GESIX Fees and Costs — Lazard Global Equity Select Portfolio, Institutional Shares
Data updated: 2025-11-24
The net expense ratio is 0.86%: a 0.65% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $24K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 23%.
GESIX Fees and Expenses
Annual operating expenses and sales charges of GESIX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
GESIX Costs Over Time
On $10,000 invested in GESIX, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,209 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
GESIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $182.7M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
GESIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $6K | 30.19% |
| Barclays Capital Inc. | $3K | 16.61% |
| BNP Paribas Securities Corp. | $3K | 13.97% |
| CLSA Americas, LLC | $2K | 9.79% |
| Macquarie Capital (USA) Inc. | $1K | 6.92% |
| BofA Securities, Inc. | $1K | 5.39% |
| Goldman Sachs & Co. LLC | $998 | 5.12% |
| HSBC Securities (USA) Inc. | $847 | 4.35% |
| Cowen and Company, LLC | $781 | 4.01% |
| Morgan Stanley & Co. LLC | $714 | 3.66% |
GESIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $182.7M | 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.