Lazard US Mid Cap Equity Portfolio Institutional Shares (LZMIX)

17.65
Net Asset Value
+0.28%
1 Day
+6.39%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
No Load
Sales Expenses
1.19%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The Portfolio invests primarily in a focused portfolio of equity securities, principally common stocks, of mid cap U.S. companies that the Investment Manager believes have strong and/or improving financial productivity and are undervalued based on their earnings, cash flow or asset values. It invests at least 80% of its assets in equity securities of medium-size (mid cap) U.S. companies. The Portfolio may invest up to 20% of its assets in equity securities of larger or smaller U.S. or non-U.S. companies. It is non-diversified.

Performance

1 month+3.70% 3 years+15.24%
3 months+2.86% 5 years+13.18%
1 year+16.35% Since inception+8.32%
Data through --

Peer Comparisonvs. Mid-cap blend

 LZMIXCategory
Performance 5-yr return+13.18%+19.76%
Expense ratio1.19%1.24%
Risk 5 year sharpe ratio1.001.08
Net assets$37.0M$1.8B
Average market cap$9.2B$8.3B
Average P/E19.519.5
Portfolio turnover133%133%

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Fund Management and Purchase Info

Fund familyLazard
Fund manager & tenureAndrew Lacey / 13 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

U.S. stock85.79%
International stock7.37%
Cash6.84%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 17.97%
Financial service 17.57%
Consumer goods 14.03%
Energy 12.88%
Consumer service 9.16%
Top 10 Holdings
Portfolio weighting
AAP Advance Auto Parts Inc9.09%
TAP Molson Coors Brewing Co7.76%
CCK Crown Holdings Inc7.73%
CFN CareFusion Corp6.12%
SYY Sysco Corp5.55%
ZTS Zoetis Inc5.23%
MGLN Magellan Health Inc4.68%
JOY Joy Global Inc4.30%
-- Transocean Ltd4.24%
JNS Janus Capital Group Inc4.22%

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