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  5. Lazard Australian Equity (I Class) - Managed fund profile

Lazard Australian Equity (I Class) - Managed Fund

Fund Objective
The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the S&P/ASX 200 Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.
Fund Strategy
The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 25 to 45 which mean Lazard makes active investment decisions as to which stocks the Fund holds.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -3.44% -0.98% -1.05% 9.87% 6.63% 8.52% 6.76% 6.64%
Growth return -3.44% -2.22% -6.89% 1.75% -0.9% 1.61% 1.47% 1.74%
Income return 0% 1.24% 5.84% 8.12% 7.53% 6.91% 5.29% 4.9%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Lazard Australian Equity (I Class)
Australian Equities
96.40%
Cash
0.85%
Property
2.75%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.36%
Cash
-0.08%
Property
2.11%
International Equities
4.21%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
Lazard Australian Equity (I Class)
Lazard Asset Management Pacific Co
LAZ0006AU
Equity Australia Large Value
starstarstar (as at 31 Oct 2024)
Investment Fund
17 Oct 2000
$143.66 million (as at 21 Nov 2024)
$1.5364 (as at 21 Nov 2024)
$1.5302 (as at 21 Nov 2024)
Open
Offer information
Type Description
MER 0.70% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 0.75% (as at 30 Jun 2022)
Performance fee (not included in ICR) Not Available
Minimum initial investment $5,000,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2022)

Holding (as at 31 Mar 2022) Type % of Portfolio
BHP Group Ltd Equity 8.60%
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FAQs about the Lazard Australian Equity (I Class)

The objective of the Lazard Australian Equity (I Class) managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the S&P/ASX 200 Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.

The strategy of the Lazard Australian Equity (I Class) managed fund is The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 25 to 45 which mean Lazard makes active investment decisions as to which stocks the Fund holds.

The APIR code of the Lazard Australian Equity (I Class) managed fund is LAZ0006AU.

Lazard Australian Equity (I Class)’s total return last month was -3.44%. This was made up of a growth return of -3.44% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Lazard Australian Equity (I Class)’s total return for the last three months was -0.98%. This was made up of a growth return of -2.22% and an income return of 1.24%%. These returns were calculated as at 31 Oct 2024.

Lazard Australian Equity (I Class)’s one-year total return is 9.87%. This was made up of a growth return of 1.75% and an income return of 8.12%. These returns were calculated as at 31 Oct 2024.

Lazard Australian Equity (I Class)’s one-year total return is 8.52%. This was made up of a growth return of 1.61% and an income return of 6.91%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Lazard Australian Equity (I Class) managed fund is :

Australian Equities
96.40%
Cash
0.85%
Property
2.75%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Lazard Australian Equity (I Class) managed fund is Lazard Asset Management Pacific Co.

The Lazard Australian Equity (I Class) managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 21 Nov 2024, the size of the Lazard Australian Equity (I Class) managed fund was $143.66 million.

The Lazard Australian Equity (I Class) managed fund has an inception date of 17 Oct 2000.

The current entry price of the Lazard Australian Equity (I Class) managed fund is $1.5364 per unit and the current exit price is $1.5302 per unit (as at 21 Nov 2024).

The current exit price of the Lazard Australian Equity (I Class) managed fund is $1.5302 per unit and the current entry price is $1.5364 per unit (as at 21 Nov 2024).

The minimum initial investment amount for the Lazard Australian Equity (I Class) managed fund is $5,000,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.