Lazard Global Strategic Equity Portfolio (LSTIX)
The Portfolio invests primarily in equity securities, principally common stocks, of companies that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. Under normal circumstances, it invests at least 80% of its assets in equity securities. The Portfolio invests significantly (at least 40%-unless market conditions are not deemed favorable by the Investment Manager, in which case the Portfolio would invest at least 30%) in non-U.S. companies.
Fund Info
| ISIN | US52107V5599 |
|---|---|
| CUSIP | 52107V559 |
| Issuer | Lazard |
| Inception Date | Aug 28, 2014 |
| Category | Global Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
LSTIX has a high expense ratio of 0.93%, 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 Global Strategic 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 25.23% |
| 1 month | N/A | 3.86% |
| 6 months | N/A | 14.56% |
| 1 year | N/A | 36.29% |
| 5 years (annualized) | N/A | 14.10% |
| 10 years (annualized) | N/A | 11.37% |
Monthly Returns
The table below presents the monthly returns of LSTIX, 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 | -0.64% | 5.38% | 2.13% | -3.12% | 3.60% | ||||||||
| 2023 | 6.35% | -4.33% | 3.35% | 0.09% | -1.14% | 4.51% | 1.95% | -2.32% | -4.76% | -3.66% | 10.83% | 5.13% | 15.77% |
| 2022 | -7.86% | -3.70% | 2.00% | -7.70% | -0.35% | -6.95% | 7.85% | -5.90% | -9.25% | 6.76% | 9.65% | -3.02% | -19.01% |
| 2021 | -1.48% | 1.59% | 1.98% | 5.01% | 1.62% | 1.36% | 1.27% | 3.36% | -5.66% | 5.62% | -2.73% | 3.75% | 16.19% |
| 2020 | 0.97% | -7.69% | -12.50% | 9.52% | 5.43% | 3.09% | 5.00% | 11.51% | -2.26% | -1.85% | 10.85% | 5.90% | 28.00% |
| 2019 | 7.32% | 4.55% | 1.63% | 3.21% | -4.66% | 5.98% | 1.03% | -0.99% | 0.51% | 1.03% | 3.05% | 3.82% | 29.20% |
| 2018 | 5.19% | -3.29% | -1.28% | -0.43% | 1.30% | -1.28% | 3.03% | 0.11% | 0.51% | -8.72% | 2.81% | -6.65% | -9.17% |
| 2017 | 2.50% | 2.03% | 0.80% | 2.47% | 3.38% | 0.19% | 2.33% | 0.27% | 1.82% | 2.23% | 1.66% | -79.82% | -75.49% |
| 2016 | -4.86% | -1.85% | 6.64% | -0.52% | 1.77% | -1.54% | 3.44% | -0.70% | 1.42% | -3.80% | -0.62% | 0.99% | -0.15% |
| 2015 | -1.31% | 4.38% | -0.98% | 0.39% | -0.29% | -2.27% | 2.82% | -5.29% | -3.11% | 7.16% | -1.30% | -1.45% | -1.85% |
| 2014 | -2.90% | 3.40% | 1.20% | -1.93% | -0.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LSTIX is 36, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lazard Global Strategic Equity Portfolio (LSTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard Global Strategic Equity Portfolio provided a 0.57% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.07 | $0.05 | $0.06 | $0.58 | $0.38 | $0.29 | $2.52 | $48.00 | $0.33 | $0.42 | $0.12 |
Dividend yield | 0.57% | 0.42% | 0.52% | 4.27% | 3.11% | 2.80% | 30.72% | 415.56% | 0.68% | 0.88% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Global Strategic 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 | $0.02 | $0.00 | $0.02 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.04 | $0.06 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.52 | $0.58 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.32 | $0.38 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.24 | $0.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.18 | $0.00 | $0.00 | $0.00 | $0.34 | $2.52 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $48.00 | $48.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.33 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2014 | $0.12 | $0.12 |
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 Global Strategic 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 Global Strategic Equity Portfolio was 83.65%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.65% | Dec 27, 2017 | 562 | Mar 23, 2020 | — | — | — |
| -16.24% | May 20, 2015 | 185 | Feb 11, 2016 | 301 | Apr 24, 2017 | 486 |
| -8.07% | Sep 8, 2014 | 28 | Oct 15, 2014 | 12 | Oct 31, 2014 | 40 |
| -5.01% | Nov 28, 2014 | 13 | Dec 16, 2014 | 40 | Feb 13, 2015 | 53 |
| -3.88% | Feb 26, 2015 | 9 | Mar 10, 2015 | 8 | Mar 20, 2015 | 17 |
Volatility
Volatility Chart
The current Lazard Global Strategic Equity Portfolio volatility is 3.32%, 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.