Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX)

Overview

The specified fund is an investment entity that primarily focuses on equity securities of infrastructure companies globally. It aims to concentrate its investments within the infrastructure industry, encompassing a wide range of sectors such as utilities, pipelines, toll roads, airports, railroads, ports, and telecommunications. The fund is committed to allocating at least 80% of its assets to the equity securities of companies involved in these critical sectors of the economy. These investments are typically in firms listed on national or other recognized securities exchanges, indicating a preference for publicly traded and accessible equity investments. By focusing on infrastructure companies, the fund seeks to capitalize on the essential services and steady revenue streams these companies often provide.

Products and Services

• Equity Securities of Infrastructure Companies

  The fund invests primarily in common stocks and other equity securities of infrastructure companies, which include a broad array of sectors such as utilities, pipelines, toll roads, airports, railroads, ports, and telecommunications. This investment approach is designed to tap into the growth and stability of firms that provide foundational services necessary for economic development and day-to-day life.

• Utilities Sector Investments

  Utilities, a key area of focus for the fund, include companies that provide essential services such as water, electricity, and natural gas. Investments in this sector aim at generating stable returns due to the constant demand for these basic services.

• Pipeline and Toll Road Investments

  Pipelines, which transport oil, natural gas, and other commodities, along with toll roads, represent critical infrastructure components. The fund invests in these areas to capture the value from the steady income they typically generate from the transportation of goods and services.

• Airports, Railroads, and Ports

  The fund also targets investments in airports, railroads, and ports, key components in the global transportation infrastructure. These investments are chosen for their strategic importance in facilitating trade and travel, aiming at long-term capital growth from these essential services.

• Telecommunications Infrastructure

  Recognizing the critical role of communication in modern economies, the fund includes investments in the telecommunications sector. This includes companies that provide phone services, internet access, and other communication infrastructure, focusing on the growth prospects of this rapidly evolving industry.