Lazard Emerging Markets Equity Portfolio Institutional Shares (LZEMX)
| Fund Assets | 3.76B |
| Expense Ratio | 1.07% |
| Min. Investment | $10,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 2.55% |
| Dividend Growth | -13.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 21.86 |
| YTD Return | 21.82% |
| 1-Year Return | 18.95% |
| 5-Year Return | 74.56% |
| 52-Week Low | 17.18 |
| 52-Week High | 21.99 |
| Beta (5Y) | n/a |
| Holdings | 96 |
| Inception Date | Jul 15, 1994 |
About LZEMX
Lazard Emerging Markets Equity Portfolio Institutional Shares is an open-end mutual fund designed to provide exposure to equities in emerging market countries. Managed by Lazard Asset Management, the fund primarily invests in non-U.S. companies whose principal activities are located in emerging markets and that are considered undervalued based on metrics such as earnings, cash flow, or asset values. The portfolio typically holds a diversified basket of common stocks across various industries, with a focus on large-value investment style, and the top sector allocations often include technology, financial services, and communication services. This fund aims to capture growth potential in dynamic and rapidly developing economies, offering investors access to regions that may be underrepresented in developed market indices. It features a moderate turnover rate and pays distributions on a semiannual basis. With a substantial asset base and institutional share class structure, the fund caters to larger investors seeking professionally managed exposure to emerging market equities as a component of global diversification strategies.
Performance
LZEMX had a total return of 18.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.75%.
Top 10 Holdings
25.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 4.75% |
| SK hynix Inc. | 000660 | 3.10% |
| China Construction Bank Corporation | 0939 | 3.07% |
| Fixed Inc Clearing Corp.Repo | n/a | 2.84% |
| Indus Towers Limited | INDUSTOWER | 2.19% |
| KB Financial Group Inc. | 105560 | 2.16% |
| OTP Bank Nyrt. | OTP | 2.01% |
| BB Seguridade Participações S.A. | BBSE3 | 1.87% |
| China Merchants Bank Co., Ltd. | CIHHF | 1.83% |
| ASE Technology Holding Co., Ltd. | 3711 | 1.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.5565 | Dec 23, 2024 |
| Dec 21, 2023 | $0.64597 | Dec 22, 2023 |
| Dec 22, 2022 | $0.8625 | Dec 23, 2022 |
| Dec 22, 2021 | $0.54542 | Dec 23, 2021 |
| Aug 19, 2021 | $0.34029 | Aug 20, 2021 |
| Dec 22, 2020 | $0.16417 | Dec 23, 2020 |