Lazard Emerging Markets Equity Advantage Portfolio Open Shares

Frequently Asked Questions About LEAOX

What does LEAOX invest in?

The fund typically allocates a minimum of 80% of its capital to the equity shares of companies with significant economic ties to developing nations. Its core investments are primarily in equity instruments, predominantly common stocks, issued by firms based in emerging markets. The Investment Manager employs a rigorous, quantitatively-driven, bottom-up methodology when selecting these securities for the portfolio.

What is the expense ratio of LEAOX?

Lazard Emerging Markets Equity Advantage Portfolio Open Shares (LEAOX) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LEAOX?

Lazard Emerging Markets Equity Advantage Portfolio Open Shares (LEAOX) manages $406.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is LEAOX actively managed or an index fund?

LEAOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LEAOX's is 1.15%) in exchange for the discretion to over- or under-weight positions.

When was LEAOX launched?

Lazard Emerging Markets Equity Advantage Portfolio Open Shares (LEAOX) launched in May 2015 and is managed by Lazard.

How has LEAOX performed?

LEAOX'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.