Fund info

Lazard Real Assets Portfolio Institutional Shares is a diversified mutual fund focused on long-term capital appreciation through investments in real assets. The fund is designed to offer investors exposure to asset classes that typically display low correlation to traditional equities and bonds, aiming to generate current income and serve as a partial hedge against inflationary pressures. Its portfolio spans a mix of liquid real assets, including real estate investment trusts (REITs), listed infrastructure companies, commodity-related investments, and global inflation-linked bonds. Managed by Lazard’s Multi-Asset team, the portfolio employs a multi-asset strategy to navigate various inflation drivers and market cycles, leveraging both dynamic asset allocation and bottom-up security selection for risk management and opportunity capture. With an institutional share class structure, the fund primarily targets institutional investors seeking diversification and protection from inflation within a global allocation framework. Notable holdings include investments in cash equivalents, gold, major real estate firms, and global utilities, illustrating its emphasis on sectors directly impacted by real asset valuations and commodity dynamics.