C000113249 Fees and Costs — Lazard Retirement Global Dynamic Multi-Asset Portfolio, Service Shares
Data updated: 2026-08-21
The net expense ratio is 1.06%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $125K in broker commissions, 0.0742% of average net assets, and portfolio turnover was 93%.
C000113249 Fees and Expenses
Annual operating expenses and sales charges of C000113249. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.06% |
| 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 |
C000113249 Costs Over Time
On $10,000 invested in C000113249, assuming 5% a year before costs, total costs come to $708 over 5 years, cutting the return by 1.19% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $708 |
| Value after costs | $10,381 | $11,187 | $12,055 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000113249 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): 0.0742%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $372.6M
- Portfolio turnover (prospectus): 93%
- Securities lending: none during the year
C000113249 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $21K | 19.17% |
| Barclays Capital Inc. | $20K | 18.14% |
| BofA Securities, Inc. | $19K | 17.80% |
| UBS Securities LLC | $11K | 10.35% |
| J.P. Morgan Securities LLC | $11K | 9.91% |
| Penserra Securities LLC | $7K | 6.83% |
| Goldman Sachs & Co. LLC | $7K | 6.41% |
| TD Securities (USA) LLC | $6K | 5.59% |
| CLSA Americas, LLC | $3K | 3.14% |
| Wells Fargo Securities, LLC | $3K | 2.65% |
C000113249 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $215.0M | 72.06% |
| Citadel Securities LLC | $15.5M | 5.19% |
| Citigroup Global Markets Inc. | $11.3M | 3.77% |
| MarketAxess Corporation | $10.8M | 3.63% |
| J.P. Morgan Securities LLC | $10.8M | 3.60% |
| Jane Street Execution Services, LLC | $8.8M | 2.95% |
| TD Securities (USA) LLC | $7.2M | 2.40% |
| HSBC Securities (USA) Inc. | $6.6M | 2.23% |
| BNP Paribas Securities Corp. | $6.5M | 2.19% |
| Deutsche Bank Securities Inc. | $6.0M | 2.00% |
Lazard Retirement Global Dynamic Multi-Asset Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000113248 | Investor Shares | 0.91% | — |
| C000113249 | Service Shares | 1.06% | — |
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.