Lazard International Equity Cncntr Instl
Name
As of 09/01/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 09/01/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameLazard International Equity Concentrated Portfolio
-
Fund Family NameLazard
-
Inception DateAug 29, 2014
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael 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.
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
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- Vonovia SE 7.85%
- 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
Date | Amount | Type |
---|---|---|
Dec 24, 2018 | $0.168 | |
Aug 22, 2018 | $0.001 | |
Dec 22, 2017 | $0.092 | |
Aug 22, 2017 | $0.006 | |
Dec 23, 2016 | $0.109 | |
Aug 23, 2016 | $0.013 | |
Dec 22, 2015 | $0.100 | |
Aug 25, 2015 | $0.010 |
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 |