Lazard Real Assets Portfolio
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
3.5%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$24.1 M
Holdings in Top 10
33.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 32.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RALYX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameLazard Real Assets Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateJul 22, 2022
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal market conditions, the Portfolio invests at least 80% of its assets in real assets investments, including instruments providing exposure to such investments (such as derivative instruments).
“Real assets” are considered by the Portfolio to be:
(i) assets that have physical properties, such as:
·natural resources, such as energy and materials (e.g., metals and mining, paper and forestry and chemicals)
·real estate, such as real estate investment trusts (“REITs”) and real estate operating companies (“Real Estate Investments”)
·equipment and industrials, such as tools, hardware, machinery and other industrial components
·infrastructure, such as utilities, transport, communications, pipelines, seaports, airports and toll roads
·commodities, such as physical commodities with tangible properties such as gas, oil, metals, livestock or agricultural products; and
(ii) companies that typically derive at least 50% of their revenues or profits from, or have at least 50% of their assets committed to, real assets.
Allocation of the Portfolio’s assets by the Investment Manager among these real assets categories will vary, and over time exposures to new categories may be added or exposures to existing categories may be eliminated.
The Portfolio may invest in equity securities of US and non-US companies, including emerging markets companies, as well as commodity-linked and other derivative instruments. In addition, the Portfolio may invest in fixed income securities of any maturity or credit quality, typically government securities, in connection with the Portfolio’s derivatives exposures (i.e., as a type of margin or collateral). The Portfolio also may invest in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy. The Portfolio may invest in companies of any market capitalization.
The Portfolio may gain exposure to the commodity markets by investing up to 25% of the Portfolio’s total assets in a wholly-owned subsidiary formed under the laws of the Cayman Islands (the “Subsidiary”), which invests mainly in commodity-linked derivative instruments (including, but not limited to, futures contracts, options and total return swaps) and fixed income securities, typically government securities, in connection with the Subsidiary’s derivatives exposures (i.e., as a type of margin or collateral).
The Investment Manager’s process for selecting investments for the Portfolio may include a variety of approaches, such a fundamental, bottom-up analysis, qualitative evaluations and quantitative models or a combination of these or other approaches. The process used will usually vary for different types of real assets categories, or category subsets.
In addition, the Portfolio may, but is not required to (1) enter into futures contracts; forward currency contracts; equity, total return, interest rate, credit default and currency swap agreements; (2) write put and call options on securities (including shares of ETFs), indexes and currencies; and (3) invest in structured notes, in each case for hedging purposes or to seek to increase returns, including as a substitute for a direct investment in securities.
RALYX - Performance
Return Ranking - Trailing
Period | RALYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | N/A | N/A | N/A |
1 Yr | 3.5% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | RALYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | RALYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | N/A | N/A | N/A |
1 Yr | 3.5% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RALYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
RALYX - Holdings
Concentration Analysis
RALYX | Category Low | Category High | RALYX % Rank | |
---|---|---|---|---|
Net Assets | 24.1 M | N/A | N/A | N/A |
Number of Holdings | 165 | N/A | N/A | N/A |
Net Assets in Top 10 | 8.04 M | N/A | N/A | N/A |
Weighting of Top 10 | 33.42% | N/A | N/A | N/A |
Top 10 Holdings
- State Street Institutional Treasury Money Market Fund 16.89%
- iShares Gold Trust 3.22%
- Prologis Inc 2.17%
- SBA Communications Corp 1.76%
- Crown Castle Inc 1.70%
- American Tower Corp 1.65%
- Equinix Inc 1.61%
- Vinci SA 1.55%
- National Grid PLC 1.46%
- iShares Silver Trust 1.42%
Asset Allocation
Weighting | Return Low | Return High | RALYX % Rank | |
---|---|---|---|---|
Stocks | 66.92% | N/A | N/A | N/A |
Cash | 21.92% | N/A | N/A | N/A |
Bonds | 12.72% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Other | -1.57% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | RALYX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RALYX % Rank | |
---|---|---|---|---|
US | 44.79% | N/A | N/A | N/A |
Non US | 22.14% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | RALYX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 16.89% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Derivative | -1.57% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RALYX % Rank | |
---|---|---|---|---|
US | 12.72% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
RALYX - Expenses
Operational Fees
RALYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 32.66% | N/A | N/A | N/A |
Management Fee | 0.65% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
RALYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
RALYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
RALYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
RALYX - Distributions
Dividend Yield Analysis
RALYX | Category Low | Category High | RALYX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.07% | N/A | N/A | N/A |
Dividend Distribution Analysis
RALYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly |
Net Income Ratio Analysis
RALYX | Category Low | Category High | RALYX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
RALYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 22, 2024 | $0.074 | OrdinaryDividend |
Dec 22, 2023 | $0.147 | OrdinaryDividend |
Sep 22, 2023 | $0.012 | OrdinaryDividend |
Jun 23, 2023 | $0.065 | OrdinaryDividend |
Mar 23, 2023 | $0.065 | OrdinaryDividend |
Dec 23, 2022 | $0.572 | OrdinaryDividend |
Sep 22, 2022 | $0.072 | OrdinaryDividend |