Lazard Equity Franchise Portfolio Open Shares

Frequently Asked Questions About LZFOX

What does LZFOX invest in?

The Portfolio primarily invests in equity instruments, notably common stocks, issued by companies based in the United States and abroad, including those within emerging market economies. It strategically targets businesses that the Investment Manager determines possess a powerful "economic franchise," characterized by a demonstrated history of achieving unleveraged returns at or above their cost of capital for extended periods. These investments typically involve securities listed on a national or other officially recognized exchange. The Portfolio is permitted to invest in companies of any market capitalization and is classified as non-diversified.

What is the expense ratio of LZFOX?

Lazard Equity Franchise Portfolio Open Shares (LZFOX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LZFOX?

Lazard Equity Franchise Portfolio Open Shares (LZFOX) manages $39.1M 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 LZFOX actively managed or an index fund?

LZFOX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was LZFOX launched?

Lazard Equity Franchise Portfolio Open Shares (LZFOX) launched in October 2017 and is managed by the fund issuer.

How has LZFOX performed?

LZFOX'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.