Lazard Emerging Markets Equity Portfolio
LAZARD FUNDS INC · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Lazard Emerging Markets Equity Portfolio is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The Portfolio seeks long-term capital appreciation.
The fund invests at least 80% of its assets in equity securities of companies in emerging market countries, selecting stocks that the manager believes are undervalued based on earnings, cash flow, or asset values. Holdings may include common stocks, American Depositary Receipts, and similar instruments across the countries in the MSCI Emerging Markets Index. Because returns depend on the manager's security selection, the fund's performance will diverge from any benchmark index.
| Share class | Gross | Net |
|---|---|---|
| LZOEX | 1.32% | 1.32% |
| LZEMX | 1.07% | 1.07% |
| RLEMX | 1.08% | 1.07% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 27.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 95.39% |
| Cash & short-term | 4.26% |
Latest quarter
What changed since the fund's previous filing
New: Aluminum Corp of China Ltd, CSG NV
Exited: Globalwafers Co Ltd, InPost SA, ASMPT Ltd, Mobile TeleSystems PJSC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +51.09% | +98.03% | +81.36% | 16.07% | -9.30% | |
| +51.46% | +99.59% | +83.60% | 16.12% | -9.22% | |
| +51.46% | +99.60% | +83.72% | 16.09% | -9.21% |
These classes hold the same portfolio, so the 2.36pp spread over 5 years is the cost difference between them — roughly 0.47pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co Ltd | 5.76% | $76.79 | $532.60M | 6.9M |
| — | SK hynix Inc | 5.55% | $1,764.32 | $513.25M | 290.9K |
| — | LAZARD GOVT MNY MMKT INS | 4.26% | — | $393.46M | — |
| — | Lenovo Group Ltd | 3.43% | $2.99 | $317.25M | 106.2M |
| — | MediaTek Inc | 2.64% | $136.55 | $244.29M | 1.8M |
| — | NetEase Inc | 2.13% | $25.74 | $196.30M | 7.6M |
| — | Wiwynn Corp | 1.93% | $146.74 | $178.73M | 1.2M |
| — | Tencent Holdings Ltd | 1.89% | $55.11 | $174.27M | 3.2M |
| — | ASE Technology Holding Co Ltd | 1.87% | $21.59 | $173.04M | 8.0M |
| — | China Construction Bank Corp | 1.86% | $1.03 | $171.93M | 166.9M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 31.34% of net assets, top 25 53.38%, across 88 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free