Lazard Select Australian Equity (I Class) - Managed Fund

The objective of the Lazard Select Australian 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 S&P/ASX 200 Accumulation Index ('the benchmark') by 5% per annum over rolling five-year periods.

The strategy of the Lazard Select Australian Equity (I Class) managed fund is The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 12 to 30 which means Lazard makes active investment decisions as to which stocks the Fund holds.

The APIR code of the Lazard Select Australian Equity (I Class) managed fund is LAZ0005AU.

Lazard Select Australian Equity (I Class)’s total return last month was -4.05%. This was made up of a growth return of -4.05% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Lazard Select Australian Equity (I Class)’s total return for the last three months was -2.13%. This was made up of a growth return of -3.56% and an income return of 1.43%%. These returns were calculated as at 31 Oct 2024.

Lazard Select Australian Equity (I Class)’s one-year total return is 6.38%. This was made up of a growth return of -2.34% and an income return of 8.72%. These returns were calculated as at 31 Oct 2024.

Lazard Select Australian Equity (I Class)’s one-year total return is 11.05%. This was made up of a growth return of 5.05% and an income return of 6%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Lazard Select Australian Equity (I Class) managed fund is :

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

The Lazard Select Australian Equity (I Class) managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 25 Nov 2024, the size of the Lazard Select Australian Equity (I Class) managed fund was $10.94 million.

The Lazard Select Australian Equity (I Class) managed fund has an inception date of 12 Jun 2002.

The current entry price of the Lazard Select Australian Equity (I Class) managed fund is $1.8341 per unit and the current exit price is $1.8267 per unit (as at 25 Nov 2024).

The current exit price of the Lazard Select Australian Equity (I Class) managed fund is $1.8267 per unit and the current entry price is $1.8341 per unit (as at 25 Nov 2024).

The minimum initial investment amount for the Lazard Select Australian Equity (I Class) managed fund is $5,000,000. Minimum additional investment is $0.