Lazard Defensive Australian Equity - Managed Fund

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 5.39%. This was made up of a growth return of 5.39% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

Lazard Defensive Australian Equity’s total return for the last three months was 9.57%. This was made up of a growth return of 8.95% and an income return of 0.62%%. These returns were calculated as at 31 Aug 2025.

Lazard Defensive Australian Equity’s one-year total return is 13.97%. This was made up of a growth return of 8.9% and an income return of 5.07%. These returns were calculated as at 31 Aug 2025.

Lazard Defensive Australian Equity’s one-year total return is 8.23%. This was made up of a growth return of 3.7% and an income return of 4.53%. These returns were calculated as at 31 Aug 2025.

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

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 17 Sep 2025, the size of the Lazard Defensive Australian Equity managed fund was $107.78 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 $1.8453 per unit and the current exit price is $1.8379 per unit (as at 17 Sep 2025).

The current exit price of the Lazard Defensive Australian Equity managed fund is $1.8379 per unit and the current entry price is $1.8453 per unit (as at 17 Sep 2025).

The minimum initial investment amount for the Lazard Defensive Australian Equity managed fund is $20,000. Minimum additional investment is $0.