Lazard Global Total Return and Income Fund, Inc.

Frequently Asked Questions About LGI

What does LGI invest in?

Managed by Lazard Asset Management LLC, the Lazard Global Total Return and Income Fund, Inc. operates as a closed-end, balanced mutual fund. Its investment mandate spans public equity and fixed income securities across global markets. A significant portion of its equity holdings consists of shares from large-capitalization companies, specifically those exceeding a $5 billion market value. For its fixed income allocation, the fund targets short-duration market forward currency contracts and various other market-based debt instruments. Portfolio construction relies on a combination of its global equity and emerging income strategies, employing fundamental analysis and a bottom-up stock-picking methodology. In evaluating individual securities, the management team assesses numerous criteria, including a company's financial health, cash flow generation, balance sheet robustness, return consistency, management caliber, competitive standing, susceptibility to economic and market fluctuations, profit margins, sales trajectories, brand recognition, geographic exposure, and the broader macroeconomic climate. Its portfolio performance is measured against the MSCI World Index. Established on January 27, 2004, the Lazard Global Total Return and Income Fund, Inc. is based in the United States.

What is the expense ratio of LGI?

Lazard Global Total Return and Income Fund, Inc. (LGI) charges an expense ratio of 2.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is LGI's dividend yield?

LGI's trailing-twelve-month yield is 11.11%, calculated from the sum of dividends over the past year divided by the current price.

How big is LGI?

Lazard Global Total Return and Income Fund, Inc. (LGI) has a market value of $213.5M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is LGI actively managed or an index fund?

LGI is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LGI's is 2.00%) in exchange for the discretion to over- or under-weight positions.

When was LGI launched?

Lazard Global Total Return and Income Fund, Inc. (LGI) launched in April 2004 and is managed by Lazard.