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Lazard World Dividend Income Fund Inc
Lazard World Dividend & Income Fund Inc. (LOR) is a publicly traded closed-end fund listed on the New York Stock Exchange (NYSE) under the ticker symbol LOR. Here are some key points about the company:
**Investment Objective:**
The Fund's investment objective is to provide a high level of current income and, to a lesser extent, capital appreciation by investing in a diversified portfolio of dividend-paying stocks and other income-producing securities.
**Business:**
Lazard World Dividend & Income Fund Inc. is an externally managed, non-diversified, closed-end management investment company. The Fund is managed by Lazard Asset Management LLC, a subsidiary of Lazard Ltd. The Fund's investment manager is responsible for selecting and managing the Fund's portfolio of dividend-paying stocks.
**Portfolio Holdings:**
The Fund's portfolio typically consists of a diversified mix of dividend-paying stocks, convertible securities, and other income-producing securities from around the world. The Fund's portfolio may include developed and emerging market stocks, as well as non-U.S. dollar-denominated securities.
**Investment Strategy:**
The Fund uses an active investment approach, where the investment manager selects stocks and securities based on a combination of fundamental research and quantitative analysis. The Fund's portfolio is typically diversified across various sectors, industries, and geographic regions.
**Key Performance Metrics:**
As of the latest available data (as of September 30, 2022):
* Net Asset Value (NAV) per Share: $10.44
* Market Price per Share: $11.14
* Total Net Assets: approximately $544 million
* Net Income: $9.1 million
* NAV Return (1-year): 12.45%
* Fund Yield (1-year): 9.45%
**Risks and Fees:**
The Fund is subject to various risks, including market risk, credit risk, interest rate risk, and currency risk. The Fund's investment in non-U.S. dollar-denominated securities may subject it to foreign currency exchange rate fluctuations. The Fund's investment in emerging markets and speculative-grade securities may be subject to greater credit risk.
As a closed-end fund, Lazard World Dividend & Income Fund Inc. is subject to a number of fees and expenses, including management fees, administrative fees, and other expenses. The Fund's annual management fee is 0.80%.
**Trading Information:**
The Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol LOR. The Fund's common stock is subject to fluctuations in market price and may be traded at a premium or discount to its NAV. You can find real-time quotes and other trading information on the NYSE website or through a financial intermediary.
Please note that this information is general in nature and is not intended to be investment advice. It is always important to consult with a financial advisor or conduct your own research before making any investment decisions.