Lazard Fund Sets $0.15340 Monthly Distribution, 84% from Long-Term Gains
LGI•Lazard Global Total Return and Income Fund declared a monthly distribution of $0.15340 per share payable July 22, with record and ex-dividend dates on July 10. Long-term gains made up 84% of the payout, net income 14% and short-term gains 2%, and the distribution rate is 10.17% of NAV.
1. Distribution Declaration
Lazard Global Total Return and Income Fund declared a monthly distribution of $0.15340 per share, payable July 22, with shareholders of record as of July 10 and an ex-dividend date on July 10.
2. Distribution Sources
The current distribution comprises 84% net realized long-term capital gains, 14% net investment income and 2% net realized short-term capital gains, with no return of capital included in this payment.
3. Performance Metrics
The fund reports a five-year annualized total return of 5.71% relative to NAV, a cumulative fiscal year-to-date NAV return of 2.75%, and an annualized distribution rate equal to 10.17% of NAV as of May 31, 2026.
4. Portfolio Overview
As of May 31, the fund held 60 to 80 US and non-US equity securities of companies with market caps above $2 billion and may invest in emerging-market currencies, debt obligations and structured notes to pursue total return.
