IEAOX Fees and Costs — Lazard International Equity Advantage Portfolio, Open Shares
Data updated: 2025-05-28
The net expense ratio is 1.05%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.79% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $29K in broker commissions, 0.1294% of average net assets, and portfolio turnover was 82%.
IEAOX Fees and Expenses
Annual operating expenses and sales charges of IEAOX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.64% |
| Net expense ratio | 1.05% |
| 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 |
IEAOX Costs Over Time
On $10,000 invested in IEAOX, assuming 5% a year before costs, total costs come to $735 over 5 years, cutting the return by 1.24% 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 1.05%) | $110 | $343 | $594 |
| Trading costs (broker commissions) | $14 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $735 |
| Value after costs | $10,376 | $11,171 | $12,028 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
IEAOX 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): 0.1294%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $47.0M
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
IEAOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $7K | 25.72% |
| BofA Securities, Inc. | $5K | 16.78% |
| HSBC Securities (USA) Inc. | $4K | 15.13% |
| Barclays Capital Inc. | $3K | 10.39% |
| Goldman Sachs & Co. LLC | $3K | 10.06% |
| Cowen and Company, LLC | $2K | 6.70% |
| Morgan Stanley & Co. LLC | $2K | 6.66% |
| CLSA Americas, LLC | $1K | 3.77% |
| J.P. Morgan Securities LLC | $869 | 3.20% |
| Citigroup Global Markets Inc. | $431 | 1.59% |
IEAOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $47.0M | 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.