Lazard International Strategic Equity Portfolio Institutional Shares
LISIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Oct 31, 2005
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard International Strategic Equity Portfolio Institutional Shares (LISIX) is an open-end mutual fund managed by Lazard Asset Management LLC that actively invests across the market capitalization spectrum in international equities, unconstrained by benchmarks, to seek long-term capital appreciation over a full market cycle through bottom-up security selection. The Portfolio primarily holds non-U.S. stocks comprising approximately 87-91% of assets, with allocations to sectors including financials (23-27%), industrials (20-23%), information technology (12-15%), consumer staples (7-11%), health care (8-13%), and consumer discretionary (7-10%); top holdings feature companies such as ASML Holding NV, Novo Nordisk, RELX, Bank Leumi, Aon, and UniCredit; regional exposure emphasizes continental Europe (39-47%), the United Kingdom (15-19%), Japan (15-18%), emerging markets (6-10%), and the Middle East (6-7%), with minor positions in North America and Asia ex-Japan, plus cash equivalents (2-4%). Institutional Shares, with ticker LISIX, carry a net expense ratio of 0.82%, a minimum initial investment of $10,000, and trailing 12-month turnover of 50-62%; related share classes include Open Shares (LISOX, expense ratio 1.08%, minimum $2,500) and R6 Shares (RLITX, expense ratio 0.82-0.88%, minimum $1,000,000). The fund, part of The Lazard Funds, Inc. and domiciled in the United States, targets institutional and high-net-worth investors in the foreign large blend category, benchmarked against the MSCI EAFE Index. Launched on November 1, 2005, the Portfolio is managed from Lazard Asset Management's headquarters in New York, with a team led by Managing Director Robin O. Jones (23 years industry experience), alongside Directors Jimmie Bork (14 years) and Cyrus Azarmgin (1 year), and veteran Managing Director Michael A. Bennett (39 years); Mark Little retired from portfolio management duties at the end of Q1 2024 after transitioning to a senior role in 2022, leaving Jones as lead decision-maker. Recent developments include growth in total net assets to $2.6 billion as of December 31, 2024 (from $1.8 billion as of September 30, 2025), reflecting sustained investor interest; Lazard Asset Management formed a strategic partnership with Elaia Partners in April 2024 to launch Lazard Elaia Capital, a Paris-based platform for European technology investments from seed to public markets (75% Lazard-owned), and entered a 50% ownership partnership with Shawton Energy in October 2024 for sustainable private infrastructure funds focused on UK solar projects. The Portfolio maintains high active share (88%) versus its benchmark, with approximately 59-66 holdings and weighted average market cap of $71-88 billion.