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LZEMX Lazard Emerging Markets Equity Instl

  • Fund
  • LZEMX
  • Price as of: Sep 17, 2019
  • $17.06 - $0.11 - 0.64%

LZEMX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return -3.1%
  • Net Assets $7.75 B
  • Holdings in Top 10 30.3%

52 WEEK LOW AND HIGH

$17.06
$15.72
$18.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Jul 19, 2010

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Lazard Emerging Markets Equity Portfolio
  • Fund Family Name Lazard
  • Inception Date Jul 15, 1994
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager John R. Reinsberg

Fund Description

The Lazard Emerging Markets Equity Portfolio Institutional Shares (LZEMX) is an actively managed fund that seeks to aggressively grow investor capital. The fund invests in emerging-market stocks of all market caps that meet certain value metrics. These include contrasting price with growth potential. LZEMX also applies quantitative research to its stock picks in order to monitor risks with regards to country selection.

With a unique twist on emerging-market equities, LZEMX could make for a great subcore position for investors. The fund is managed by Lazard Asset Management Ltd.

LZEMX - Performance

Return Ranking - Trailing

Period LZEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -7.6% 27.4% 79.70%
1 Yr 1.4% -24.7% 26.3% 48.96%
3 Yr 1.7%* -14.3% 11.8% 83.72%
5 Yr -3.1%* -20.2% 23.6% 89.35%
10 Yr -0.2%* -10.4% 10.8% 89.81%

* Annualized


Return Ranking - Calendar

Period LZEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.8% -41.9% 1.7% 59.91%
2017 25.4% 0.0% 50.3% 79.91%
2016 18.8% -10.1% 241.4% 4.20%
2015 -21.8% -33.4% -1.5% 95.98%
2014 -7.9% -46.3% 32.9% 75.60%

Total Return Ranking - Trailing

Period LZEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -7.6% 27.4% 79.70%
1 Yr 1.4% -24.7% 26.3% 56.05%
3 Yr 2.8%* -14.3% 13.0% 85.38%
5 Yr -1.3%* -20.2% 27.5% 80.79%
10 Yr 2.8%* -10.4% 15.5% 57.28%

* Annualized


Total Return Ranking - Calendar

Period LZEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.5% -41.9% 1.7% 62.85%
2017 28.0% 0.0% 50.4% 81.17%
2016 20.5% -10.0% 249.7% 4.03%
2015 -20.2% -33.4% -1.5% 91.35%
2014 -4.1% -46.2% 32.9% 58.37%

NAV & Total Return History

LZEMX - Holdings

Concentration Analysis

LZEMX Category Low Category High LZEMX % Rank
Net Assets 7.75 B 942 K 83.3 B 4.65%
Number of Holdings 85 2 5002 61.62%
Net Assets in Top 10 2.53 B 145 K 16.5 B 6.37%
Weighting of Top 10 30.33% 4.3% 98.4% 56.31%

Top 10 Holdings

  1. China Construction Bank Corp Class H 4.85%

  2. Samsung Electronics Co Ltd 4.49%

  3. Banco do Brasil SA BB Brasil 3.85%

  4. Sberbank of Russia PJSC 3.08%

  5. NetEase Inc ADR 2.85%

  6. SK Hynix Inc 2.72%

  7. Taiwan Semiconductor Manufacturing Co Ltd 2.51%

  8. PT Bank Mandiri (Persero) Tbk 2.09%

  9. Tata Consultancy Services Ltd 1.95%

  10. Weichai Power Co Ltd Class H 1.93%


Asset Allocation

Weighting Return Low Return High LZEMX % Rank
Stocks
96.25% 74.96% 103.16% 68.26%
Cash
3.75% -8.77% 23.79% 26.03%
Preferred Stocks
0.00% 0.00% 2.81% 66.14%
Other
0.00% -3.83% 10.03% 67.99%
Convertible Bonds
0.00% 0.00% 2.95% 65.60%
Bonds
0.00% -0.01% 3.89% 66.40%

Stock Sector Breakdown

Weighting Return Low Return High LZEMX % Rank
Financial Services
28.31% 1.61% 50.65% 22.31%
Technology
21.30% 0.00% 46.63% 57.37%
Energy
9.74% 0.00% 23.78% 9.30%
Communication Services
8.31% 0.00% 19.90% 7.30%
Basic Materials
7.89% 0.00% 16.68% 24.70%
Industrials
7.30% 0.00% 20.96% 30.54%
Consumer Cyclical
6.60% 0.53% 37.83% 90.70%
Consumer Defense
5.27% 0.00% 48.06% 82.87%
Utilities
0.94% 0.00% 13.37% 57.24%
Healthcare
0.60% 0.00% 14.87% 87.92%
Real Estate
0.00% 0.00% 11.95% 95.09%

Stock Geographic Breakdown

Weighting Return Low Return High LZEMX % Rank
Non US
95.40% 66.71% 131.33% 60.82%
US
0.85% -32.60% 17.55% 41.83%

LZEMX - Expenses

Operational Fees

LZEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.04% 124.05% 85.40%
Management Fee 1.00% 0.00% 2.00% 63.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.00% 0.85% 8.23%

Sales Fees

LZEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LZEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.25% 2.00% 92.92%

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.

LZEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 2.00% 254.00% 11.92%

LZEMX - Distributions

Dividend Yield Analysis

LZEMX Category Low Category High LZEMX % Rank
Dividend Yield 1.62% 0.00% 23.21% 22.15%

Dividend Distribution Analysis

LZEMX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

LZEMX Category Low Category High LZEMX % Rank
Net Income Ratio 2.12% -1.69% 5.73% 13.51%

Capital Gain Distribution Analysis

LZEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

LZEMX - Managers

John R. Reinsberg

Manager

Start Date

Tenure

Tenure Rank

Jul 15, 1994

25.15

25.2%

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.


James M. Donald

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2001

17.76

17.8%

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. Reinsberg joined Lazard in 1992 as a Portfolio Manager/Analyst on the Global Equity and International Equity portfolio teams. Mr. Reinsberg is also Deputy Chairman of Lazard, responsible for oversight of the firm's international and global strategies. Prior to joining Lazard, James was a Portfolio Manager with Mercury Asset Management. He has a BA (Hons) in history from the University of Western Ontario.


Rohit Chopra

Manager

Start Date

Tenure

Tenure Rank

May 01, 2007

12.34

12.3%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2014

4.67

4.7%

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.


Tenure Analysis

Category Low

0.0

Category High

25.74

Category Average

5.68

Category Mode

5.58