Fact sheet: Lazard Gbl Eq Inc

Fund information
Fund name
Lazard Global Equity Income Ret C Acc GBP
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Patrick Ryansince 28/12/2013
  • Kyle Waldhauersince 28/12/2013
  • Ronald Templesince 28/02/2016
Fund objective
To achieve long-term capital growth and a high level of current income.
Benchmark
  • MSCI All Country World Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
37.4%
1 Year rank in sector
38/481
Sector
FO Equity - International
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.
1.35%
Fund size
£8m (£13m 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.
104
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq60.9%
Dodge & Cox Gbl Stk58.2%
SKAGEN Focus49.6%
RWC Global Horizon47.5%
Dimensional Gbl Small Cos45.2%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America44.2%
    Continental Europe22.2%
    Emerging Asia12.5%
    UK5.7%
    European Emerging Markets3.7%
  • Financials28.2%
    Telecommunications Utilities15.2%
    Energy11.5%
    Information Technology8.2%
    Materials6.3%
  • North American Equities44.2%
    European Equities22.2%
    Asia Pacific Emerging Equities12.5%
    UK Equities5.7%
    European Emerging Equities3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3%7.5%10.3%37.4%--
Sector3.5%7.2%7.6%20.6%20.7%52%
Rank within sector390 / 513239 / 508142 / 49938 / 481--
Quartile4th2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund2.7%----
Sector4.9%7.9%0.7%6%21.3%
Rank within sector469 / 510----
Quartile4th
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.
2.79
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.
0.73
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.
0.36
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%.
10.68
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.
8.6
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.
0.1
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.
0.41
Price movement
52 week high143.87
52 week low104.35
Current bid price-
Current offer price-
Current mid price143.39
Region
1North America44.2%
2Continental Europe22.2%
3Emerging Asia12.5%
4UK5.7%
5European Emerging Markets3.7%
6Asia Pacific ex Japan3.2%
7Japan2.9%
8Middle East2.5%
9Latin America2.1%
Industry sector
1Financials28.2%
2Telecommunications Utilities15.2%
3Energy11.5%
4Information Technology8.2%
5Materials6.3%
6Others6.3%
7Consumer Discretionary6.1%
8Health Care5.9%
9Industrials5.8%
Asset type
1North American Equities44.2%
2European Equities22.2%
3Asia Pacific Emerging Equities12.5%
4UK Equities5.7%
5European Emerging Equities3.7%
6Asia Pacific ex Japan Equities3.2%
7Japanese Equities2.9%
8Middle East & African Equities2.5%
9American Emerging Equities2.1%
Individual holdings
1AT&T INC4.2%
2PACWEST BANCORP (DELAWARE)4.2%
3PFIZER INC3.7%
4INTERNATIONAL PAPER CO3.6%
5TAIWAN SEMICONDUCTOR MANUFACTURING3.4%
6TOTAL SA3.4%
7EATON CORP PLC2.9%
8PATTERN ENERGY GROUP INC2.7%
9RTL GROUP SA2.6%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve long-term capital growth and a high level of current income.
Benchmark
  • MSCI All Country World Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Patrick Ryan28/12/2013Patrick Ryan is a Managing Director and Portfolio Manager/Analyst on the Global Equity Income and Global Equity Select teams. He began working in the investment industry in 1989. Prior to joining Lazard in February 1994, Pat was an equity analyst with Hutson Management. Pat has a BS in Industrial Engineering from Columbia University School of Engineering and Applied Science.
Kyle Waldhauer28/12/2013Kyle Waldhauer is a Senior Vice President and Portfolio Manager/Analyst on the Global Equity Income and Global Equity Select teams. He began working in the investment field in 1994. Prior to joining Lazard in 1998, Kyle was a financial representative at Fidelity Investments. He has a BS in Economics and Finance from Southern New Hampshire University.
Ronald Temple28/02/2016Ronald Temple is a Managing Director and Co-Head of Multi Asset and Head of US Equity, responsible for oversight of the firm's multi asset and US equity strategies as well as several global equity strategies. He is also a Portfolio Manager/Analyst on various US and global equity teams. He joined Lazard in 2001 with ten years of global experience including fixed-income derivative trading, risk management, corporate finance and corporate strategy in roles at Deutsche Bank AG, Bank of America NT & SA and Fleet Financial Group in London, New York, Singapore, San Francisco, and Boston. Ron has an MPP from Harvard University and graduated magna cum laude with a BA in Economics & Public Policy from Duke University. He is a member of the Council on Foreign Relations, the Economic Club of New York, the Financial Accounting Standards Advisory Council, Duke University’s Graduate School Board of Visitors and the New York Society of Security Analysts (NYSSA). Ron also served as a trustee of the Link Community School in Newark, New Jersey from 2006-2014, and served as a member of the Trinity Board of Visitors at Duke University from 2006-2012.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore, Singapore
Lazard Global Equity Income Inst Acc USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.2597
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZZC
Lazard Global Equity Income Inst Hedged EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.4401
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBN5J
Lazard Global Equity Income Inst L Dis EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.3799
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKPVK
Lazard Global Equity Income L Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.8394
CurrencyGBP
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3IQ
Lazard Global Equity Income L Dis GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.1364
CurrencyGBP
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK1VL
Lazard Global Equity Income L Dis USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price82.5219
CurrencyUSD
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM3IP
Lazard Global Equity Income Ret C Acc GBP
Initial charge7%
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price143.3897
CurrencyGBP
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMYTM
Data provided by

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