# Lazard Emerging Markets Equity Portfolio (LZOEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lzoex 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: 1997-01-07 The Lazard Emerging Markets Equity Portfolio primarily allocates its capital to equity holdings, specifically common shares, of businesses operating predominantly in developing economies outside the U.S. The Investment Manager targets companies believed to be trading below their intrinsic worth, a determination made through analysis of their profitability, cash generation, or underlying asset values. Typically, at least 80% of the fund's assets are dedicated to equity securities of companies with substantial operations in emerging market countries during normal market conditions. ## Key Facts | Metric | Value | |---|---| | Price | $31.77 | | Expense Ratio | 1.32% | | Assets Under Management | $19.61B | | NAV | $31.77 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 1.49% | | Annual Distribution (TTM) | $0.47 /share | | Distribution Frequency | Irregular | | 52-Week Range | $24.83 – $33.97 | | Beta | 0.91 | ## Latest Distribution - Amount: $0.0284 /share - Ex-date: 2026-08-14 - Pay date: 2026-08-17 ## Frequently Asked Questions ### What does LZOEX invest in? The Lazard Emerging Markets Equity Portfolio primarily allocates its capital to equity holdings, specifically common shares, of businesses operating predominantly in developing economies outside the U.S. The Investment Manager targets companies believed to be trading below their intrinsic worth, a determination made through analysis of their profitability, cash generation, or underlying asset values. Typically, at least 80% of the fund's assets are dedicated to equity securities of companies with substantial operations in emerging market countries during normal market conditions. ### What is the expense ratio of LZOEX? Lazard Emerging Markets Equity Portfolio (LZOEX) charges an expense ratio of 1.32%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LZOEX? Lazard Emerging Markets Equity Portfolio (LZOEX) manages $19.61B 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 LZOEX actively managed or an index fund? LZOEX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LZOEX's is 1.32%) in exchange for the discretion to over- or under-weight positions. ### When was LZOEX launched? Lazard Emerging Markets Equity Portfolio (LZOEX) launched in January 1997 and is managed by Lazard. ### How has LZOEX performed? LZOEX'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 LZOEX pay a dividend? Lazard Emerging Markets Equity Portfolio (LZOEX) currently distributes little or no income. Trailing-twelve-month yield is 1.49%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LZOEX pay dividends? Lazard Emerging Markets Equity Portfolio pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LZOEX's dividend yield? LZOEX's trailing-twelve-month yield is 1.49%, calculated from the sum of dividends over the past year divided by the current price. ### When is LZOEX's next ex-dividend date? The most recently announced ex-dividend date for LZOEX was 2026-08-14. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will LZOEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.32% 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 LZOEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LZOEX'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 LZOEX cost more than a fund like VOO? LZOEX is actively managed (current expense ratio 1.32%). 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 LZOEX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LZOEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LZOEX (1.32%) 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/lzoex - Distribution history: https://www.dividenddata.com/funds/lzoex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lzoex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lzoex/expenses - Peer comparison: https://www.dividenddata.com/funds/lzoex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.