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Lazard Defensive Global Dividend Fund Series A

Global Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(10-09-2025)
$12.46
Change
$0.02 (0.19%)

As at September 30, 2025

As at September 30, 2025

As at September 30, 2025

Period
Created with Highcharts 10.3.3Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Jan 2021Oct 2021Jul 2022Apr 2023Jan 2024Oct 2024Jul 2025$10,000$12,000$14,000$16,000$11,000$13,000$15,000Period

Legend

Lazard Defensive Global Dividend Fund Series A

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Fund Returns

Inception Return (May 22, 2020): 9.38%

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 0.83% 5.49% 2.65% 9.77% 10.82% 16.89% 14.47% 10.16% 9.67% - - - - -
Benchmark 4.75% 9.85% 16.40% 14.73% 20.82% 25.87% 23.58% 12.69% 14.46% 13.83% 12.29% 12.49% 12.56% 12.37%
Category Average 2.69% 5.88% 9.49% 13.03% 13.74% - - - - - - - - -
Category Rank 250 / 260 143 / 255 244 / 250 179 / 245 212 / 245 214 / 234 202 / 212 139 / 207 191 / 205 - - - - -
Quartile Ranking 4 3 4 3 4 4 4 3 4 - - - - -

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%
Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -0.33% 3.79% -2.41% 3.97% 2.41% 0.44% -3.79% 1.14% -0.01% 1.30% 3.28% 0.83%
Benchmark 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97% 5.37% 3.64% 2.87% 1.95% 4.75%

Best Monthly Return Since Inception

6.23% (July 2024)

Worst Monthly Return Since Inception

-4.45% (May 2023)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 16.08% 0.24% 4.85% 19.19%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - 3 1 4 3
Category Rank - - - - - - 150/ 205 31/ 207 209/ 216 164/ 236

Best Calendar Return (Last 10 years)

19.19% (2024)

Worst Calendar Return (Last 10 years)

0.24% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 61.36
International Equity 34.86
Cash and Equivalents 2.01
Canadian Equity 1.04
Income Trust Units 0.73

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 17.42
Financial Services 13.85
Healthcare 12.36
Telecommunications 9.51
Utilities 8.56
Other 38.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.95
Asia 22.75
Europe 11.76
Latin America 0.53
Other 0.01

Top Holdings

Top Holdings
Name Percent
CASH 2.01
Altria Group Inc 1.83
Johnson & Johnson 1.69
Orange SA 1.63
Merck & Co Inc 1.60
Kimberly-Clark Corp 1.59
PepsiCo Inc 1.56
Verizon Communications Inc 1.49
Nippon Telegraph and Telephone Corp 1.48
CLP Holdings Ltd 1.48

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return8910111213141510%12%14%16%18%20%22%24%26%

Lazard Defensive Global Dividend Fund Series A

Median

Other - Global Div & Inc Equity

3 Yr Annualized

Standard Deviation 8.12% 8.87% -
Beta 0.48% 0.51% -
Alpha 0.03% 0.02% -
Rsquared 0.38% 0.47% -
Sharpe 1.22% 0.79% -
Sortino 2.50% 1.29% -
Treynor 0.21% 0.14% -
Tax Efficiency 77.88% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.19% 8.12% 8.87% -
Beta 0.39% 0.48% 0.51% -
Alpha 0.03% 0.03% 0.02% -
Rsquared 0.26% 0.38% 0.47% -
Sharpe 0.94% 1.22% 0.79% -
Sortino 1.56% 2.50% 1.29% -
Treynor 0.20% 0.21% 0.14% -
Tax Efficiency 62.21% 77.88% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A53.653.660.460.40%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A29.329.353.453.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A56.156.164.664.60%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A79.179.161.461.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date May 22, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
BIP430
BIP431
BIP432

Investment Objectives

The fundamental investment objective of Lazard Defensive Global Dividend Fund is to achieve long-term capital appreciation by investing primarily in the equity securities of issuers based around the globe. The Fund seeks to create a lower volatility pattern of returns when compared to global equities.

Investment Strategy

Lazard’s investment philosophy is implemented utilizing a quantitatively driven, bottom up stock selection process. A principal component of Lazard’s investment process for the Fund is volatility management. Volatility, a risk measurement, measures the magnitude of fluctuations in the value of a financial instrument or index over time.

Portfolio Management

Portfolio Manager

Brandes Investment Partners & Co.

Sub-Advisor

Lazard Asset Management (Canada) Inc.

  • Paul Moghtader
  • Susanne Willumsen
  • Taras Ivanenko
  • Peter Kashanek
  • Kurt Livermore
  • Ciprian Marin
  • Chris Pope
  • Craig Scholl
  • Alex Lai

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 2.19%
Management Fee 1.70%
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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