- ISIN
- US52107V2869
- CUSIP
- 52107V286
- Issuer
- Lazard
- Inception Date
- Sep 29, 2017
- Category
- Large Cap Value Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
LZFIX Performance Chart
Lazard Equity Franchise Portfolio (LZFIX) is down 8.1% since the beginning of the year. LZFIX is currently trading at $7 per share. Investors who bought $1,000 worth of LZFIX shares 5 years ago would now be looking at an investment worth $1,103.
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Returns By Period
Lazard Equity Franchise Portfolio (LZFIX) has returned -8.06% so far this year and -14.55% over the past 12 months.
Lazard Equity Franchise Portfolio
- 1D
- -0.15%
- 1M
- -2.93%
- YTD
- -8.06%
- 6M
- -7.67%
- 1Y
- -14.55%
- 3Y*
- -0.84%
- 5Y*
- 1.98%
- 10Y*
- —
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%
LZFIX Monthly Returns History
Based on dividend-adjusted daily data since May 14, 2019, LZFIX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -22.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, LZFIX closed higher 49% of trading days. The best single day was Dec 20, 2024 with a return of +14.3%, while the worst single day was Dec 23, 2024 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.81% | 1.27% | -7.54% | 4.83% | -1.01% | -3.64% | -8.06% | ||||||
| 2025 | 3.96% | 2.42% | 0.45% | 2.58% | 3.61% | 2.32% | -5.68% | 4.18% | -2.55% | -3.87% | -4.62% | 1.92% | 4.09% |
| 2024 | -1.82% | 1.96% | 1.01% | -5.40% | 1.80% | -1.87% | 7.83% | 2.85% | 1.91% | -4.78% | 0.79% | -6.50% | -3.09% |
| 2023 | 9.71% | -2.11% | 0.62% | 3.17% | -4.16% | 6.30% | 2.24% | -2.38% | -4.67% | -5.21% | 9.16% | 6.28% | 18.84% |
| 2022 | -1.48% | 1.98% | 4.43% | -4.60% | 2.32% | -9.42% | 3.80% | -3.26% | -10.15% | 9.15% | 7.56% | -3.60% | -5.29% |
| 2021 | -0.29% | 1.97% | 6.38% | 4.55% | 5.74% | -2.22% | -0.25% | 0.93% | -2.01% | 1.71% | -2.69% | 7.65% | 22.88% |
Benchmark Metrics
Lazard Equity Franchise Portfolio has an annualized alpha of -5.30%, beta of 0.80, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 14, 2019.
- This fund participated in 101.95% of S&P 500 Index downside but only 68.08% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -5.30% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -5.30%
- Beta
- 0.80
- R²
- 0.57
- Upside Capture
- 68.08%
- Downside Capture
- 101.95%
Expense Ratio
LZFIX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LZFIX ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) 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.
| LZFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.78 | -3.46 |
| Martin ratioReturn relative to average drawdown | -1.16 | 12.44 | -13.60 |
Dividends
Dividend History
Lazard Equity Franchise Portfolio provided a 22.70% dividend yield over the last twelve months, with an annual payout of $1.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.50 | $1.50 | $1.25 | $0.86 | $1.16 | $1.68 | $0.11 | $0.59 |
Dividend yield | 22.70% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Equity Franchise 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $1.00 | $1.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $1.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.86 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.95 | $1.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $1.64 | $1.68 |
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 Equity Franchise 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 Equity Franchise Portfolio was 41.91%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Lazard Equity Franchise Portfolio drawdown is 19.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.91%Mar 2020 | 2mo 6d | 9mo 19d | 11mo 25dJan 2020 - Jan 2021 |
Bear market2022 | -21.69%Oct 2022 | 5mo 24d | 8mo 6d | 1y 1moApr 2022 - Jun 2023 |
2026 bear market2026 | -21.51%Mar 2026 | 8mo 23d | — | 11mo 21dJul 2025 - now |
2025 correction2025 | -14.38%Jan 2025 | 18d | 4mo 2d | 4mo 20dDec 2024 - May 2025 |
2023 correction2023 | -13.80%Oct 2023 | 3mo 9d | 1mo 25d | 5mo 4dJul 2023 - Dec 2023 |
Drawdown Indicators
| LZFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -56.78% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -9.10% | -12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -18.90% | -2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -25.43% | +3.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -19.06% | -1.80% | -17.26% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -10.71% | +3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 2.03% | +10.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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