Fact sheet: Lazard EmgMktTtRtDt

Fund information
Fund name
Lazard Emerging Markets Total Return Debt D Hedged Inc EUR
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Denise Simonsince 30/09/2010
  • Arif Joshisince 30/09/2010
Fund objective
To maximise total return from income and capital growth.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5%
1 Year rank in sector
190/218
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.
2.02%
Fund size
£476m (£550m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
84
Top in this sector
Fund name1 Year
Aberdeen Global II EMTlRB480%
UBS (L)BdSIC-Brazil$46%
Pictet Lat Am Lcl Cur Dt36%
Ashmore EMHghYldCrDb29.9%
Gramercy Allct Emg Mket Debt27%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • USA69.3%
    Argentina4.1%
    Ghana3.3%
    Netherlands3%
    Ukraine2.1%
  • Others64%
    B-13%
    Money Market9.1%
    BB-4.4%
    BB2.8%
  • US Fixed Interest57.8%
    American Emerging Fixed Interest9.5%
    Money Market9.1%
    African Fixed Interest4.7%
    Dutch Fixed Interest3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%2.1%-0.7%5%-4%-0.4%
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector151 / 234199 / 233173 / 225190 / 218140 / 17571 / 102
Quartile3rd4th4th4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.9%5.8%-8.8%-1.8%-2.5%
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector202 / 233188 / 217148 / 201113 / 16920 / 124
Quartile4th4th3rd3rd1st
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.
-2.61
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.
0.63
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.
-0
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%.
5.07
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.
3.43
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.
-0.92
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.
0.83
Price movement
52 week high98.74
52 week low91.69
Current bid price-
Current offer price-
Current mid price95.91
Region
1USA69.3%
2Argentina4.09%
3Ghana3.28%
4Netherlands3%
5Ukraine2.08%
6Brazil2.04%
7El Salvador1.97%
8Portugal1.83%
9Lebanon1.59%
Industry sector
1Others64.02%
2B-13.03%
3Money Market9.14%
4BB-4.42%
5BB2.77%
6B+2.22%
7B2.06%
8BB+0.79%
9BBB-0.77%
Asset type
1US Fixed Interest57.75%
2American Emerging Fixed Interest9.51%
3Money Market9.14%
4African Fixed Interest4.73%
5Dutch Fixed Interest3%
6European Emerging Fixed Interest2.63%
7US Equities2.35%
8Brazilian Fixed Interest2.03%
9Portuguese Fixed Interest1.83%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% BDS 11/05/17 USD100019.59%
2SP9I5CUX1 CDS USD R V 03MEVENT4.34%
3SP9I5CUX1 CDS USD P F 1.000004.14%
4SP9F5NLB1 CDS USD R V 03MEVENT3.32%
5SP9F5NLB1 CDS USD P F 1.000003.17%
6REPUBLIC OF ARGENTINA2.69%
7SP9F5JD03 CDS USD R V 03MEVENT2.36%
8SP9F5JD03 CDS USD P F 1.000002.25%
9PORTUGAL(REPUBLIC OF) 5.125% BDS 15/10/24 USD200000 REG S1.83%
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 Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Denise Simon30/09/2010Denise 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 Joshi30/09/2010Arif 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 Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Offshore, Singapore
Lazard Emerging Markets Total Return Debt A Acc USD
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price113.4665
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUU2
Lazard Emerging Markets Total Return Debt A Dis USD
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQI9
Lazard Emerging Markets Total Return Debt A Hedged Acc EUR
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price109.5477
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUU3
Lazard Emerging Markets Total Return Debt A Hedged Acc GBP
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price111.1319
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeACHN
Lazard Emerging Markets Total Return Debt A Hedged Acc JPY
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price10058.1334
CurrencyJPY
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK9EO
Lazard Emerging Markets Total Return Debt A Hedged Dis CHF
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQIB
Lazard Emerging Markets Total Return Debt A Hedged Dis EUR
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price91.0532
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGGCV
Lazard Emerging Markets Total Return Debt A Hedged Dis GBP
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQI7
Lazard Emerging Markets Total Return Debt A Hedged Dis JPY
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQI2
Lazard Emerging Markets Total Return Debt B Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£500
Min regular saving£10
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price106.8755
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5MO
Lazard Emerging Markets Total Return Debt B Dis USD
Initial charge7%
Annual charge1.25%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQIA
Lazard Emerging Markets Total Return Debt B Hedged Acc CHF
Initial charge7%
Annual charge1.25%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQI4
Lazard Emerging Markets Total Return Debt B Hedged Acc EUR
Initial charge5%
Annual charge1.25%
Min single investment£500
Min regular saving£10
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price104.9323
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABXR
Lazard Emerging Markets Total Return Debt B Hedged Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£500
Min regular saving£10
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price106.5136
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5MP
Lazard Emerging Markets Total Return Debt B Hedged Dis CHF
Initial charge7%
Annual charge1.25%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQI5
Lazard Emerging Markets Total Return Debt B Hedged Dis EUR
Initial charge7%
Annual charge1.25%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQI3
Lazard Emerging Markets Total Return Debt D Acc USD
Initial charge3%
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price107.3512
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0PDT
Lazard Emerging Markets Total Return Debt D Dis USD
Initial charge3%
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQI8
Lazard Emerging Markets Total Return Debt D Hedged Acc EUR
Initial charge3%
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price105.4232
CurrencyEUR
Price updated07/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMJN8
Lazard Emerging Markets Total Return Debt D Hedged Inc EUR
Initial charge3%
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price95.9102
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMJN9
Lazard Emerging Markets Total Return Debt X Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.27%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQI6
Data provided by

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