Expense Ratio History

LEAIX expense ratio history

Lazard Emerging Markets Equity Advantage Portfolio, Institutional Shares

Fund company
Lazard
Type
Mutual fund

0.85%

In basis points
85 basis points
Yearly cost per $10,000
$85
Prospectus dated
1 May 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.95% on 1 May 2026

Fee over time

LEAIX expense ratio: 1.23% until 29 Apr 2016, then 11.47%; 11.47% until 1 May 2017, then 9.57%; 9.57% until 1 May 2018, then 6.17%; 6.17% until 1 May 2019, then 6.29%; 6.29% until 13 Dec 2019, then 5.60%; 5.60% until 1 May 2020, then 3.19%; 3.19% until 30 Apr 2021, then 1.87%; 1.87% until 29 Apr 2022, then 1.21%; 1.21% until 1 May 2023, then 1.11%; 1.11% until 1 May 2024, then 0.98%; 0.98% until 1 May 2025, then 0.95%; 0.95% until 1 May 2026, then 0.85%; read at 0.85% on 1 May 2026.0.00%5.00%10.00%15.00%May 2015Apr 2017Mar 2019Feb 2021Jan 2023Dec 20241.23% before0.85% from 1 May 2026
LEAIX expense ratio: 1.23% until 29 Apr 2016, then 11.47%; 11.47% until 1 May 2017, then 9.57%; 9.57% until 1 May 2018, then 6.17%; 6.17% until 1 May 2019, then 6.29%; 6.29% until 13 Dec 2019, then 5.60%; 5.60% until 1 May 2020, then 3.19%; 3.19% until 30 Apr 2021, then 1.87%; 1.87% until 29 Apr 2022, then 1.21%; 1.21% until 1 May 2023, then 1.11%; 1.11% until 1 May 2024, then 0.98%; 0.98% until 1 May 2025, then 0.95%; 0.95% until 1 May 2026, then 0.85%; read at 0.85% on 1 May 2026.0.00%5.00%10.00%15.00%May 2015Feb 2019Nov 20221.23% before0.85% from 1 May 2026
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
LEAIX (this page) Institutional Shares 0.85% — 1 May 2026
LEAOX Open Shares 1.56% 1.15% 1 May 2026
READX R6 Shares 0.85% — 1 May 2026

Every figure we've recorded

DateFeeWhat happened
1 May 2026 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2026 0.85% Cut from 0.95% to 0.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-23
1 May 2025 0.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2025 0.95% Cut from 0.98% to 0.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-04-28
1 May 2024 0.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2024 0.98% Cut from 1.11% to 0.98%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-05-03
1 May 2023 1.11% 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 1.11% Cut from 1.21% to 1.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
29 Apr 2022 1.21% 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 1.21% Cut from 1.87% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-04-29
30 Apr 2021 1.87% 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 1.87% Cut from 3.19% to 1.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-04-29
1 May 2020 3.19% 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 3.19% Cut from 5.60% to 3.19%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-05-13
13 Dec 2019 5.60% 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
13 Dec 2019 5.60% Cut from 6.29% to 5.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-12-26
1 May 2019 6.29% 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 6.29% Raised from 6.17% to 6.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-14
1 May 2018 6.17% 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 6.17% Cut from 9.57% to 6.17%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-05-18
1 May 2017 9.57% 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 9.57% Cut from 11.47% to 9.57%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-09-26
29 Apr 2016 11.47% 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 11.47% Raised from 1.23% to 11.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-05-19
29 May 2015 1.23% 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

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.85% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,052 in fees over 10 years

After fees, $10,000 grows to $14,987.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$87
3 years$272
5 years$473
10 years$1,052

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 13 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

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