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Lazard Defensive Global Dividend Fund Series A

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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
(05-16-2025) 		$12.13
Change
$0.11 (0.93%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2022Jul 2023Jul 2024Apr 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Jul 2020Apr 2021Jan 2022Oct 2022Jul 2023Apr 2024Jan 2025$10,000$12,000$14,000$9,000$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): 8.78%

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 -3.79% -1.04% 4.22% 2.89% 15.65% 11.15% 10.22% 9.64% - - - - - -
Benchmark -2.97% -7.99% 0.02% -4.37% 12.05% 15.36% 12.95% 8.94% 12.87% 10.21% 10.09% 9.79% 11.46% 10.10%
Category Average -2.84% -4.14% 1.44% 0.30% 11.57% - - - - - - - - -
Category Rank 156 / 257 9 / 254 8 / 253 11 / 253 15 / 248 181 / 239 126 / 218 86 / 215 - - - - - -
Quartile Ranking 3 1 1 1 1 4 3 2 - - - - - -

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.53% -0.02% 6.23% 1.78% 1.44% -0.33% 3.79% -2.41% 3.97% 2.41% 0.44% -3.79%
Benchmark 3.15% 2.29% 2.79% 0.04% 2.54% 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97%

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 - - - - - - 157/ 213 35/ 215 216/ 224 171/ 244

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 58.75
International Equity 37.60
Cash and Equivalents 2.91
Canadian Equity 0.38
Income Trust Units 0.35
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 17.48
Financial Services 16.44
Healthcare 13.58
Telecommunications 9.62
Utilities 9.38
Other 33.50

Geographic Allocation

Geographic Allocation
Name Percent
North America 62.39
Asia 22.11
Europe 14.27
Latin America 0.90
Africa and Middle East 0.33

Top Holdings

Top Holdings
Name Percent
CASH 2.91
Gilead Sciences Inc 1.82
Altria Group Inc 1.68
Verizon Communications Inc 1.53
Orange SA 1.49
Colgate-Palmolive Co 1.48
Johnson & Johnson 1.46
Kimberly-Clark Corp 1.41
HSBC Holdings PLC 1.41
CME Group Inc Cl A 1.40

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 Return910111213141516174%6%8%10%12%14%16%18%

Lazard Defensive Global Dividend Fund Series A

Median

Other - Global Div & Inc Equity

3 Yr Annualized

Standard Deviation 8.85% - -
Beta 0.53% - -
Alpha 0.03% - -
Rsquared 0.53% - -
Sharpe 0.70% - -
Sortino 1.40% - -
Treynor 0.12% - -
Tax Efficiency 69.22% - -
Volatility 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 9.57% 8.85% - -
Beta 0.62% 0.53% - -
Alpha 0.08% 0.03% - -
Rsquared 0.37% 0.53% - -
Sharpe 1.18% 0.70% - -
Sortino 2.47% 1.40% - -
Treynor 0.18% 0.12% - -
Tax Efficiency 72.79% 69.22% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A67.9​67.984.3​84.30%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: A50.8​50.880.2​80.20%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: A68.7​68.784.5​84.50%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: A84.4​84.482.3​82.30%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.

View the full methodology

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) $36

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.

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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