Lazard International Strategic Equity Ptf Open Shares
LISOX
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.Quarterly Dividends Per Share
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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
- Feb 3, 2006
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard International Strategic Equity Portfolio Open Shares (LISOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks long-term capital appreciation by investing primarily in equity securities, principally common stocks, of non-U.S. companies located in developed markets represented by the MSCI EAFE Index; the portfolio employs a bottom-up value-oriented strategy to identify undervalued companies based on earnings, cash flow, or asset values, actively investing across the market capitalization spectrum unconstrained by benchmarks; holdings are diversified across sectors including financial services (approximately 28%), industrials (20%), technology (12%), consumer defensive (12%), and healthcare (8%), with top regional exposures in the Eurozone (25%), United Kingdom (19%), Japan (16%), and the United States (10%). The fund offers Open Shares with a net expense ratio of 1.08%, a minimum initial investment of $2,500, and no front-end or deferred loads; it maintains a portfolio turnover of around 43% and a TTM yield of 1.12%, with total net assets exceeding $1.8 billion across share classes and approximately 214 million in share class size; as of late 2025, the portfolio includes roughly 59 holdings, with the top 10 comprising about 30% of assets, featuring prominent positions in companies such as Novo Nordisk, RELX PLC, ASML Holding, and Icon PLC. Launched on February 3, 2006, and domiciled in the United States, the fund is available for sale in the U.S. and managed by a team led by Robin Jones (since 2009), with support from Michael Bennett (since 2008), Jimmie Bork (since 2022), and Cyrus Azarmgin (since May 2025); Lazard Asset Management, headquartered in New York and a subsidiary of Lazard Inc. (founded 1848), oversees approximately $226 billion in assets as of December 2024, providing global investment solutions across equity, fixed income, and alternatives. Recent changes include the retirement of longtime manager Mark Little at the end of Q1 2024, after he transitioned from co-lead to a senior advisory role at year-end 2022, solidifying Robin Jones as lead decision-maker; in September 2025, Lazard Asset Management appointed Christopher Hogbin as new CEO succeeding Evan Russo (effective December 2025), aiming to accelerate growth in active strategies amid expanding ETF offerings; while LISOX itself remains a core mutual fund strategy, Lazard has pursued broader expansions such as multiple ETF conversions and launches in 2025, including the Lazard International Equity Advantage ETF (May), Emerging Markets Opportunities ETF (October), and Listed Infrastructure ETF (October), alongside strategic partnerships like the April 2024 alliance with Elaia Partners for European tech investments.