About LZFOX
Lazard Equity Franchise Portfolio Open Shares is a mutual fund that focuses on investing in equity securities of both U.S. and international companies, including those operating in emerging markets. The fund is actively managed with the goal of delivering long-term, defensive returns by targeting "economic franchise" companies—businesses believed to have stable financial histories, predictable earnings, and durable competitive advantages. The strategy emphasizes a concentrated portfolio of typically around 30 holdings, prioritizing firms that demonstrate high returns on assets and resilient business models. Its sector allocations highlight significant exposure to health care, industrials, utilities, and financials, reflecting a diversified, yet focused, approach to stock selection. The portfolio also maintains a global perspective, investing a notable portion of assets in Europe, North America, and the United Kingdom. Managed by an experienced team at Lazard Asset Management, the fund plays a distinctive role in the market by providing investors with access to a curated selection of quality-focused global equity opportunities.
Fund Family Lazard
Category World Small/Mid Stock
Performance Rating Below Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol LZFOX
Share Class Open Shares
Index MSCI AC World NR USD
LZFOX had a total return of 13.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.24%.
