Lazard Global Balanced Income Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 444
- Total Net Assets: C$25 M
REASONS TO OWN
Features
- Holds global high yield equities, global low volatility equities and global fixed income
- Seeks to add value through security selection and asset allocation
- Ability to actively change allocation to equities and fixed income
- Foreign currency exposure is dynamically hedged back into Canadian Dollars
- 4% targeted annual distribution, paid monthly
Benefits
- Provides access to a variety of income sources from outside of Canada
- Offers two sources of potential alpha generation through all market cycles
- Can re-position to participate in rising markets and defend in declining markets
- Manages foreign currency risk with the goal of reducing volatility and generating returns
- Provides a monthly income stream
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 185 | 187 |
| A | DSC | 280 | 287 |
| A | LL | 285 | 288 |
| F | - | 588 | 589 |
Inception: November 4 2014|Series F (CAD)|MER: 0.98 %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 | -3.46 | 0.88 | 5.25 | 4.75 | 7.43 | 5.16 | 6.03 | 5.52 | ||
| Lazard Global Balanced Income Benchmark** | -2.48 | 0.62 | 4.03 | 4.16 | 9.70 | 8.18 | 7.37 | 8.28 | ||
| Calendar Year Performance (%) | *2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|---|---|---|
| Lazard Global Balanced Income Fund | 0.87 | 7.03 | 0.89 | 10.95 | -0.09 | 11.23 | 3.03 | ||
| Lazard Global Balanced Income Benchmark** | 2.24 | 16.89 | 1.40 | 9.37 | -0.07 | 13.55 | 10.53 | ||
Summary of Investment Portfolio as of September 30, 2021
TOP 10 COUNTRIES
| Country | |
|---|---|
| United States | 36.2 % |
| Japan | 4.1 % |
| United Kingdom | 3.5 % |
| Canada | 2.4 % |
| Denmark | 1.3 % |
| Switzerland | 1.3 % |
| France | 1.2 % |
| Netherlands | 0.8 % |
| Ireland | 0.8 % |
| Australia | 0.6 % |
| Total | 52.2 % |
| Total # of Countries | 24 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Cash & Cash Equivalent | 5.3 % |
| Microsoft Corp. | 1.9 % |
| Apple Inc. | 1.7 % |
| Johnson & Johnson Inc. | 1.5 % |
| Government of Czech Republic 2.00% Oct 13/33 | 1.3 % |
| Alphabet Inc | 1.1 % |
| Government Of Bermuda 3.717% Jan 25/27 | 1.1 % |
| Republic of Panama 8.875% Sep 30/27 | 1.1 % |
| Japan International Coop Agency 1.75% Apr 28/31 | 1.0 % |
| Neder Waterschapsbank 0.5% Dec 02/25 | 1.0 % |
| Top 10 Total | 17.0 % |
| Total # of Securities | 444 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Information Technology | 12.1 % |
| Financials | 9.0 % |
| Health Care | 7.8 % |
| Consumer Discretionary | 6.4 % |
| Communication Services | 5.0 % |
| Industrials | 4.7 % |
| Consumer Staples | 4.6 % |
| Real Estate | 2.1 % |
| Energy | 1.8 % |
| Utilities | 1.8 % |
| Other | 44.7 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Global Equity | 54.1 % |
| Fixed Income – Government | 23.8 % |
| Fixed Income – Corporate | 16.9 % |
| Canadian Equity | 2.4 % |
| Other | 2.8 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| North America | 59.7 % |
| Europe | 23.0 % |
| Asia | 11.3 % |
| Latin America | 3.2 % |
| Other | 2.8 % |
| Total | 100.0 % |
RELATED DOCUMENTS
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