Lazard Global Balanced Income Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 366
- Total Net Assets: C$26 M
REASONS TO OWN
Features
- Holds global high yield equities, global low volatility equities and global fixed income
- Seeks to add value through security selection and asset allocation
- Ability to actively change allocation to equities and fixed income
- Foreign currency exposure is dynamically hedged back into Canadian Dollars
- 4% targeted annual distribution, paid monthly
Benefits
- Provides access to a variety of income sources from outside of Canada
- Offers two sources of potential alpha generation through all market cycles
- Can re-position to participate in rising markets and defend in declining markets
- Manages foreign currency risk with the goal of reducing volatility and generating returns
- Provides a monthly income stream
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 185 | 187 |
| A | DSC | 280 | 287 |
| A | LL | 285 | 288 |
| F | - | 588 | 589 |
Inception: November 4 2014|Series F (CAD)|MER: 1.20 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Lazard Global Balanced Income Fund | 0.26 | 2.37 | 3.86 | 11.23 | 11.23 | 7.23 | 5.89 | 5.89 | ||
| Lazard Global Balanced Income Benchmark** | 0.42 | 3.02 | 4.82 | 13.55 | 13.55 | 7.46 | 8.02 | 8.23 | ||
| Calendar Year Performance (%) | *2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||
|---|---|---|---|---|---|---|---|---|
| Lazard Global Balanced Income Fund | 0.87 | 7.03 | 0.89 | 10.95 | -0.09 | 11.23 | ||
| Lazard Global Balanced Income Benchmark** | 2.24 | 16.89 | 1.40 | 9.37 | -0.07 | 13.55 | ||
As of: December 31, 2019
$13,431.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 COUNTRIES
| Country | |
|---|---|
| United States | 26.2 % |
| Japan | 4.1 % |
| Canada | 3.8 % |
| Australia | 2.0 % |
| United Kingdom | 1.6 % |
| Switzerland | 1.6 % |
| Italy | 1.2 % |
| France | 0.8 % |
| Spain | 0.7 % |
| Netherlands | 0.7 % |
| Total | 42.7 % |
| Total # of Countries | 23 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Lazard Emerging Markets Multi Asset Fund Class I | 11.2 % |
| Cash & Cash Equivalent | 2.8 % |
| United States Treasury Notes 2.125% May 15/25 | 1.6 % |
| Government of Poland 1.00% May 25/28 | 1.3 % |
| KfW 2.75% Apr 16/20 | 1.3 % |
| Government of Czech Republic 1.00% Nov 19/27 | 1.3 % |
| Apple Inc. | 1.2 % |
| United States Treasury Notes 2.875% Aug 15/28 | 1.2 % |
| Microsoft Corp. | 1.1 % |
| Republic of Panama 4.00% Sep 22/24 | 1.1 % |
| Top 10 Total | 24.1 % |
| Total # of Securities | 366 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Investment Funds | 11.2 % |
| Financials | 7.3 % |
| Health Care | 6.4 % |
| Information Technology | 6.2 % |
| Consumer Discretionary | 5.0 % |
| Consumer Staples | 4.6 % |
| Industrials | 4.6 % |
| Communication Services | 3.1 % |
| Utilities | 2.9 % |
| Real Estate | 2.3 % |
| Other | 46.4 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Global Equity | 52.8 % |
| Fixed Income – Government | 24.6 % |
| Fixed Income – Corporate | 13.8 % |
| Canadian Equity | 3.8 % |
| Other | 5.0 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| North America | 51.6 % |
| Europe | 21.0 % |
| Asia | 10.9 % |
| Latin America | 1.8 % |
| Middle East | 0.2 % |
| Other | 14.5 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Performance is shown for the class selected. The foregoing reflects the thoughts and opinions of Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers™ exclusively and is subject to change without notice. Bridgehouse has taken reasonable steps to provide current, accurate information from sources believed to be reliable however Bridgehouse is not responsible for any errors or omissions contained herein. As manager of the Bridgehouse Funds, Bridgehouse has hired Brandes Investment Partners, L.P., Sionna Investment Managers Inc., TD Asset Management Inc., and Lazard Asset Management, Inc. as portfolio sub-advisors in respect of the Bridgehouse Funds. Units of the Bridgehouse Funds are available through registered dealers only. Indexes are unmanaged and cannot be directly invested into. 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 net of fees.
