Lazard, the global investment manager, has provided investment ideas and solutions for institutions and individual investors worldwide since 1848. Lazard’s mutual funds cover all the traditional disciplines of equity, fixed income, as well as multi-asset class products and alternative investments.
With more than $285 billion in investment assets from over 20 countries, Lazard has over 1,200 employees, including over 400 investment professionals in more than 30 offices around the world. Thus, these factors make Lazard’s mutual funds a sound and reliable investment choice.
We have picked three Lazard mutual funds — Lazard Global Listed Infrastructure Portfolio GLFOX, Lazard Enhanced Opportunities Open LEOOX and Lazard Opportunistic Strategies Open LCAOX— which investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
Lazard Global Listed Infrastructure Portfolio fund invests the bulk of its assets in equity securities of infrastructure companies listed on recognized stock exchanges.
John Mulquiney has been the lead manager of GLFOX since Dec. 31, 2009. Most of the fund’s holdings were in companies, such as National Grid plc (8.1%), Vinci SA (8.1%) and Snam S.p.A. (7.5%) as of March 31, 2026.
GLFOX’s 3-year and 5-year annualized returns are 13.9% and 11.3%, respectively. Its net expense ratio is 1.21%. GLFOX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 (Strong Buy) and 2 Ranked Mutual Funds,please click here.
Lazard Enhanced Opportunities Open fund invests in convertible bonds and preferred securities of U.S. companies, while also holding select foreign securities through a hedged investment strategy.
Frank Bianco has been the lead manager of LEOOX since Dec. 31, 2014. Most of the fund’s holdings were in companies like Convertible Bonds (11.7%), U.S. Treasury Bills (7%) and U.S. Treasury (5.8%) as of March 31, 2026.???
LEOOX’s 3-year and 5-year annualized returns are 9.3% and 5.4%, respectively. Its net expense ratio is 1.61%. LEOOX has a Zacks Mutual Fund Rank #2.
Lazard Opportunistic Strategies Open fund invests in a diversified portfolio of global assets, including stocks, bonds and commodities, primarily through exchange-traded funds and other investment vehicles.
Stephen Marra has been the lead manager of LCAOX since Feb. 6, 2017. Most of the fund’s holdings were in companies, such as iShares 20+ Year Treasury Bond ETF (12.3%), Vanguard S&P 500 Value Index Fund ETF Shares (11.9%) and Vanguard S&P 500 Growth Index Fund ETF Shares (10.6%) as of March 31, 2026.
LCAOX’s 3-year and 5-year annualized returns are 13% and 5.8%, respectively. Its net expense ratio is 1.27%. LCAOX has a Zacks Mutual Fund Rank #2.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week.Get it free >>
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Get Your Free (GLFOX): Fund Analysis Report
Get Your Free (LCAOX): Fund Analysis Report
Get Your Free (LEOOX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
