Fact sheet: Lazard World Trust

Fund information
Fund name
Lazard World Trust GBP
Fund manager company
Lazard Feres
Fund type
Investment Trust
Fund manager
  • Lazard Asset Management LLCsince 30/06/1991
Fund objective
The Fund seeks to achieve long-term capital appreciation by investing primarily in a diversified portfolio of companies whose shares trade at a discount to the underlying net asset value. The Fund may also sell short stock indices, stocks, and shares of exchange-traded funds or closedend funds, not exceeding 100% of the Fund’s net assets.
Benchmark
  • MSCI All Country World Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.1%
1 Year rank in sector
10/24
Sector
IT Global
Yield
3.4%
Fund size
£122m
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
287.75
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+0.00
Top in this sector
Fund name1 Year
Lindsell Train IT plc57.6%
British Empire Trust plc34.3%
Monks IT PLC27%
The Scottish Inv Tst PLC24.2%
JPM Gbl Grw&Inc plc22.2%
...more in IT Global

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan39.2%
    North America16%
    Others14.9%
    Japan11.3%
    Europe ex UK11%
  • No data available.
  • Asia Pacific ex Japan Equities39.2%
    International Equities17.9%
    North American Equities16%
    Japanese Equities11.3%
    Europe ex UK Equities11%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%1.2%19.3%17.1%29.1%72.4%
Sector-0.4%3.4%16%15.4%32.5%76.9%
Rank within sector22 / 2418 / 247 / 2410 / 2416 / 2420 / 24
Quartile4th3rd2nd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund16.3%4.2%7.5%16.5%14.8%
Sector15.2%6.8%7.4%21%12%
Rank within sector11 / 2416 / 2415 / 2423 / 2411 / 24
Quartile2nd3rd3rd4th2nd
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.
-0.69
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.
1.03
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.
0.49
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%.
11.95
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.
8.23
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.
-0.08
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.
0.51
Price movement
52 week high306
52 week low229
Current bid price285.5
Current offer price290
Current mid price287.75
Region
1Asia Pacific ex Japan39.2%
2North America16%
3Others14.9%
4Japan11.3%
5Europe ex UK11%
6UK4.6%
7International3%
Industry sector
No data available.
Asset type
1Asia Pacific ex Japan Equities39.2%
2International Equities17.9%
3North American Equities16%
4Japanese Equities11.3%
5Europe ex UK Equities11%
6UK Equities4.6%
Individual holdings
1NASPERS7.7%
2HARBOURVEST GLOBAL PRIVATE EQUITY ORD6.1%
3FIDELITY CHINA SPECIAL SITUATIONS5.8%
4JP MORGAN JAPANESE INVESTMENT TRUST5%
5FIRST PACIFIC CO4.8%
6TETRAGON FINANCIAL GROUP LTD4.8%
7JPMORGAN EMERGING MARKETS EQUITY INST4.5%
8VINACAPITAL VIETNAM OPPORTNTY FD LT4.1%
9INVESTOR AB4%
Management
Fund manager group
Lazard Feres
Fund manager company
Lazard Feres
Fund type
Investment Trust
Fund objective
The Fund seeks to achieve long-term capital appreciation by investing primarily in a diversified portfolio of companies whose shares trade at a discount to the underlying net asset value. The Fund may also sell short stock indices, stocks, and shares of exchange-traded funds or closedend funds, not exceeding 100% of the Fund’s net assets.
Benchmark
  • MSCI All Country World Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Lazard Asset Management LLC30/06/1991
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Lazard World Trust GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price335
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJPL
Lazard World Trust USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.2182
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWC05
Lazard World Trust Wts
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.1
Offer price5.6
Mid price2.85
CurrencyGBX
Price updated01/04/2014
Type-
Institutional or retail classRetail
Domicile-
Citi code0NPR
Data provided by

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