C000028469 Fees and Costs — Lazard Retirement Emerging Markets Equity Portfolio, Investor Shares
Data updated: 2026-08-21
The net expense ratio is 1.14%: a 1.00% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $227K in broker commissions, 0.0671% of average net assets, and portfolio turnover was 30%.
C000028469 Fees and Expenses
Annual operating expenses and sales charges of C000028469. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000028469 Costs Over Time
On $10,000 invested in C000028469, assuming 5% a year before costs, total costs come to $752 over 5 years, cutting the return by 1.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $414 | $752 |
| Value after costs | $10,373 | $11,162 | $12,011 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000028469 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0671%
- Total broker commissions: $227K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000028469 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $35K | 18.49% |
| CLSA Americas, LLC | $27K | 14.39% |
| J.P. Morgan Securities LLC | $25K | 12.87% |
| BofA Securities, Inc. | $24K | 12.56% |
| Goldman Sachs & Co. LLC | $19K | 10.05% |
| Citigroup Global Markets Inc. | $18K | 9.56% |
| Jefferies LLC | $13K | 6.56% |
| Macquarie Capital (USA) Inc. | $11K | 5.57% |
| BMO Capital Markets Corp. | $10K | 5.18% |
| BNP Paribas Securities Corp. | $9K | 4.77% |
C000028469 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.4B | 98.10% |
| BofA Securities, Inc. | $27.5M | 1.90% |
Lazard Retirement Emerging Markets Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000028469 | Investor Shares | 1.14% | — |
| C000028468 | Service Shares | 1.39% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.