# Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/glfox for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Lazard · Asset class: Equity - Strategy: Actively Managed · Inception: 2010-01-05 Lazard Global Listed Infrastructure Portfolio Open Shares is a U.S. mutual fund managed by Lazard Asset Management that invests primarily in equity securities of listed infrastructure companies with a minimum market capitalization of $250 million, focusing on businesses the manager believes are undervalued. Under normal circumstances, the fund invests at least 80% of its assets in infrastructure-related equities—including utilities, pipelines, toll roads, airports, railroads, ports, and telecommunications companies—with at least 30–40% allocated to companies outside the manager's home market. ## Key Facts | Metric | Value | |---|---| | Price | $19.15 | | Expense Ratio | 1.21% | | AUM (All Share Classes) | $11.59B | | NAV | $19.15 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 3.23% | | Annual Distribution (TTM) | $0.62 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $17.52 – $20.70 | | Beta | 0.50 | ## Latest Distribution - Amount: $0.0623 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-21 ## Frequently Asked Questions ### What does GLFOX invest in? Lazard Global Listed Infrastructure Portfolio Open Shares is a U.S. mutual fund managed by Lazard Asset Management that invests primarily in equity securities of listed infrastructure companies with a minimum market capitalization of $250 million, focusing on businesses the manager believes are undervalued. Under normal circumstances, the fund invests at least 80% of its assets in infrastructure-related equities—including utilities, pipelines, toll roads, airports, railroads, ports, and telecommunications companies—with at least 30–40% allocated to companies outside the manager's home market. ### What is the expense ratio of GLFOX? Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) charges an expense ratio of 1.21%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GLFOX? Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) is one share class of a fund that manages $11.59B across all of its share classes (GLIFX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GLFOX actively managed or an index fund? GLFOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (GLFOX's is 1.21%) in exchange for the discretion to over- or under-weight positions. ### When was GLFOX launched? Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) launched in January 2010 and is managed by Lazard. ### How has GLFOX performed? GLFOX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GLFOX pay a dividend? Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) currently distributes little or no income. Trailing-twelve-month yield is 3.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GLFOX pay dividends? Lazard Global Listed Infrastructure Portfolio Open Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GLFOX's dividend yield? GLFOX's trailing-twelve-month yield is 3.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is GLFOX's next ex-dividend date? The most recently announced ex-dividend date for GLFOX was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will GLFOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GLFOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GLFOX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GLFOX cost more than a fund like VOO? GLFOX is actively managed (current expense ratio 1.21%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GLFOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GLFOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GLFOX (1.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/glfox - Distribution history: https://www.dividenddata.com/funds/glfox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/glfox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/glfox/expenses - Peer comparison: https://www.dividenddata.com/funds/glfox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.