Lazard Global Balanced Income Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 475
- 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 | 7-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lazard Global Balanced Income Fund | 2.18 | 4.24 | 5.15 | 9.19 | 9.19 | 7.76 | 6.76 | 5.94 | 5.94 | ||
| Lazard Global Balanced Income Benchmark** | 0.99 | 3.08 | 3.72 | 7.37 | 7.37 | 10.45 | 8.05 | 8.28 | 8.43 | ||
| Calendar Year Performance (%) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | ||
|---|---|---|---|---|---|---|---|---|---|
| Lazard Global Balanced Income Fund | 7.03 | 0.89 | 10.95 | -0.09 | 11.23 | 3.03 | 9.19 | ||
| Lazard Global Balanced Income Benchmark** | 16.89 | 1.40 | 9.37 | -0.07 | 13.55 | 10.53 | 7.37 | ||
Summary of Investment Portfolio as of December 31, 2021
TOP 10 COUNTRIES
| Country | |
|---|---|
| United States | 36.8 % |
| Japan | 3.7 % |
| United Kingdom | 3.6 % |
| Canada | 2.3 % |
| Switzerland | 1.4 % |
| France | 1.2 % |
| Denmark | 1.2 % |
| Australia | 0.9 % |
| Ireland | 0.8 % |
| Netherlands | 0.7 % |
| Total | 52.6 % |
| Total # of Countries | 24 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Microsoft Corp. | 2.1 % |
| Apple Inc. | 1.5 % |
| Johnson & Johnson Inc. | 1.5 % |
| Cash & Cash Equivalent | 1.2 % |
| Intl Bk Recon + Develop 1.9% 16 Jan 2025 | 1.1 % |
| NZ Local Govt Fund Agency 2.25% Apr 15/24 | 1.1 % |
| Government Of Bermuda 3.717% Jan 25/27 | 1.1 % |
| Alphabet Inc | 1.1 % |
| Japan International Coop Agency 1.75% Apr 28/31 | 1.0 % |
| KfW 1.75% Sep 14/29 | 1.0 % |
| Top 10 Total | 12.7 % |
| Total # of Securities | 475 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Information Technology | 11.8 % |
| Financials | 8.4 % |
| Health Care | 7.9 % |
| Consumer Discretionary | 5.8 % |
| Industrials | 5.0 % |
| Consumer Staples | 4.8 % |
| Communication Services | 4.4 % |
| Real Estate | 2.4 % |
| Utilities | 2.1 % |
| Energy | 1.8 % |
| Other | 45.8 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Global Equity | 53.5 % |
| Fixed Income – Government | 25.4 % |
| Fixed Income – Corporate | 17.3 % |
| Canadian Equity | 2.3 % |
| Other | 1.6 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| North America | 60.9 % |
| Europe | 22.3 % |
| Asia | 12.4 % |
| Latin America | 2.7 % |
| Middle East | 0.0 % |
| Other | 1.7 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Bridgehouse Asset Managers® is a trade name of Brandes Investment Partners & Co. As manager of the Bridgehouse Funds, Bridgehouse has hired certain portfolio sub-advisors to the Funds. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Bridgehouse and its sub-advisors have taken reasonable steps to provide accurate and current data. The data has been gathered from sources believed to be reliable, however Bridgehouse and/or its sub-advisors are not responsible for any errors or omissions contained herein. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or its sub-advisors, which are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. 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 shown for the class selected.Performance is net of fees unless otherwise indicated.Indices are unmanaged and cannot be directly invested into. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.
