ETF Evaluator:
Lazard Emerging Markets Opports ETF ()
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(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
Risk
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Risk
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ETF Details
Lazard Emerging Markets Opports ETF Overview
Lazard Emerging Markets Opports ETF (EMKT) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Lazard launched the ETF in 2013.
The investment seeks long-term capital appreciation.
The Portfolio invests primarily in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in emerging market countries and that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. Implementation of the Portfolio’s investment strategy may result in significant exposure to large cap companies, however, the market capitalizations of issuers in which the Portfolio invests may vary with market conditions and the Portfolio also may invest in mid cap and small cap companies.
About Lazard Emerging Markets Opports ETF (EMKT)
There are 3 members of the management team with an average tenure of 5.68 years: Thomas Boyle (2013), James Donald (2025) and Rohit Chopra (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Lazard Emerging Markets Opports ETF has 76 securities in its portfolio. The top 10 holdings constitute 46.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Lazard Emerging Markets Opports ETF is part of the Equity global asset class and is within the International Equity ETF group. Lazard Emerging Markets Opports ETF has 98.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.7% There is 98.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Lazard Emerging Markets Opports ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $167 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EMKT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lazard Emerging Markets Opports ETF expense ratio is above average compared to funds in the Diversified Emerging Mkts category. Lazard Emerging Markets Opports ETF has an expense ratio of 0.74%, which is 43% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lazard Emerging Markets Opports ETF has a portfolio turnover rate of 71%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Lazard Emerging Markets Opports ETF returned -5.1%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of -3.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Lazard Emerging Markets Opports ETF has a trailing yield of 1.28%, which is below the 2.41% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lazard Emerging Markets Opports ETF Grades
Year to date, the ETF has returned 20.9%, 3.8 percentage points better than the category, which translates into a grade of B. The fund has returned 34.4% over the past year (grade of C), 18.0% over the past three years (grade of C) and 6.3% per year over the past five years (grade of D) and 7.3% per year over the past 10 years (grade of D).
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EMKT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMKT Return (NAV) | -5.1% | 6.4% | 34.4% | 18.0% | 6.3% | 7.3% |
| EMKT Return (Price) | -5.6% | 5.0% | 34.7% | 18.1% | 6.3% | 7.3% |
| NAV +/- Price Return | 0.497% | 1.421% | -0.259% | -0.076% | -0.041% | -0.021% |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| EMKT Grade (NAV) | D | A | C | C | D | D |
| +/- Category (NAV) | -2.1% | 3.4% | 2.5% | 1.4% | -0.8% | -0.5% |
| EMKT Tax-Cost Ratio | na | na | 0.6% | 0.6% | 0.6% | 0.5% |
EMKT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMKT Return (NAV) | 20.9% | 29.5% | 7.3% | 12.3% | -21.6% | -11.2% | 12.0% | 21.6% | -18.1% | 40.3% | 3.5% |
| EMKT Return (Price) | 21.8% | 28.9% | 7.3% | 12.3% | -21.6% | -11.2% | 12.0% | 21.6% | -18.1% | 40.3% | 3.5% |
| NAV +/- Price Ret | 0.041% | -0.023% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | 0.0% | 0.0% | 0.0% | 0.0% |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| EMKT Grade (NAV) | B | C | C | C | F | F | C | B | D | A | F |
| +/- Category | 3.8% | 0.3% | 0.6% | -0.5% | -2.8% | -13.5% | -0.7% | 3.4% | -3.5% | 6.6% | -7.5% |
| Risk Measures | |
| Beta: | 1.10 |
| R-Squared: | 77% |
| Standard Deviation: | 17.2% |
| Category Risk Index: | 1.06 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.41 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 167 Mil |
| Share Class Assets: | $ 167 Mil |
| Turnover: | 71.0% |
| Expense Ratio: | 0.74% |
| Index Fund: | No |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Boyle Thomas (2013), Chopra Rohit (2023), Donald James (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 76 |
| % in Top 10 Holdings: | 46.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.7% |
| Foreign Stock: | 98.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Lazard |
| Phone Number: | 800-823-6300 |
| Website: | |
| Inception Date: | October 31, 2013 |
Expenses and Fees
| Expense Ratio (%): | 0.74% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
