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Lazard Developing Markets C Inc

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  • Dividend History
Fund Provider Lazard Fund Managers Limited
Fund Summary The objective of the Sub-Fund is to achieve capital growth over at least 5 years. The Sub-Fund will invest at least 70% in equity and equity-related securities of, or relating to, companies domiciled, incorporated, listed in, or which have a significant portion of their business in Developing Market Countries (as defined below). Such securities may include exchange traded and over-the-counter common and preferred stocks, warrants, rights (which are issued by a company to allow holders to subscribe for additional securities issued by that company), depositary receipts and preference shares. The Sub-Fund is actively managed and may invest in any industry sector. “Developing Market Countries” includes all countries not represented in the MSCI US Index or the MSCI EAFE Index. The Sub-Fund may also invest in units or shares of other collective investment schemes (which may also include exchange traded funds and listed closed ended vehicles), investment grade government, corporate fixed income securities including convertible debt securities. The Sub-Fund may invest in shares or units of collective investment schemes which are managed or operated by the ACD or an associate of the ACD. The Sub-Fund may use derivatives and forward transactions for the purposes of efficient portfolio management. The ACD considers that the use of derivatives for this purpose is not likely to affect the volatility or risk profile of the Sub-Fund. While the Sub-Fund investments will have no direct connection to any specific index or to any sector or industry weights, for performance reporting purposes, a comparison will be made against the MSCI Emerging Markets Index. However, the Sub-Fund is not constrained by this Index, and nor does the Sub-Fund seek to target the performance of this Index. The ACD believes this is a realistic comparator for the Sub-Fund based on the policy of the Sub-fund and the constituents of the Index. In certain documents, we may wish to show the performance of the
SEDOL code B8HCWS6
ISIN GB00B8HCWS66
Fund code LZDVI
Managers Kevin O'Hare, Peter Gillespie
Manager Tenure 10 years
Morningstar Category Global Emerging Markets Equity
IMA Sector Global Emerging Markets
Fund Size £33 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 1.15%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.1270
Buy Price £1.1270
Price Change +0.1778%
Price Date 2nd June 2020
Yield 0.81%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 19th June 2013
Fund Status OPEN
Kevin O'Hare is a Portfolio Manager/Analyst on the Developing Markets Equity team, focusing on the technology, health care, telecommunications and consumer discretionary sectors. He began working in the investment field in 1991. Prior to joining Lazard in 2001, Kevin was with Merrill Lynch, and Moore Capital Management. Kevin has an MBA in Finance from St. John's University and a BS in Finance from King's College.

3-year Mean Monthly Return: 0.157%

Annual Returns 2019 2018 2017 2016 2015 2014 2013
Fund Performance -16.58% -2.64% +10.44% +42.54% -1.89% +1.38% -13.64%
Benchmark Performance
(Global Emerging Markets Equity)
-14.75% -1.83% +8.88% +33.47% -8.25%
Time Period Cumulative Benchmark Performance
(Global Emerging Markets Equity)
Fund Compared to Benchmark
1 day 0.15% -10.72% +10.87%
1 week 2.73% +5.02% -2.29%
1 month 7.07% -3.77% +10.83%
3 months -3.27% -6.95% +3.68%
6 months -7.13% -3.54% -3.59%
1 year -0.76% +0.57% -1.33%
3 years 0.89% +5.25% -4.35%
5 years 7.31% +4.41% +2.90%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -11.26% +2.41% -13.67%
Since inception 4.55% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Alibaba Group Holding Ltd ADR CHN 5.99%
Tencent Holdings Ltd CHN 5.98%
Samsung Electronics Co Ltd KOR 4.84%
HDFC Bank Ltd ADR IND 2.74%
Sberbank of Russia PJSC RUS 2.47%
ICICI Bank Ltd ADR IND 2.37%
New Oriental Education & Technology Group Inc ADR CHN 2.36%
Capitec Bank Holdings Ltd ZAF 2.11%
Bank Rakyat Indonesia (Persero) Tbk Class B IDN 2.04%
NetEase Inc ADR CHN 2.03%
Dividend Date Per share amount Reinvestment Price
1st April 2020 0.0001 £0.9604
1st October 2019 0.0099 £1.2163
1st October 2018 0.0081 £1.1298
2nd October 2017 0.0031 £1.1950