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  5. Lazard Global Listed Infrastructure - Managed fund profile

Lazard Global Listed Infrastructure - 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 outperform inflation, as measured by the Australian Consumer Price Index, by 5% per annum over rolling five-year periods.
Fund Strategy
The Fund will invest in listed companies that own physical infrastructure (including concessions or long-term contracts to this effect), have assets predominantly invested in member countries of the Organisation for Economic Cooperation and Development and meet a minimum market capitalisation hurdle at the time 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 2.94% 1.47% 7.42% 12.39% 7.26% 7.74% 5.87% 9.14%
Growth return 2.94% 0.69% 0.4% 4.46% -0.07% 0.44% -1.32% -1.87%
Income return 0% 0.78% 7.02% 7.93% 7.33% 7.3% 7.19% 11.01%
Market index (FTSE Dvlp Core Infra 50/50 NR Hdg AUD)
Total return 3.91% 5.26% 12.46% 21.01% 7.01% 6.54% 4.62% 6.75%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Lazard Global Listed Infrastructure
Australian Equities
6.59%
International Equities
90.21%
Cash
3.20%
Property
0%
Average Allocation of Peers
Australian Equities
3.92%
International Equities
87.82%
Cash
2.69%
Property
5.56%

General Information

Fund Details
Type Description
Lazard Global Listed Infrastructure
Lazard Asset Management Pacific Co
LAZ0014AU
Equity Global Infrastructure - Currency Hedged
starstarstarstarstar (as at 30 Nov 2024)
Investment Fund
5 Oct 2005
$1862.08 million (as at 13 Dec 2024)
$4.6563 (as at 19 Dec 2024)
$4.633 (as at 19 Dec 2024)
Open
Offer information
Type Description
MER 0.98% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 0.98% (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 30 Sep 2024)

Holding (as at 30 Sep 2024) Type % of Portfolio
National Grid PLC Equity 8.49%
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FAQs about the Lazard Global Listed Infrastructure

The objective of the Lazard Global Listed Infrastructure managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that outperform inflation, as measured by the Australian Consumer Price Index, by 5% per annum over rolling five-year periods.

The strategy of the Lazard Global Listed Infrastructure managed fund is The Fund will invest in listed companies that own physical infrastructure (including concessions or long-term contracts to this effect), have assets predominantly invested in member countries of the Organisation for Economic Cooperation and Development and meet a minimum market capitalisation hurdle at the time 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 Listed Infrastructure managed fund is LAZ0014AU.

Lazard Global Listed Infrastructure’s total return last month was 2.94%. This was made up of a growth return of 2.94% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Lazard Global Listed Infrastructure’s total return for the last three months was 1.47%. This was made up of a growth return of 0.69% and an income return of 0.78%%. These returns were calculated as at 30 Nov 2024.

Lazard Global Listed Infrastructure’s one-year total return is 12.39%. This was made up of a growth return of 4.46% and an income return of 7.93%. These returns were calculated as at 30 Nov 2024.

Lazard Global Listed Infrastructure’s one-year total return is 7.74%. This was made up of a growth return of 0.44% and an income return of 7.3%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Lazard Global Listed Infrastructure managed fund is :

Australian Equities
6.59%
International Equities
90.21%
Cash
3.20%
Property
0%

The Responsible Entity for the Lazard Global Listed Infrastructure managed fund is Lazard Asset Management Pacific Co.

The Lazard Global Listed Infrastructure managed fund belongs to the Equity Global Infrastructure - Currency Hedged sector/asset class.

As at 13 Dec 2024, the size of the Lazard Global Listed Infrastructure managed fund was $1862.08 million.

The Lazard Global Listed Infrastructure managed fund has an inception date of 5 Oct 2005.

The current entry price of the Lazard Global Listed Infrastructure managed fund is $4.6563 per unit and the current exit price is $4.633 per unit (as at 19 Dec 2024).

The current exit price of the Lazard Global Listed Infrastructure managed fund is $4.633 per unit and the current entry price is $4.6563 per unit (as at 19 Dec 2024).

The minimum initial investment amount for the Lazard Global Listed Infrastructure 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.