ECEOX Performance — Lazard Emerging Markets Core Equity Portfolio, Open Shares
Data updated: 2025-11-24
ECEOX returned +16.15% over one year to Sep 2025. Annualised returns are +18.69% over 3 years and +4.49% over 5 years. Against its Emerging Markets Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $167, against $161 for the category, and to $116 over one year, against $116. Volatility over the past three years was 15.50% a year. In the 12 months to Sep 2025 the fund took in a net $1.5M, and assets reached $140.75M.
ECEOX Growth of $100
What $100 invested in Lazard Emerging Markets Core Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | ECEOX | Category average |
|---|---|---|
| 1 year (Oct 2024 – Sep 2025) | $116 | $116 |
| 3 years (Oct 2022 – Sep 2025) | $167 | $161 |
| 5 years (Oct 2020 – Sep 2025) | $125 | $142 |
| Since data start (Jul 2019 – Sep 2025) | $125 | $151 |
ECEOX Trailing Returns
Total returns to Sep 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +16.15% |
| 3 years (annualised) | +18.69% |
| 5 years (annualised) | +4.49% |
ECEOX Annual Returns
Calendar-year total returns of Lazard Emerging Markets Core Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Sep) | +25.29% |
| 2024 | +6.90% |
| 2023 | +12.04% |
| 2022 | −21.80% |
| 2021 | −11.53% |
| 2020 | +11.69% |
| 2019 (Jul–Dec) | +8.05% |
ECEOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +2.1% | −0.2% | +0.8% | +0.9% | +4.8% | +5.7% | +1.5% | +1.6% | +5.9% | — | — | — |
| 2024 | −3.5% | +4.5% | +2.8% | −0.3% | +1.7% | +3.5% | −0.7% | +1.0% | +5.5% | −4.7% | −2.2% | −0.5% |
| 2023 | +10.5% | −6.4% | +4.3% | −1.3% | −1.7% | +4.3% | +5.1% | −6.8% | −3.0% | −2.6% | +6.8% | +3.9% |
| 2022 | −1.0% | −6.6% | −2.4% | −6.8% | +1.2% | −8.0% | +2.1% | −0.6% | −11.7% | +0.9% | +14.6% | −3.6% |
| 2021 | +2.5% | +1.6% | −2.3% | +0.6% | +1.1% | −0.2% | −6.6% | −0.1% | −5.1% | +1.6% | −5.3% | +0.5% |
| 2020 | −5.6% | −5.0% | −19.4% | +8.0% | +2.3% | +6.5% | +9.2% | +1.9% | −1.6% | +1.7% | +9.8% | +7.5% |
| 2019 | — | — | — | — | — | — | −1.5% | −5.0% | +2.8% | +3.7% | +0.4% | +7.8% |
ECEOX Risk
Risk measures from monthly returns over Oct 2022 – Sep 2025.
- 3-year volatility (annualised): 15.50%
- 3-year Sharpe ratio: 0.92 (vs 4.5% risk-free rate)
- Best month: +14.58% (Nov 2022)
- Worst month: −6.81% (Aug 2023)
ECEOX Fund Flows
Monthly money in and out of Lazard Emerging Markets Core Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: $1.5M
- 12-month gross sales (incl. reinvestments): $31.0M
- Sales ÷ redemptions: 1.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2025 | $1.7M | $3.2M | −$1.5M |
| Aug 2025 | $4.0M | $2.3M | $1.7M |
| Jul 2025 | $2.1M | $4.6M | −$2.6M |
| Jun 2025 | $1.3M | $1.8M | −$462K |
| May 2025 | $740K | $1.9M | −$1.1M |
| Apr 2025 | $1.5M | $1.7M | −$181K |
| Mar 2025 | $3.4M | $4.5M | −$1.1M |
| Feb 2025 | $1.3M | $1.6M | −$285K |
| Jan 2025 | $8.3M | $2.0M | $6.2M |
| Dec 2024 | $2.4M | $2.6M | −$168K |
| Nov 2024 | $1.4M | $1.4M | −$55K |
| Oct 2024 | $2.9M | $1.8M | $1.0M |
ECEOX Assets Under Management
Net assets of Lazard Emerging Markets Core Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-09-30 | $140.75M |
| 2025-06-30 | $132.39M |
| 2025-03-31 | $120.18M |
| 2024-12-31 | $112.21M |
| 2024-09-30 | $121.34M |
| 2024-06-30 | $116.29M |
| 2024-03-31 | $117.25M |
| 2023-12-31 | $118.52M |
| 2023-09-30 | $115.37M |
| 2023-06-30 | $139.28M |
| 2023-03-31 | $99.58M |
| 2022-12-31 | $90.53M |
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.