# Lazard International Equity Select Open Shs (LZESX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lzesx 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: Passive Index · Inception: 2001-05-31 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... ## Key Facts | Metric | Value | |---|---| | Price | $14.42 | | Expense Ratio | 1.15% | | Assets Under Management | $54.8M | | NAV | $14.42 | | Holdings Count | — | | Distribution Yield (TTM) | 2.19% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $12.44 – $15.17 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.0364 /share - Ex-date: 2026-08-14 - Pay date: 2026-08-17 ## Frequently Asked Questions ### 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 $54.8M 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. ### Does LZESX pay a dividend? Lazard International Equity Select Open Shs (LZESX) currently distributes little or no income. Trailing-twelve-month yield is 2.19%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LZESX pay dividends? Lazard International Equity Select Open Shs pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LZESX's dividend yield? LZESX's trailing-twelve-month yield is 2.19%, calculated from the sum of dividends over the past year divided by the current price. ### When is LZESX's next ex-dividend date? The most recently announced ex-dividend date for LZESX was 2026-08-14. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will LZESX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.15% 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 LZESX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LZESX'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 LZESX cost more than a fund like VOO? LZESX is a passive index fund (current expense ratio 1.15%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to LZESX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LZESX (1.15%) 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/lzesx - Distribution history: https://www.dividenddata.com/funds/lzesx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lzesx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lzesx/expenses - Peer comparison: https://www.dividenddata.com/funds/lzesx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.