RLZFX — Lazard Equity Franchise Portfolio
Data updated: 2026-08-21
RLZFX — Lazard Equity Franchise Portfolio. Global (incl. US) Mid Cap Growth Industrials Equity · $36.63M AUM. Holdings, fees, performance and SEC filings.
RLZFX Fund Overview
RLZFX — Lazard Equity Franchise Portfolio is a US mutual fund managed by Lazard Funds INC, categorised as Global (incl. US) Mid Cap Growth Industrials 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: Global (incl. US) Mid Cap Growth Industrials Equity
- Assets under management: $36.63M
- Ticker: RLZFX
- SEC CIK: 0000874964
- SEC series ID: S000059092
- Share class ID: C000193737
RLZFX Investment Objective and Strategy
Lazard Equity Franchise 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 total return consisting of appreciation and income.
Principal investment strategy
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of companies that the Investment Manager considers to have an economic franchise. Such companies are identified by the Investment Manager as having historically shown an ability to generate unleveraged returns, at or above their cost of capital. The Portfolio invests primarily in equity securities, principally common stocks, of U.S. and non-U.S. companies, including those in emerging markets. The Investment Manager considers that strong business franchises are often able to accomplish this performance and status because of competitive advantages such as an established or recognized brand, proprietary intellectual property or other intangible assets or industry economics such as relatively high customer switching costs.
The Portfolio normally invests in equity securities listed on a national or other recognized securities exchange. The Portfolio may invest in the equity securities of any size company. The Investment Manager may enter into foreign currency forward contracts to hedge some or all foreign currency exposure in the Portfolio against movements relative to the U.S. dollar and generally not for the purpose of generating investment returns. However, the Investment Manager may determine not to hedge some or all of the Portfolios foreign currency exposure from time-to-time or at any time. The Portfolio is classified as non-diversified under the Investment Company Act of 1940, as amended, which means that it may invest a relatively high percentage of its assets in a limited number of issuers, when compared to a diversified fund.
RLZFX Holdings
Top 10 holdings of Lazard Equity Franchise Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| H&R Block Inc | 6.55% |
| Nexi SpA | 6.34% |
| Fiserv Inc | 6.16% |
| Omnicom Group Inc | 6.03% |
| Brightstar Lottery PLC | 5.96% |
| Fdj United | 5.68% |
| DENTSPLY SIRONA Inc | 4.92% |
| Autotrader Group PLC | 4.53% |
| Bunzl PLC | 3.63% |
| Henkel AG & Co KGaA | 3.32% |
RLZFX Portfolio Allocation
Asset-class allocation of Lazard Equity Franchise Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.3% |
RLZFX Performance
Total returns for RLZFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -6.7% |
| 1 year | -16.5% |
| 3 years (annualised) | -0.6% |
| 5 years (annualised) | 2.1% |
RLZFX Risk Information
Risk metrics for RLZFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.3%
RLZFX Costs and Fees
RLZFX costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 1.06%
- Portfolio turnover: 96%
- Brokerage commissions: 16.90 bps of average net assets (SEC N-CEN)
RLZFX Cashflows
Over the 12 months to 2026-06, Lazard Equity Franchise Portfolio had net inflows of $3.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$191.42K |
| 2026-05 | −$148.08K |
| 2026-04 | −$658.23K |
| 2026-03 | −$1.16M |
| 2026-02 | $3.87M |
| 2026-01 | −$151.77K |
RLZFX Debt Constituents
No individual debt constituents are reported in Lazard Equity Franchise Portfolio's latest SEC N-PORT filing.
RLZFX Prospectus and SEC Filings
Official Lazard Equity Franchise 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 Global (incl. US) Mid Cap Growth Industrials 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.