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Lazard Defensive Global Dividend Fund Series A

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Global Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-13-2026) 		$12.16
Change
-$0.03 (-0.26%)

As at April 30, 2026

As at April 30, 2026

As at April 30, 2026

Period
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Legend

Lazard Defensive Global Dividend Fund Series A

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Fund Returns

Inception Return (May 22, 2020): 9.79%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.12% 3.56% 8.26% 7.40% 14.93% 15.29% 12.40% 11.38% 10.68% - - - - -
Benchmark 7.58% 4.12% 5.12% 6.30% 29.61% 20.51% 19.92% 16.90% 12.79% 15.50% 12.79% 12.36% 11.83% 13.15%
Category Average 4.15% 2.15% 4.45% 4.33% 18.72% 15.09% - - - - - - - -
Category Rank 260 / 267 104 / 266 43 / 265 40 / 265 169 / 254 108 / 244 193 / 235 153 / 214 106 / 211 - - - - -
Quartile Ranking 4 2 1 1 3 2 4 3 3 - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.14% -0.01% 1.30% 3.28% 0.83% -0.49% 2.47% -1.63% 3.70% 6.70% -1.84% -1.12%
Benchmark 5.37% 3.64% 2.87% 1.95% 4.75% 2.78% -0.21% -0.91% 2.09% 2.25% -5.34% 7.58%

Best Monthly Return Since Inception

6.70% (February 2026)

Worst Monthly Return Since Inception

-4.45% (May 2023)

Calendar Return (%)

Calendar Return
Return % 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fund - - - - - 16.08% 0.24% 4.85% 19.19% 10.11%
Benchmark 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84% 16.60%
Category Average - - - - - - - - - 14.14%
Quartile Ranking - - - - - 3 1 4 3 4
Category Rank - - - - - 154/ 209 32/ 211 213/ 220 167/ 240 207/ 249

Best Calendar Return (Last 10 years)

19.19% (2024)

Worst Calendar Return (Last 10 years)

0.24% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 58.94
International Equity 35.76
Cash and Equivalents 2.37
Canadian Equity 2.04
Income Trust Units 0.89

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 14.74
Healthcare 12.48
Financial Services 11.49
Utilities 9.37
Technology 8.84
Other 43.08

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.24
Europe 22.45
Asia 12.87
Africa and Middle East 0.24
Latin America 0.20

Top Holdings

Top Holdings
Name Percent
CASH 2.37
Altria Group Inc 1.75
Johnson & Johnson 1.75
Telstra Corp Ltd 1.57
PepsiCo Inc 1.46
CLP Holdings Ltd 1.44
Lockheed Martin Corp 1.36
Automatic Data Processing Inc 1.35
Microsoft Corp 1.33
Colgate-Palmolive Co 1.30

Equity Style

. .

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Lazard Defensive Global Dividend Fund Series A

Median

Other - Global Div & Inc Equity

3 Yr Annualized

Standard Deviation 8.59% 8.84% -
Beta 0.37 0.47 -
Alpha 0.05 0.05 -
Rsquared 0.21% 0.41% -
Sharpe 0.99 0.87 -
Sortino 1.94 1.54 -
Treynor 0.23 0.16 -
Tax Efficiency 67.98% - -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.71% 8.59% 8.84% -
Beta 0.10 0.37 0.47 -
Alpha 0.12 0.05 0.05 -
Rsquared 0.02% 0.21% 0.41% -
Sharpe 1.37 0.99 0.87 -
Sortino 3.52 1.94 1.54 -
Treynor 1.22 0.23 0.16 -
Tax Efficiency 68.40% 67.98% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date May 22, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $45

Fund Codes

FundServ Code Load Code Sales Status
BIP430
BIP431
BIP432

Investment Objectives

The fundamental investment objective of Lazard Defensive Global Dividend Fund is to achieve long-term capital appreciation by investing primarily in the equity securities of issuers based around the globe. The Fund seeks to create a lower volatility pattern of returns when compared to global equities.

Investment Strategy

Lazard’s investment philosophy is implemented utilizing a quantitatively driven, bottom up stock selection process. A principal component of Lazard’s investment process for the Fund is volatility management. Volatility, a risk measurement, measures the magnitude of fluctuations in the value of a financial instrument or index over time.

Portfolio Management

Portfolio Manager

Brandes Investment Partners & Co.
Sub-Advisor

Lazard Asset Management (Canada) Inc.

  • Paul Moghtader
  • Susanne Willumsen
  • Taras Ivanenko
  • Peter Kashanek
  • Kurt Livermore
  • Ciprian Marin
  • Chris Pope
  • Craig Scholl
  • Alex Lai

Lazard Asset Management LLC

Management and Organization

Fund Manager

Brandes Investment Partners & Co.
Custodian

State Street Trust Company Canada
Registrar

International Financial Data Services (Canada) Ltd
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.19%
Management Fee 1.70%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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