Lazard Global Realty Equity Portfolio Institutional Shares (LITIX)

14.87
Net Asset Value
+0.54%
1 Day
-4.19%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
5.25%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks primarily long-term capital appreciation- with current income- including interest and dividends from portfolio securities- as a secondary objective. Under normal circumstances- the Portfolio invests at least 80% of its assets in equity securities (including common- convertible and preferred stocks) of Realty Companies- as well as certain synthetic instruments relating to Realty Companies. It also may invest up to 20% of its assets in equity and fixed income securities and instruments of companies or entities- including- but not limited to- other investment companies. The fund is non-diversified.

Performance

1 month-4.00% 3 years+2.69%
3 months-2.42% 5 years+4.85%
1 year+5.78% Since inception+11.05%
Data through --

Peer Comparisonvs. Global real estate

 LITIXCategory
Performance 5-yr return+4.85%+6.13%
Expense ratio5.25%1.33%
Risk 5 year sharpe ratio0.510.53
Net assets$5.3M$733.7M
Average market cap$10.9B$5.8B
Average P/E15.713.4
Portfolio turnover38%38%

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Fund Management and Purchase Info

Fund familyLazard
Fund manager & tenureJay Leupp / 9 Years
Minimal initial investment$100,000.00
Minimum IRA investment--

Holdings

International stock49.56%
U.S. stock45.06%
Cash3.80%
Fixed income1.57%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 3.52%
EQIX Equinix Inc3.47%
-- 3.18%
PSA Public Storage3.08%
-- 2.96%
-- 2.86%
PLD Prologis Inc2.85%
BXP Boston Properties2.82%
-- 2.76%
ELS Equity LifeStyle Properties Inc2.59%