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Lazard Emerging Markets Equity Advantage Portfolio
mutual fund
LEAOX
Payout Change
Pending
Price as of:
$12.11
+0.01
+0.08%
primary theme
Emerging Markets Equity
share class
LEAOX (Mutual Fund)
Lazard Emerging Markets Equity Advantage Portfolio
Payout Change
Pending
Price as of:
$12.11
+0.01
+0.08%
primary theme
Emerging Markets Equity
share class
LEAOX (Mutual Fund)
Lazard Emerging Markets Equity Advantage Portfolio
Payout Change
Pending
Price as of:
$12.11
+0.01
+0.08%
primary theme
Emerging Markets Equity
share class
Name
As of 12/19/2024Price
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
Vitals
YTD Return
11.6%
1 yr return
15.1%
3 Yr Avg Return
0.6%
5 Yr Avg Return
3.6%
Net Assets
$114 M
Holdings in Top 10
26.1%
52 WEEK LOW AND HIGH
$12.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.93%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 88.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
LEAOX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.80%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLazard Emerging Markets Equity Advantage Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateMay 29, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTaras Ivanenko
Fund Description
The Portfolio invests primarily in equity securities, principally common stocks, of emerging markets companies. In managing the Portfolio, the Investment Manager utilizes a quantitatively driven, bottom up stock selection process. The Portfolio management team selects investments for the Portfolio from a broad investment universe of emerging market stocks and depositary receipts, including American Depositary Receipts (“ADRs”), Global Depositary Receipts and European Depositary Receipts, real estate investment trusts (“REITs”), warrants and rights. The active, quantitative approach utilized by the Portfolio management team involves initial screening, risk assessment and evaluation of each company relative to its global peers. The Investment Manager uses an objective, systematic investment process that blends both risk and stock ranking assessments designed to capture attractive risk-to-return characteristics. In addition to a multidimensional assessment of risk, each company is evaluated daily according to four independent measures: growth, value, sentiment and quality. The Portfolio may invest across the capitalization spectrum.
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of companies that are economically tied to emerging market countries. The allocation of the Portfolio’s assets among countries and regions will vary from time to time based on the Investment Manager’s judgment and its analysis of market conditions. 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 country.
The Portfolio considers a company to be “economically tied to emerging markets countries” if: (i) the company is organized under the laws of or domiciled in an emerging markets country or maintains its principal place of business in an emerging markets country; (ii) the securities of such company are traded principally in emerging markets countries; or (iii) during the most recent fiscal year of the company, the company derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in emerging markets countries or that has at least 50% of its assets in emerging markets countries. The Portfolio considers emerging markets countries to be all countries: (i) included in the MSCI Emerging Markets Index; or (ii) not included in the MSCI World Index.
The Portfolio may invest in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy.
LEAOX - Performance
Return Ranking - Trailing
| Period | LEAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | -14.4% | 32.8% | 12.86% |
| 1 Yr | 15.1% | -11.0% | 33.3% | 20.71% |
| 3 Yr | 0.6%* | -13.3% | 10.8% | 31.31% |
| 5 Yr | 3.6%* | -7.1% | 10.2% | 32.79% |
| 10 Yr | N/A* | -1.4% | 8.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LEAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.5% | -6.5% | 35.5% | 30.81% |
| 2022 | -23.6% | -50.1% | -2.4% | 42.86% |
| 2021 | -6.6% | -33.1% | 22.5% | 59.75% |
| 2020 | 16.4% | -22.1% | 80.1% | 48.29% |
| 2019 | 18.0% | -0.7% | 42.0% | 52.70% |
Total Return Ranking - Trailing
| Period | LEAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | -14.4% | 32.8% | 12.86% |
| 1 Yr | 15.1% | -11.0% | 33.3% | 20.71% |
| 3 Yr | 0.6%* | -13.3% | 10.8% | 31.31% |
| 5 Yr | 3.6%* | -7.1% | 10.2% | 32.79% |
| 10 Yr | N/A* | -1.4% | 8.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LEAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -1.0% | 42.0% | 36.52% |
| 2022 | -21.2% | -42.2% | 1.9% | 35.20% |
| 2021 | 0.6% | -32.5% | 33.1% | 41.34% |
| 2020 | 17.1% | -20.0% | 81.6% | 54.32% |
| 2019 | 20.0% | 2.3% | 42.0% | 56.08% |
NAV & Total Return History
LEAOX - Holdings
Concentration Analysis
| LEAOX | Category Low | Category High | LEAOX % Rank | |
|---|---|---|---|---|
| Net Assets | 114 M | 682 K | 111 B | 74.50% |
| Number of Holdings | 286 | 9 | 7534 | 21.37% |
| Net Assets in Top 10 | 43.2 M | 290 K | 23.8 B | 71.94% |
| Weighting of Top 10 | 26.12% | 2.9% | 101.1% | 81.88% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 8.52%
- Tencent Holdings Ltd 4.56%
- Alibaba Group Holding Ltd 2.80%
- Samsung Electronics Co Ltd 1.80%
- Meituan 1.70%
- MediaTek Inc 1.54%
- China Construction Bank Corp 1.53%
- Kia Corp 1.24%
- Tata Consultancy Services Ltd 1.22%
- PDD Holdings Inc 1.22%
Asset Allocation
| Weighting | Return Low | Return High | LEAOX % Rank | |
|---|---|---|---|---|
| Stocks | 98.64% | 0.00% | 103.28% | 28.06% |
| Preferred Stocks | 0.97% | 0.00% | 13.31% | 41.60% |
| Cash | 0.66% | -2.03% | 98.08% | 81.20% |
| Other | 0.00% | -1.11% | 39.53% | 44.73% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 24.25% |
