Lazard International Equity Select Open Shs

Frequently Asked Questions About LZESX

What does LZESX invest in?

The Lazard International Equity Select fund predominantly allocates its capital to the common stock of substantial, non-U.S. corporations. These firms generally fall within the market capitalization range represented by constituents of the MSCI All Country World Index ex-US. The Investment Manager strategically seeks out these international companies when they are deemed undervalued, assessing their worth based on indicators such as earnings, cash flow, or the value of their assets. Under typical market conditions, the portfolio is committed to investing at least 80% of its total assets in equity securities.

What is the expense ratio of LZESX?

Lazard International Equity Select Open Shs (LZESX) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LZESX?

Lazard International Equity Select Open Shs (LZESX) manages $55.1M 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 LZESX actively managed or an index fund?

LZESX 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 (LZESX's is 1.15%) because there's no security selection cost.

When was LZESX launched?

Lazard International Equity Select Open Shs (LZESX) launched in May 2001 and is managed by Lazard.

How has LZESX performed?

LZESX'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.