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* Updated fund payment notices along with historical distribution information is provided below. Please note the name of the Lazard Global Small Cap Fund changed to the Lazard Global Small Cap Equity Advantage Fund effective 24 December 2024.
A Target Market Determination (TMD), required under section 994B of the Corporations Act 2001 (Cth), is a written document that sets out the class of consumers for whom a product, including its key attributes, would likely be consistent with their likely objectives, financial situation and needs. We have set out below the TMD for each of our Funds. It is recommended that investors consider whether their own objectives, financial situation and needs are consistent with the target market of the Fund in which they are considering to invest or are currently invested. If you require further information, please email investorqueries@lazard.com or phone us on 1800 825 287.
Lazard Asset Management Pacific Co. ABN 13 064 523 619 AFSL 238432 in its capacity as responsible entity (RE) of the registered managed investment schemes listed below (each a Fund and collectively the Funds), gives notice pursuant to section 110K of the Corporations Act 2001 (Cth) (Corporations Act) of the rights of members of a Fund (Members) to:
Funds
Lazard Emerging Markets Equity Fund | ARSN 093 567 616 |
Lazard Global Small Cap Equity Advantage Fund | ARSN 093 567 821 |
Lazard Australian Equity Fund | ARSN 095 114 631 |
Lazard Select Australian Equity Fund | ARSN 095 115 414 |
Lazard Defensive Australian Equity Fund | ARSN 163 078 813 |
Lazard Global Listed Infrastructure Fund | ARSN 116 229 675 |
Lazard Global Equity Franchise Fund | ARSN 605 065 807 |
Lazard Emerging Markets Total Return Debt Fund | ARSN 162 470 046 |
Lazard Global Convertibles Fund | ARSN 640 152 030 |
Lazard Global Equity Franchise Fund (Hedged) | ARSN 644 812 742 |
Lazard Global Digital Health Fund | ARSN 647 504 952 |
Lazard Japanese Strategic Equity Fund | ARSN 679 620 369 |
Among other documents, the RE is required or permitted to send the following documents in relation to a Fund to Members, and Members are entitled to receive:
The RE will send these Documents (and other documents that the RE is required or permitted to send to members of a registered managed investment scheme under provisions in Chapters of the Corporations Act that are specified for this purpose and which includes Chapter 5C) to Members in any manner permitted by the Corporations Act, by making them readily available by means of its website at www.lazardassetmanagement.com, unless with respect to those Members only from whom the RE receives an election or ad hoc request, in accordance with their rights as outlined below.
Any previous election provided by a Member to the RE in relation to the Documents, before the date of this Notice, will continue to apply until withdrawn or an election is made by the Member under this Notice or any subsequent notice pursuant to section 110K of the Corporations Act.
Members' rights in relation to the Documents
Elections
Each Member is entitled to:
a. elect to be sent all Documents (or a specified class or specified classes of Documents) in either physical form or electronic form; and
b. elect not to be sent Annual Reports of the Fund and any other documents prescribed regulations (none at present),
by notifying the RE of their election.
If a Member's election is to receive a Document in physical form, where they have previously requested to not receive a Document/s or to receive a Document/s electronically, the election must be received by the RE at least 30 days prior to the time the Document is required or permitted to be sent by the RE to the Member. Otherwise, a Member's election will generally be in force from the first business day after the RE receives notice of the election (unless a later time is specified) until the first business day after the RE receives notice from the Member that the election is withdrawn or amended.
Ad Hoc Requests
A Member is also entitled to request that the RE send a particular Document to the Member in physical form or in electronic form provided the request is made within a reasonable time before the RE is required or permitted to send the Document to the Member or, if there is no time by which the RE is required or permitted to send the Document to the Member, within a reasonable time after the Document has been sent to the Member.
The RE will take reasonable steps to meet such an ad hoc request by whichever is the later of the time that the RE is required or permitted to send the Document to the Member and 3 business days. An ad hoc request will not be treated as an election described above unless the Member indicates that this is the case.
Making your Elections and/or Ad Hoc Requests
As a Member, you can make your election or withdraw a previous election and/or make any ad hoc request to the RE by any of the following means:
Published August 2024
All values in AUD unless otherwise specified
Investments can go up and down. The net returns are calculated using the Fund's Net Asset Value unit price and are quoted after the deduction of Management Costs. Performance assumes reinvestment of all distributions. Information presented has been obtained or derived from sources believed by Lazard to be reliable. Lazard makes no representation as to their accuracy or completeness. Source: Lazard, S&P and MSCI. Performance for periods shorter than one year has not been annualized. Performance presented net of fees.