Lazard Global Total Return and Income Fund Declares $0.1534 Distribution with 70% Return of Capital
Lazard Global Total Return and Income Fund declared a $0.15340 per share distribution payable May 22, comprising 70% return of capital, 22% long-term gains, 5% short-term gains and 3% net income. Its annualized distribution rate is 11.03% of NAV and five-year total return is 5.19%.
1. Distribution Declaration
The fund’s board approved a monthly payout of $0.15340 per share, payable on May 22 to holders of record on May 11, with an ex-dividend date of May 11. The distribution is sourced 3% from net income, 5% from short-term gains, 22% from long-term gains and 70% from return of capital.
2. Performance and Yield Metrics
As of March 31, the fund’s annualized distribution rate stood at 11.03% of NAV. Its five-year total return was 5.19%, cumulative fiscal year return was -6.86%, and year-to-date distributions represented 2.76% of NAV.
3. Fund Strategy and Portfolio
The fund invests in a diversified portfolio of 60 to 80 US and non-US equity securities of companies with market capitalizations above $2 billion, and may include emerging market currencies through forward contracts or currency-linked instruments. It also holds debt obligations, structured notes and government agency debt denominated in emerging market currencies.
4. Asset Management Overview
An indirect subsidiary of Lazard, Lazard Asset Management serves as the fund’s investment manager, overseeing global equity, fixed-income and alternative products. As of March 31, 2026, it managed $259.2 billion in client assets across its affiliated firms.