C000141031 Fees and Costs — Lazard Emerging Markets Income Portfolio, Open Shares
Data updated: 2019-11-19
The net expense ratio is 1.06%: a 0.65% management fee, a 0.25% 12b-1 fee plus 12.61% other expenses, less a 12.46% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 65%.
C000141031 Fees and Expenses
Annual operating expenses and sales charges of C000141031. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 12.61% |
| Gross expense ratio | 13.52% |
| Fee waiver | −12.46% |
| 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 |
C000141031 Costs Over Time
On $10,000 invested in C000141031, assuming 5% a year before costs, total costs come to $662 over 5 years, cutting the return by 1.11% 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 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $662 |
| Value after costs | $10,389 | $11,212 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000141031 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
C000141031 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $14.8M | 57.91% |
| JPMorgan Chase & Co. | $5.0M | 19.65% |
| Citigroup Global Markets Inc. | $2.1M | 8.41% |
| HSBC Holdings PLC | $832K | 3.27% |
| Goldman Sachs & Co. LLC | $822K | 3.22% |
| Nomura Holdings, Inc. | $748K | 2.93% |
| Jefferies LLC | $574K | 2.25% |
| BNP Paribas Securities Corp. | $342K | 1.34% |
| The Bank of New York Mellon | $199K | 0.78% |
| Oppenheimer & Co. Inc. | $59K | 0.23% |
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.