Expense Ratio History

EMBIX expense ratio history

Lazard Emerging Markets Strategic Equity Portfolio, Institutional Shares

Fund company
Lazard
Type
Mutual fund

1.39%

In basis points
139 basis points
Yearly cost per $10,000
$139
Prospectus dated
1 May 2023, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.33% on 1 May 2023

Fee over time

EMBIX expense ratio: 6.24% until 1 May 2012, then 1.54%; 1.54% until 1 May 2013, then 1.34%; 1.34% until 30 Apr 2014, then 1.33%; 1.33% until 1 May 2015, then 1.28%; 1.28% until 29 Apr 2016, then 1.20%; 1.20% until 1 May 2017, then 1.26%; 1.26% until 1 May 2018, then 1.21%; 1.21% until 1 May 2019, then 1.15%; 1.15% until 1 May 2020, then 1.28%; 1.28% until 30 Apr 2021, then 1.46%; 1.46% until 29 Apr 2022, then 1.33%; 1.33% until 1 May 2023, then 1.39%; read at 1.39% on 1 May 2023.0.00%2.50%5.00%7.50%10.00%Mar 2011Apr 2013May 2015Jun 2017Jul 2019Aug 20216.24% before1.39% from 1 May 2023
EMBIX expense ratio: 6.24% until 1 May 2012, then 1.54%; 1.54% until 1 May 2013, then 1.34%; 1.34% until 30 Apr 2014, then 1.33%; 1.33% until 1 May 2015, then 1.28%; 1.28% until 29 Apr 2016, then 1.20%; 1.20% until 1 May 2017, then 1.26%; 1.26% until 1 May 2018, then 1.21%; 1.21% until 1 May 2019, then 1.15%; 1.15% until 1 May 2020, then 1.28%; 1.28% until 30 Apr 2021, then 1.46%; 1.46% until 29 Apr 2022, then 1.33%; 1.33% until 1 May 2023, then 1.39%; read at 1.39% on 1 May 2023.0.00%2.50%5.00%7.50%10.00%Mar 2011May 2015Jul 20196.24% before1.39% from 1 May 2023
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
EMBIX (this page) Institutional Shares 1.39% 1.10% 1 May 2023
EMBOX Open Shares 1.81% 1.35% 1 May 2023
RLEBX R6 Shares 1.39% 1.05% 1 May 2023

Every figure we've recorded

DateFeeWhat happened
1 May 2023 1.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2023 1.39% Raised from 1.33% to 1.39%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
29 Apr 2022 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-04-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Apr 2022 1.33% Cut from 1.46% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-04-29
30 Apr 2021 1.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-04-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Apr 2021 1.46% Raised from 1.28% to 1.46%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-04-29
1 May 2020 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2020 1.28% Raised from 1.15% to 1.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-05-13
13 Dec 2019 1.15% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-13 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2019 1.15% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2019 1.15% Cut from 1.21% to 1.15%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-14
1 May 2018 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2018 1.21% Cut from 1.26% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-05-18
1 May 2017 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2017 1.26% Raised from 1.20% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-09-26
29 Apr 2016 1.20% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-04-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Apr 2016 1.20% Cut from 1.28% to 1.20%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-05-19
29 May 2015 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-05-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2015 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2015 1.28% Cut from 1.33% to 1.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-05-21
30 Apr 2014 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2014 1.33% Cut from 1.34% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-05-20
29 Nov 2013 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-11-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2013 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2013 1.34% Cut from 1.54% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-05-22
31 May 2012 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-05-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2012 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2012 1.54% Cut from 6.24% to 1.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2012-05-15
31 Mar 2011 6.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-03-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.39% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,677 in fees over 10 years

After fees, $10,000 grows to $14,209.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$142
3 years$443
5 years$765
10 years$1,677

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 17 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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