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  5. Lazard Global Small Capital (I Class) - Managed fund profile

Lazard Global Small Capital (I Class) - Managed Fund (Closed)

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 World Small Cap Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.
Fund Strategy
The investment strategy of the Fund is to provide investors with access to investments in global small companies in any geographical location. LAM considers global small cap equity securities to have market capitalisations generally between US$300 million and US$5 billion and to be domiciled in countries in the benchmark.

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 -4.24% -5.32% -12.55% -19.39% 7.97% 3.91% 5.99% 13.07%
Growth return -4.24% -12.84% -19.49% -25.78% 0.08% -2.38% 1.12% 9.47%
Income return 0% 7.52% 6.94% 6.39% 7.89% 6.29% 4.87% 3.6%
Market index (MSCI World Small Cap NR AUD)
Total return 7.04% 9.92% 13.44% 28.32% 14.97% 6.88% 9.3% 11.1%
As at 31 Aug 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Lazard Global Small Capital (I Class)
Australian Equities
2.09%
International Equities
97.14%
Cash
0.77%
Property
0%
Average Allocation of Peers
Australian Equities
3.78%
International Equities
92.83%
Cash
2.94%
Property
0.45%

General Information

Fund Details
Type Description
Lazard Global Small Capital (I Class) (Wholesale)
Closed
Lazard Asset Management Pacific Co
LAZ0002AU
Equity World Mid/Small
starstarstar (as at 31 Aug 2022)
Investment Fund
22 Oct 1997
$7.23 million (as at 23 Sep 2022)
$2.0759 (as at 23 Sep 2022)
$2.0655 (as at 23 Sep 2022)
Finalised
Offer information
Type Description
MER 0.97% (as at 30 Sep 2022)
Indirect Cost Ratio (ICR) 0.97% (as at 30 Jun 2022)
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
Commerce Bancshares Inc Equity 2.95%
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FAQs about the Lazard Global Small Capital (I Class)

The objective of the Lazard Global Small Capital (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 World Small Cap Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.

The strategy of the Lazard Global Small Capital (I Class) managed fund is The investment strategy of the Fund is to provide investors with access to investments in global small companies in any geographical location. LAM considers global small cap equity securities to have market capitalisations generally between US$300 million and US$5 billion and to be domiciled in countries in the benchmark.

The APIR code of the Lazard Global Small Capital (I Class) managed fund is LAZ0002AU.

Lazard Global Small Capital (I Class)’s total return last month was -4.24%. This was made up of a growth return of -4.24% and an income return of 0%. These returns were calculated as at 31 Aug 2022.

Lazard Global Small Capital (I Class)’s total return for the last three months was -5.32%. This was made up of a growth return of -12.84% and an income return of 7.52%%. These returns were calculated as at 31 Aug 2022.

Lazard Global Small Capital (I Class)’s one-year total return is -19.39%. This was made up of a growth return of -25.78% and an income return of 6.39%. These returns were calculated as at 31 Aug 2022.

Lazard Global Small Capital (I Class)’s one-year total return is 3.91%. This was made up of a growth return of -2.38% and an income return of 6.29%. These returns were calculated as at 31 Aug 2022.

The asset allocation of the Lazard Global Small Capital (I Class) managed fund is :

Australian Equities
2.09%
International Equities
97.14%
Cash
0.77%
Property
0%

The Responsible Entity for the Lazard Global Small Capital (I Class) managed fund is Lazard Asset Management Pacific Co.

The Lazard Global Small Capital (I Class) managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 23 Sep 2022, the size of the Lazard Global Small Capital (I Class) managed fund was $7.23 million.

The Lazard Global Small Capital (I Class) managed fund has an inception date of 22 Oct 1997.

The current entry price of the Lazard Global Small Capital (I Class) managed fund is $2.0759 per unit and the current exit price is $2.0655 per unit (as at 23 Sep 2022).

The current exit price of the Lazard Global Small Capital (I Class) managed fund is $2.0655 per unit and the current entry price is $2.0759 per unit (as at 23 Sep 2022).

The minimum initial investment amount for the Lazard Global Small Capital (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.