# Lazard International Equity Portfolio - Open Shares (LZIOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lziox 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: Actively Managed · Inception: 1997-01-22 This portfolio primarily invests in shares of significant companies located outside the United States, typically those with market valuations aligning with the constituents of the MSCI Europe, Australasia, and Far East (EAFE) Index. At least 80% of its total assets are committed to equity holdings. The fund manager focuses on well-established enterprises operating in developed economies, but also has the flexibility to allocate up to 15% of its capital to securities of firms primarily conducting business in emerging market nations. ## Key Facts | Metric | Value | |---|---| | Price | $20.54 | | Expense Ratio | 1.08% | | Assets Under Management | $3.37B | | NAV | $20.54 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 12.66% | | Annual Distribution (TTM) | $2.60 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $18.65 – $21.87 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.4950 /share - Ex-date: 2026-08-14 - Pay date: 2026-08-17 ## Frequently Asked Questions ### What does LZIOX invest in? This portfolio primarily invests in shares of significant companies located outside the United States, typically those with market valuations aligning with the constituents of the MSCI Europe, Australasia, and Far East (EAFE) Index. At least 80% of its total assets are committed to equity holdings. The fund manager focuses on well-established enterprises operating in developed economies, but also has the flexibility to allocate up to 15% of its capital to securities of firms primarily conducting business in emerging market nations. ### What is the expense ratio of LZIOX? Lazard International Equity Portfolio - Open Shares (LZIOX) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LZIOX? Lazard International Equity Portfolio - Open Shares (LZIOX) manages $3.37B 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 LZIOX actively managed or an index fund? LZIOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LZIOX's is 1.08%) in exchange for the discretion to over- or under-weight positions. ### When was LZIOX launched? Lazard International Equity Portfolio - Open Shares (LZIOX) launched in January 1997 and is managed by Lazard. ### How has LZIOX performed? LZIOX'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 LZIOX pay a dividend? Lazard International Equity Portfolio - Open Shares (LZIOX) currently distributes little or no income. Trailing-twelve-month yield is 12.66%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LZIOX pay dividends? Lazard International Equity Portfolio - Open Shares 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 LZIOX's dividend yield? LZIOX's trailing-twelve-month yield is 12.66%, calculated from the sum of dividends over the past year divided by the current price. ### When is LZIOX's next ex-dividend date? The most recently announced ex-dividend date for LZIOX 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 LZIOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.08% 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 LZIOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LZIOX'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 LZIOX cost more than a fund like VOO? LZIOX is actively managed (current expense ratio 1.08%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LZIOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LZIOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LZIOX (1.08%) 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/lziox - Distribution history: https://www.dividenddata.com/funds/lziox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lziox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lziox/expenses - Peer comparison: https://www.dividenddata.com/funds/lziox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.