Lazard International Equity Concentrated Portfolio
Data updated: 2021-08-13
C000145071 — Lazard International Equity Concentrated Portfolio. Emerging Markets Value Equity · $2.36M AUM. Holdings, fees, performance and SEC filings.
C000145071 Fund Overview
Lazard International Equity Concentrated Portfolio is a US mutual fund managed by Lazard Funds INC, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Lazard Funds INC
- Category: Emerging Markets Value Equity
- Assets under management: $2.36M
- 1-year return: 29.9%
- SEC CIK: 0000874964
- SEC series ID: S000046423
- Share class ID: C000145071
C000145071 Investment Objective and Strategy
Lazard International Equity Concentrated Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lazard Funds INC.
Investment objective
The Portfolio seeks long-term capital appreciation.
Principal investment strategy
The Portfolio invests primarily in equity securities, principally common stocks, of non-US companies. The Portfolio has a concentrated portfolio of investments, typically investing in 20 to 30 securities of non-US companies, including those whose principal business activities are located in emerging market countries. The Investment Manager seeks to realize the Portfolios investment objective primarily through stock selection, investing in companies believed to have sustainably high or improving returns and trading at attractive valuations. In choosing stocks for the Portfolio, the Investment Manager generally looks for established companies in economically developed countries that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. The Investment Manager also may invest the Portfolios assets in securities of companies domiciled in emerging market countries in an amount up to the current percentage of securities in the MSCI All Country World Index ex-US issued by companies domiciled in emerging market countries (25.9% as of March 12, 2018) plus 15%.
The Portfolio may invest in securities of companies across the capitalization spectrum. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities. The Portfolio is classified as non-diversified under the 1940 Act, which means that it may invest a relatively high percentage of its assets in a limited number of issuers, when compared to a diversified fund.
C000145071 Performance
Total returns for C000145071 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 29.9% |
| 3 years (annualised) | 6.3% |
C000145071 Risk Information
Risk metrics for C000145071, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.7%
C000145071 Costs and Fees
C000145071 costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 1.17%
- Portfolio turnover: 93%
- Brokerage commissions: 17.68 bps of average net assets (SEC N-CEN)
C000145071 Cashflows
Over the 12 months to 2021-06, Lazard International Equity Concentrated Portfolio had net outflows of $63.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | −$1.21M |
| 2021-05 | −$794.89K |
| 2021-04 | −$8.26M |
| 2021-03 | −$238.07K |
| 2021-02 | −$1.54M |
| 2021-01 | −$191.03K |
C000145071 Debt Constituents
No individual debt constituents are reported in Lazard International Equity Concentrated Portfolio's latest SEC N-PORT filing.
C000145071 Prospectus and SEC Filings
Official Lazard International Equity Concentrated Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-08
- Prospectus supplement (497) — filed 2021-04-29
- Prospectus supplement (497) — filed 2020-05-13
- Portfolio holdings (N-PORT) — filed 2021-08-13
- Portfolio holdings (N-PORT) — filed 2021-05-25
- Portfolio holdings (N-PORT) — filed 2021-02-04
- Annual census (N-CEN) — filed 2021-03-12
- Annual census (N-CEN) — filed 2020-03-11
Related Funds
Other Emerging Markets Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.