Fact sheet: Lazard Managed Balanced

Fund information
Fund name
Lazard Managed Balanced Inst Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Andrew Laceysince 16/05/2010
  • Alan Custissince 31/03/2005
  • David Clearysince 31/05/1999
  • Ulrich Teutschsince 31/03/2014
Fund objective
To seek total return from a combination of income and capital growth.
Benchmark
No data available.
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
9.5%
1 Year rank in sector
147/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
2.6%
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.
0.93%
Fund size
£25m (£25m 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.
73
Mid price
185.2
Top in this sector
Fund name1 Year
Orbis Gbl Bal34.6%
FP MA DRP VIII21.2%
HSBC Wld Seltn Advntr Pfl21%
CF Greenmount20.7%
S&W Millbank East River20.4%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK47.8%
    International27.6%
    Not Specified21.9%
    Money Market2.7%
  • Financials20.9%
    Consumer Services14.7%
    Consumer Goods14%
    Oil & Gas11.8%
    Industrials10%
  • UK Equities47.8%
    International Equities27.6%
    Global Fixed Interest21.9%
    Money Market2.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%-1.2%9.3%9.5%21.3%58.7%
Sector-2%0.4%8.9%9.5%18.7%46.9%
Rank within sector179 / 280233 / 279133 / 275147 / 26885 / 24048 / 207
Quartile3rd4th2nd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund10.4%1.7%6.8%16.9%12.4%
Sector9.9%2.2%5%13.5%9%
Rank within sector123 / 268163 / 25270 / 24259 / 22446 / 207
Quartile2nd3rd2nd2nd1st
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.
0.09
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.
1.15
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.
0.48
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%.
8.23
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.
2.18
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.
0.44
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.
0.95
Price movement
52 week high194.4
52 week low154.3
Current bid price-
Current offer price-
Current mid price185.2
Region
1UK47.8%
2International27.6%
3Not Specified21.9%
4Money Market2.7%
Industry sector
1Financials20.9%
2Consumer Services14.7%
3Consumer Goods14%
4Oil & Gas11.8%
5Industrials10%
6Health Care9.7%
7Basic Materials7.4%
8Telecommunications5.6%
9Money Market3%
Asset type
1UK Equities47.8%
2International Equities27.6%
3Global Fixed Interest21.9%
4Money Market2.7%
Individual holdings
1ROYAL DUTCH SHELL6.6%
2BRITISH AMERICAN TOBACCO PLC5.8%
3BP PLC5%
4HSBC HOLDINGS PLC4.2%
5RIO TINTO LTD3.5%
6DIAGEO PLC3.4%
7VODAFONE GROUP3.1%
8UNILEVER2.8%
9BARCLAYS PLC2.7%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To seek total return from a combination of income and capital growth.
Benchmark
No data available.
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Andrew Lacey16/05/2010Andrew 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.
Alan Custis31/03/2005Alan Custis is a Portfolio Manager/Analyst on our UK Equity Team, responsible for managing UK equity portfolios. He joined Lazard Asset Management Limited in 2004 and his investment experience began in 1989. Prior to joining Lazard, Alan worked for JP MorganFleming for five years in a variety of UK roles including heading their mid-cap initiative and more recently as a member of the UK large cap team. Previously, he worked at Hill Samuel Asset Management where he was Head of Small Cap investment and at Morgan Grenfell Securities as a derivatives trader. Alan holds a Business degree with Honours from Staffordshire University in 1986.
David Cleary31/05/1999David Cleary is a Managing Director of Lazard Asset Management LLC. David provides oversight and management to Lazard's U.S.-based fixed income and asset allocation platform. Additionally he is directly responsible for the management of the Lazard Capital Allocator Series (LCAS). LCAS is a global tactical asset allocation investment strategy. David works on asset allocation modeling and total portfolio risk management and is a member of the LCAS Advisory Board. He is also a member of the Lazard Investment Council. Previously, he spent nine years as a senior fixed income portfolio manager at Lazard with a focus on risk control, sector allocation and total portfolio management. David began working in the investment field in 1987. Prior to joining Lazard in 1994, David worked as a portfolio manager with Union Bank of Switzerland and an assistant treasurer with IBJ Schroeder, both primarily in fixed income asset management. He has a BS from Cornell University.
Ulrich Teutsch31/03/2014Ulrich Teutsch is a Portfolio Manager/Analyst on the European Credit Team located in Frankfurt. He began working in the investment field in 1999. Prior to joining Lazard in 2010, Ulrich was an Analyst with InteractiveData and ValuePrice and a senior portfolio manager with Cominvest Asset Management. He has a diploma in Business Administration from University of Siegen and also holds the DVFA/CEFA
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard Managed Balanced Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price185.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPT8
Lazard Managed Balanced Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price152
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ01
Lazard Managed Balanced Ret Inc
Initial charge3.75%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price146.8
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ35
Data provided by

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