RLEDX: Lazard Emerging Markets Debt R6

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RLEDX Lazard Emerging Markets Debt R6

  • Fund
  • RLEDX
  • Price as of: Nov 20, 2019
  • $8.38 - $0.01 - 0.12%

RLEDX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $102 M
  • Holdings in Top 10 20.3%

52 WEEK LOW AND HIGH

$8.38
$7.75
$8.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

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

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.97%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lazard Emerging Markets Debt Portfolio
  • Fund Family Name Lazard
  • Inception Date Jul 28, 2016
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Denise S. Simon

Fund Description

The fund invests primarily in debt securities issued or guaranteed by governments, government agencies or supranational bodies or companies or other private-sector entities. It invests at least 80% of its assets in debt securities that are economically tied to emerging market countries. Emerging market countries include all countries not represented by the MSCI World Index. The fund is non-diversified.

RLEDX - Performance

Return Ranking - Trailing

Period RLEDX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -11.8% 80.1% 52.54%
1 Yr 7.0% -16.5% 34.4% 46.23%
3 Yr 2.3%* -10.3% 10.7% 34.42%
5 Yr N/A* -9.0% 22.1% 24.06%
10 Yr N/A* -5.4% 12.3% N/A

* Annualized


Return Ranking - Calendar

Period RLEDX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.3% -53.1% 2.2% 73.64%
2017 12.5% -9.1% 15.4% 2.71%
2016 N/A -12.3% 219.0% N/A
2015 N/A -29.9% 14.0% N/A
2014 N/A -22.4% 200.4% N/A

Total Return Ranking - Trailing

Period RLEDX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -11.8% 80.1% 52.54%
1 Yr 7.0% -16.5% 34.4% 50.45%
3 Yr 2.3%* -10.3% 14.9% 52.17%
5 Yr N/A* -7.1% 31.9% 40.38%
10 Yr N/A* -5.4% 21.0% N/A

* Annualized


Total Return Ranking - Calendar

Period RLEDX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.3% -53.1% 3.8% 81.95%
2017 12.5% -6.6% 21.6% 9.76%
2016 N/A -12.3% 242.1% N/A
2015 N/A -29.9% 22.6% N/A
2014 N/A -22.2% 203.8% N/A

NAV & Total Return History

RLEDX - Holdings

Concentration Analysis

RLEDX Category Low Category High RLEDX % Rank
Net Assets 102 M 926 K 14.1 B 60.65%
Number of Holdings 269 5 3572 38.17%
Net Assets in Top 10 17 M -144 M 11.4 B 69.67%
Weighting of Top 10 20.26% 5.6% 1055.7% 70.56%

Top 10 Holdings

  1. The Republic of Peru 8.2% 2.95%

  2. Mexico (United Mexican States) 5.75% 2.47%

  3. Republic Of Mozambique Sr Unsecured Regs 01/23 10.5 2.44%

  4. Russian Federation 7.95% 2.11%

  5. Turkey (Republic of) 10.7% 2.05%

  6. Mexico (United Mexican States) 10% 1.76%

  7. Poland (Republic of) 3.25% 1.66%

  8. Republic Of South Africa Sr Unsecured 01/37 8.5 1.63%

  9. Sl605af13 Irs Brl R F 6.13500 Sl605af13_leg1_fix Ccpndfpred 1.60%

  10. Sl605af13 Irs Brl P V 00mbrcdi Sl605af13_leg2_flt Ccpndfpred 1.60%


Asset Allocation

Weighting Return Low Return High RLEDX % Rank
Bonds
98.22% 80.10% 1025.08% 33.58%
Cash
1.78% -1000.79% 20.55% 53.25%
Stocks
0.00% -61.27% 110.51% 63.46%
Preferred Stocks
0.00% 0.00% 10.86% 41.86%
Other
0.00% -31.37% 67.70% 46.89%
Convertible Bonds
0.00% 0.00% 50.87% 66.42%

RLEDX - Expenses

Operational Fees

RLEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.17% 290.47% 74.70%
Management Fee 0.75% 0.00% 2.50% 72.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.00% 0.50% 5.25%

Sales Fees

RLEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RLEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.15% 2.00% 79.55%

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.

RLEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 97.00% 0.00% 963.00% 55.64%

RLEDX - Distributions

Dividend Yield Analysis

RLEDX Category Low Category High RLEDX % Rank
Dividend Yield 3.95% 0.00% 13.32% 10.36%

Dividend Distribution Analysis

RLEDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

RLEDX Category Low Category High RLEDX % Rank
Net Income Ratio 5.97% -1.65% 8.90% 5.12%

Capital Gain Distribution Analysis

RLEDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Annually

RLEDX - Managers

Denise S. Simon

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2011

8.68

8.7%

Denise S. Simon, a Managing Director of Lazard Asset Management LLC, is a portfolio manager/analyst on Lazard’s Emerging Markets Debt team. Prior to joining Lazard in 2010, Ms. Simon was a Managing Director and portfolio manager at HSBC Asset Management. She also was associated with The Atlantic Advisors, Dresdner Kleinwort Wasserstein, Bayerische Vereinsbank, Lehman Brothers, Kleinwort Benson and UBS.


Arif T. Joshi

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2011

8.68

8.7%

Arif Joshi is a Portfolio Manager/Analyst on Lazard's Emerging Markets Debt team. He began working in the investment field in 1998. Prior to joining Lazard in 2010, Arif was with HSBC Asset Management (formerly Halbis) where he served as Senior Vice President and Portfolio Manager. At HSBC, Arif was responsible for global emerging markets, focusing on corporate and sovereign credit analysis, risk management and quantitative modeling. He began this role at The Atlantic Advisors LLC (acquired by HSBC in 2005). Prior to HSBC, he was an associate at Strategic Management Group where he advised Fortune 500 companies on finance and corporate strategy. Arif has an MBA in Finance from Columbia Business School and a BS in Economics from the Wharton School at the University of Pennsylvania.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17