InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Lazard Defensive Australian Equity - Managed fund profile

Lazard Defensive Australian Equity - Managed Fund

Fund Objective
Over an investment cycle; the Fund seeks to achieve: reduced exposure to S&P/ASX200 Accumulation Index ('the benchmark') draw-downs; a total return that exceeds the Reserve Bank of Australia Cash Rate; and an income return at a premium to the S&P/ASX200 Accumulation Index dividend yield.
Fund Strategy
The investment strategy of the Fund is to provide investors with access to companies listed on the ASX that Lazard Pacific believes offer sustainably high dividends and capital appreciation potential. The number of stocks will typically depend on our assessment of the premium or discount of stock dividend yields compared to cash yields; and whether the stock market is under- or over-priced. Where Lazard Pacific believes the quality of income opportunities from stocks is limited; the Fund may invest up to 100% of its assets in Cash investments.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -3.51% -1.54% -2.59% 7.7% 5.08% 9.44% 9.51% 8.3%
Growth return -3.51% -3.05% -4.64% 3.22% 0.8% 5.02% 5.21% 2.69%
Income return 0% 1.51% 2.05% 4.48% 4.28% 4.42% 4.3% 5.61%
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 Defensive Australian Equity
Australian Equities
75.69%
Cash
15.16%
Property
9.15%
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 Defensive Australian Equity (Wholesale)
Lazard Asset Management Pacific Co
LAZ0022AU
Equity Australia Large Blend
starstarstarstarstar (as at 31 Oct 2024)
Investment Fund
3 Jul 2012
$100.11 million (as at 21 Nov 2024)
$1.7133 (as at 21 Nov 2024)
$1.7064 (as at 21 Nov 2024)
Open
Offer information
Type Description
MER 0.78% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 0.79% (as at 30 Jun 2023)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2024)

Holding (as at 30 Sep 2024) Type % of Portfolio
Whitehaven Coal Ltd Equity 3.44%
Login now to view the complete list of holdings.

FAQs about the Lazard Defensive Australian Equity

The objective of the Lazard Defensive Australian Equity managed fund is Over an investment cycle; the Fund seeks to achieve: reduced exposure to S&P/ASX200 Accumulation Index ('the benchmark') draw-downs; a total return that exceeds the Reserve Bank of Australia Cash Rate; and an income return at a premium to the S&P/ASX200 Accumulation Index dividend yield.

The strategy of the Lazard Defensive Australian Equity managed fund is The investment strategy of the Fund is to provide investors with access to companies listed on the ASX that Lazard Pacific believes offer sustainably high dividends and capital appreciation potential. The number of stocks will typically depend on our assessment of the premium or discount of stock dividend yields compared to cash yields; and whether the stock market is under- or over-priced. Where Lazard Pacific believes the quality of income opportunities from stocks is limited; the Fund may invest up to 100% of its assets in Cash investments.

The APIR code of the Lazard Defensive Australian Equity managed fund is LAZ0022AU.

Lazard Defensive Australian Equity’s total return last month was -3.51%. This was made up of a growth return of -3.51% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Lazard Defensive Australian Equity’s total return for the last three months was -1.54%. This was made up of a growth return of -3.05% and an income return of 1.51%%. These returns were calculated as at 31 Oct 2024.

Lazard Defensive Australian Equity’s one-year total return is 7.7%. This was made up of a growth return of 3.22% and an income return of 4.48%. These returns were calculated as at 31 Oct 2024.

Lazard Defensive Australian Equity’s one-year total return is 9.44%. This was made up of a growth return of 5.02% and an income return of 4.42%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Lazard Defensive Australian Equity managed fund is :

Australian Equities
75.69%
Cash
15.16%
Property
9.15%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Lazard Defensive Australian Equity managed fund is Lazard Asset Management Pacific Co.

The Lazard Defensive Australian Equity managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 21 Nov 2024, the size of the Lazard Defensive Australian Equity managed fund was $100.11 million.

The Lazard Defensive Australian Equity managed fund has an inception date of 3 Jul 2012.

The current entry price of the Lazard Defensive Australian Equity managed fund is $1.7133 per unit and the current exit price is $1.7064 per unit (as at 21 Nov 2024).

The current exit price of the Lazard Defensive Australian Equity managed fund is $1.7064 per unit and the current entry price is $1.7133 per unit (as at 21 Nov 2024).

The minimum initial investment amount for the Lazard Defensive Australian Equity managed fund is $20,000. 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.