Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX)

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Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) is up 24.1% since the beginning of the year. RLEMX is currently trading at $31 per share. Investors who bought $1,000 worth of RLEMX shares 5 years ago would now be looking at an investment worth $1,934.

Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) has returned 24.08% so far this year and 41.56% over the past 12 months. Over the last ten years, RLEMX has returned 10.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.07% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, RLEMX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.2%, while the worst month was Mar 2020 at -20.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, RLEMX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -10.8%.

Lazard Emerging Markets Equity Portfolio Class R6 has an annualized alpha of 3.24%, beta of 0.66, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.24%) than losses (74.44%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.66 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

RLEMX has a high expense ratio of 1.38%, indicating above-average management fees.

RLEMX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Lazard Emerging Markets Equity Portfolio Class R6 provided a 1.65% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

The table displays the monthly dividend distributions for Lazard Emerging Markets Equity Portfolio Class R6. 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 Emerging Markets Equity Portfolio Class R6. 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 Emerging Markets Equity Portfolio Class R6 was 44.12%, occurring on Mar 23, 2020. Recovery took 303 trading sessions.

The current Lazard Emerging Markets Equity Portfolio Class R6 drawdown is 2.25%.

The chart below shows the rolling one-month volatility.