Lazard Global Total Return and Income Fund, Inc.
New York Stock ExchangeCapital Structure
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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.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Charles Laurence Carroll
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 30 Rockefeller Plaza New York City NY United States of America 10112
- IPO Date
- Apr 28, 2004
- CIK
- 0001278211
- Website
- lazardnet.com
- Similar Companies
- Business
- Lazard Global Total Return and Income Fund, Inc. (LGI) is a diversified, closed-end management investment company focused on achieving total return through capital appreciation and current income. The fund's net assets are primarily invested in a portfolio of approximately 60 to 80 U.S. and non-U.S. equity securities, including American Depository Receipts, generally from companies with market capitalizations exceeding $2 billion; emerging market currencies via forward currency contracts or derivative instruments; and debt obligations such as government, government agency, corporate bonds, and structured notes denominated in emerging market currencies. It operates globally across developed and emerging markets, targeting institutional and retail investors seeking balanced exposure to equities and income-generating strategies. Launched in 2004 and headquartered in New York, the fund is managed by Lazard Asset Management LLC, with key portfolio managers including Louis Florentin-Lee, Barnaby Wilson, and James M. Donald. Geographically, its equity holdings span regions like the U.S., Europe (including significant allocations to the UK and France), Asia-Pacific (such as Japan and Australia), and emerging markets, complemented by currency positions for enhanced income. The fund trades on the New York Stock Exchange under the ticker LGI, with shares outstanding of approximately 13.01 million and a market capitalization of around $225 million as of late 2025. In recent developments, the fund has maintained its Managed Distribution Policy, with monthly distributions declared throughout 2025, including a November 24 payment supported by 30% net investment income, 70% net realized capital gains, and ongoing return of capital components; for instance, the fiscal year-to-date cumulative distributions reached specified sources by October 31, 2025, reflecting a 9.58% annualized distribution rate relative to NAV. It reported NAV total returns of 4.6% for a recent quarterly period ending in 2025, outperforming the MSCI ACWI benchmark, and 14.30% cumulative fiscal year-to-date through October 31, 2025, amid persistent monthly announcements of distribution sources without noted acquisitions, partnerships, or structural changes. The fund continues to emphasize its global equity and emerging markets strategy, with no major reorganizations or product launches reported in the last 1-2 years.
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