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Lazard Global Realty Equity Portfolio Institutional Shares (LITIX)

15.61
Net Asset Value
+0.39%
1 Day
+2.90%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
3.79%
Expense Ratio
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+3.72% 3 years+10.63%
3 months-2.56% 5 years--
1 year+1.50% Since inception+13.63%
Data through --

Peer Comparisonvs. Global real estate

 LITIXCategory
Performance 5-yr return--+11.13%
Expense ratio3.79%1.41%
Risk 5 year sharpe ratio0.620.76
Net assets$5.4M$689.4M
Average market cap$8.8B$9.5B
Average P/E17.314.9
Portfolio turnover84%84%

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Fund Management and Purchase Info

Fund familyLazard
Fund manager & tenureJay Leupp / 6 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

U.S. stock47.35%
International stock45.62%
Fixed income5.57%
Cash1.46%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
SPG Simon Property Group Inc4.94%
-- 3.99%
ESS Essex Property Trust Inc3.44%
-- 3.27%
PSA Public Storage2.96%
-- 2.89%
-- 2.79%
AVB AvalonBay Communities2.42%
-- 2.34%
-- 2.27%