Lazard Global Balanced Income Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 362
- Total Net Assets: C$28 M
REASONS TO OWN
The Lazard Global Balanced Income Fund is a multi-asset portfolio designed to produce lower volatility while generating income and long-term growth. This is achieved through dynamic allocation to specialized Lazard investment portfolios covering a range of asset classes.
Features
- Holds global high yield equities, global low volatility equities and global fixed income
- Seeks to add value through security selection and asset allocation
- Ability to actively change allocation to equities and fixed income
- Foreign currency exposure is dynamically hedged back into Canadian Dollars
- 4% targeted annual distribution, paid monthly
Benefits
- Provides access to a variety of income sources from outside of Canada
- Offers two sources of potential alpha generation through all market cycles
- Can re-position to participate in rising markets and defend in declining markets
- Manages foreign currency risk with the goal of reducing volatility and generating returns
- Provides a monthly income stream
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 185 | 187 |
| A | DSC | 280 | 287 |
| A | LL | 285 | 288 |
| F | - | 588 | 589 |
Inception: November 4 2014|Series F (CAD)|MER: 0.99 %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 | -1.41 | -0.96 | 1.40 | -0.96 | 0.56 | 3.44 | 4.54 | 4.88 | ||
| Lazard Global Balanced Income Benchmark** | -1.30 | -0.27 | 5.49 | 3.59 | 5.74 | 5.72 | 6.31 | 7.68 | ||
| 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: October 31, 2020
$13,304.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 COUNTRIES
| Country | |
|---|---|
| United States | 28.9 % |
| Japan | 4.7 % |
| United Kingdom | 1.3 % |
| Switzerland | 1.3 % |
| Canada | 1.1 % |
| Australia | 0.9 % |
| Denmark | 0.8 % |
| France | 0.8 % |
| Netherlands | 0.8 % |
| Ireland | 0.6 % |
| Total | 41.2 % |
| Total # of Countries | 23 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Apple Inc. | 2.5 % |
| Government of Czech Republic 2.00% Oct 13/33 | 1.8 % |
| United States Treasury Notes 2.875% Aug 15/28 | 1.8 % |
| Microsoft Corp. | 1.6 % |
| Facebook Inc. A | 1.5 % |
| Cash & Cash Equivalent | 1.5 % |
| NZ Local Govt Fund Agency 4.50% Apr 15/27 | 1.3 % |
| United States Treasury Notes 2.125% May 15/25 | 1.2 % |
| New South Wales Treasury Corp 3.00% Feb 20/30 | 1.2 % |
| Government of France 1.75% Jun 25/39 | 1.1 % |
| Top 10 Total | 15.5 % |
| Total # of Securities | 362 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Information Technology | 10.1 % |
| Health Care | 6.7 % |
| Consumer Staples | 5.7 % |
| Communication Services | 4.5 % |
| Financials | 4.3 % |
| Consumer Discretionary | 4.1 % |
| Industrials | 3.9 % |
| Utilities | 1.5 % |
| Materials | 1.4 % |
| Real Estate | 1.2 % |
| Other | 56.6 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Global Equity | 42.9 % |
| Fixed Income – Government | 30.3 % |
| Fixed Income – Corporate | 23.9 % |
| Canadian Equity | 1.1 % |
| Other | 1.9 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| North America | 59.9 % |
| Europe | 22.1 % |
| Asia | 12.4 % |
| Latin America | 3.4 % |
| Africa | 0.4 % |
| Middle East | 0.0 % |
| Other | 1.8 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Fund Commentary - Lazard Global Balanced Income Fund
Manager Commentary - Lazard
Prospectus Documents (page)
Portfolio Listings - Lazard Global Balanced Income Fund 
Interim MRFP - Lazard Global Balanced Income Fund
MRFP - Lazard Global Balanced Income Fund
Monthly Profile Sheet - Lazard Global Balanced Income Fund - Series A
Monthly Profile Sheet – Lazard Global Balanced Income Fund – Series F
The Fund is relying on Ontario Instrument 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds in order to
extend the prospectus renewal timing requirements set out in section 62 of the Securities Act (Ontario) by up to 45 days. The current lapse date of the Fund
is May 13, 2020.
