Fund Evaluator:
Lazard International Strategic Eq R6 (RLITX)
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Best Performing in Foreign Large Blend Over the Last Year
| 35.2% | AB International Strat Eqs Z (STEZX) |
| 32.9% | NYLI WMC International Research Eq Cl I (MYIIX) |
| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
| 31.2% | Goldman Sachs Intl Eq Insghts Inv (GCITX) |
| 31.2% | Vanguard International Core Stock Adm (VZICX) |
Fund Details
Lazard International Strategic Eq R6 Overview
Lazard International Strategic Eq R6 (RLITX) is an actively managed International Equity Foreign Large Blend fund. Lazard launched the fund in 2015.
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 Strategic Eq R6 (RLITX)
There are 4 members of the management team with an average tenure of 10.21 years: Robin Jones (2009), Jimmie Bork (2022), Cyrus Azarmgin (2025), Michael Bennett (2008). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Lazard International Strategic Eq R6 has 76 securities in its portfolio. The top 10 holdings constitute 29.2% 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 Strategic Eq R6 is part of the Equity global asset class and is within the International Equity fund group. Lazard International Strategic Eq R6 has 95.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.6%. There is 95.0% 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 Strategic Eq R6 has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $8 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.
RLITX 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 Strategic Eq R6 expense ratio is high compared to funds in the Foreign Large Blend category. Lazard International Strategic Eq R6 has an expense ratio of 0.84%, which is 11% 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 Strategic Eq R6 has a portfolio turnover rate of 48%, 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 Strategic Eq R6 returned -1.3%, which earned it a grade of F, 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 Strategic Eq R6 has a trailing yield of 1.60%, which is below the 2.17% category average. The fund normally distributes its income 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 Strategic Eq R6 Grades
Year to date, the fund has returned 10.8%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.3% over the past year (grade of F), 12.4% over the past three years (grade of F) and 5.5% per year over the past five years (grade of F) and 7.4% per year over the past 10 years (grade of F).
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RLITX 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 |
|
| RLITX Return (NAV) | -1.3% | 3.0% | 17.3% | 12.4% | 5.5% | 7.4% |
| RLITX Grade | F | F | F | F | F | F |
| +/- Category | -2.0% | -1.4% | -6.9% | -3.5% | -2.9% | -1.7% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| RLITX Tax Cost Ratio | na | na | 6.2% | 3.3% | 2.7% | 1.7% |
RLITX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RLITX Return (NAV) | 10.8% | 25.5% | -1.3% | 17.0% | -16.9% | 5.9% | 10.6% | 21.5% | -10.3% | 27.8% | -5.2% |
| RLITX Grade | D | F | F | C | C | F | C | D | A | B | F |
| +/- Category | -0.8% | -5.0% | -6.2% | 0.8% | -0.5% | -4.2% | -1.2% | -1.4% | 4.9% | 1.4% | -6.1% |
| 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: | 14.5% |
| Total Risk Index: | 1.18 - Above Average |
| Category Risk Index: | 1.12 - High |
| Category Risk Grade: | F (97% Rank) |
| Beta: | 0.99 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1478 Mil |
| Fund Total Assets: | $ 9 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 17.8 years | |||
| Average Tenure: 10.2 years | |||
| Managers (Year): Bennett Michael (2008), Jones Robin (2009), Bork Jimmie (2022), Azarmgin Cyrus (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 76 |
| % in Top 10 Holdings: | 29.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.0% |
Portfolio Allocation |
|
| Domestic Stock: | 4.6% |
| Foreign Stock: | 95.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Lazard |
| Phone Number: | 800-823-6300 |
| Website: | www.lazardnet.com |
| Status: | Open |
| Inception Date: | January 16, 2015 |
| Min. Initial Purchase: | $1,000,000 |
| 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 (%): | 0.84% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Lazard International Strategic Eq Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
