About RLITX
Lazard International Strategic Equity Portfolio R6 is an open-end mutual fund focused on providing diversified exposure to equity markets outside the United States. Its primary function is to identify and invest in non-U.S. companies that are believed to be undervalued based on earnings, cash flow, or asset values, with a major emphasis on developed markets represented by the MSCI EAFE Index. Up to 15% of its assets may be invested in companies located in emerging markets, with at least 80% of its holdings in equity securities under typical market conditions.
The portfolio spans a variety of sectors, including industrials, healthcare, technology, consumer defensive, energy, and consumer cyclical, as reflected by its top holdings such as RELX PLC, Unilever PLC, Roche Holding AG, and Taiwan Semiconductor Manufacturing Co. Ltd ADR. This strategy aims to deliver long-term value by leveraging both sector and geographic diversification while emphasizing large-cap, high-quality companies. The fund is managed by a seasoned team under Lazard Asset Management, serving institutional and retirement plan investors as part of the 'Foreign Large Blend' category. Its significant assets under management and active management style underscore its importance as a vehicle for international equity exposure within diversified portfolios.
Fund Family Lazard
Category Foreign Large Blend
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol RLITX
Share Class R6 Shares
Index FTSE World TR USD
RLITX had a total return of 9.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.69%.
