior to that, Alex was an investment-banking analyst at Lehman Brothers Asia in Hong Kong. He has an MSc in Finance from Boston College and a BBA (Hons) in Finance and Accounting from the University of Michigan, Ann Arbor.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |