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

Lazard Emerging Markets 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 MSCI Emerging Markets Index ('the benchmark') by 3% per annum over rolling five-year periods.
Fund Strategy
The investment strategy of the Fund is to provide investors with access to investments, (including equity and equity like securities, such as American and global depository receipts and securities convertible into equity securities), in emerging markets but, excludes companies engaged in manufacturing tobacco related products as identified in the Global Industry Classification Standard (GICS) industry sector 302030.

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 -2.45% 0.83% 5.1% 15.6% 16.15% 8.75% 5.95% 5.71%
Growth return -2.45% 0.83% -1.4% 8.45% 9.74% 2.56% 0.44% 0.68%
Income return 0% 0% 6.5% 7.15% 6.41% 6.19% 5.51% 5.03%
Market index (MSCI EM NR AUD)
Total return -3.07% 2.35% 6.28% 13.85% 9.47% 1.56% 3.98% 5.99%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Lazard Emerging Markets Equity (I Class)
International Equities
96.71%
Cash
3.29%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
95.14%
Cash
3.53%
Australian Equities
0.01%
Property
0.16%
Fixed Interest
0.04%
Alternatives
1.12%

General Information

Fund Details
Type Description
Lazard Emerging Markets Equity (I Class)
Lazard Asset Management Pacific Co
LAZ0003AU
Equity Emerging Markets
starstarstarstar (as at 30 Nov 2024)
Investment Fund
22 Oct 1997
$197.24 million (as at 13 Dec 2024)
$1.6616 (as at 23 Dec 2024)
$1.65 (as at 23 Dec 2024)
Open
Offer information
Type Description
MER 1.15% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 1.15% (as at 30 Jun 2024)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2022)

Holding (as at 31 Mar 2022) Type % of Portfolio
China Construction Bank Corp Class H Equity 4.15%
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FAQs about the Lazard Emerging Markets Equity (I Class)

The objective of the Lazard Emerging Markets 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 MSCI Emerging Markets Index ('the benchmark') by 3% per annum over rolling five-year periods.

The strategy of the Lazard Emerging Markets Equity (I Class) managed fund is The investment strategy of the Fund is to provide investors with access to investments, (including equity and equity like securities, such as American and global depository receipts and securities convertible into equity securities), in emerging markets but, excludes companies engaged in manufacturing tobacco related products as identified in the Global Industry Classification Standard (GICS) industry sector 302030.

The APIR code of the Lazard Emerging Markets Equity (I Class) managed fund is LAZ0003AU.

Lazard Emerging Markets Equity (I Class)’s total return last month was -2.45%. This was made up of a growth return of -2.45% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Lazard Emerging Markets Equity (I Class)’s total return for the last three months was 0.83%. This was made up of a growth return of 0.83% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Lazard Emerging Markets Equity (I Class)’s one-year total return is 15.6%. This was made up of a growth return of 8.45% and an income return of 7.15%. These returns were calculated as at 30 Nov 2024.

Lazard Emerging Markets Equity (I Class)’s one-year total return is 8.75%. This was made up of a growth return of 2.56% and an income return of 6.19%. These returns were calculated as at 30 Nov 2024.

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

International Equities
96.71%
Cash
3.29%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

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

The Lazard Emerging Markets Equity (I Class) managed fund belongs to the Equity Emerging Markets sector/asset class.

As at 13 Dec 2024, the size of the Lazard Emerging Markets Equity (I Class) managed fund was $197.24 million.

The Lazard Emerging Markets Equity (I Class) managed fund has an inception date of 22 Oct 1997.

The current entry price of the Lazard Emerging Markets Equity (I Class) managed fund is $1.6616 per unit and the current exit price is $1.65 per unit (as at 23 Dec 2024).

The current exit price of the Lazard Emerging Markets Equity (I Class) managed fund is $1.65 per unit and the current entry price is $1.6616 per unit (as at 23 Dec 2024).

The minimum initial investment amount for the Lazard Emerging Markets Equity (I Class) 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.