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Trending ETFs

Name

As of 09/01/2021

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

$10.73

$1.36 M

3.06%

$0.33

0.90%

Vitals

YTD Return

7.2%

1 yr return

20.9%

3 Yr Avg Return

5.7%

5 Yr Avg Return

6.3%

Net Assets

$1.36 M

Holdings in Top 10

48.5%

52 WEEK LOW AND HIGH

$10.7
$8.71
$10.84

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/01/2021

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

$10.73

$1.36 M

3.06%

$0.33

0.90%

LCNIX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.95%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Lazard International Equity Concentrated Portfolio
  • Fund Family Name
    Lazard
  • Inception Date
    Aug 29, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Fry

Fund Description

The Portfolio invests primarily in equity securities, principally common stocks, of non-US companies. The Portfolio has a concentrated portfolio of investments, typically investing in 20 to 30 securities of non-US companies, including those whose principal business activities are located in emerging market countries. The Investment Manager seeks to realize the Portfolio’s investment objective primarily through stock selection, investing in companies believed to have sustainably high or improving returns and trading at attractive valuations. In choosing stocks for the Portfolio, the Investment Manager generally looks for established companies in economically developed countries that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. The Investment Manager also may invest the Portfolio’s assets in securities of companies domiciled in emerging market countries in an amount up to the current percentage of securities in the MSCI All Country World Index ex-US issued by companies domiciled in emerging market countries (30.85% as of March 31, 2021) plus 15%. The Portfolio may invest in securities of companies across the capitalization spectrum.

Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities.

The Portfolio is classified as “non-diversified” under the Investment Company Act of 1940, as amended, which means that it may invest a relatively high percentage of its assets in a limited number of issuers, when compared to a diversified fund.

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LCNIX - Performance

Return Ranking - Trailing

Period LCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -15.5% 127.0% 92.32%
1 Yr 20.9% -8.5% 61.2% 85.13%
3 Yr 5.7%* -8.9% 27.7% 94.58%
5 Yr 6.3%* -1.6% 16.2% 94.53%
10 Yr N/A* 2.0% 11.7% N/A

* Annualized

Return Ranking - Calendar

Period LCNIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.8% -39.9% 992.1% 94.93%
2022 23.5% -22.2% 38.8% 16.79%
2021 -20.0% -50.2% 25.1% 66.87%
2020 22.1% -3.3% 38.4% 60.50%
2019 3.3% -13.9% 14.4% 7.51%

Total Return Ranking - Trailing

Period LCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -15.5% 127.0% 92.45%
1 Yr 20.9% -12.1% 61.2% 78.06%
3 Yr 5.7%* -8.9% 27.7% 91.66%
5 Yr 6.3%* -1.6% 16.2% 93.14%
10 Yr N/A* 0.5% 11.7% N/A

* Annualized

Total Return Ranking - Calendar

Period LCNIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.8% -39.9% 992.1% 94.93%
2022 23.5% -22.2% 38.8% 16.79%
2021 -20.0% -50.2% 25.1% 76.16%
2020 23.3% -3.3% 38.4% 69.83%
2019 4.7% -10.2% 14.4% 5.72%

NAV & Total Return History


LCNIX - Holdings

Concentration Analysis

LCNIX Category Low Category High LCNIX % Rank
Net Assets 1.36 M 208 K 409 B 99.49%
Number of Holdings 30 1 9757 93.56%
Net Assets in Top 10 1.15 M 4.48 K 39.1 B 96.65%
Weighting of Top 10 48.52% 2.2% 100.0% 7.07%

Top 10 Holdings

  1. Vonovia SE 7.85%
  2. Vonovia SE 7.85%
  3. Vonovia SE 7.85%
  4. Vonovia SE 7.85%
  5. Vonovia SE 7.85%
  6. Vonovia SE 7.85%
  7. Vonovia SE 7.85%
  8. Vonovia SE 7.85%
  9. Vonovia SE 7.85%
  10. Vonovia SE 7.85%

