Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end investment company that seeks to deliver a high level of total return, consisting of both current income and capital appreciation. Managed by Lazard Asset Management, the fund employs a flexible, multi-asset strategy that combines equity, fixed-income and convertible securities from around the world. By blending income-producing assets with growth-oriented holdings, the fund aims to generate consistent monthly distributions while capturing broader market upside over the long term.
The fund’s investment universe spans developed markets in North America, Europe and Asia-Pacific, as well as selected opportunities in emerging economies. Portfolio construction emphasizes diversification across regions and sectors, with a balance of government and corporate debt, dividend-paying stocks and convertibles. A disciplined research process, led by Lazard’s global team of portfolio managers and analysts, applies rigorous bottom-up security selection alongside top-down macro considerations to navigate changing economic environments.
Established in the late 1990s, Lazard Global Total Return and Income Fund has built a track record of adapting its holdings to shifting market dynamics while maintaining a focus on income generation. Over its history, the fund has employed modest leverage to enhance yield potential and has periodically adjusted its asset mix in response to evolving interest rate and equity market conditions. Regular reporting and shareholder communications aim to provide transparency into portfolio positioning and performance drivers.
The fund is governed by an independent board of trustees and benefits from the resources of Lazard’s global investment platform, which offers deep expertise across asset classes and geographies. Designed for investors seeking diversified exposure to both income and growth, LGI may serve as a core holding for those targeting dependable distributions alongside the potential for capital appreciation.
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