Lazard International Compounders Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 41
- Total Net Assets: C$17 M
REASONS TO OWN
Features
- 40-50 of the most financially productive companies, outside the U.S.
- Fundamentally driven stock selection process, unconstrained by benchmarks
- Holdings demonstrate above market growth, low leverage and good ESG characteristics
- Typically low portfolio turnover
Benefits
- A repeatable and empirically validated investment philosophy
- Large global team of forward-looking, fundamentally driven research analysts
- Rigorous risk management process to limit factor risk
- Potential for long-term outperformance
Infographic
Find out four things a Compounder can add to your portfolio.
White Paper
Learn Lazard’s top four reasons to be in international equities now.
Videos
Barnaby Wilson, Lazard Managing Director & Portfolio Manager/Analyst, answers your key questions about the Lazard International Compounders Fund.
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 760 | 759 |
| F | - | 762 | 763 |
Inception: July 2 2020|Series F (CAD)|MER: 1.05 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|
| Lazard International Compounders Fund | 3.23 | 9.05 | 13.20 | 14.21 | 25.51 | 27.58 | ||
| MSCI AC World ex US Net (CAD) Index | 3.15 | 4.15 | 6.85 | 8.51 | 21.10 | 22.15 | ||
| Calendar Year Performance (%) | *2020 | ||
|---|---|---|---|
| Lazard International Compounders Fund | 16.35 | ||
| MSCI AC World ex US Net (CAD) Index | 16.40 | ||
Summary of Investment Portfolio as of August 31, 2021
TOP 10 COUNTRIES
| Country | |
|---|---|
| United Kingdom | 14.0 % |
| Japan | 9.4 % |
| Canada | 8.6 % |
| France | 7.5 % |
| Netherlands | 7.3 % |
| Denmark | 7.1 % |
| Sweden | 5.4 % |
| Germany | 5.0 % |
| Great Britain | 4.6 % |
| Hong Kong | 4.5 % |
| Total | 73.4 % |
| Total # of Countries | 20 |
TOP 10 POSITIONS
| Security | |
|---|---|
| ASML Holding N.V. | 5.2 % |
| Partners Group | 4.2 % |
| Toei Animation | 4.0 % |
| Taiwan Semiconductor Sp ADR | 3.6 % |
| HDFC Bank Ltd ADR | 3.4 % |
| Genmab AS | 3.2 % |
| Aon PLC | 3.2 % |
| RELX Group | 3.1 % |
| Toromont Industries Ltd | 3.0 % |
| LVMH | 2.9 % |
| Top 10 Total | 35.8 % |
| Total # of Securities | 41 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Financials | 21.9 % |
| Industrials | 16.2 % |
| Information Technology | 16.0 % |
| Consumer Discretionary | 12.7 % |
| Consumer Staples | 12.0 % |
| Health Care | 9.3 % |
| Communication Services | 9.2 % |
| Other | 2.8 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| Europe | 57.5 % |
| Asia | 25.3 % |
| North America | 8.6 % |
| Africa | 2.2 % |
| Middle East | 1.9 % |
| Latin America | 1.7 % |
| Other | 2.8 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Performance is shown for the class selected. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or Lazard Asset Management, which are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. Bridgehouse and Lazard Asset Management 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 Lazard Asset Management are not responsible for any errors or omissions contained herein. As the manager of the Bridgehouse Funds, Bridgehouse has hired Lazard Asset Management (Lazard) as portfolio sub-advisor in respect of certain of the Bridgehouse Funds. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Indices 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. 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. Performance is net of fees.
