Lazard Insights

Wednesday, May 22, 2013, 4 pm ET

Equity Income in a Low-Yield World

We believe an unconstrained approach that looks beyond traditional high-yielding stocks (i.e., large, mature, and defensive companies) can potentially maximize capital appreciation along with income.

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    Lazard is a multi-product manager, well known in the Taft-Hartley, Corporate, Public, and Foundations and Endowments arenas...
 
 
    The Financial Institutions Group provides financial intermediaries unique investment solutions and superior sales and marketing support.
 
 
    The Capital Advisory Group serves the high net worth, family office, multi-family office, and Registered Investment Advisors (RIA) marketplaces, offering these investors high-quality, advice-based solutions and strategies.
 
 
    Lazard's Alternative Investment business developed as an outgrowth of Lazard's traditional investment banking and financial advisory businesses...
 
 
    Lazard Funds offers a range of investment strategies that address the demands of an ever-changing financial landscape.
 
 
    Lazard Asset Management leverages the intellectual capital provided by its global thought leaders to produce timely pieces of literature and research. By collecting fresh ideas from portfolio managers, analysts, and executives located throughout the world, Lazard provides insights on local, regional, and global topics that are relevant to investors worldwide.
 
 
 
Close of Business May 22, 2013
  Lazard U.S. Equity Concentrated Portfolio 12.51 -0.09 12.57 -0.09
  Lazard U.S. Strategic Equity Portfolio 11.80 -0.10 11.83 -0.10
  Lazard U.S. Mid Cap Equity Portfolio 14.64 -0.18 14.43 -0.18
  Lazard U.S. Small-Mid Cap Equity Portfolio 15.37 -0.23 14.92 -0.23
  Lazard Global Listed Infrastructure Portfolio 12.80 -0.11 12.81 -0.12
  Lazard International Equity Portfolio 16.14 -0.10 16.30 -0.10
  Lazard International Equity Select Portfolio 9.23 -0.05 9.27 -0.05
  Lazard International Strategic Equity Portfolio 13.34 -0.06 13.42 -0.07
  Lazard International Small Cap Equity Portfolio 9.21 -0.11 9.25 -0.11
  Lazard Emerging Markets Equity Portfolio 19.87 -0.03 20.35 -0.03
  Lazard Developing Markets Equity Portfolio 12.22 -0.06 12.21 -0.05
  Lazard Emerging Markets Equity Blend Portfolio 11.73 -0.03 11.69 -0.04
  Lazard Emerging Markets Multi-Strategy Portfolio 9.86 -0.03 9.86 -0.03
  Lazard Emerging Markets Debt Portfolio 10.78 -0.03 10.81 -0.03
  Lazard U.S. High Yield Portfolio 5.11 0.00 5.14 0.00
  Lazard U.S. Municipal Portfolio 10.31 0.00 10.30 -0.01
  Lazard Global Fixed Income Portfolio 9.72 -0.03 9.72 -0.03
  Lazard U.S. Realty Income Portfolio 9.79 -0.17 9.77 -0.17
  Lazard U.S. Realty Equity Portfolio 19.58 -0.40 19.63 -0.39
  Lazard International Realty Equity Portfolio 18.59 -0.15 18.55 -0.16
  Lazard Capital Allocator Opportunistic Strategies Portfolio 10.59 -0.10 10.58 -0.10
 
Close of Business May 22, 2013
Fund Name NYSE Ticker NAV($) NAV Change($) Market Price($) Market Price Change($) Premium Discount(%)
Lazard Global Total Return & Income Fund LGI 19.46 -0.15 17.78 -0.12 -8.63
Lazard World Dividend & Income Fund LOR 15.31 -0.17 14.20 -0.15 -7.25
 
Close of Business May 22, 2013
Service Shares   Investor Shares
 
  Lazard Retirement Emerging Markets Equity Portfolio 22.58 -0.03   22.36 -0.04
  Lazard Retirement U.S. Strategic Equity Portfolio 12.19 -0.10   NA NA
  Lazard Retirement Int'l Equity Portfolio 12.15 -0.08   NA NA
  Lazard Retirement U.S. Small-Mid Cap Equity Portfolio 8.42 -0.13   NA NA
  Lazard Retirement Multi-Asset Targeted Volatility Portfolio 11.55 -0.07   NA NA
 
 

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