C000028474 Fees and Costs — Lazard Retirement US Small Cap Equity Select Portfolio, Service Shares
Data updated: 2026-05-28
The net expense ratio is 1.10%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $54K in broker commissions, 0.1751% of average net assets, and portfolio turnover was 89%.
C000028474 Fees and Expenses
Annual operating expenses and sales charges of C000028474. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.10% |
| 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 |
C000028474 Costs Over Time
On $10,000 invested in C000028474, assuming 5% a year before costs, total costs come to $793 over 5 years, cutting the return by 1.34% 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 1.10%) | $116 | $359 | $621 |
| Trading costs (broker commissions) | $18 | $57 | $99 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $437 | $793 |
| Value after costs | $10,366 | $11,139 | $11,970 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000028474 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): 0.1751%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $94.6M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
C000028474 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $10K | 21.39% |
| Goldman Sachs & Co. LLC | $8K | 17.87% |
| Loop Capital Markets LLC | $5K | 12.01% |
| Citigroup Global Markets Inc. | $5K | 10.75% |
| UBS Securities LLC | $4K | 9.63% |
| J.P. Morgan Securities LLC | $3K | 6.74% |
| TD Securities (USA) LLC | $3K | 5.66% |
| Barclays Capital Inc. | $3K | 5.48% |
| Liquidnet, Inc. | $2K | 5.32% |
| Morgan Stanley & Co. LLC | $2K | 5.16% |
C000028474 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $93.5M | 98.80% |
| J.P. Morgan Securities LLC | $578K | 0.61% |
| Jefferies LLC | $255K | 0.27% |
| BofA Securities, Inc. | $119K | 0.13% |
| Morgan Stanley & Co. LLC | $89K | 0.09% |
| Raymond James & Associates, Inc. | $46K | 0.05% |
| Goldman Sachs & Co. LLC | $45K | 0.05% |
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.