LEAOX Performance — Lazard Emerging Markets Equity Advantage Portfolio, Open Shares
Data updated: 2026-08-21
LEAOX returned +26.84% year to date and +45.79% over one year to Jun 2026. Annualised returns are +25.09% over 3 years and +8.60% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $196, against $179 for the category, and to $146 over one year, against $141. Volatility over the past three years was 16.40% a year. In the 12 months to Jun 2026 the fund took in a net $348.8M, and assets reached $913.54M.
LEAOX Growth of $100
What $100 invested in Lazard Emerging Markets Equity Advantage 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 | LEAOX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $146 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $196 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $151 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $211 | $195 |
LEAOX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +26.84% |
| 1 year | +45.79% |
| 3 years (annualised) | +25.09% |
| 5 years (annualised) | +8.60% |
LEAOX Annual Returns
Calendar-year total returns of Lazard Emerging Markets Equity Advantage Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +26.84% |
| 2025 | +33.23% |
| 2024 | +11.15% |
| 2023 | +12.38% |
| 2022 | −21.21% |
| 2021 | +0.62% |
| 2020 | +17.10% |
| 2019 (Jul–Dec) | +7.45% |
LEAOX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.7% | +6.5% | −11.2% | +13.9% | +8.7% | −1.2% | — | — | — | — | — | — |
| 2025 | +1.8% | −0.3% | +1.3% | +0.8% | +4.5% | +7.0% | +1.0% | +2.2% | +6.6% | +3.5% | −1.6% | +2.5% |
| 2024 | −2.5% | +6.2% | +1.9% | 0.0% | +2.2% | +3.0% | −0.2% | +1.0% | +5.6% | −3.7% | −2.4% | 0.0% |
| 2023 | +9.2% | −5.9% | +3.7% | −0.9% | −1.7% | +4.0% | +5.6% | −5.6% | −2.0% | −3.5% | +6.8% | +3.5% |
| 2022 | −1.1% | −4.3% | −2.4% | −6.0% | +2.1% | −7.1% | −0.4% | −1.2% | −11.0% | −2.8% | +16.1% | −3.2% |
| 2021 | +3.7% | +1.3% | +0.1% | +2.5% | +0.9% | +1.9% | −6.2% | +0.7% | −4.4% | +1.7% | −4.5% | +3.5% |
| 2020 | −5.3% | −3.8% | −16.2% | +8.3% | +2.7% | +5.9% | +10.3% | +2.1% | −1.8% | +2.1% | +7.4% | +7.4% |
| 2019 | — | — | — | — | — | — | −1.8% | −3.6% | +2.1% | +3.7% | −0.1% | +7.3% |
LEAOX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.40%
- 3-year Sharpe ratio: 1.26 (vs 4.5% risk-free rate)
- Best month: +13.87% (Apr 2026)
- Worst month: −11.22% (Mar 2026)
LEAOX Fund Flows
Monthly money in and out of Lazard Emerging Markets Equity Advantage Portfolio, from SEC Form N-PORT.
- 12-month net flow: $348.8M
- 12-month gross sales (incl. reinvestments): $657.1M
- Sales ÷ redemptions: 2.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $27.5M | $13.6M | $13.9M |
| May 2026 | $48.4M | $72.7M | −$24.3M |
| Apr 2026 | $26.4M | $18.2M | $8.3M |
| Mar 2026 | $47.9M | $16.3M | $31.6M |
| Feb 2026 | $41.2M | $55.5M | −$14.2M |
| Jan 2026 | $33.2M | $10.0M | $23.1M |
| Dec 2025 | $36.2M | $6.9M | $29.3M |
| Nov 2025 | $70.7M | $83.2M | −$12.6M |
| Oct 2025 | $67.4M | $8.6M | $58.8M |
| Sep 2025 | $15.0M | $11.9M | $3.0M |
| Aug 2025 | $212.6M | $4.2M | $208.4M |
| Jul 2025 | $30.7M | $7.3M | $23.4M |
LEAOX Assets Under Management
Net assets of Lazard Emerging Markets Equity Advantage Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $913.54M |
| 2026-03-31 | $747.25M |
| 2025-12-31 | $682.63M |
| 2025-09-30 | $591.12M |
| 2025-06-30 | $308.07M |
| 2025-03-31 | $247.44M |
| 2024-12-31 | $191.87M |
| 2024-09-30 | $165.21M |
| 2024-06-30 | $134.10M |
| 2024-03-31 | $117.73M |
| 2023-12-31 | $132.00M |
| 2023-09-30 | $129.16M |
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.