RLEOX Fees and Costs — Lazard Emerging Markets Core Equity Portfolio, R6 Shares
Data updated: 2025-11-24
The net expense ratio is 1.05%: a 1.00% management fee plus 0.75% other expenses, less a 0.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $109K in broker commissions, 0.0942% of average net assets, and portfolio turnover was 39%.
RLEOX Fees and Expenses
Annual operating expenses and sales charges of RLEOX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.75% |
| Gross expense ratio | 1.75% |
| Fee waiver | −0.70% |
| 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 |
RLEOX Costs Over Time
On $10,000 invested in RLEOX, assuming 5% a year before costs, total costs come to $714 over 5 years, cutting the return by 1.20% 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 | $595 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $393 | $714 |
| Value after costs | $10,380 | $11,183 | $12,049 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
RLEOX 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): 0.0942%
- Total broker commissions: $109K
- Bought from dealers (principal trades, not a cost): $106.9M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
RLEOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $36K | 34.80% |
| J.P. Morgan Securities LLC | $20K | 19.11% |
| UBS Securities LLC | $12K | 12.03% |
| Morgan Stanley & Co. LLC | $11K | 10.32% |
| Citigroup Global Markets Inc. | $8K | 7.67% |
| Goldman Sachs & Co. LLC | $7K | 7.22% |
| Eurobank Ergasias Services and Holdings S.A. | $3K | 2.47% |
| Macquarie Capital (USA) Inc. | $3K | 2.42% |
| CLSA Americas, LLC | $2K | 2.13% |
| Barclays Capital Inc. | $2K | 1.82% |
RLEOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $105.9M | 99.07% |
| Jefferies LLC | $991K | 0.93% |
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.