Lazard Emerging Markets Equity Portfolio Open Shares (LZOEX)
| Fund Assets | 7.59B |
| Expense Ratio | 1.32% |
| Min. Investment | $2,500 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 1.53% |
| Dividend Growth | -12.19% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 29.17 |
| YTD Return | 12.95% |
| 1-Year Return | 50.08% |
| 5-Year Return | 76.56% |
| 52-Week Low | 17.48 |
| 52-Week High | 29.32 |
| Beta (5Y) | 0.65 |
| Holdings | 97 |
| Inception Date | Jan 8, 1997 |
About LZOEX
Lazard Emerging Markets Equity Portfolio Open Shares is an open-end mutual fund focused on investing in equity securities of companies operating in emerging markets. The fund’s primary objective is long-term capital appreciation, targeting stocks that its management team believes are undervalued relative to their underlying fundamentals. It is managed by Lazard Asset Management and employs a disciplined valuation approach, aiming to identify well-run and profitable businesses that might be temporarily mispriced due to market inefficiencies, misunderstood business models, or geopolitical and economic factors. The portfolio typically holds a diversified set of about 95 securities, with its top 10 holdings accounting for approximately 25% of assets. Major sectors represented include technology, financial services, energy, and communication services. The fund’s investment style is categorized as large value within the diversified emerging markets segment. With an above-average expense ratio and a relatively concentrated portfolio, the fund plays a strategic role as a satellite allocation for investors seeking exposure to high-growth potential markets outside developed economies, and is suited for those with a longer-term investment horizon and tolerance for higher volatility.
Performance
LZOEX had a total return of 50.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.50%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
25.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 4.54% |
| SK hynix Inc. | 000660 | 3.95% |
| Lazard Govt Mny Mmkt Ins Lzixx | n/a | 3.83% |
| ASE Technology Holding Co., Ltd. | 3711 | 2.66% |
| China Construction Bank Corporation | 0939 | 2.20% |
| Wiwynn Corporation | 6669 | 1.83% |
| Shinhan Financial Group Co., Ltd. | 055550 | 1.72% |
| Indus Towers Limited | INDUSTOWER | 1.70% |
| MediaTek Inc. | 2454 | 1.67% |
| KB Financial Group Inc. | 105560 | 1.63% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.4463 | Dec 22, 2025 |
| Dec 20, 2024 | $0.50827 | Dec 23, 2024 |
| Dec 21, 2023 | $0.60277 | Dec 22, 2023 |
| Dec 22, 2022 | $0.82355 | Dec 23, 2022 |
| Dec 22, 2021 | $0.49919 | Dec 23, 2021 |
| Aug 19, 2021 | $0.34029 | Aug 20, 2021 |