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Lazard European HighYield
| Publications | Investment Objective | Investment Philosophy | Investment Strategy |
| Fund Facts | Prospectus and Information |
 
Publications
 
* Available in German only.

News
  • Changes in the terms of contract of the Lazard-European HighYield fund (ISIN: DE0005319016)

    To the shareholders of the Lazard-European HighYield mutual fund

    Dear Ladies and Gentlemen,

    In accordance with the „Investmentänderungsgesetz” (“Change of Investment”-Act) enacted on December 28th, 2007 we are obliged to align all fund relating terms of contract to the new law. With the implementation of the new terms of contract, we oriented ourselves closely to the drafts provided by the German BVI Bundesverband Investment und Asset Management e.V..

    There are no changes to the investment guidelines and/or fees in conjunction with the alignment of the specific and general terms of contract to the new wording. The adapted terms of contract will become effective May 1st, 2010.

    Independently from the above, the fees and refund procedures of the custodian for the fund will change in accordance to § 7 para. 2 clause 2 of the specific terms of contract. Further details will be provided within the new fund prospectus which is made available as of May 1st, 2010.

    For further information please contact your relationship manager.

    Frankfurt am Main, Germany – January 2010

    Lazard Asset Management
    (Deutschland) GmbH

    The Management

    Please note that the contractual terms provided are in German only.

  • Changes to the contractual terms
Investment Objective
  • Above average total returns in Euros through diversified investments in European high yield bonds
Investment Objective
  • Above average total returns in Euros through diversified investments in European high yield bonds
Investment Philosophy
  • Investment in corporate bonds with a rating below investment grade
  • The fund mainly (51% or more) invests in fixed income securities with a minimum rating of B+ (Standard & Poor’s) or B1 (Moody’s)
  • Investment in corporate bonds with sufficient liquidity
Investment Strategy

The Lazard European HighYield invests in high yields of issuers domiciled in the European Union or another state party to the Convention on the European Economic Area.
Fund Facts

WKN (sec.identification no.): 531 901

Launch date: 02. November 2000

Investment Manager: Lazard Asset Management
(Deutschland) GmbH

Custodian: LBBW
Grosse Bleiche 54-56
D-55098 Mainz

Investment horizon: medium-term to long-term

Fund currency: Euro

Issuing subscription price: 50 Euro

Initial charge: 3 %

Annual charge: 0.95 % p. a.

Recommended minimum investment: 2,500 Euro

Fiscal year end: March 31st

Distribution policy: distributing

Dividend payment date: May
   

Prospectus and Information

Source: Lazard Asset Management (Deutschland) GmbH. This publication is for information only and is not intended to constitute investment advice.

Investors are reminded that the value of shares and the income from them can go down as well as up and that they may not get back the full amount invested especially over the short term. Past performance is not necessarily a guide to future returns.
   



 
©2009 Lazard LLC
©2009 Lazard Asset Management LLC