Lazard Developing Markets Equity Portfolio (LDMIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Lazard Developing Markets 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.

Lazard Developing Markets Equity Portfolio (LDMIX) has returned -0.00% so far this year and 32.78% over the past 12 months. Over the last ten years, LDMIX has returned 7.42% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 1, 2008, LDMIX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 54% of months were positive and 46% were negative. The best month was May 2009 with a return of +24.7%, while the worst month was Oct 2008 at -29.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, LDMIX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.9%, while the worst single day was Mar 16, 2020 at -12.0%.

Lazard Developing Markets Equity Portfolio has an annualized alpha of -2.87%, beta of 0.92, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since October 02, 2008.

• This fund participated in 112.83% of S&P 500 Index downside but only 92.44% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.87% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 0.92 and R² of 0.63, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

LDMIX has a high expense ratio of 1.15%, indicating above-average management fees.

LDMIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Lazard Developing Markets Equity Portfolio (LDMIX) and compare them to a chosen benchmark (S&P 500 Index).

Lazard Developing Markets Equity Portfolio provided a 1.17% dividend yield over the last twelve months, with an annual payout of $0.21 per share.

The table displays the monthly dividend distributions for Lazard Developing Markets Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Lazard Developing Markets 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 Developing Markets Equity Portfolio was 51.12%, occurring on Nov 20, 2008. Recovery took 130 trading sessions.

The current Lazard Developing Markets Equity Portfolio drawdown is 13.14%.

The chart below shows the rolling one-month volatility.