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Name

As of 04/16/2024

Price

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

Lazard Developing Markets Equity Portfolio

LDMIX | Fund

$12.62

$91.4 M

2.20%

$0.28

1.23%

Vitals

YTD Return

-0.4%

1 yr return

3.0%

3 Yr Avg Return

-9.9%

5 Yr Avg Return

-0.5%

Net Assets

$91.4 M

Holdings in Top 10

34.6%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

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

Lazard Developing Markets Equity Portfolio

LDMIX | Fund

$12.62

$91.4 M

2.20%

$0.28

1.23%

LDMIX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -9.9%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.28%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Lazard Developing Markets Equity Portfolio
  • Fund Family Name
    LAZARDFUND
  • Inception Date
    Sep 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Donald

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.

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LDMIX - Performance

Return Ranking - Trailing

Period LDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -11.6% 10.4% 30.72%
1 Yr 3.0% -13.0% 31.1% 55.62%
3 Yr -9.9%* -24.8% 7.1% 70.50%
5 Yr -0.5%* -8.8% 10.4% 79.62%
10 Yr 1.8%* -3.1% 6.2% 60.20%

* Annualized

Return Ranking - Calendar

Period LDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -6.5% 35.5% 62.87%
2022 -23.2% -50.1% -2.4% 37.99%
2021 -11.0% -33.1% 22.5% 74.93%
2020 19.0% -22.1% 80.1% 42.13%
2019 27.4% -0.7% 42.0% 7.34%

Total Return Ranking - Trailing

Period LDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -11.6% 10.4% 30.72%
1 Yr 3.0% -13.0% 31.1% 55.62%
3 Yr -9.9%* -24.8% 7.1% 70.50%
5 Yr -0.5%* -8.8% 10.4% 79.62%
10 Yr 1.8%* -3.1% 6.2% 60.20%

* Annualized

Total Return Ranking - Calendar

Period LDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% -2.7% 42.0% 61.38%
2022 -22.6% -42.2% 1.9% 51.12%
2021 -10.1% -32.5% 33.1% 91.30%
2020 19.3% -20.0% 81.6% 43.52%
2019 28.2% 2.3% 42.0% 11.96%

NAV & Total Return History

LDMIX - Holdings

Concentration Analysis

LDMIX Category Low Category High LDMIX % Rank
Net Assets 91.4 M 682 K 103 B 76.04%
Number of Holdings 67 10 7049 72.69%
Net Assets in Top 10 32 M 118 K 19.2 B 72.56%
Weighting of Top 10 34.63% 0.7% 122.2% 43.83%

Top 10 Holdings

  1. Samsung Electronics Co Ltd 6.35%
  2. Taiwan Semiconductor Manufacturing Co Ltd 5.44%
  3. Grupo Financiero Banorte SAB de CV 3.49%
  4. ICICI Bank Ltd 3.25%
  5. Tencent Holdings Ltd 3.12%
  6. HDFC Bank Ltd 3.02%
  7. Richter Gedeon Nyrt 2.60%
  8. Bank Rakyat Indonesia Persero Tbk PT 2.48%
  9. Reliance Industries Ltd 2.44%
  10. Lotes Co Ltd 2.43%

Asset Allocation

Weighting Return Low Return High LDMIX % Rank
Stocks 		97.34% 0.00% 103.65% 41.77%
Cash 		2.66% -2.03% 99.29% 32.13%
Preferred Stocks 		0.00% 0.00% 10.09% 62.78%
Other 		0.00% -1.64% 50.31% 41.63%
Convertible Bonds 		0.00% 0.00% 7.40% 18.60%
Bonds 		0.00% 0.00% 94.30% 28.11%

Stock Sector Breakdown

Weighting Return Low Return High LDMIX % Rank
Technology 		30.24% 0.00% 47.50% 11.52%
Financial Services 		25.98% 0.00% 48.86% 17.62%
Consumer Cyclical 		15.09% 0.00% 48.94% 22.76%
Communication Services 		8.84% 0.00% 39.29% 50.41%
Industrials 		8.46% 0.00% 43.53% 24.66%
Basic Materials 		5.66% 0.00% 30.03% 70.46%
Consumer Defense 		2.30% 0.00% 25.90% 93.09%
Energy 		2.12% 0.00% 24.80% 75.34%
Healthcare 		1.32% 0.00% 16.53% 88.08%
Utilities 		0.00% 0.00% 39.12% 74.39%
Real Estate 		0.00% 0.00% 17.15% 86.72%

Stock Geographic Breakdown

Weighting Return Low Return High LDMIX % Rank
Non US 		79.23% 0.00% 100.18% 68.94%
US 		18.11% 0.00% 101.58% 26.24%

LDMIX - Expenses

Operational Fees

LDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.03% 24.48% 57.66%
Management Fee 1.00% 0.00% 2.00% 74.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% 6.92%

Sales Fees

LDMIX 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

LDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 81.74%

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.

LDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 189.00% 44.50%

LDMIX - Distributions

Dividend Yield Analysis

LDMIX Category Low Category High LDMIX % Rank
Dividend Yield 2.20% 0.00% 10.30% 39.49%

Dividend Distribution Analysis

LDMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annual

Net Income Ratio Analysis

LDMIX Category Low Category High LDMIX % Rank
Net Income Ratio 0.28% -1.98% 17.62% 65.69%

Capital Gain Distribution Analysis

LDMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Quarterly Annually

Distributions History

View More +

LDMIX - Fund Manager Analysis

Managers

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.

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.

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 6.54 13.42

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