- What does LISIX invest in?
- The fund primarily invests in shares of international companies, predominantly common stocks, whose main operations are located in countries comprising the MSCI EAFE Index. The Investment Manager selects these firms based on their assessment of undervaluation, considering factors like earnings, cash flow, or asset values. Up to 15% of the portfolio may be allocated to companies conducting their principal business activities in emerging markets. Typically, a minimum of 80% of the fund's total assets will be committed to equity investments.
- What is the expense ratio of LISIX?
- Lazard International Strategic Equity Portfolio Institutional Shares (LISIX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is LISIX?
- Lazard International Strategic Equity Portfolio Institutional Shares (LISIX) manages $1.54B 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 LISIX actively managed or an index fund?
- LISIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (LISIX's is 0.82%) because there's no security selection cost.
- When was LISIX launched?
- Lazard International Strategic Equity Portfolio Institutional Shares (LISIX) launched in October 2005 and is managed by the fund issuer.
- How has LISIX performed?
- LISIX'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.
