LGI
Lazard Global Total Return & Income FundLGI
LGI
About: Lazard Global Total Return & Inc Fd Inc is a United States-based diversified, closed-end management investment company. Its investment objective is total return consisting of capital appreciation and income. The fund's portfolio of investments consists of different sector investments such as consumer staples, financials, consumer discretionary, healthcare, materials, sovereign debt, and others.
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
8% more funds holding
Funds holding: 36 [Q2] → 39 (+3) [Q3]
5.73% less ownership
Funds ownership: 30.2% [Q2] → 24.47% (-5.73%) [Q3]
12% less capital invested
Capital invested by funds: $65.4M [Q2] → $57.7M (-$7.72M) [Q3]
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
Research analyst outlook
We haven’t received any recent analyst ratings for LGI.
Financial journalist opinion
Based on 3 articles about LGI published over the past 30 days
Neutral
Seeking Alpha
2 weeks ago
LGI: Recent U.S. Dollar Strength Proves Problematic For This CEF (Downgrade)
The Lazard Global Total Return and Income Fund Inc. offers a high 10.98% yield, appealing to income-seeking investors without sacrificing equity exposure. The LGI closed-end fund has underperformed the major indices over the past five years, so investors are sacrificing return for income. The fund's recent underperformance is attributed to its currency investments, particularly short positions in U.S. dollars, which have suffered due to the dollar's strength.
Neutral
Business Wire
2 weeks ago
Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, as previously authorized by its Board of Directors pursuant to a Managed Distribution Policy, a monthly distribution of $0.14646, equivalent to 10% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2024 on the Fund's outstanding common stock. The distribution is payable on January 22, 2025 to shareholders of record on January 10,.
Neutral
Business Wire
4 weeks ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in November
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on January 22, 2025 to shareholders of record on January 10, 2025. The ex-dividend date is January 10, 2025. The Fund will pay a previously declared distribution today,.
Neutral
Business Wire
2 months ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in October
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on December 23, 2024 to shareholders of record on December 11, 2024. The ex-dividend date is December 11, 2024. The Fund will pay a previously declared distribution tod.
Neutral
Business Wire
3 months ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in September
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on November 22, 2024 to shareholders of record on November 12, 2024. The ex-dividend date is November 12, 2024. The Fund will pay a previously declared distribution tod.
Positive
Seeking Alpha
3 months ago
LGI: Discount Narrows With Distribution Policy Shift Earlier This Year
Lazard Global Total Return and Income Fund has seen its discount narrow significantly, helping to push the fund to outperform the S&P 500 over the past year. The fund's managed distribution policy was increased from 7% to 10%, a factor contributing to the discount narrowing and making it less of a bargain than it had been. LGI's portfolio includes global equity exposure and forward currency contracts, enhancing the potential for providing distribution coverage but also increasing leverage and risk.
Neutral
Business Wire
3 months ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in August
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on October 22, 2024 to shareholders of record on October 11, 2024. The ex-dividend date is October 11, 2024. The Fund will pay a previously declared distribution today,.
Positive
Seeking Alpha
4 months ago
LGI: High Yield And Exposure To Outperforming Foreign Assets (Rating Upgrade)
The Lazard Global Total Return and Income Fund Inc offers high current income by investing in global equities, providing better inflation protection than fixed-income securities. Despite recent share price underperformance, including distributions reveals the LGI closed-end fund's total return outpaced both the S&P 500 and MSCI World Index. The fund's U.S. exposure is high, but lower than the MSCI World Index, so it should offer better returns if foreign markets continue to outperform the U.S.
Neutral
Business Wire
5 months ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in July
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on September 23, 2024 to shareholders of record on September 11, 2024. The ex-dividend date is September 11, 2024. The Fund will pay a previously declared distribution.
Neutral
Business Wire
6 months ago
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in June
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on August 22, 2024 to shareholders of record on August 12, 2024. The ex-dividend date is August 12, 2024. The Fund will pay a previously declared distribution today, Ju.
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