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Lazard Emerging Markets Equity Instl (LZEMX)

17.42 +0.13 (+0.75%)
At close: 8:01 PM EDT

Fund Summary

The fund invests primarily in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in emerging market countries and that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. Under normal circumstances, it invests at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries.

Lazard Emerging Markets Equity Instl

New York, NY 10112
30 Rockefeller Plaza
800-823-6300

Fund Overview

Category Diversified Emerging Mkts
Fund Family Lazard
Net Assets 2.7B
YTD Return 2.45%
Yield 3.67%
Morningstar Rating
Inception Date Jul 15, 1994

Fund Operations

Last Dividend 0.65
Last Cap Gain -27.00
Holdings Turnover 26.00%
Average for Category --

Fees & Expenses

Expense LZEMX Category Average
Annual Report Expense Ratio (net) 1.07% 1.23%
Prospectus Net Expense Ratio 1.07% --
Prospectus Gross Expense Ratio 1.07% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.18%
Max Deferred Sales Load -- 1.16%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Ganesh Ramachandran is a Managing Director and Portfolio Manager/Analyst specializing in emerging markets currency and debt. Ganesh has been a member of the Emerging Income management team since early 2001. He began working in the investment field in 1997 when he joined the Firm. Ganesh has his MBA from the University of Rochester, Simon School of Business and a BS in Chemical Engineering from the Indian Institute of Technology at Madras.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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