C000145069 Fees and Costs — Lazard Global Strategic Equity Portfolio, Open Shares
Data updated: 2024-05-29
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 3.79% other expenses, less a 3.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $9K in broker commissions, 0.0870% of average net assets, and portfolio turnover was 32%.
C000145069 Fees and Expenses
Annual operating expenses and sales charges of C000145069. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.79% |
| Gross expense ratio | 4.79% |
| Fee waiver | −3.64% |
| Net expense ratio | 1.15% |
| 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 |
C000145069 Costs Over Time
On $10,000 invested in C000145069, assuming 5% a year before costs, total costs come to $770 over 5 years, cutting the return by 1.30% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $770 |
| Value after costs | $10,370 | $11,152 | $11,993 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000145069 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0870%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $8.7M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000145069 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NH Investment & Securities Co., Ltd. | $2K | 20.29% |
| Goldman Sachs & Co. LLC | $971 | 12.43% |
| UBS Securities LLC | $956 | 12.24% |
| BofA Securities, Inc. | $901 | 11.54% |
| Morgan Stanley & Co. LLC | $784 | 10.04% |
| Citigroup Global Markets Inc. | $618 | 7.92% |
| J.P. Morgan Securities LLC | $615 | 7.88% |
| Barclays Capital Inc. | $480 | 6.15% |
| Jefferies LLC | $451 | 5.77% |
| CLSA Americas, LLC | $448 | 5.74% |
C000145069 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $8.7M | 100.00% |
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.