Fact sheet: Lazard European Sm Cos

Fund information
Fund name
Lazard European Smaller Companies Ret C Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Edward Rosenfeldsince 01/01/2013
Accolades
 Winner - Europe excl UK
Fund objective
To achieve capital growth by investing in shares of European companies that are at the smaller end of the capitalisation spectrum. These smaller companies are listed on major stock exchanges and can be bought and sold daily.
Benchmark
  • MSCI Europe Small Cap Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
10.2%
1 Year rank in sector
10/12
Sector
UT European Smaller Companies
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.
0.8%
Fund size
£264m (£230m 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.
90
Mid price
495
Top in this sector
Fund name1 Year
Henderson European Sm Cos23.3%
Baring Europe Select19.5%
Stan Life Inv ErexUKSlCo18.3%
Schroder European Smaller Cos16.5%
M&G European Smaller Cos15.8%
...more in UT European Smaller Companies

Performance snapshot

Holdings snapshot

  • UK35.1%
    Germany17.5%
    Sweden11.4%
    Italy8.8%
    Others8.4%
  • Industrials26.8%
    Consumer Discretionary15.7%
    Financials14.4%
    Health Care9.7%
    Real Estate8.5%
  • UK Equities35.1%
    German Equities17.5%
    Swedish Equities11.4%
    Italian Equities8.8%
    International Equities8.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%-3.6%4.1%10.2%46%133.9%
Sector-6.7%-1.7%7.8%13.8%32%105.7%
Rank within sector3 / 128 / 1210 / 1210 / 121 / 112 / 11
Quartile1st3rd4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund4.5%27.7%5.8%33.9%24.4%
Sector9.5%20.2%-1.7%32.4%22.5%
Rank within sector10 / 122 / 111 / 116 / 116 / 11
Quartile4th1st1st3rd3rd
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.
3.87
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.
0.98
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.
1.12
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%.
10.52
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.
3.4
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.
1.05
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.
0.89
Price movement
52 week high539
52 week low414.6
Current bid price-
Current offer price-
Current mid price495
Region
1UK35.1%
2Germany17.5%
3Sweden11.4%
4Italy8.8%
5Others8.4%
6Denmark4.2%
7Netherlands4%
8Switzerland3.4%
9Belgium2.8%
Industry sector
1Industrials26.8%
2Consumer Discretionary15.7%
3Financials14.4%
4Health Care9.7%
5Real Estate8.5%
6Information Technology6.6%
7Materials6.3%
8Consumer Staples5.6%
9Telecommunications Utilities2.5%
Asset type
1UK Equities35.1%
2German Equities17.5%
3Swedish Equities11.4%
4Italian Equities8.8%
5International Equities8.4%
6Danish Equities4.2%
7Dutch Equities4%
8Swiss Equities3.4%
9Belgian Equities2.8%
Individual holdings
1RPC GROUP2.5%
2ROYAL UNIBREW A/S2.2%
3STABILUS SA2.2%
4AALBERTS INDUSTRIES2%
5AURELIUS SE & CO. KGAA2%
6DURR AG1.8%
7RIGHTMOVE PLC1.8%
8GRAND CITY PROPERTIES SA1.7%
9KINEPOLIS GROUP1.7%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To achieve capital growth by investing in shares of European companies that are at the smaller end of the capitalisation spectrum. These smaller companies are listed on major stock exchanges and can be bought and sold daily.
Benchmark
  • MSCI Europe Small Cap Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Edward Rosenfeld01/01/2013Edward Rosenfeld is a Portfolio Manager/Analyst on the Global, International, and European Small Cap Equity teams. He began working in the investment industry in 1996. Prior to joining Lazard in 2001, Edward was an analyst with J.P. Morgan. He has an MBA from the University of Chicago and a BA from Columbia College.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard European Smaller Companies Inst Acc
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price513.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL604
Lazard European Smaller Companies Ret Acc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price480.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6G9
Lazard European Smaller Companies Ret C Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price495
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW3D
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