LCAIX – Lazard Opportunistic Strategies Instl Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund utilizes an asset allocation strategy to invest in a global portfolio of uncorrelated assets that can include exposure, through underlying vehicles, to stocks, bonds, commodities and other investments. The Portfolio invests primarily in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy, as well as actively managed closed-end management investment companies.

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
LCAOX	Lazard Opportunistic Strategies Portfolio Open Shares	No Load	Open			Mar 31, 2008	$74,962.00	1.460%	Average	$2,500	−$32,985.96
LCAIX	Lazard Opportunistic Strategies Portfolio Institutional Shares	Institutional	Open			Mar 26, 2008	$22.92M	1.210%	Average	$10,000	−$1.12M

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