Fund Evaluator:
Lazard International Quality Gr Instl (ICMPX)
Follow This Fund
Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
Lazard International Quality Gr Instl Overview
Lazard International Quality Gr Instl (ICMPX) is an actively managed International Equity Foreign Large Growth fund. Lazard launched the fund in 2018.
The investment seeks long-term capital appreciation. Under normal circumstances, the Portfolio invests at least 80% of its assets in companies that the Investment Manager considers to be “quality growth” businesses, which the Investment Manager calls compounders. By “compounders” the Investment Manager means businesses that the advisor believes can generate, and sustain, high levels of financial productivity (i.e., cash flow return on investment) while being able to reinvest to grow at similarly high levels of financial productivity.
About Lazard International Quality Gr Instl (ICMPX)
There are 3 members of the management team with an average tenure of 7.14 years: Louis Florentin-Lee (2018), Barnaby Wilson (2018), Robert Failla (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI ACWI Ex USA Growth NR USD index with a weighting of 100%. Lazard International Quality Gr Instl has 58 securities in its portfolio. The top 10 holdings constitute 33.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Lazard International Quality Gr Instl is part of the Equity global asset class and is within the International Equity fund group. Lazard International Quality Gr Instl has 92.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.3%. There is 92.2% 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 International Quality Gr Instl has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $453 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.
ICMPX 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 International Quality Gr Instl expense ratio is high compared to funds in the Foreign Large Growth category. Lazard International Quality Gr Instl has an expense ratio of 0.83%, which is 20% lower than its category average, making the fund expense ratio grade a B. 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 International Quality Gr Instl has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, Lazard International Quality Gr Instl returned 2.7%, which earned it a grade of A, as the Foreign Large Growth category had an average return of -2.7%. 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 funds in that category.
Lazard International Quality Gr Instl has a trailing yield of 0.57%, which is below the 0.95% 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 International Quality Gr Instl Grades
Year to date, the fund has returned -1.0%, 7.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.3% over the past year (grade of F), 6.4% over the past three years (grade of F) and 1.4% per year over the past five years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Lazard International Quality Gr Instl, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
ICMPX 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 |
|
| ICMPX Return (NAV) | 2.7% | 3.4% | 1.3% | 6.4% | 1.4% | na |
| ICMPX Grade | A | C | F | F | D | na |
| +/- Category | 5.4% | 0.8% | -11.8% | -4.4% | -1.8% | na |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| ICMPX Tax Cost Ratio | na | na | 1.0% | 0.8% | 0.7% | na |
ICMPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ICMPX Return (NAV) | -1.0% | 11.7% | 5.6% | 17.8% | -20.1% | 10.0% | 23.9% | 30.1% | na | na | na |
| ICMPX Grade | F | F | C | B | B | B | C | B | na | na | na |
| +/- Category | -7.5% | -8.3% | 0.3% | 1.2% | 5.1% | 1.9% | -1.5% | 0.8% | na | na | na |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.09 - Above Average |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (15% Rank) |
| Beta: | 0.81 |
| R-Squared: | 70% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $506 Mil |
| Fund Total Assets: | $ 454 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.6 years | |||
| Average Tenure: 7.1 years | |||
| Managers (Year): Florentin-Lee Louis (2018), Wilson Barnaby (2018), Failla Robert (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 33.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 92.2% |
Portfolio Allocation |
|
| Domestic Stock: | 6.3% |
| Foreign Stock: | 92.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Lazard |
| Phone Number: | 800-823-6300 |
| Website: | www.lazardnet.com |
| Status: | Open |
| Inception Date: | December 31, 2018 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.83% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Lazard International Quality Gr Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
