Lazard Global Listed Infrastructure Portfolio Open Shares
GLFOX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Jan 5, 2010
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks total return through primary investment in equity securities, principally common stocks, of infrastructure companies worldwide. The fund concentrates its portfolio on "Preferred Infrastructure" companies characterized by revenue certainty, profitability, and longevity from monopoly or monopoly-like assets, often regulated, spanning sectors such as utilities (54.97% allocation), industrials (31.42%), and real estate (7.38%); top holdings include National Grid PLC (8.54%), Snam SpA (7.13%), Ferrovial SE (6.47%), Terna Rete Elettrica Nazionale SpA (5.08%), and Italgas SpA (5.00%). It maintains a blend investment style focused on large-cap stocks, with geographic diversification emphasizing non-US stocks (74.51%, including Eurozone at 37.10% and United Kingdom at 21.42%), US stocks (20.83%), and cash (4.66%); the portfolio typically comprises 25 to 50 securities. Launched on December 31, 2009, and domiciled in the United States, GLFOX is available for sale exclusively in the US market with a net expense ratio of 1.22%, a minimum initial investment of $2,500, and daily pricing. The fund is managed by a team including John Mulquiney and Warryn Robertson (since inception), Matthew Landy (since March 2016), and Bertrand Cliquet (since September 2017). Lazard Asset Management, headquartered in New York, oversees total net assets of approximately $10.47 billion for the broader strategy, with the Open Shares class at $286.52 million. In recent developments, Lazard Asset Management expanded its infrastructure offerings with the launch of the actively managed Lazard Listed Infrastructure ETF (NYSE Arca: GLIX) on October 6, 2025, providing investors access to a similar high-conviction strategy focused on 25 to 50 listed infrastructure companies with market capitalizations exceeding $2 billion, emphasizing higher revenue predictability and lower volatility. This ETF launch complements the GLFOX portfolio's approach amid accelerating global infrastructure spending to modernize aging assets. The fund continues to deliver strong performance, with a one-year total return of 24.49% as of June 30, 2025, and YTD return of 15.81%.