| Bonds | 0.00% | 0.00% | 95.13% | 31.20% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LEAOX % Rank | |
|---|---|---|---|---|
| Technology | 24.03% | 0.00% | 47.50% | 40.26% |
| Financial Services | 22.36% | 0.00% | 48.86% | 46.90% |
| Consumer Cyclical | 11.62% | 0.00% | 48.94% | 53.97% |
| Communication Services | 10.85% | 0.00% | 39.29% | 24.96% |
| Basic Materials | 9.53% | 0.00% | 30.03% | 33.77% |
| Energy | 5.70% | 0.00% | 24.80% | 29.00% |
| Industrials | 5.16% | 0.00% | 43.53% | 64.79% |
| Consumer Defense | 4.19% | 0.00% | 25.90% | 79.37% |
| Healthcare | 3.71% | 0.00% | 16.53% | 55.41% |
| Utilities | 1.87% | 0.00% | 39.12% | 38.24% |
| Real Estate | 0.98% | 0.00% | 17.15% | 66.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LEAOX % Rank | |
|---|---|---|---|---|
| Non US | 84.89% | 0.00% | 100.52% | 55.27% |
| US | 13.75% | 0.00% | 100.95% | 37.04% |
LEAOX - Expenses
Operational Fees
| LEAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.93% | 0.03% | 29.98% | 7.71% |
| Management Fee | 0.75% | 0.00% | 2.00% | 26.53% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 27.18% |
| Administrative Fee | N/A | 0.01% | 0.85% | 7.44% |
Sales Fees
| LEAOX 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
| LEAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 82.61% |
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.
| LEAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 88.00% | 0.00% | 189.00% | 84.36% |
LEAOX - Distributions
Dividend Yield Analysis
| LEAOX | Category Low | Category High | LEAOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.14% | 0.00% | 9.74% | 55.41% |
Dividend Distribution Analysis
| LEAOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| LEAOX | Category Low | Category High | LEAOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.80% | -1.98% | 17.62% | 46.60% |
Capital Gain Distribution Analysis
| LEAOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 16, 2024 | $0.017 | OrdinaryDividend |
| Dec 21, 2023 | $0.175 | OrdinaryDividend |
| Aug 17, 2023 | $0.007 | OrdinaryDividend |
| Dec 22, 2022 | $0.269 | OrdinaryDividend |
| Aug 18, 2022 | $0.042 | CapitalGainLongTerm |
| Dec 22, 2021 | $0.850 | OrdinaryDividend |
| Aug 19, 2021 | $0.138 | CapitalGainLongTerm |
| Dec 22, 2020 | $0.076 | OrdinaryDividend |
| Aug 20, 2020 | $0.007 | OrdinaryDividend |
| Dec 20, 2019 | $0.194 | OrdinaryDividend |
| Dec 21, 2018 | $0.001 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.213 | OrdinaryDividend |
| Dec 21, 2017 | $0.104 | OrdinaryDividend |
| Dec 22, 2016 | $0.106 | OrdinaryDividend |
| Aug 22, 2016 | $0.009 | ExtraDividend |
| Dec 21, 2015 | $0.127 | OrdinaryDividend |
LEAOX - Fund Manager Analysis
Managers
Taras Ivanenko
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Taras Ivanenko, CFA Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Taras Ivanenko is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1995. Prior to joining Lazard in 2007, Taras was a Senior Portfolio Manager in the Global Active Equity group at State Street Global Advisors (SSgA). Earlier at SSgA, he was a Principal and Senior Application Development Architect in the Equity Systems group. Previously, Taras was an analyst in Quantitative Research and Trading Systems at Oxbridge Research.
Ciprian Marin
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Ciprian Marin is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1997 and joined Lazard in 2008. Education: MBA in Finance, International University of Japan and a BS in International Economics, Academy of Economic Studies Bucharest. Ciprian is a Certified Investment Adviser (UK). He holds FINRA (formerly NASD) Series 7 and JASDA Series 2 registrations. He has managed a portion of the Fund since August 2015.
Paul Moghtader
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Paul Moghtader, CFA Managing Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Paul Moghtader is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1992. Prior to joining Lazard in 2007, Paul was Head of the Global Active Equity Group and a Senior Portfolio Manager at State Street Global Advisors (SSgA). At SSgA Paul was the senior manager responsible for the research and portfolio management of all multi-regional active quantitative equity strategies. Previously, Paul was an analyst at State Street Bank.
Craig Scholl
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Craig Scholl is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1984 and joined Lazard in 2007. Education: BS in Finance and Public Communications, Syracuse University. He is a member of the Boston Security Analysts Society.
Susanne Willumsen
Start Date
Tenure
Tenure Rank
May 29, 2015
7.01
7.0%
Susanne Willumsen Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Susanne Willumsen is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. She began working in the investment field in 1993. Prior to joining Lazard in 2008, Susanne was Managing Director, Head of Active Equities Europe with State Street Global Advisors (SSgA). During her 13 year tenure at SSgA, Susanne was responsible for the research and portfolio management of all UK and European equity strategies.
Alex Lai
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Alex Lai is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 2002. Prior to joining Lazard in 2008, Alex was a Vice President and Quantitative Portfolio Manager in the Global Active Equity group at State Street Global Advisors (SSgA). Prior to that, Alex was an investment-banking analyst at Lehman Brothers Asia in Hong Kong. He has an MSc in Finance from Boston College and a BBA (Hons) in Finance and Accounting from the University of Michigan, Ann Arbor.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.68 | 13.42 |
