Lazard Emerging Markets Strat Eq Inst
Name
As of 06/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.1%
1 yr return
2.3%
3 Yr Avg Return
0.3%
5 Yr Avg Return
-1.5%
Net Assets
$53.7 M
Holdings in Top 10
31.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EMBIX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return -1.4%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.33%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameLazard Emerging Markets Strategic Equity Portfolio
-
Fund Family NameLazard
-
Inception DateMay 28, 2010
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGanesh Ramachandran
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 the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. The Portfolio may invest in securities of companies of any size, and the market capitalizations of companies in which the Portfolio invests may vary with market conditions. The Investment Manager seeks to opportunistically invest in companies with strong and/or improving financial productivity at attractive valuations. The Investment Manager focuses on a company’s ability to sustain “value creation” against current and future valuations. Criteria includes return on invested capital and return on equity as well as valuation relative to history, peer group, country, sector and economic potential. 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.
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.
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.
Although the Portfolio is classified as “diversified” under the Investment Company Act of 1940, as amended, it may invest in a smaller number of issuers than other, more diversified investment portfolios.
EMBIX - Performance
Return Ranking - Trailing
Period | EMBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -11.0% | 24.4% | 41.85% |
1 Yr | 2.3% | -29.6% | 19.6% | 52.21% |
3 Yr | 0.3%* | -17.3% | 12.9% | 40.75% |
5 Yr | -1.5%* | -10.4% | 35.4% | 52.45% |
10 Yr | 0.2%* | -12.3% | 12.0% | 57.56% |
* Annualized
Return Ranking - Calendar
Period | EMBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -21.5% | -50.1% | 7.2% | 30.62% |
2022 | -3.4% | -18.2% | 13.6% | 58.45% |
2021 | 4.3% | -7.2% | 79.7% | 66.81% |
2020 | 5.0% | -4.4% | 9.2% | 31.88% |
2019 | -5.0% | -7.2% | 7.0% | 85.41% |
Total Return Ranking - Trailing
Period | EMBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -30.3% | 24.4% | 40.68% |
1 Yr | 2.3% | -48.9% | 19.6% | 49.18% |
3 Yr | 0.3%* | -17.3% | 12.9% | 40.73% |
5 Yr | -1.4%* | -10.4% | 35.4% | 55.31% |
10 Yr | 1.0%* | -12.3% | 12.0% | 56.32% |
* Annualized
Total Return Ranking - Calendar
Period | EMBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -21.5% | -50.1% | 7.2% | 30.62% |
2022 | -3.4% | -18.2% | 13.6% | 58.45% |
2021 | 4.3% | -7.2% | 79.7% | 66.81% |
2020 | 5.0% | -4.4% | 9.2% | 31.88% |
2019 | -5.0% | -7.2% | 7.0% | 86.87% |
NAV & Total Return History
EMBIX - Holdings
Concentration Analysis
EMBIX | Category Low | Category High | EMBIX % Rank | |
---|---|---|---|---|
Net Assets | 53.7 M | 717 K | 102 B | 80.00% |
Number of Holdings | 76 | 10 | 6734 | 67.47% |
Net Assets in Top 10 | 18 M | 340 K | 19.3 B | 80.43% |
Weighting of Top 10 | 31.58% | 2.8% | 71.7% | 56.52% |
Top 10 Holdings
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
- Samsung Electronics Co Ltd 7.57%
Asset Allocation
Weighting | Return Low | Return High | EMBIX % Rank | |
---|---|---|---|---|
Stocks | 96.88% | 0.90% | 110.97% | 54.06% |
Cash | 3.12% | -23.67% | 20.19% | 40.15% |
Preferred Stocks | 0.00% | 0.00% | 6.07% | 61.50% |
Other | 0.00% | -1.48% | 9.95% | 57.43% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 53.25% |
Bonds | 0.00% | -0.03% | 48.23% | 58.38% |
EMBIX - Expenses
Operational Fees
EMBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.33% | 0.03% | 41.06% | 47.37% |
Management Fee | 1.00% | 0.00% | 2.00% | 76.33% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | 9.49% |
Sales Fees
EMBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.40% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
EMBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.40% | 2.00% | 90.00% |
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.
EMBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 190.00% | 84.47% |
EMBIX - Distributions
Dividend Yield Analysis
EMBIX | Category Low | Category High | EMBIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.97% | 0.00% | 13.03% | 79.11% |
Dividend Distribution Analysis
EMBIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
EMBIX | Category Low | Category High | EMBIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.33% | -1.98% | 17.62% | 31.62% |
Capital Gain Distribution Analysis
EMBIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 23, 2021 | $0.157 | OrdinaryDividend |
Aug 20, 2021 | $0.007 | OrdinaryDividend |
Dec 23, 2020 | $0.169 | OrdinaryDividend |
Dec 23, 2019 | $0.263 | OrdinaryDividend |
Dec 24, 2018 | $0.179 | OrdinaryDividend |
Aug 22, 2018 | $0.007 | ExtraDividend |
Dec 22, 2017 | $0.122 | OrdinaryDividend |
Dec 23, 2016 | $0.048 | OrdinaryDividend |
Dec 22, 2015 | $0.197 | OrdinaryDividend |
Dec 23, 2014 | $0.213 | OrdinaryDividend |
Dec 24, 2013 | $0.077 | OrdinaryDividend |
Aug 20, 2013 | $0.008 | ExtraDividend |
Dec 26, 2012 | $0.102 | OrdinaryDividend |
Aug 07, 2012 | $0.005 | ExtraDividend |
Dec 29, 2011 | $0.080 | OrdinaryDividend |
EMBIX - Fund Manager Analysis
Managers
Ganesh Ramachandran
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
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.
John Reinsberg
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
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.
Rohit Chopra
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.45 | 13.42 |