C000028478 Fees and Costs — Lazard Retirement International Equity Portfolio, Service Shares
Data updated: 2026-08-21
The net expense ratio is 1.10%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $116K in broker commissions, 0.1024% of average net assets, and portfolio turnover was 45%.
C000028478 Fees and Expenses
Annual operating expenses and sales charges of C000028478. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.09% |
| 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 |
C000028478 Costs Over Time
On $10,000 invested in C000028478, assuming 5% a year before costs, total costs come to $749 over 5 years, cutting the return by 1.26% 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 | $360 | $622 |
| Trading costs (broker commissions) | $11 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $413 | $749 |
| Value after costs | $10,374 | $11,164 | $12,014 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000028478 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): 0.1024%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): $409.0M
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
C000028478 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $21K | 22.98% |
| BNP Paribas Securities Corp. | $17K | 18.05% |
| Jefferies LLC | $10K | 10.79% |
| BofA Securities, Inc. | $9K | 10.21% |
| UBS Securities LLC | $7K | 8.09% |
| HSBC Securities (USA) Inc. | $7K | 7.39% |
| CLSA Americas, LLC | $6K | 6.67% |
| SG Americas Securities, LLC | $5K | 5.84% |
| Goldman Sachs & Co. LLC | $5K | 5.74% |
| J.P. Morgan Securities LLC | $4K | 4.24% |
C000028478 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $408.7M | 99.93% |
| Morgan Stanley & Co. LLC | $300K | 0.07% |
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.