Lazard Emerging Markets Equity (I Class) - Managed Fund

Fund Objective

The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the MSCI Emerging Markets Index ('the benchmark') by 3% per annum over rolling five-year periods.

Fund Strategy

The investment strategy of the Fund is to provide investors with access to investments; (including equity and equity like securities; such as American and global depository receipts and securities convertible into equity securities); in emerging markets but; excludes companies engaged in manufacturing tobacco related products as identified in the Global Industry Classification Standard (GICS) industry.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	7.29%	10.41%	22.59%	31.06%	26.25%	25.23%	16.79%	9.57%
Growth return	7.29%	10.41%	13.29%	21.12%	17.56%	17.45%	10%	3.86%
Income return	0%	0%	9.3%	9.94%	8.69%	7.78%	6.79%	5.71%
Market index (MSCI EM NR AUD)
Total return	5.47%	11.2%	24.53%	27.98%	24.51%	20.16%	8.98%	8.62%

As at 31 Oct 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

General Information

Fund Details

Type	Description
Fund Name	Lazard Emerging Markets Equity (I Class)
Responsible Entity	Lazard Asset Management Pacific Co
APIR Code	LAZ0003AU
Sector/Asset Class	Equity Emerging Markets
Morningstar Rating	(as at 31 Oct 2025)
Legal Structure	Investment Fund
Fund Inception	22 Oct 1997
Fund Size	$350.1 million (as at 17 Nov 2025)
Entry Price	$2.0271 (as at 17 Nov 2025)
Exit Price	$2.0129 (as at 17 Nov 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.15% (as at 20 Jun 2025)
Indirect Cost Ratio (ICR)	1.15% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2025)

Holding (as at 30 Sep 2025)	Type	% of Portfolio
Taiwan Semiconductor Manufacturing Co Ltd	Equity	4.36%
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FAQs about the Lazard Emerging Markets Equity (I Class)

What is the objective of the Lazard Emerging Markets Equity (I Class) managed fund?

The objective of the Lazard Emerging Markets Equity (I Class) managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the MSCI Emerging Markets Index ('the benchmark') by 3% per annum over rolling five-year periods.

What is the strategy for the Lazard Emerging Markets Equity (I Class) managed fund?

The strategy of the Lazard Emerging Markets Equity (I Class) managed fund is The investment strategy of the Fund is to provide investors with access to investments; (including equity and equity like securities; such as American and global depository receipts and securities convertible into equity securities); in emerging markets but; excludes companies engaged in manufacturing tobacco related products as identified in the Global Industry Classification Standard (GICS) industry.

What is the APIR code of the Lazard Emerging Markets Equity (I Class) managed fund?

The APIR code of the Lazard Emerging Markets Equity (I Class) managed fund is LAZ0003AU.

What was Lazard Emerging Markets Equity (I Class)’s total return last month?

Lazard Emerging Markets Equity (I Class)’s total return last month was 7.29%. This was made up of a growth return of 7.29% and an income return of 0%. These returns were calculated as at 31 Oct 2025.

What was Lazard Emerging Markets Equity (I Class)’s total return for the last three months?

Lazard Emerging Markets Equity (I Class)’s total return for the last three months was 10.41%. This was made up of a growth return of 10.41% and an income return of 0%%. These returns were calculated as at 31 Oct 2025.

What is Lazard Emerging Markets Equity (I Class)’s one-year total return?

Lazard Emerging Markets Equity (I Class)’s one-year total return is 31.06%. This was made up of a growth return of 21.12% and an income return of 9.94%. These returns were calculated as at 31 Oct 2025.

What is Lazard Emerging Markets Equity (I Class)’s three-year total return?

Lazard Emerging Markets Equity (I Class)’s one-year total return is 25.23%. This was made up of a growth return of 17.45% and an income return of 7.78%. These returns were calculated as at 31 Oct 2025.

What is the asset allocation of the Lazard Emerging Markets Equity (I Class) managed fund?

The asset allocation of the Lazard Emerging Markets Equity (I Class) managed fund is :

International Equities: 94.32%

Cash: 5.68%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Lazard Emerging Markets Equity (I Class) managed fund?

The Responsible Entity for the Lazard Emerging Markets Equity (I Class) managed fund is Lazard Asset Management Pacific Co.

What sector/asset class does the Lazard Emerging Markets Equity (I Class) managed fund belong to?

The Lazard Emerging Markets Equity (I Class) managed fund belongs to the Equity Emerging Markets sector/asset class.

What is the size of the Lazard Emerging Markets Equity (I Class) managed fund?

As at 17 Nov 2025, the size of the Lazard Emerging Markets Equity (I Class) managed fund was $350.1 million.

What is the inception date of the Lazard Emerging Markets Equity (I Class) managed fund?

The Lazard Emerging Markets Equity (I Class) managed fund has an inception date of 22 Oct 1997.

What is the current entry price of the Lazard Emerging Markets Equity (I Class) managed fund?

The current entry price of the Lazard Emerging Markets Equity (I Class) managed fund is $2.0271 per unit and the current exit price is $2.0129 per unit (as at 17 Nov 2025).

What is the current exit price of the Lazard Emerging Markets Equity (I Class) managed fund?

The current exit price of the Lazard Emerging Markets Equity (I Class) managed fund is $2.0129 per unit and the current entry price is $2.0271 per unit (as at 17 Nov 2025).

What is the minimum investment amount for the Lazard Emerging Markets Equity (I Class) managed fund?

The minimum initial investment amount for the Lazard Emerging Markets Equity (I Class) managed fund is $20,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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