About LZFIX
Lazard Equity Franchise Portfolio Institutional Shares is a global equity mutual fund designed to deliver long-term returns by investing in companies with established economic franchises. Its strategy centers on selecting businesses—both in the U.S. and internationally, including emerging markets—that demonstrate stable financial performance, strong earnings forecastability, and sustainable competitive advantages. The fund employs a value-oriented approach and leans toward mid-sized companies, focusing on sectors such as technology, healthcare, utilities, communication services, and industrials. Managed by an experienced team at Lazard Asset Management, the portfolio is relatively concentrated, with over half of its assets typically invested in its top ten holdings, reflecting its conviction-driven process. This approach may result in higher risk concentrations, but it aims to capitalize on companies regarded as resilient across market cycles. The fund serves institutional investors seeking exposure to defensive, high-quality global equities with an emphasis on long-term capital appreciation and a disciplined, research-driven selection process.
Fund Family Lazard
Category World Small/Mid Stock
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol LZFIX
Share Class Institutional Shares
Index MSCI AC World NR USD
LZFIX had a total return of 13.67% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.49%.
