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There are many choices in the Mutual Fund Equity report category, but where should you start your research? Well, one fund worth checking out is Lazard Global List Infrastructure Open (GLFOX). GLFOX has a Zacks Mutual Fund Rating of 1 (Strong Buy), based on nine predictive factors such as size, expense and past performance.
Fund/manager history
GLFOX is part of the Lazard Funds family of funds, based out of New York, New York. Lazard Global List Infrastructure Open was first launched in December 2009, and since then, GLFOX has accumulated approximately $365.26 million in assets per current day. The fund is currently managed by a team of investment professionals.
Performance
Investors naturally look for strong performing funds. GLFOX has a 5-year annualized total return of 6.24% and ranks in the top third of its category peers. If you’re looking for shorter time frames, don’t dismiss the fund’s 3-year annualized total return of 6.53%, which puts it in the top third of the time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Over the past three years, GloFox’s standard deviation is 16.33% versus the category average of 17.46%. The standard deviation of the fund over the last 5 years is 13.82% compared to the category average of 15.08%. This makes the fund less volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 0.56, so it may be less volatile than the market. Another factor to consider is alpha, as it reflects the portfolio’s performance on a risk-adjusted basis relative to a comparative benchmark—in this case, the S&P 500. GLFOX’s 5-year performance yielded a negative alpha of -0.31, meaning that managers have difficulty selecting stocks that generate better returns than the benchmark in this portfolio. He got it.
expenses
Costs are very important for mutual fund investing and especially when competition heats up in this market. And all things being equal, a low-cost product outperforms its peers, so keeping a close eye on these metrics is key for investors. In terms of fees, GLFOX is a no-load fund. It has an expense ratio of 1.21% compared to the category average of 1.10%. GLFOX is actually more expensive than its peers when you consider things like cost.
Investors should note that the minimum initial investment in this product is $2,500. Each subsequent investment must be at least $50.
at last
Overall, Lazard Global List Infrastructure Open (GLFOX) has a high Zacks Mutual Fund Rank, and coupled with its relatively strong performance, average risk, and high payouts, Lazard Global List Infrastructure Open (GLFOX) looks like a good option for investors right now.
For more information on the mutual fund equity reporting environment of the mutual fund world, visit www.zacks.com/funds/mutual-funds. There, you can see more about the rating process and dive into GLFOX for more information. Zacks offers a complete set of tools to help you analyze your portfolio – both funds and stocks – in the most efficient way possible.
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