LZISX – Lazard Global Small Cap Eq Instl Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. Under normal circumstances, the portfolio invests at least 80% of its assets in equity securities of small capitalization companies. It invests primarily in equity securities, principally common stocks, of relatively small capitalization companies that the Investment Manager believes have strong and/or improving financial productivity at attractive valuations.

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
LZSMX	Lazard Global Small Cap Equity Portfolio Open Shares	No Load	Open			Feb 13, 1997	$5.76M	1.280%	Average	$2,500	−$4.46M
LZISX	Lazard Global Small Cap Equity Portfolio Institutional Shares	Institutional	Open			Dec 1, 1993	$13.74M	1.030%	Average	$10,000	$8.38M

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