Lazard Global Balanced Income Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 469
- Total Net Assets: C$14 M
REASONS TO OWN
Features
- Holds global high yield equities, global low volatility equities and global fixed income
- Seeks to add value through security selection and asset allocation
- Ability to actively change allocation to equities and fixed income
- Foreign currency exposure is dynamically hedged back into Canadian Dollars
- 4% targeted annual distribution, paid monthly
Benefits
- Provides access to a variety of income sources from outside of Canada
- Offers two sources of potential alpha generation through all market cycles
- Can re-position to participate in rising markets and defend in declining markets
- Manages foreign currency risk with the goal of reducing volatility and generating returns
- Provides a monthly income stream
Portfolio Sub-Advisors
Fundserv : BIP
Fund Number | |||
---|---|---|---|
Series | C$ | US$ | |
A | 185 | 187 | |
F | 588 | 589 |
Inception: November 4 2014|Series F (CAD)|MER: 0.98 %PERFORMANCE: Series F (CAD)
Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | 7-Yr | Since Incept. | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Lazard Global Balanced Income Fund | 1.08 | 2.34 | 8.32 | 4.62 | 4.46 | 2.83 | 3.21 | 4.77 | 4.27 | ||
Lazard Global Balanced Income Benchmark** | 1.04 | 1.99 | 8.74 | 6.07 | 3.43 | 3.94 | 4.39 | 5.50 | 6.14 |
Calendar Year Performance (%) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
---|---|---|---|---|---|---|---|---|---|---|
Lazard Global Balanced Income Fund | 7.03 | 0.89 | 10.95 | -0.09 | 11.23 | 3.03 | 9.19 | -9.76 | ||
Lazard Global Balanced Income Benchmark** | 16.89 | 1.40 | 9.37 | -0.07 | 13.55 | 10.53 | 7.37 | -12.41 |
As of: April 30, 2023
$14,261.00GROWTH OF $10,000 SINCE INCEPTION
Summary of Investment Portfolio as of April 30, 2023
TOP 10 COUNTRIES
Country | |
---|---|
United States | 29.0 % |
Japan | 3.4 % |
Canada | 1.8 % |
United Kingdom | 1.8 % |
France | 1.2 % |
Australia | 1.0 % |
Netherlands | 0.9 % |
Denmark | 0.8 % |
Switzerland | 0.7 % |
Italy | 0.7 % |
Total | 41.3 % |
Total # of Countries | 25 |
TOP 10 POSITIONS
Security | |
---|---|
Cash & Cash Equivalent | 2.4 % |
Government Of Bermuda 3.717% Jan 25/27 | 1.9 % |
Prologis LP 1.25% Oct 15/30 | 1.1 % |
Apple Inc. | 1.1 % |
Government of Ireland 1.35% Mar 18/31 | 1.1 % |
Verizon Communications 3.875% Feb 08/29 | 1.0 % |
Tesco Corp Treasury Services 2.75% Apr 27/30 | 1.0 % |
Republic of Panama 8.875% Sep 30/27 | 1.0 % |
NZ Local Govt Fund Agency 2.25% Apr 15/24 | 1.0 % |
Schneider Electric SE 0.875% Dec 13/26 | 1.0 % |
Top 10 Total | 12.6 % |
Total # of Securities | 469 |
SECTOR EXPOSURE
Sector | |
---|---|
Health Care | 7.3 % |
Information Technology | 7.1 % |
Consumer Staples | 6.0 % |
Financials | 5.7 % |
Industrials | 4.2 % |
Consumer Discretionary | 3.7 % |
Communication Services | 3.6 % |
Utilities | 2.4 % |
Energy | 1.8 % |
Materials | 1.6 % |
Other | 56.6 % |
Total | 100.0 % |
ASSET MIX
Asset breakdown | |
---|---|
Global Equity | 43.1 % |
Fixed Income – Government | 31.1 % |
Fixed Income – Corporate | 21.1 % |
Canadian Equity | 1.8 % |
Other | 3.0 % |
Total | 100.0 % |
REGIONAL MIX
Region | |
---|---|
North America | 57.3 % |
Europe | 23.0 % |
Asia | 12.4 % |
Latin America | 4.0 % |
Middle East | 0.4 % |
Africa | 0.0 % |
Other | 2.9 % |
Total | 100.0 % |
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