Lazard Global Listed Infrastructure Portfolio Institutional Shares
GLIFX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks total return through investment primarily in equity securities of global listed infrastructure companies. The fund invests at least 80% of its assets in common stocks and other equity securities of infrastructure operators, including utilities, pipelines, toll roads, airports, railroads, ports, telecommunications networks and related services; it maintains a portfolio focused on large-cap blend style companies with predictable revenues and lower volatility, diversified across sectors such as utilities (approximately 57%), industrials (37%) and regions including the Eurozone (40%), United Kingdom (22%) and United States (19%). Launched on December 31, 2009, and domiciled in the United States with a net expense ratio of 0.97%, GLIFX targets institutional investors with a minimum initial investment of $10,000 and features a portfolio turnover of around 25%, quarterly dividend distributions yielding approximately 3.5% and total net assets exceeding $10 billion as of late 2025. Lazard Asset Management LLC, the fund's investment manager and a division of Lazard Inc. (founded in 1848 with global headquarters in New York), oversees the strategy through a team led by portfolio managers John Mulquiney and Warryn Robertson (since inception), alongside Matthew Landy (since 2016) and Bertrand Cliquet (since 2017); the firm operates worldwide across North America, Europe, Asia and Australia, serving institutional clients, corporations and high-net-worth individuals. Recent developments include elevated portfolio turnover in fiscal year 2024 due to changes in the portfolio management team and strategic repositioning, alongside Lazard Asset Management's launch of the actively managed Lazard Listed Infrastructure ETF (GLIX) in October 2025 to expand access to its infrastructure expertise with 25-50 high-conviction holdings in companies exceeding $2 billion market capitalization. In April 2024, Lazard formed a strategic partnership with Elaia Partners to establish Lazard Elaia Capital, a Paris-based platform for European technology and deep tech investments from seed to public markets, with Lazard acquiring a minority stake and planning a growth capital fund launch in 2025; the firm also acquired Truvvo Partners to bolster family office services.