REASONS TO OWN
Lazard Global Compounders seeks to generate strong relative returns over a full market cycle by investing solely in what Lazard calls “Compounders”. Lazard defines compounders as the world’s leading companies that can generate, and sustain, the highest levels of financial productivity (i.e., return on equity, return on capital, and cashflow return on investment).
†Carbon Metrics as of June 30, 2021. Based on 91.07% of AUM. Data is based on long positions only. © 2021 Morningstar Research Inc. All rights reserved.
Features
- 40-50 of the world’s leading companies
- Fundamentally driven stock selection process, unconstrained by benchmarks
- Holdings demonstrate: above market growth, low leverage and good ESG characteristics
- Typically low portfolio turnover
Benefits
- A repeatable and empirically validated investment philosophy
- Large global team of forward-looking, fundamentally driven research analysts
- Rigorous risk management process to limit factor risk
- Potential for long-term outperformance
Infographic
Find out four things a Compounder can add to your portfolio.
Videos
Barnaby Wilson, Lazard Managing Director & Portfolio Manager/Analyst, answers your key questions about the Lazard Global Compounders Fund.
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | C$ | US$ | |
| A | 460 | 470 | |
| AH | 498 | - | |
| F | 462 | 471 | |
| FH | 463 | - | |
Inception: May 9 2016|Series FH (CAD)|MER: 1.12 %PERFORMANCE: Series FH (CAD) | as of August 31 2023
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | 7-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lazard Global Compounders Fund (Hedged) | -1.08 | 6.38 | 9.64 | 12.12 | 10.91 | 7.47 | 8.72 | 10.81 | 10.86 | ||
| Calendar Year Performance (%) | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Lazard Global Compounders Fund (Hedged) | 21.98 | -9.30 | 32.48 | 19.03 | 25.27 | -19.44 | ||
As of: August 31, 2023
$21,272.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 COUNTRIES
| Country | |
|---|---|
| United States | 60.5 % |
| United Kingdom | 6.5 % |
| Japan | 5.8 % |
| Canada | 4.5 % |
| Netherlands | 4.1 % |
| Ireland | 3.7 % |
| Sweden | 3.1 % |
| Taiwan | 2.7 % |
| India | 2.4 % |
| Switzerland | 1.8 % |
| Total | 95.1 % |
| Total # of Countries | 13 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Alphabet Inc | 5.3 % |
| Microsoft Corp. | 4.7 % |
| Aon PLC | 4.1 % |
| S&P Global Inc | 3.9 % |
| Accenture Plc Cl A | 3.7 % |
| Visa Inc. | 3.3 % |
| Zoetis Inc | 3.2 % |
| IQVIA Holdings Inc | 3.2 % |
| Thermo Fisher Scientific Inc. | 3.1 % |
| Adobe Systems Inc | 3.0 % |
| Top 10 Total | 37.5 % |
| Total # of Securities | 41 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Information Technology | 31.6 % |
| Industrials | 16.9 % |
| Financials | 14.3 % |
| Health Care | 14.1 % |
| Communication Services | 9.1 % |
| Consumer Discretionary | 7.1 % |
| Consumer Staples | 5.3 % |
| Other | 1.7 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| North America | 65.0 % |
| Europe | 19.0 % |
| Asia | 13.3 % |
| Africa | 1.0 % |
| Other | 1.7 % |
| Total | 100.0 % |
RELATED DOCUMENTS & MEDIA
Bridgehouse Asset Managers® is a trade name of Brandes Investment Partners & Co. As manager of the Bridgehouse Funds, Bridgehouse has hired certain portfolio sub-advisors to the Funds. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Bridgehouse and its sub-advisors have taken reasonable steps to provide accurate and current data. The data has been gathered from sources believed to be reliable, however Bridgehouse and/or its sub-advisors are not responsible for any errors or omissions contained herein. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or its sub-advisors, which are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. Securities mentioned herein are not to be construed as a recommendation to buy or sell. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Performance is shown for the class selected.Performance is net of fees unless otherwise indicated.Indices are unmanaged and cannot be directly invested into. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.
