GLFOX – Lazard Global Listed Infrastructure Open Investment Strategy | Morningstar

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Strategy

The investment seeks total return. Under normal circumstances, the portfolio invests at least 80% of its assets in equity securities of Infrastructure Companies with securities listed on a national or other recognized securities exchange. It invests primarily in equity securities, principally common stocks, of infrastructure companies and concentrates its investments in industries represented by infrastructure companies. Lazard Asset Management LLC (the “Investment Manager”) focuses on companies with a minimum market capitalization of $250 million that own physical infrastructure and which the Investment Manager believes are undervalued.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GLFOX	Lazard Global Listed Infrastructure Portfolio Open Shares	No Load	Open			Dec 31, 2009	$281.87M	1.210%	Above Average	$2,500	−$13.34M
GLIFX	Lazard Global Listed Infrastructure Portfolio Institutional Shares	Institutional	Open			Dec 31, 2009	$11.17B	0.960%	Above Average	$10,000	$553.66M

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