Lazard Global Small Cap Equity Portfolio;Open

Frequently Asked Questions About LZSMX

What does LZSMX invest in?

The fund predominantly invests in the common stock of relatively small, non-U.S. companies. The Investment Manager identifies these businesses as undervalued by analyzing their earnings, cash flow, or underlying asset values. For the purpose of this portfolio, a "small non-U.S. company" is defined as one whose market capitalization, at the time of its initial acquisition, is between $300 million and $5 billion, or falls within the typical range of companies comprising the MSCI EAFE Small Cap Index.

What is the expense ratio of LZSMX?

Lazard Global Small Cap Equity Portfolio;Open (LZSMX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LZSMX?

Lazard Global Small Cap Equity Portfolio;Open (LZSMX) manages $64.1M 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 LZSMX actively managed or an index fund?

LZSMX 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 (LZSMX's is 1.28%) because there's no security selection cost.

When was LZSMX launched?

Lazard Global Small Cap Equity Portfolio;Open (LZSMX) launched in February 1997 and is managed by Lazard.

How has LZSMX performed?

LZSMX'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.