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Lazard Global Balanced Income Fund - Series A

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(08-01-2025)
$9.97
Change
-$0.06 (-0.64%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$10,000$12,000$14,000$9,000$11,000$13,000Period

Legend

Lazard Global Balanced Income Fund - Series A

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Fund Returns

Inception Return (November 04, 2014): 4.35%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.64% 0.75% 3.10% 3.10% 10.18% 11.06% 9.52% 4.25% 4.85% 4.23% 4.20% 4.43% 4.79% 4.17%
Benchmark 2.53% 2.76% 3.35% 3.35% 12.62% 13.35% 12.58% 5.72% 6.67% 6.88% 6.64% 6.83% 7.12% 7.01%
Category Average 1.87% 2.93% 3.65% 3.65% 10.26% 10.24% 9.45% 4.13% 6.33% 5.50% 5.32% 5.21% 5.52% 4.98%
Category Rank 1,215 / 1,785 1,591 / 1,739 1,087 / 1,737 1,087 / 1,737 1,032 / 1,718 711 / 1,650 938 / 1,590 852 / 1,446 1,131 / 1,320 1,091 / 1,263 962 / 1,137 777 / 1,014 664 / 918 630 / 798
Quartile Ranking 3 4 3 3 3 2 3 3 4 4 4 4 3 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.38% 0.53% 1.21% -0.08% 2.47% -0.77% 3.34% 0.52% -1.50% -2.50% 1.67% 1.64%
Benchmark 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47% 2.53%

Best Monthly Return Since Inception

6.87% (January 2015)

Worst Monthly Return Since Inception

-4.27% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 5.81% -0.24% 9.75% -1.21% 9.97% 1.87% 7.91% -10.81% 7.45% 14.34%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.15%
Quartile Ranking 2 4 1 1 4 4 3 3 4 2
Category Rank 319/ 762 856/ 869 128/ 948 226/ 1,087 1,095/ 1,204 1,244/ 1,294 933/ 1,380 848/ 1,522 1,347/ 1,629 564/ 1,682

Best Calendar Return (Last 10 years)

14.34% (2024)

Worst Calendar Return (Last 10 years)

-10.81% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 38.61
Foreign Government Bonds 23.59
International Equity 17.09
Foreign Corporate Bonds 11.29
Cash and Equivalents 6.16
Other 3.26

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.35
Technology 12.70
Financial Services 9.46
Cash and Cash Equivalent 6.16
Healthcare 5.91
Other 29.42

Geographic Allocation

Geographic Allocation
Name Percent
North America 61.86
Europe 22.89
Asia 12.44
Latin America 2.23
Africa and Middle East 0.58

Top Holdings

Top Holdings
Name Percent
CASH 2.76
Amazon.com Inc 2.08
NVIDIA Corp 2.07
Microsoft Corp 1.66
United States Treasury 4.13% 15-Nov-2032 1.45
Apple Inc 1.36
United States Treasury 3.63% 15-Feb-2053 1.24
Novartis AG 1.14
Lockheed Martin Corp 1.07
Portugal Government 1.65% 16-Jul-2032 1.06

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return012345678910111213140%5%10%15%20%

Lazard Global Balanced Income Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 6.88% 7.10% 6.77%
Beta 0.84% 0.84% 0.86%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.92% 0.91% 0.89%
Sharpe 0.78% 0.35% 0.38%
Sortino 1.58% 0.41% 0.27%
Treynor 0.06% 0.03% 0.03%
Tax Efficiency 81.39% 62.93% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.36% 6.88% 7.10% 6.77%
Beta 0.90% 0.84% 0.84% 0.86%
Alpha -0.01% -0.01% -0.01% -0.02%
Rsquared 0.88% 0.92% 0.91% 0.89%
Sharpe 1.03% 0.78% 0.35% 0.38%
Sortino 2.02% 1.58% 0.41% 0.27%
Treynor 0.07% 0.06% 0.03% 0.03%
Tax Efficiency 83.47% 81.39% 62.93% -

Fund Details

Start Date November 04, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $10

Fund Codes

FundServ Code Load Code Sales Status
BIP185
BIP280
BIP285

Investment Objectives

The fundamental investment objective of Lazard Global Balanced Income Fund is to achieve long-term capital appreciation and to generate income by investing primarily in the equity and debt securities of issuers based around the globe. By combining equity and debt and periodically readjusting allocations, the Fund seeks to create a lower volatility pattern of returns when compared to global equities.

Investment Strategy

Lazard employs a team based approach in the management of the Fund. Lazard's strategy is founded on the philosophy that an understanding of the current economic environment can be coupled with research into the drivers of (and risks to) outperformance in the strategies it utilizes to create a portfolio aligned with the current economic cycle.

Portfolio Management

Portfolio Manager

Brandes Investment Partners & Co.

Sub-Advisor

Lazard Asset Management (Canada) Inc.

Lazard Asset Management LLC

Management and Organization

Fund Manager

Brandes Investment Partners & Co.

Custodian

State Street Trust Company Canada

Registrar

International Financial Data Services (Canada) Ltd

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.15%
Management Fee 1.65%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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