LAZARD CONVERTIBLE GLOBAL is an active fund from Lazard Asset Management, ISIN FR0013185535.
Active
Global
Fund size (GBP) £1.7B
The UCITS aims to outperform the benchmark index, the FTSE Convertible Global Focus in euro, over the medium term. Hedged shares track the same index, but with currency risk hedging in the currency of the share. This objective will be achieved through dynamic management of interest rate, currency and credit risks and through selective choices of equity securities. The portfolio will mainly consist of convertible bonds, bonds exchangeable for shares, bonds with share warrants, bonds and negotiable debt securities issued by companies and exchangeable for shares, perpetual preferred securities, bonds and negotiable debt securities issued by companies and financial institutions and by sovereign states, money-market or bond UCITS governed by French law, both compliant and non-compliant with the directive, invested in bonds and other debt securities denominated in euro (maximum 10%), shares resulting from the conversion of one of the types of instruments defined above (maximum 10%).
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−0.1%Q3
1 year return
+18.9%Q4
3 year return
−4.1%Q4
5 year return
Chart type
Compare with
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−3.2%
3 months−5.2%
Volatility, 3 years10.1%
Ongoing charge (OCF)
Fund size (GBP)£1.7B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 6 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.
Communications27.3%
Manufacturing26.4%
Financial Services11.6%
See all sectorsA free account shows the full list.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.
USA62.1%
China11.8%
Japan6.1%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.
Convertibles96.7%
Cash & Cash Equivalents3.9%
Japanese Equities0.9%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 6 Oct 2026.
1. BIDU 0 03/12/322.7%
2. RIVIAN AUTOMOTIVE, INC. 4.625% BDS 15/03/29 USD10002.4%
3. CMS ENERGY CORPORATION2.3%
4. Snowflake Inc 0% 01/10/272.2%
5. DOORDASH INC 0.0000 CONV 15/05/2030 SERIES CORP2.2%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years10.1%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.30
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−9.8%
Alpha, 3 years (FE)
−6.70
Beta, 3 years (FE)
1.39
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.
Regulatory risk rating (SRRI)4 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
FR0013185535
Fund manager
Brillois
Management company
Lazard Frères Gestion
Depositary
CACEIS FA
Benchmark
Refinitiv Global Focus Convertible Index Total Return hedged in EUR
Ongoing charge
Share class launch date
30 Sep 2016
Domicile
FR
Fund type
open-ended fund
SRRI
4 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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