Fact sheet: Lazard Global Equity Inc

Fund information
Fund name
Lazard Global Equity Income C Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Andrew Laceysince 22/10/2007
  • Kyle Waldhauersince 22/10/2007
  • Patrick Ryansince 22/10/2007
Fund objective
To seek to generate substantial income as well as long term capital growth.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
30.3%
1 Year rank in sector
15/41
Sector
UT Global Equity Income
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.
0.79%
Fund size
£158m (£287m 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.
106
Mid price
170.5
Top in this sector
Fund name1 Year
TB Saracen Gbl Inc & Gth39.6%
Schroder Global Equity Income36.5%
Aptus Global Financials36.4%
Legg Mason IFClBrGlEqInc35.4%
COURTIERS Gbl (ex UK) Eq Inc34.7%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • North America37.9%
    Continental Europe23%
    Emerging Asia11.9%
    UK6.5%
    Money Market4.4%
  • Financials25.8%
    Telecommunications Utilities13.5%
    Energy11.6%
    Information Technology10.9%
    Consumer Discretionary7.7%
  • North American Equities37.9%
    European Equities23%
    Asia Pacific Emerging Equities11.9%
    UK Equities6.5%
    Money Market4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%-1.2%7.6%30.3%22.3%66.8%
Sector2.2%0.9%8.5%27.7%38.6%90.8%
Rank within sector37 / 4538 / 4428 / 4415 / 4131 / 3324 / 25
Quartile4th4th3rd2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1%32.5%-11.1%4.4%16.5%
Sector4.2%23.1%2.7%6.8%21.8%
Rank within sector41 / 444 / 4035 / 3525 / 3223 / 28
Quartile4th1st4th4th4th
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.
-4.62
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.
1.17
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.
0.33
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%.
11.71
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.
4.59
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.
-0.67
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.
0.86
Price movement
52 week high174.3
52 week low130.3
Current bid price-
Current offer price-
Current mid price170.5
Region
1North America37.9%
2Continental Europe23%
3Emerging Asia11.9%
4UK6.5%
5Money Market4.4%
6Japan4%
7European Emerging Markets3.4%
8Latin America3.4%
9Asia Pacific ex Japan3.2%
Industry sector
1Financials25.8%
2Telecommunications Utilities13.5%
3Energy11.6%
4Information Technology10.9%
5Consumer Discretionary7.7%
6Health Care6.6%
7Real Estate5.6%
8Others5.1%
9Industrials4.9%
Asset type
1North American Equities37.9%
2European Equities23%
3Asia Pacific Emerging Equities11.9%
4UK Equities6.5%
5Money Market4.4%
6Japanese Equities4%
7American Emerging Equities3.4%
8European Emerging Equities3.4%
9Asia Pacific ex Japan Equities3.2%
Individual holdings
1AT&T INC3.8%
2TAIWAN SEMICONDUCTOR MANUFACTURING3.6%
3PACWEST BANCORP (DELAWARE)3.5%
4TOTAL SA3.5%
5PFIZER INC3.3%
6PATTERN ENERGY GROUP INC2.9%
7CISCO SYSTEMS INC2.7%
8EATON CORP PLC2.5%
9ROYAL DUTCH SHELL2.5%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To seek to generate substantial income as well as long term capital growth.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Lacey22/10/2007Andrew Lacey is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's U.S. and global strategies. He is also a Portfolio Manager/Analyst on various U.S. and global equity portfolio teams. Andrew began working in the investment field in 1995 when he joined Lazard as a member of Lazard's Global Research Platform. He has an MBA from Columbia University and a BA (Hons) from the College of Social Studies, Wesleyan University. Andrew is currently on the Board of Trustees of the Link Community School.
Kyle Waldhauer22/10/2007Kyle 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.
Patrick Ryan22/10/2007Patrick 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard Global Equity Income A Acc
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price173.5
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA7P7
Lazard Global Equity Income A Inc
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)1.05%
Bid price-
Offer price-
Mid price109.6
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA7P6
Lazard Global Equity Income B 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)1.55%
Bid price-
Offer price-
Mid price164.6
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA7P9
Lazard Global Equity Income B Inc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price104.4
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA7P8
Lazard Global Equity Income C Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price170.5
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW2T
Lazard Global Equity Income C Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGW2S
Data provided by

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