Lazard International Equity Portfolio (LZIEX)

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The chart shows the growth of an initial investment of $10,000 in Lazard International 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 International Equity Portfolio (LZIEX) has returned -2.03% so far this year and 20.81% over the past 12 months. Over the last ten years, LZIEX has returned 7.05% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 29, 1991, LZIEX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, your investment would double in approximately 9.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Oct 2008 at -16.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, LZIEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.6%, while the worst single day was Mar 12, 2020 at -10.7%.

Lazard International Equity Portfolio has an annualized alpha of 1.16%, beta of 0.65, and R² of 0.49 versus S&P 500 Index. Calculated based on daily prices since October 30, 1991.

• This fund participated in 88.41% of S&P 500 Index downside but only 79.34% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.65 may look defensive, but with R² of 0.49 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.49 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

LZIEX has an expense ratio of 0.82%, placing it in the medium range.

LZIEX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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

Lazard International Equity Portfolio provided a 12.61% dividend yield over the last twelve months, with an annual payout of $2.32 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Lazard International 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 International 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 International Equity Portfolio was 55.35%, occurring on Mar 9, 2009. Recovery took 1030 trading sessions.

The current Lazard International Equity Portfolio drawdown is 11.64%.

The chart below shows the rolling one-month volatility.