Lazard Equity Franchise Portfolio (LZFIX)
The Portfolio invests primarily in equity securities, principally common stocks, of U.S. and non-U.S. companies, including those in emerging markets. It normally invests in equity securities listed on a national or other recognized securities exchange of companies that the Investment Manager considers to have an "economic franchise," meaning companies that have historically shown an ability to generate unleveraged returns, at or above their cost of capital, for long periods of time. The Portfolio may invest in the equity securities of any size company. It is non-diversified.
Fund Info
| ISIN | US52107V2869 |
|---|---|
| CUSIP | 52107V286 |
| Issuer | Lazard |
| Inception Date | Sep 29, 2017 |
| Category | Large Cap Value Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
LZFIX has a high expense ratio of 0.99%, 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 Equity Franchise 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 Equity Franchise Portfolio had a return of 4.85% year-to-date (YTD) and 11.26% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.85% | 24.30% |
| 1 month | 0.39% | 4.09% |
| 6 months | 8.25% | 14.29% |
| 1 year | 11.26% | 35.42% |
| 5 years (annualized) | 0.75% | 13.95% |
| 10 years (annualized) | N/A | 11.33% |
Monthly Returns
The table below presents the monthly returns of LZFIX, 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 | -1.82% | 1.96% | 1.01% | -5.40% | 1.80% | -1.87% | 7.83% | 2.85% | 1.91% | -4.78% | 4.85% | ||
| 2023 | 9.71% | -2.11% | 0.62% | 3.17% | -4.16% | 6.30% | 2.24% | -2.38% | -4.67% | -5.21% | 9.16% | -0.07% | 11.74% |
| 2022 | -1.48% | 1.98% | 4.43% | -4.60% | 2.32% | -9.42% | 3.80% | -5.10% | -10.15% | 9.15% | 7.56% | -11.91% | -15.09% |
| 2021 | -0.29% | 1.97% | 6.38% | 4.55% | 5.74% | -2.22% | -0.25% | 0.61% | -2.01% | 1.71% | -2.69% | -5.65% | 7.36% |
| 2020 | -3.74% | -10.93% | -22.25% | 13.42% | 4.29% | 0.25% | 4.48% | 2.02% | -1.63% | -0.95% | 18.08% | 3.83% | 0.66% |
| 2019 | 8.15% | 2.30% | -3.07% | 7.81% | -8.22% | 6.40% | 0.00% | -4.81% | 6.32% | 1.98% | 2.14% | -1.97% | 16.66% |
| 2018 | 5.88% | -5.10% | -1.82% | 4.10% | -0.75% | -0.47% | 1.99% | 0.49% | 1.11% | -3.02% | 2.55% | -16.78% | -13.00% |
| 2017 | -0.50% | 4.42% | 0.16% | 4.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LZFIX is 6, indicating that it is in the bottom 6% 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 Equity Franchise Portfolio (LZFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard Equity Franchise Portfolio provided a 2.34% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.10 | $0.16 | $0.07 | $0.15 | $0.21 | $0.03 |
Dividend yield | 2.34% | 2.46% | 1.13% | 1.44% | 0.65% | 1.46% | 2.35% | 0.26% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.16 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2017 | $0.03 | $0.03 |
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 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 43.52%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.
The current Lazard Equity Franchise Portfolio drawdown is 11.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.52% | Jan 29, 2018 | 541 | Mar 23, 2020 | 223 | Feb 9, 2021 | 764 |
| -27.35% | Jun 14, 2021 | 337 | Oct 12, 2022 | — | — | — |
| -3.36% | Feb 16, 2021 | 9 | Feb 26, 2021 | 6 | Mar 8, 2021 | 15 |
| -3.31% | Mar 16, 2021 | 7 | Mar 24, 2021 | 7 | Apr 5, 2021 | 14 |
| -1.5% | May 10, 2021 | 3 | May 12, 2021 | 2 | May 14, 2021 | 5 |
Volatility
Volatility Chart
The current Lazard Equity Franchise Portfolio volatility is 2.86%, 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.