Lazard Managed Balanced Instl Acc (FUND:B3DVTR0) - Overview

Fund Report

Lazard Managed Balanced Institutional Acc

Key Stats
Morningstar® CategoryGBP Aggressive Allocation
Manager NameAlan Custis
Inception Date03/11/2008
NAV 07/12/2016GBX 187.80
Day Change1.24%
12 Month Yield2.35%
ISINGB00B3DVTR01
SEDOLB3DVTR0
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/201626.06 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time12:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.93%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 30/09/2016

Benchmarks

Fund Benchmark

50% FTSE AllSh TR GBP, 25% MSCI ACWI NR USD, 25% FTSE Gilts All Stocks TR GBP

Morningstar® Benchmark

Cat 25%Barclays Stlg Agg TR&75%FTSE Wld TR

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund12.3916.926.801.7012.16
Category10.5414.855.142.2910.44
Benchmark10.4615.7211.993.5020.96
  • Fund: Lazard Managed Balanced Institutional Acc
  • Category: GBP Aggressive Allocation
  • Benchmark: Cat 25%Barclays Stlg Agg TR&75%FTSE Wld TR
Trailing Returns % (GBP) 07/12/2016
FundCatBmark
YTD11.9910.2622.12
3 Years Annualised7.686.7312.69
5 Years Annualised9.688.6312.58
10 Years Annualised5.665.118.48

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

"Lazard Managed Balanced Fund (the Fund) aims to seek total return from a combination of income and capital growth.The Fund invests in shares of UK and global companies and fixed income securities issued by governments, corporations and bank deposits. The Fund takes relatively small positions in securities in order to have a portfolio that is diversified by security, region and asset class.The Fund has discretion as to which companies shares and fixed income securities it holds and will aim to outperform a blended benchmark comprising of 5% UK companies, 25% of global companies (ex UK) and 25% UK fixed income securities.Any distributions that are paid to you will normally be reinvested to buy further shares unless you have elected to receive payment in cash.You can sell your shares back to the Fund on any day normally treated as a business day in both Dublin and London."

Portfolio Profile31/08/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks75.640.0075.64
Bonds21.750.0021.75
Cash3.030.422.61
Other0.000.000.00
Top Stock Regions
Region%
United Kingdom63.30
United States22.86
Eurozone6.67
Europe - ex Euro2.37
Japan1.99

Top Sectors

Stock Sector%
Consumer Defensive16.40
Financial Services15.91
Consumer Cyclical13.37
Healthcare12.59
Industrials9.77
Fixed Income Sector%
Government49.81
Corporate Bond36.28
Cash & Equivalents11.95
Asset Backed1.96
Future/Forward0.00
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
IncreaseBritish American Tobacco PLC Consumer Defensive3.41
DecreaseRoyal Dutch Shell PLC B Energy3.11
United Kingdom (Government Of) 4.25% 2032-06-07Not Classified2.28
IncreaseBP PLC Energy2.25
HSBC Holdings PLC Financial Services1.98
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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