Fact sheet: Lazard Emg Mkt Dt Bl

Fund information
Fund name
Lazard Emerging Markets Debt Blend K Acc EUR
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Denise Simonsince 01/02/2011
  • Arif Joshisince 01/02/2011
Fund objective
To maximise total return from income and capital growth.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.5%
1 Year rank in sector
71/218
Sector
FO Fixed Int - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.65%
Fund size
£1,362m (£1,310m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$41.3%
Pictet Lat Am Lcl Cur Dt35.4%
Ashmore EMHghYldCrDb31.1%
Old Mutual Em Mt Dt29.3%
Capital Group EMLDtL27.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • USA17.1%
    Indonesia7.5%
    Mexico6.9%
    South Africa6%
    Brazil4.7%
  • Others29.8%
    B-11.9%
    Money Market9.8%
    BBB-6%
    BB-5.6%
  • American Emerging Fixed Interest16.6%
    Money Market9.8%
    European Emerging Fixed Interest8.1%
    Indonesian Fixed Interest7.5%
    Mexican Fixed Interest6.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%1.7%2.8%11.5%--
Sector0.8%4.3%1.5%10.2%4.3%6.2%
Rank within sector219 / 234208 / 23362 / 22771 / 218--
Quartile4th4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%12%0.5%--
Sector4.3%10.2%-7.3%-0.6%-7%
Rank within sector199 / 23358 / 21739 / 201--
Quartile4th2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high126.68
52 week low110.73
Current bid price-
Current offer price-
Current mid price124.98
Region
1USA17.1%
2Indonesia7.52%
3Mexico6.91%
4South Africa6.02%
5Brazil4.66%
6Turkey4.63%
7Colombia4.6%
8Argentina4.47%
9Malaysia3.68%
Industry sector
1Others29.75%
2B-11.9%
3Money Market9.81%
4BBB-6.04%
5BB-5.59%
6BBB+5.3%
7A-5.24%
8BB4.98%
9A4.92%
Asset type
1American Emerging Fixed Interest16.62%
2Money Market9.81%
3European Emerging Fixed Interest8.08%
4Indonesian Fixed Interest7.52%
5Mexican Fixed Interest6.9%
6African Fixed Interest6.63%
7US Fixed Interest6.3%
8South African Fixed Interest6.02%
9Brazilian Fixed Interest4.64%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% BDS 11/05/17 USD10004.69%
2MEXICO(UNITED MEXICAN STATES) 5% BDS 11/12/19 MXN1002.87%
3REPUBLIC OF SOUTH AFRICA BONDS 12/26 10.51.98%
4PETROBRAS GLOBAL FINANCE BV 8.375% BDS 23/05/21 USD20001.94%
5MALAYSIA 0% BDS 30/09/21 MYR10001.81%
6COLOMBIA(REPUBLIC OF) 10% BDS 24/07/24 COP1000001.74%
7BRAZIL(FEDERATIVE REPUBLIC OF) VAR TB 01/01/27 BRL10001.68%
8TURKEY(REPUBLIC OF) 6.3% BDS 14/02/18 TRY1001.56%
9SOUTH AFRICA(REPUBLIC OF) 8.25% BDS 31/03/32 ZAR11.49%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To maximise total return from income and capital growth.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Denise Simon01/02/2011Denise Simon is a Portfolio Manager/Analyst on Lazard's Emerging Markets Debt team. She began working in the investment field in 1986. Prior to joining Lazard in 2010, Denise was with HSBC Global Asset Management (formerly Halbis) where she was a Managing Director and Portfolio Manager for three global emerging markets strategies. Prior to HSBC, she was a Partner and senior portfolio manager at The Atlantic Advisors (acquired by HSBC in 2005). Prior to this, Denise was a senior portfolio manager at Dresdner Kleinwort Wasserstein (formerly Wasserstein Perella) managing global funds. From 1995-1998, she was a senior trader of emerging European debt and equity at Bayerische Vereinsbank in Germany. From 1992-1995 Denise was an Executive Director of EM Trading at Lehman Brothers. She also held senior trading positions in Global Markets at both Kleinwort Benson and UBS. Denise has a BA in International Economics from George Washington University. She currently serves on the Board of the US-Mexico Chamber of Commerce and the Board of the Richard B. Fisher Center for the Performing Arts at Bard College. As well, she chairs the Board of the Mexican Cultural Institute and the Board of the Bard Music Festival.
Arif Joshi01/02/2011Arif Joshi is a Portfolio Manager/Analyst on Lazard's Emerging Markets Debt team. He began working in the investment field in 1998. Prior to joining Lazard in 2010, Arif was with HSBC Global Asset Management (formerly Halbis) where he served as Senior Vice President and Portfolio Manager. At HSBC, Arif was responsible for global emerging markets, focusing on corporate and sovereign credit analysis, risk management and quantitative modeling. He began this role at The Atlantic Advisors LLC (acquired by HSBC in 2005). Prior to HSBC, he was an associate at Strategic Management Group where he advised Fortune 500 companies on finance and corporate strategy. Arif has an MBA in Finance from Columbia Business School and a BS in Economics from the Wharton School at the University of Pennsylvania.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Netherlands, Offshore, Singapore
Lazard Emerging Markets Debt Blend A Acc USD
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price94.193
CurrencyUSD
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI5WW
Lazard Emerging Markets Debt Blend A Dis GBP
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price121.4477
CurrencyGBP
Price updated28/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN8EQ
Lazard Emerging Markets Debt Blend A Dis USD
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price103.7601
CurrencyUSD
Price updated28/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN8GU
Lazard Emerging Markets Debt Blend A Hedged Acc CHF
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price94.3487
CurrencyCHF
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKYBU
Lazard Emerging Markets Debt Blend A Hedged Acc EUR
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price90.192
CurrencyEUR
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ8KF
Lazard Emerging Markets Debt Blend A Hedged Acc GBP
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.1054
CurrencyGBP
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNI1S
Lazard Emerging Markets Debt Blend A Hedged Dis CHF
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHF
Lazard Emerging Markets Debt Blend A Hedged Dis EUR
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHE
Lazard Emerging Markets Debt Blend A Hedged Dis GBP
Initial charge3%
Annual charge0.8%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.1815
CurrencyGBP
Price updated28/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNOEN
Lazard Emerging Markets Debt Blend K Acc EUR
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.9777
CurrencyEUR
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKE6J
Lazard Emerging Markets Debt Blend K Dis EUR
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.5413
CurrencyEUR
Price updated28/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKW2S
Lazard Emerging Markets Debt Blend Q Dis USD
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHH
Lazard Emerging Markets Debt Blend X Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.3834
CurrencyEUR
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMC9F
Lazard Emerging Markets Debt Blend X Hedged Dis EUR
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHG
Data provided by

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