Expense Ratio History

LEOIX expense ratio history

Lazard Enhanced Opportunities Portfolio, Institutional Shares

Fund company
Lazard
Type
Mutual fund

1.55%

In basis points
155 basis points
Yearly cost per $10,000
$155
Prospectus dated
1 May 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.61% on 1 May 2026

Fee over time

LEOIX expense ratio: 1.68% until 29 Apr 2016, then 13.45%; 13.45% until 1 May 2017, then 3.55%; 3.55% until 1 May 2018, then 4.60%; 4.60% until 1 May 2019, then 3.87%; 3.87% until 1 May 2020, then 5.56%; 5.56% until 30 Apr 2021, then 3.81%; 3.81% until 29 Apr 2022, then 2.08%; 2.08% until 1 May 2023, then 2.44%; 2.44% until 1 May 2024, then 4.24%; 4.24% until 1 May 2025, then 1.61%; 1.61% until 1 May 2026, then 1.55%; read at 1.55% on 1 May 2026.0.00%5.00%10.00%15.00%20.00%Dec 2014Dec 2016Dec 2018Dec 2020Dec 2022Dec 20241.68% before1.55% from 1 May 2026
LEOIX expense ratio: 1.68% until 29 Apr 2016, then 13.45%; 13.45% until 1 May 2017, then 3.55%; 3.55% until 1 May 2018, then 4.60%; 4.60% until 1 May 2019, then 3.87%; 3.87% until 1 May 2020, then 5.56%; 5.56% until 30 Apr 2021, then 3.81%; 3.81% until 29 Apr 2022, then 2.08%; 2.08% until 1 May 2023, then 2.44%; 2.44% until 1 May 2024, then 4.24%; 4.24% until 1 May 2025, then 1.61%; 1.61% until 1 May 2026, then 1.55%; read at 1.55% on 1 May 2026.0.00%5.00%10.00%15.00%20.00%Dec 2014Nov 2018Oct 20221.68% before1.55% 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
LEOIX (this page) Institutional Shares 1.55% 1.34% 1 May 2026
LEOOX Open Shares 2.61% 1.59% 1 May 2026
RLZEX R6 Shares 1.55% 1.29% 1 May 2026

Every figure we've recorded

DateFeeWhat happened
1 May 2026 1.55% 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 1.55% Cut from 1.61% to 1.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-23
1 May 2025 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2025 1.61% Cut from 4.24% to 1.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-06-25
1 May 2024 4.24% 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 4.24% Raised from 2.44% to 4.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-05-03
1 May 2023 2.44% 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 2.44% Raised from 2.08% to 2.44%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
29 Apr 2022 2.08% 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 2.08% Cut from 3.81% to 2.08%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-04-29
30 Apr 2021 3.81% 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 3.81% Cut from 5.56% to 3.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-04-29
1 May 2020 5.56% 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 5.56% Raised from 3.87% to 5.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-05-13
13 Dec 2019 3.87% 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 3.87% 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 3.87% Cut from 4.60% to 3.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-14
1 May 2018 4.60% 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 4.60% Raised from 3.55% to 4.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-05-18
1 May 2017 3.55% 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 3.55% Cut from 13.45% to 3.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-09-26
29 Apr 2016 13.45% 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 13.45% Raised from 1.68% to 13.45%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-05-19
1 May 2015 1.68% 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
31 Dec 2014 1.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-12-31 (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 1.55% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,856 in fees over 10 years

After fees, $10,000 grows to $13,985.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$159
3 years$493
5 years$850
10 years$1,856

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 14 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.

How we read fees

More Lazard funds

The cheapest of 31. All Lazard funds.