January 20, 2017 9:51 PM ET

Capital Markets

Company Overview of Lazard World Trust Fund

Company Overview

Lazard World Trust Fund is a closed-ended equity mutual fund of funds launched and managed by Lazard Asset Management, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests either directly or through closed-end funds, investment trusts, and holding companies in value stocks of companies. The fund benchmarks the performance of its portfolio against the MSCI All Country World Index. The fund was formerly known as The World Trust Fund. Lazard World Trust Fund was formed on June 20, 1991 and is domiciled in Luxembourg.

30 Rockefeller Plaza

57th Floor

New York, NY 10112-6300

United States

Founded in 1991





Key Executives for Lazard World Trust Fund

Portfolio Manager
Portfolio Manager
Portfolio Manager
Portfolio Manager
Portfolio Manager
Compensation as of Fiscal Year 2016.

Lazard World Trust Fund Key Developments

Lazard World Trust Fund Proposes Interim Dividend, Payable on January 16, 2017; Reports Unaudited Earnings Results for the Six Months Ended September 30, 2016

The Board of Lazard World Trust Fund has proposed an interim dividend, in respect of 2016/2017, of 5.1 pence per share which is payable on January 16, 2017, to shareholders who appear on the register on December 16, 2016. The company reported unaudited earnings results for the six months ended September 30, 2016. For the period, total income was $2,701,649 against $2,701,649 a year ago. Net investment income was $1,055,476 against $1,423,214 a year ago. Total net realized gain was $10,094,182 against loss of $586,764 a year ago. Result of operations was $9,345,210 against negative at $19,061,107 a year ago. Net asset value as on date was $4.35.

Lazard World Trust Fund, Special/Extraordinary Shareholders Meeting, Sep 20, 2016

Lazard World Trust Fund, Special/Extraordinary Shareholders Meeting, Sep 20, 2016, at 11:30 US Eastern Standard Time. Agenda: To consider approve a tender offer for up to 10% of the issued Share Capital of the company; and to consider an amendment to the Investment Management Agreement with Lazard Asset Management LLC to reflect the change in the benchmark index from the MSCI All Country World Index to the MSCI All Country World Index.

The World Trust Fund Announces Final Results for the Year Ended March 31, 2016

The World Trust Fund announced final results for the year ended March 31, 2016. For the year, the company reported total income of $8,451,154 compared to $5,337,028 reported in the same period last year. Net investment income was $5,868,250 against $2,551,130 reported last year. Total net realized gain was $9,225,806 against $7,020,412 reported last year. Result of operations was $14,482,155 against $18,010,656 reported last year. Net asset value per share was $4.17 against $4.59 reported last year.

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