Lazard International Equity Select Portfolio Open Shares (LZESX)

Overview

The fund is an investment vehicle that focuses on capitalizing on the opportunities presented by undervalued large non-U.S. companies. It targets entities that are significant in size, comparable to those listed in the MSCI All Country World Index ex-US, a benchmark that represents large and mid-cap stocks across developed markets and emerging countries, excluding the United States. The fund's investment strategy centers on equity securities, including common stocks, of these international enterprises that show promise in terms of earnings, cash flow, or asset values but are currently undervalued in the market. This approach is aimed at investors looking to diversify their portfolio internationally with a focus on value investment in the equity market.

Products and Services

• Equity Securities Investments

The primary offering involves investing in equity securities, primarily common stocks, of large non-U.S. companies. This product caters to investors aiming to capitalize on the growth potential of major international companies that are undervalued according to their financials. It is designed for those seeking investment opportunities beyond domestic markets, focusing on enterprises with significant market capitalizations akin to those included in the MSCI All Country World Index ex-US.

• Value-Based Investment Strategy

The fund’s investment approach is grounded in identifying and investing in companies that are undervalued based on their earnings, cash flow, or asset values. This strategy is intended for investors who are focused on long-term growth and believe in the value investing philosophy, which involves picking stocks that appear to be trading for less than their intrinsic or book value and waiting for the market to recognize their true value.

• International Market Diversification

By focusing on non-U.S. companies, the fund offers investors an avenue to diversify their portfolio internationally. The choice to invest in large companies within the scope of the MSCI All Country World Index ex-US ensures that the investments are spread across various countries and sectors, minimizing the risk associated with putting all investments in a single market or region. This service is particularly suited to investors looking to broaden their investment horizon and mitigate risks through geographic diversification.