SUSLX Fees and Costs — Lazard US Sustainable Equity Portfolio, Open Shares
Data updated: 2025-08-21
The net expense ratio is 1.00%: a 0.60% management fee, a 0.25% 12b-1 fee plus 1.77% other expenses, less a 1.62% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0099% of average net assets, and portfolio turnover was 28%.
SUSLX Fees and Expenses
Annual operating expenses and sales charges of SUSLX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.77% |
| Gross expense ratio | 2.62% |
| Fee waiver | −1.62% |
| Net expense ratio | 1.00% |
| 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 |
SUSLX Costs Over Time
On $10,000 invested in SUSLX, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
SUSLX 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): 0.0099%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $60.3M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
SUSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $304 | 25.43% |
| Citigroup Global Markets Inc. | $172 | 14.42% |
| Barclays Capital Inc. | $150 | 12.57% |
| BNP Paribas Securities Corp. | $131 | 11.00% |
| Goldman Sachs & Co. LLC | $110 | 9.24% |
| UBS Securities LLC | $86 | 7.18% |
| BofA Securities, Inc. | $80 | 6.66% |
| Mizuho Securities USA LLC | $79 | 6.61% |
| Robert W. Baird & Co. Incorporated | $49 | 4.10% |
| Sanford C. Bernstein & Co., LLC | $33 | 2.78% |
SUSLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $60.3M | 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.