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
42.4%
1 Year rank in sector
5/24
Sector
IT Global
Yield
3%
Fund size
£128m
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.
105
Mid price
329.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
370.1
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.
-10.97
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Monks IT PLC50.3%
JPM Gbl Grw&Inc plc49.6%
British Empire Trust plc48.2%
Lindsell Train IT plc45.7%
Lazard World Trust42.4%
...more in IT Global

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan39.3%
    North America17.4%
    Europe ex UK13.9%
    Japan11.6%
    UK8.5%
  • No data available.
  • Asia Pacific ex Japan Equities39.3%
    North American Equities17.4%
    Europe ex UK Equities13.9%
    Japanese Equities11.6%
    International Equities9.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%12.8%13.3%42.4%59.4%80.7%
Sector0.7%6.7%12.1%33.8%46%83.6%
Rank within sector4 / 243 / 2412 / 245 / 249 / 2420 / 24
Quartile1st1st2nd1st2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund12.3%20.4%4.2%7.5%16.5%
Sector6.2%21.1%6.8%7.4%21%
Rank within sector2 / 2412 / 2416 / 2415 / 2423 / 24
Quartile1st2nd3rd3rd4th
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.
2.34
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.
1.06
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
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%.
12.39
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.
8.36
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.
0.32
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.
0.53
Price movement
52 week high335
52 week low238.75
Current bid price327
Current offer price332
Current mid price329.5
Region
1Asia Pacific ex Japan39.3%
2North America17.4%
3Europe ex UK13.9%
4Japan11.6%
5UK8.5%
6Others6.7%
7International2.6%
Industry sector
No data available.
Asset type
1Asia Pacific ex Japan Equities39.3%
2North American Equities17.4%
3Europe ex UK Equities13.9%
4Japanese Equities11.6%
5International Equities9.3%
6UK Equities8.5%
Individual holdings
1NASPERS6.9%
2HARBOURVEST GLOBAL PRIVATE EQUITY ORD6.7%
3FIDELITY CHINA SPECIAL SITUATIONS5.6%
4FIRST PACIFIC CO4.9%
5JP MORGAN JAPANESE INVESTMENT TRUST4.8%
6VINACAPITAL VIETNAM OPPORTNTY FD LT4.4%
7JPMORGAN EMERGING MARKETS EQUITY INST4.3%
8JPMORGAN JAPAN SMALLER COMPANIES4.3%
9JARDINE STRATEGIC HLDGS4%
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 price370.1
CurrencyGBX
Price updated22/03/2017
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 price4.6216
CurrencyUSD
Price updated22/03/2017
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

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.