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  5. Lazard Global Equity Franchise - Managed fund profile

Lazard Global Equity Franchise - Managed Fund

Fund Objective
The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) in excess of the MSCI World Index with lower risk over the long term.
Fund Strategy
The Fund will invest in listed companies which we consider have an 'economic franchise', meaning companies which we believe have a higher degree of earnings forecastability. The Fund may also invest in initial public offerings, that meet our definition of an economic franchise and which are expected to be listed within 3 months from the date of purchase. The number of securities will generally range from 25 to 50 which means Lazard makes active investment decisions as to which securities 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 0.38% -0.86% 6.01% 14.75% 10.59% 11.49% 9.55% 12.27%
Growth return 0.38% -0.86% -4.67% 3.19% 1.98% -2.39% 0.83% 2.69%
Income return 0% 0% 10.68% 11.56% 8.61% 13.88% 8.72% 9.58%
Market index (MSCI World Ex Australia NR AUD)
Total return 3.92% 2.14% 10.2% 29.31% 20.19% 11.39% 13.27% 13.18%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Lazard Global Equity Franchise
International Equities
98.29%
Cash
1.71%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
93.12%
Cash
2.52%
Australian Equities
2.65%
Property
1.51%
Fixed Interest
0.12%
Alternatives
0.09%

General Information

Fund Details
Type Description
Lazard Global Equity Franchise
Lazard Asset Management Pacific Co
LAZ0025AU
Equity World Large Value
starstarstar (as at 31 Oct 2024)
Investment Fund
1 Oct 2013
$265.37 million (as at 27 Nov 2024)
$1.6272 (as at 27 Nov 2024)
$1.6207 (as at 27 Nov 2024)
Open
Offer information
Type Description
MER 1.25% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 1.25% (as at 30 Jun 2023)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum additional investments

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
National Grid PLC Equity 7.06%
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FAQs about the Lazard Global Equity Franchise

The objective of the Lazard Global Equity Franchise managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) in excess of the MSCI World Index with lower risk over the long term.

The strategy of the Lazard Global Equity Franchise managed fund is The Fund will invest in listed companies which we consider have an 'economic franchise', meaning companies which we believe have a higher degree of earnings forecastability. The Fund may also invest in initial public offerings, that meet our definition of an economic franchise and which are expected to be listed within 3 months from the date of purchase. The number of securities will generally range from 25 to 50 which means Lazard makes active investment decisions as to which securities the Fund holds.

The APIR code of the Lazard Global Equity Franchise managed fund is LAZ0025AU.

Lazard Global Equity Franchise’s total return last month was 0.38%. This was made up of a growth return of 0.38% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Lazard Global Equity Franchise’s total return for the last three months was -0.86%. This was made up of a growth return of -0.86% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Lazard Global Equity Franchise’s one-year total return is 14.75%. This was made up of a growth return of 3.19% and an income return of 11.56%. These returns were calculated as at 31 Oct 2024.

Lazard Global Equity Franchise’s one-year total return is 11.49%. This was made up of a growth return of -2.39% and an income return of 13.88%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Lazard Global Equity Franchise managed fund is :

International Equities
98.29%
Cash
1.71%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

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

The Lazard Global Equity Franchise managed fund belongs to the Equity World Large Value sector/asset class.

As at 27 Nov 2024, the size of the Lazard Global Equity Franchise managed fund was $265.37 million.

The Lazard Global Equity Franchise managed fund has an inception date of 1 Oct 2013.

The current entry price of the Lazard Global Equity Franchise managed fund is $1.6272 per unit and the current exit price is $1.6207 per unit (as at 27 Nov 2024).

The current exit price of the Lazard Global Equity Franchise managed fund is $1.6207 per unit and the current entry price is $1.6272 per unit (as at 27 Nov 2024).

The minimum initial investment amount for the Lazard Global Equity Franchise 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.