3 Lazard Mutual Funds Worth Considering for a Strong Portfolio

Overview of Lazard Asset Management

Lazard is a global asset management company overseeing $254 billion in assets, with a presence in over 25 countries. Lazard mutual funds leverage comprehensive international research to inform their investment strategies. By utilizing a variety of investment methods, these funds aim to navigate the complexities and fluctuations of worldwide markets, positioning themselves as attractive choices for investors.

Top Three Lazard Mutual Funds to Consider

We have identified three standout Lazard mutual funds that are well-suited for long-term investors: Lazard Emerging Markets Equity Portfolio (LZOEX), Lazard Global Listed Infrastructure Portfolio (GLFOX), and Lazard Enhanced Opportunities Open (LEOOX). These funds hold either a #1 (Strong Buy) or #2 (Buy) ranking from Zacks Mutual Fund Rank, have delivered positive annualized returns over three and five years, require initial investments of $5,000 or less, and feature expense ratios below the industry average. As a result, they offer strong performance with lower fees.

Lazard Emerging Markets Equity Portfolio (LZOEX)

This fund is focused on achieving long-term growth by investing in companies that demonstrate robust and sustainable financial performance at appealing valuations.

Managed by James M. Donald since November 30, 2001, the fund's top holdings as of September 30, 2025, included Taiwan Semiconductor Manufacturing Co Ltd (4.4%), SK hynix Inc. (2.7%), and China Construction Bank Corp (2.4%).

• 3-year annualized return: 22.9%
• 5-year annualized return: 12.5%
• Net expense ratio: 1.33%
• Zacks Mutual Fund Rank: #1

For a detailed comparison of this fund with its peers and other top-ranked mutual funds, .

Lazard Global Listed Infrastructure Portfolio (GLFOX)

This fund invests in stocks of companies involved in infrastructure, such as utilities, pipelines, toll roads, airports, railways, ports, and telecommunications.

John Mulquiney has led GLFOX since December 31, 2009. As of September 30, 2025, the largest holdings were National Grid plc (8.3%), Snam S.p.A. (7%), and Ferrovial SE (6.3%).

• 3-year annualized return: 13%
• 5-year annualized return: 13%
• Net expense ratio: 1.21%
• Zacks Mutual Fund Rank: #1

Lazard Enhanced Opportunities Open (LEOOX)

This fund primarily invests in convertible bonds and preferred securities, including lower-rated debt, with a focus on U.S. issuers.

Frank Bianco has managed LEOOX since December 31, 2014. As of September 30, 2025, the fund's main holdings included U.S. Treasury Bills (9.7%), Convertible Bonds (9%), and U.S. Treasury (8%).

• 3-year annualized return: 8.7%
• 5-year annualized return: 5.2%
• Net expense ratio: 1.60%
• Zacks Mutual Fund Rank: #1

Stay Informed on Mutual Funds

Subscribe to Zacks' complimentary Fund Newsletter to receive weekly updates on leading mutual funds, news, and expert analysis.

Top Stock Picks from Zacks

The Zacks research team has identified five stocks with the potential to double in value in the near future. Among these, Research Director Sheraz Mian has singled out one stock with the highest growth prospects.

This standout is a lesser-known satellite communications company, positioned to benefit from the rapidly expanding space industry, which is expected to reach a trillion-dollar valuation. With a rapidly growing client base and a projected surge in revenue for 2025, this company could outperform previous Zacks picks such as Hims & Hers Health, which soared by 209%. While not every recommendation is a guaranteed winner, this stock shows exceptional promise.

Looking for more investment ideas? Download Zacks' "7 Best Stocks for the Next 30 Days" report at no cost.

Free Fund Analysis Reports