C000110021 Fees and Costs — Lazard Global Fixed Income Portfolio, Open Shares
Data updated: 2023-08-24
The net expense ratio is 0.95%: a 0.50% management fee, a 0.25% 12b-1 fee plus 15.05% other expenses, less a 14.85% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 32%.
C000110021 Fees and Expenses
Annual operating expenses and sales charges of C000110021. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 15.05% |
| Gross expense ratio | 15.80% |
| Fee waiver | −14.85% |
| Net expense ratio | 0.95% |
| 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 |
C000110021 Costs Over Time
On $10,000 invested in C000110021, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000110021 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.7M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000110021 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.0M | 46.72% |
| MarketAxess Corporation | $1.1M | 12.95% |
| Goldman Sachs & Co. LLC | $1.0M | 12.16% |
| Nomura Securities International, Inc. | $452K | 5.32% |
| J.P. Morgan Securities LLC | $391K | 4.60% |
| TD Securities (USA) LLC | $388K | 4.57% |
| BNP Paribas Securities Corp. | $351K | 4.13% |
| BofA Securities, Inc. | $284K | 3.35% |
| HSBC Securities (USA) Inc. | $283K | 3.33% |
| Morgan Stanley & Co. LLC | $244K | 2.87% |
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.