Lazard Emerging Markets Core Equity Portfolio (ECEIX)
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of companies that are economically tied to emerging market countries. In managing the Portfolio, the Investment Manager utilizes a flexible, core investment approach and engages in bottom-up, fundamental security analysis and selection. The Investment Manager may consider a security's growth or value potential in managing the Portfolio.
Fund Info
| ISIN | US52106N2514 |
|---|---|
| CUSIP | 52106N251 |
| Issuer | Lazard |
| Inception Date | Oct 30, 2013 |
| Category | Emerging Markets Diversified |
| Min. Investment | $10,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ECEIX has a high expense ratio of 1.22%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lazard Emerging Markets Core Equity Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lazard Emerging Markets Core Equity Portfolio had a return of 8.53% year-to-date (YTD) and 14.54% in the last 12 months. Over the past 10 years, Lazard Emerging Markets Core Equity Portfolio had an annualized return of 1.32%, while the S&P 500 had an annualized return of 10.85%, indicating that Lazard Emerging Markets Core Equity Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.53% | 17.79% |
| 1 month | -2.30% | 0.18% |
| 6 months | 5.00% | 7.53% |
| 1 year | 14.54% | 26.42% |
| 5 years (annualized) | 1.11% | 13.48% |
| 10 years (annualized) | 1.32% | 10.85% |
Monthly Returns
The table below presents the monthly returns of ECEIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.47% | 4.65% | 2.72% | -0.20% | 1.77% | 3.38% | -0.56% | 1.10% | 8.53% | ||||
| 2023 | 10.49% | -6.33% | 4.25% | -1.25% | -1.69% | 4.31% | 5.16% | -6.88% | -2.95% | -2.50% | 6.91% | 3.78% | 12.31% |
| 2022 | -1.04% | -6.56% | -2.43% | -6.81% | 1.23% | -7.93% | 2.10% | -0.62% | -11.53% | 0.74% | 14.65% | -3.54% | -21.63% |
| 2021 | 2.52% | 1.64% | -2.19% | 0.60% | 1.19% | -0.22% | -6.55% | -0.14% | -4.98% | 1.58% | -5.40% | 0.68% | -11.21% |
| 2020 | -5.60% | -4.94% | -19.38% | 7.97% | 2.28% | 6.58% | 9.26% | 1.89% | -1.70% | 1.82% | 9.75% | 7.52% | 11.97% |
| 2019 | 10.01% | -0.37% | 1.11% | 2.28% | -6.96% | 6.52% | -1.44% | -4.93% | 2.88% | 3.64% | 0.45% | 7.85% | 21.59% |
| 2018 | 7.48% | -4.92% | -1.35% | -2.58% | -3.89% | -2.93% | 2.48% | -4.23% | -1.17% | -7.96% | 3.98% | -3.75% | -18.13% |
| 2017 | 6.46% | 1.59% | 3.67% | 2.83% | 2.55% | 1.53% | 6.42% | 2.68% | 1.12% | 2.48% | 0.42% | 2.83% | 40.35% |
| 2016 | -5.93% | -2.72% | 9.02% | -0.47% | -1.29% | 4.03% | 3.08% | 2.54% | 1.83% | -1.59% | -4.95% | 0.77% | 3.46% |
| 2015 | 0.41% | 2.80% | -0.30% | 5.35% | 0.10% | -3.16% | -5.64% | -8.70% | -1.84% | 7.13% | -2.95% | -3.00% | -10.36% |
| 2014 | -7.43% | 4.95% | 2.09% | -0.00% | 3.59% | 3.86% | -0.48% | 3.16% | -6.41% | 2.08% | -0.87% | -4.82% | -1.24% |
| 2013 | -0.60% | -1.11% | -1.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ECEIX is 12, indicating that it is in the bottom 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lazard Emerging Markets Core Equity Portfolio (ECEIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard Emerging Markets Core Equity Portfolio granted a 1.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.17 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.15 | $0.19 | $0.09 | $0.08 | $0.23 | $0.18 | $0.09 | $0.07 | $0.02 | $0.09 |
Dividend yield | 1.56% | 1.50% | 2.15% | 0.77% | 0.60% | 1.98% | 1.80% | 0.74% | 0.76% | 0.27% | 0.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Emerging Markets Core Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.14 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.08 | $0.09 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2014 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lazard Emerging Markets Core Equity Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lazard Emerging Markets Core Equity Portfolio was 44.96%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Lazard Emerging Markets Core Equity Portfolio drawdown is 24.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.96% | Feb 17, 2021 | 420 | Oct 14, 2022 | — | — | — |
| -40.65% | Jan 29, 2018 | 541 | Mar 23, 2020 | 180 | Dec 7, 2020 | 721 |
| -30.12% | Sep 8, 2014 | 361 | Feb 11, 2016 | 354 | Jul 10, 2017 | 715 |
| -9.9% | Nov 4, 2013 | 64 | Feb 5, 2014 | 66 | May 12, 2014 | 130 |
| -6.14% | Jan 26, 2021 | 4 | Jan 29, 2021 | 6 | Feb 8, 2021 | 10 |
Volatility
Volatility Chart
The current Lazard Emerging Markets Core Equity Portfolio volatility is 3.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.