Fund Evaluator:
Lazard International Equity Select Instl (LZSIX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Lazard International Equity Select Instl Overview
Lazard International Equity Select Instl (LZSIX) is an actively managed International Equity Foreign Large Blend fund. Lazard launched the fund in 2001.
The investment seeks long-term capital appreciation. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities. Equity security investments primarily include common stocks and also may include American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts.
About Lazard International Equity Select Instl (LZSIX)
There are 6 members of the management team with an average tenure of 15.12 years: Michael Fry (2010), Paul Selvey-Clinton (2022), Giles Edwards (2019), Michael Bennett (2003), Michael Powers (2003), James Donald (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Lazard International Equity Select Instl has 83 securities in its portfolio. The top 10 holdings constitute 29.8% 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 Equity Select Instl is part of the Equity global asset class and is within the International Equity fund group. Lazard International Equity Select Instl has 95.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.0%. There is 95.5% 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 Equity Select Instl has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.
LZSIX 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 Equity Select Instl expense ratio is high compared to funds in the Foreign Large Blend category. Lazard International Equity Select Instl has an expense ratio of 0.90%, which is 4% lower than its category average, making the fund expense ratio grade a C. 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 Equity Select Instl has a portfolio turnover rate of 39%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Lazard International Equity Select Instl returned 0.7%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. 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 Equity Select Instl has a trailing yield of 1.74%, which is below the 2.17% category average. The fund normally distributes its income semi-annually and its capital gains 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 Equity Select Instl Grades
Year to date, the fund has returned 14.4%, 2.7 percentage points better than the category, which translates into a grade of A. The fund has returned 25.8% over the past year (grade of C), 13.3% over the past three years (grade of F) and 6.5% per year over the past five years (grade of F) and 6.8% per year over the past 10 years (grade of F).
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LZSIX 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 |
|
| LZSIX Return (NAV) | 0.7% | 4.8% | 25.8% | 13.3% | 6.5% | 6.8% |
| LZSIX Grade | C | B | C | F | F | F |
| +/- Category | -0.0% | 0.3% | 1.6% | -2.6% | -1.9% | -2.3% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| LZSIX Tax Cost Ratio | na | na | 0.6% | 0.6% | 0.8% | 0.6% |
LZSIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LZSIX Return (NAV) | 14.4% | 24.7% | 2.1% | 12.1% | -15.5% | 3.2% | 8.3% | 20.3% | -14.9% | 28.3% | -0.6% |
| LZSIX Grade | A | F | F | F | C | F | D | F | C | B | D |
| +/- Category | 2.7% | -5.8% | -2.8% | -4.2% | 0.8% | -6.9% | -3.5% | -2.6% | 0.3% | 1.9% | -1.6% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.09 - Above Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (80% Rank) |
| Beta: | 0.92 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $57 Mil |
| Fund Total Assets: | $ 54 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 39% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 23.3 years | |||
| Average Tenure: 15.1 years | |||
| Managers (Year): Bennett Michael (2003), Powers Michael (2003), Fry Michael (2010), Donald James (2010), Edwards Giles (2019), Selvey-Clinton Paul (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 83 |
| % in Top 10 Holdings: | 29.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.5% |
Portfolio Allocation |
|
| Domestic Stock: | 3.0% |
| Foreign Stock: | 95.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.1% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Lazard |
| Phone Number: | 800-823-6300 |
| Website: | www.lazardnet.com |
| Status: | Open |
| Inception Date: | May 31, 2001 |
| 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 (%): | 0.90% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Lazard International Equity Select Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
