- 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 International Small Cap Equity Portfolio Open Shares (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 International Small Cap Equity Portfolio Open Shares (LZSMX) manages $73.6M 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 International Small Cap Equity Portfolio Open Shares (LZSMX) launched in February 1997 and is managed by the fund issuer.
- 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.
