Lazard Global Equity Advantage Plus I - Managed Fund (Closed)

The objective of the Lazard Global Equity Advantage Plus I managed fund is The Fund seeks to achieve total returns (comprising income and capital appreciation and before the deduction of fees and taxes) that outperform the MSCI World ex-Australia Index with net dividends reinvested ('the benchmark') over the longer term (more than 5 years).

The strategy of the Lazard Global Equity Advantage Plus I managed fund is The Fund is constructed by investing up to approximately 130% in long positions and up to approximately 30% in short positions in a diversified group of global listed equity securities. The Fund's investment universe comprises all securities in developed markets constituting the MSCI World Index, but excludes Australian listed securities and securities of companies engaged in manufacturing tobacco related products as identified in the GICS industry 302030.

The APIR code of the Lazard Global Equity Advantage Plus I managed fund is LAZ0020AU.

Lazard Global Equity Advantage Plus I’s total return last month was -0.2%. This was made up of a growth return of -0.2% and an income return of 0%. These returns were calculated as at 31 Jul 2017.

Lazard Global Equity Advantage Plus I’s total return for the last three months was -2.05%. This was made up of a growth return of -23.64% and an income return of 21.59%%. These returns were calculated as at 31 Jul 2017.

Lazard Global Equity Advantage Plus I’s one-year total return is 12.43%. This was made up of a growth return of -12.36% and an income return of 24.79%. These returns were calculated as at 31 Jul 2017.

Lazard Global Equity Advantage Plus I’s one-year total return is 11.1%. This was made up of a growth return of -6.99% and an income return of 18.09%. These returns were calculated as at 31 Jul 2017.

The asset allocation of the Lazard Global Equity Advantage Plus I managed fund is :

The Responsible Entity for the Lazard Global Equity Advantage Plus I managed fund is Lazard Asset Management Pacific Co.

The Lazard Global Equity Advantage Plus I managed fund belongs to the Equity World Large Blend sector/asset class.

As at 28 Jul 2017, the size of the Lazard Global Equity Advantage Plus I managed fund was $2.33 million.

The Lazard Global Equity Advantage Plus I managed fund has an inception date of 24 Jun 2008.

The current entry price of the Lazard Global Equity Advantage Plus I managed fund is $1.0157 per unit and the current exit price is $1.0035 per unit (as at 31 Jul 2017).

The current exit price of the Lazard Global Equity Advantage Plus I managed fund is $1.0035 per unit and the current entry price is $1.0157 per unit (as at 31 Jul 2017).

The minimum initial investment amount for the Lazard Global Equity Advantage Plus I managed fund is $5,000,000. Minimum additional investment is $0.