Lazard Global Equity Advantage Fund

As of Date:

Summary

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PREMIUM/DISCOUNT AS % OF NAV

[[AS_OF_DATE]] | All values in [[CURRENCY]] unless otherwise specified | Performance Inception: [[INCEPTION_DATE]]

Investments can go up and down. Past performance is not necessarily indicative of future performance. The net returns are calculated using the Fund's Net Asset Value unit price and are quoted after the deduction of Management Fees and Costs. Performance assumes reinvestment of all distributions. Information presented has been obtained or derived from sources believed by Lazard to be reliable. Lazard makes no representation as to their accuracy or completeness. Source: Lazard, MSCI

Performance for periods shorter than one year has not been annualized. Performance presented net of fees. Past performance is not a reliable indicator of future results.

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[[AS_OF_DATE]] | All values in [[CURRENCY]] unless otherwise specified | Performance Inception: [[INCEPTION_DATE]]

[[AS_OF_DATE]] | All values in [[CURRENCY]] unless otherwise specified | Performance Inception: [[INCEPTION_DATE]]

The allocations mentioned are based upon a portfolio that represents the proposed investment for a fully discretionary account. Source: Lazard, MSCI.

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Team as of date: xx-xx-xxxx