- Issuer
- Lazard
- Inception Date
- Apr 28, 2004
- Category
- Global Allocation
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LGI Performance Chart
Lazard Global Total Return and Income Fund (LGI) is up 9.3% since the beginning of the year. LGI is currently trading at $18 per share. Investors who bought $1,000 worth of LGI shares 5 years ago would now be looking at an investment worth $1,410.
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Returns By Period
Lazard Global Total Return and Income Fund (LGI) has returned 9.26% so far this year and 24.58% over the past 12 months. Over the last ten years, LGI has had an annualized return of 13.71%, just under the S&P 500 Index benchmark’s 13.88%.
Lazard Global Total Return and Income Fund
- 1D
- -0.11%
- 1M
- 1.42%
- YTD
- 9.26%
- 6M
- 7.96%
- 1Y
- 24.58%
- 3Y*
- 16.18%
- 5Y*
- 7.12%
- 10Y*
- 13.71%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LGI Monthly Returns History
Based on dividend-adjusted daily data since May 6, 2004, LGI's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.8%, while the worst month was Nov 2008 at -17.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LGI closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +21.3%, while the worst single day was Mar 18, 2020 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.73% | 7.75% | -16.95% | 10.70% | 4.86% | -0.52% | 9.26% | ||||||
| 2025 | 5.60% | -1.05% | -5.18% | -0.18% | 7.31% | 4.70% | 1.59% | 6.11% | -2.00% | 1.95% | 0.27% | 1.13% | 21.36% |
| 2024 | 0.82% | 3.68% | 3.96% | -4.21% | 5.89% | 2.53% | 2.43% | 2.59% | 6.15% | -6.93% | 0.70% | -3.51% | 14.00% |
| 2023 | 10.18% | -3.87% | 1.33% | -1.80% | -3.45% | 8.72% | 1.13% | -4.13% | -6.82% | -5.58% | 13.03% | 5.82% | 12.89% |
| 2022 | -2.21% | -5.33% | -2.36% | -8.75% | 0.24% | -3.61% | 10.82% | -3.98% | -15.69% | 7.73% | 8.14% | -4.64% | -20.57% |
| 2021 | -0.29% | 5.53% | 4.54% | 6.71% | 1.21% | 1.88% | 1.43% | 4.48% | -7.64% | 3.20% | -1.49% | 4.02% | 25.28% |
Benchmark Metrics
Lazard Global Total Return and Income Fund has an annualized alpha of 1.24%, beta of 0.87, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since May 06, 2004.
- This fund participated in 114.28% of S&P 500 Index downside but only 111.99% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.60, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.24%
- Beta
- 0.87
- R²
- 0.60
- Upside Capture
- 111.99%
- Downside Capture
- 114.28%
Expense Ratio
LGI has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
LGI ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard Global Total Return and Income Fund (LGI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LGI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.78 | -1.62 |
| Martin ratioReturn relative to average drawdown | 4.15 | 12.44 | -8.29 |
Dividends
Dividend History
Lazard Global Total Return and Income Fund provided a 9.95% dividend yield over the last twelve months, with an annual payout of $1.80 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $1.76 | $1.47 | $1.12 | $1.50 | $1.97 | $1.28 | $1.07 | $2.71 | $0.98 | $0.95 | $1.11 |
Dividend yield | 9.95% | 10.08% | 9.19% | 7.32% | 10.22% | 9.77% | 7.17% | 6.44% | 19.88% | 5.46% | 6.94% | 8.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Global Total Return and Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.92 | ||||||
| 2025 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.76 |
| 2024 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.47 |
| 2023 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.12 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.50 |
| 2021 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.71 | $1.97 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Lazard Global Total Return and Income Fund. 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 Global Total Return and Income Fund was 63.34%, occurring on Mar 9, 2009. Recovery took 964 trading sessions.
The current Lazard Global Total Return and Income Fund drawdown is 5.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.34%Mar 2009 | 1y 2mo | 3y 10mo | 5y 4dJan 2008 - Jan 2013 |
COVID crash2020 | -42.94%Mar 2020 | 27d | 6mo 1d | 6mo 28dFeb 2020 - Sep 2020 |
2016 bear market2016 | -34.81%Feb 2016 | 1y 7mo | 1y 2mo | 2y 9moJul 2014 - Apr 2017 |
Bear market2022 | -32.84%Sep 2022 | 1y 20d | 1y 10mo | 2y 11moSep 2021 - Aug 2024 |
Rate-hike selloffLate 2018 | -24.69%Dec 2018 | 9mo 6d | 6mo 2d | 1y 3moMar 2018 - Jun 2019 |
Drawdown Indicators
| LGI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.34% | -56.78% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.25% | -9.10% | -12.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -18.90% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -25.43% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.94% | -33.92% | -9.02% |
Current DrawdownCurrent decline from peak | -5.59% | -1.80% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -10.71% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.94% | 2.03% | +3.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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