RLDMX — Lazard Developing Markets Equity Portfolio
Data updated: 2026-08-21
RLDMX — Lazard Developing Markets Equity Portfolio. Emerging Markets Large Cap Growth Financials Equity. Holdings, fees, performance and SEC filings.
RLDMX Fund Overview
RLDMX — Lazard Developing Markets Equity Portfolio is a US mutual fund managed by Lazard Funds INC, categorised as Emerging Markets Large Cap Growth Financials 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 Large Cap Growth Financials Equity
- Assets under management: $129.39M
- Ticker: RLDMX
- SEC CIK: 0000874964
- SEC series ID: S000023480
- Share class ID: C000134195
RLDMX Investment Objective and Strategy
Lazard Developing Markets Equity 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
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of companies whose principal business activities are located in developing market countries (also known as emerging markets). The Portfolio invests primarily in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in emerging market countries. In addition to common stocks, such equity securities also may include American Depositary Receipts (ADRs), Global Depositary Receipts and European Depositary Receipts. Emerging market countries include all countries represented by the MSCI Emerging Markets Index, which currently includes: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The Investment Manager employs a relative growth investment philosophy that is based on value creation through the process of bottom-up stock selection. The Investment Managers approach consists of an analytical framework, accounting validation, fundamental analysis and portfolio construction parameters. The Investment Managers selection process focuses on growth and considers the sustainability of growth and the trade off between valuation and growth. Implementation of the Portfolios investment strategy may, during certain periods, result in the investment of a significant portion of the Portfolios assets in a particular market sector and/or a particular country.
RLDMX Holdings
Top 10 holdings of Lazard Developing Markets Equity Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 16.20% |
| Samsung Electronics Co Ltd | 10.62% |
| SK hynix Inc | 9.47% |
| Tencent Holdings Ltd | 3.19% |
| ASE Technology Holding Co Ltd | 2.56% |
| MediaTek Inc | 2.53% |
| Lenovo Group Ltd | 2.50% |
| Alibaba Group Holding Ltd | 2.01% |
| Grupo Financiero Banorte SAB de CV | 1.91% |
| Capitec Bank Holdings Ltd | 1.79% |
RLDMX Portfolio Allocation
Asset-class allocation of Lazard Developing Markets Equity Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 0.8% |
RLDMX Performance
Total returns for RLDMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 32.0% |
| 1 year | 57.0% |
| 3 years (annualised) | 24.6% |
| 5 years (annualised) | 6.9% |
RLDMX Risk Information
Risk metrics for RLDMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.5%
RLDMX Costs and Fees
RLDMX costs about $105 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.05%
- Gross expense ratio: 1.22%
- Portfolio turnover: 35%
- Brokerage commissions: 8.22 bps of average net assets (SEC N-CEN)
RLDMX Cashflows
Over the 12 months to 2026-06, Lazard Developing Markets Equity Portfolio had net outflows of $12.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.19M |
| 2026-05 | −$1.51M |
| 2026-04 | −$767.02K |
| 2026-03 | −$1.27M |
| 2026-02 | −$615.59K |
| 2026-01 | −$221.80K |
RLDMX Debt Constituents
No individual debt constituents are reported in Lazard Developing Markets Equity Portfolio's latest SEC N-PORT filing.
RLDMX Prospectus and SEC Filings
Official Lazard Developing Markets Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus supplement (497) — filed 2024-05-03
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Emerging Markets Large Cap Growth Financials 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.