Asset Allocation

Weighting Return Low Return High LCNIX % Rank
Stocks
95.14% 12.84% 116.59% 86.62%
Cash
4.86% -104.97% 36.26% 11.15%
Preferred Stocks
0.00% -0.01% 1.51% 61.46%
Other
0.00% -8.32% 152.15% 73.85%
Convertible Bonds
0.00% 0.00% 3.95% 58.24%
Bonds
0.00% -1.36% 86.90% 61.21%

Stock Sector Breakdown

Weighting Return Low Return High LCNIX % Rank
Industrials
12.89% 3.49% 40.78% 72.02%
Consumer Defense
11.14% 0.00% 24.69% 23.34%
Consumer Cyclical
10.49% 0.00% 39.97% 68.88%
Communication Services
10.47% 0.00% 31.01% 9.91%
Technology
10.29% 0.00% 35.97% 65.24%
Financial Services
9.77% 0.00% 44.38% 94.23%
Utilities
9.21% 0.00% 33.27% 1.63%
Basic Materials
8.71% 0.00% 20.94% 35.76%
Healthcare
7.67% 0.00% 22.52% 87.83%
Real Estate
5.64% 0.00% 11.43% 4.39%
Energy
3.73% 0.00% 9.63% 44.67%

Stock Geographic Breakdown

Weighting Return Low Return High LCNIX % Rank
Non US
89.06% -2.20% 118.19% 86.12%
US
6.08% -13.17% 101.86% 13.75%

LCNIX - Expenses

Operational Fees

LCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.01% 4.97% 48.68%
Management Fee 0.80% 0.00% 1.90% 80.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% 6.59%

Sales Fees

LCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 84.97%

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.

LCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 1.00% 369.00% 86.25%

LCNIX - Distributions

Dividend Yield Analysis

LCNIX Category Low Category High LCNIX % Rank
Dividend Yield 3.06% 0.00% 1.75% 59.68%

Dividend Distribution Analysis

LCNIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

LCNIX Category Low Category High LCNIX % Rank
Net Income Ratio 0.95% -1.13% 3.42% 64.93%

Capital Gain Distribution Analysis

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

Distributions History

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LCNIX - Fund Manager Analysis

Managers

Michael Fry


Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.01

7.0%

Michael G. Fry, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on various of the Investment Manager’s International Equity teams. Prior to joining Lazard Asset Management in 2005, Mr. Fry held several positions at UBS Global Asset Management, including Head of Global Equity Portfolio Management, Global Head of Equity Research and Head of Australian Equities. Mr. Fry began working in the investment field in 1981.

Michael Powers


Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.01

7.0%

Michael Powers, a Senior Advisor of Lazard Asset Management, is a portfolio manager/analyst on various of Lazard Asset Management's International Equity teams. He began working in the investment field in 1990 when he joined Lazard Asset Management.

Kevin Matthews


Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.01

7.0%

Kevin Matthews is a Managing Director of Lazard and a portfolio manager for various of Lazard's international equity teams. Mr. Matthews was a research analyst with a background in financial, automotive, aerospace and capital goods sectors. He began working in the investment field in 2001 when he joined Lazard. Kevin has a BA in Politics and Philosophy from St. Chad's College, Durham University.

John Reinsberg


Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.01

7.0%

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.

Michael Bennett


Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.01

7.0%

Michael Bennett is a Managing Director of Lazard and a portfolio manager for various of Lazard's international and global equity teams. He began working in the investment field in 1987. Prior to joining Lazard in 1992, Mr. Bennett served as an international equity analyst with General Electric Investment Corporation. Previously he was with Keith Lippert Associates and Arthur Andersen & Company. He has an MBA from University of Chicago and a BS in Accounting from New York University.

Giles Edwards


Start Date

Tenure

Tenure Rank

May 01, 2019

2.34

2.3%

Giles Edwards is a Portfolio Manager/Analyst on various international equity teams. Prior to joining the investment teams, he was a Research Analyst with a background in media, automotive, and services. Prior to joining Lazard in 2008, Giles was a Management Accountant at BSkyB, completing his CIMA qualifications. He has a BA (Hons) in Politics and Economics from the University of Newcastle upon Tyne. Giles is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 29.6 5.54 0.85