Lazard International Compounders Fund Series F (CAD)
- Distribution Frequency: Annually
- Number of Holdings: 44
- Total Net Assets: C$10 M
REASONS TO OWN
Lazard International Compounders seeks to generate strong relative returns over a full market cycle by investing solely in what Lazard calls “Compounders”. Lazard defines compounders as the world’s leading companies that can generate, and sustain, the highest levels of financial productivity (i.e., return on equity, return on capital and cashflow return on investment).
†Carbon Metrics as of June 30, 2021. Based on 91.07% of AUM. Data is based on long positions only. © 2021 Morningstar Research Inc. All rights reserved.
Features
- 40-50 of the most financially productive companies, outside the U.S.
- Fundamentally driven stock selection process, unconstrained by benchmarks
- Holdings demonstrate above market growth, low leverage and good ESG characteristics
- Typically low portfolio turnover
Benefits
- A repeatable and empirically validated investment philosophy
- Large global team of forward-looking, fundamentally driven research analysts
- Rigorous risk management process to limit factor risk
- Potential for long-term outperformance
Infographic
Find out four things a Compounder can add to your portfolio.
White Paper
Learn Lazard’s top four reasons to be in international equities now.
Videos
Barnaby Wilson, Lazard Managing Director & Portfolio Manager/Analyst, answers your key questions about the Lazard International Compounders Fund.
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | C$ | US$ | |
| A | 760 | 759 | |
| F | 762 | 763 | |
Inception: July 2 2020|Series F (CAD)|MER: 1.04 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|
| Lazard International Compounders Fund | 1.57 | 4.14 | 18.13 | 10.27 | 10.17 | 6.74 | ||
| MSCI AC World ex US Index | 1.96 | 2.22 | 19.96 | 8.83 | 9.36 | 7.29 | ||
| Calendar Year Performance (%) | 2021 | 2022 | ||
|---|---|---|---|---|
| Lazard International Compounders Fund | 9.88 | -14.68 | ||
| MSCI AC World ex US Index | 6.91 | -9.90 | ||
Summary of Investment Portfolio as of April 30, 2023
TOP 10 COUNTRIES
| Country | |
|---|---|
| United Kingdom | 20.9 % |
| France | 9.7 % |
| Canada | 9.1 % |
| Netherlands | 7.5 % |
| Denmark | 7.0 % |
| Japan | 6.2 % |
| Germany | 5.8 % |
| Sweden | 4.4 % |
| Hong Kong | 3.6 % |
| India | 3.6 % |
| Total | 77.8 % |
| Total # of Countries | 19 |
TOP 10 POSITIONS
| Security | |
|---|---|
| ASML Holding N.V. | 4.7 % |
| LVMH | 4.5 % |
| Aon PLC | 4.2 % |
| RELX Group | 4.1 % |
| HDFC Bank Ltd ADR | 3.6 % |
| Genmab AS | 3.3 % |
| Pernod Ricard SA | 3.1 % |
| Taiwan Semiconductor Sp ADR | 3.0 % |
| Unilever PLC | 3.0 % |
| Dollarama Inc | 2.8 % |
| Top 10 Total | 36.3 % |
| Total # of Securities | 44 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Financials | 19.1 % |
| Industrials | 18.1 % |
| Information Technology | 16.3 % |
| Consumer Discretionary | 13.9 % |
| Health Care | 11.8 % |
| Consumer Staples | 11.1 % |
| Communication Services | 7.3 % |
| Other | 2.4 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| Europe | 62.5 % |
| Asia | 20.2 % |
| North America | 10.9 % |
| Middle East | 2.2 % |
| Africa | 1.8 % |
| Other | 2.4 % |
| Total | 100.0 % |
RELATED DOCUMENTS
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