Lazard Retirement Emerging Markets Equity

  • Trading Symbol: FNRLC

Morningstar® Snapshot*

Returns 5 out of 5, High Returns
Expenses Not available
Not Available
Risk of this Category Category Risk Rating:8, where 1 is Lower and 10 is Higher

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Expense data not reported by Morningstar.


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AS OF 3/31/2014; *YTD AS OF 4/17/2014; **SUBACCOUNT INCEPTION 5/1/2006
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life of Fund**
FNRLC +1.59% -1.24% -0.85% +15.31% +5.07%

Hypothetical Growth of $10,000

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Shows growth of hypothetical $10,000 investment in Lazard Retirement Emerging Markets Equity fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

Fund Manager(s)

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Erik McKee since 7/31/2008 Rohit Chopra since 5/1/2007 James Donald since 11/1/2001 John Reinsberg since 11/3/1997

Fund Overview


The investment seeks long-term capital appreciation.


The fund invests primarily in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in emerging market countries and that the Investment Manager believes are undervalued based on their earnings, cash flow or asset values. Under normal circumstances, it invests at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries.


Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available.


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Morningstar Category
Diversified Emerging Mkts
Subaccount Inception
Unit Value
Turnover Rate
Annual Maintenance Fee
Net Assets ($M)
12 Month Low-High
$13.01 - $15.66

Top 10 Holdings

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AS OF 3/31/2014
Top 10 Holdings
Banco do Brasil SA BB Brasil 3.42%
Samsung Electronics Co Ltd 3.39%
Taiwan Semiconductor Manufacturing Co Ltd 3.28%
Sberbank Of Russia 3.13%
China Construction Bank Corp H Shares 2.95%
Pacific Rubiales Engy 2.76%
Cielo SA 2.53%
Shinhan Financial Group Co., Ltd. 2.36%
Telekomunikasi Indonesia (Persero) Tbk ADR 2.26%
Hyundai Mobis Co., Ltd 2.16%
% of Total Portfolio 28.24%
out of 84 holdings
View Composition

Quarter-End Average Annual Total Returns

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AS OF 3/31/2014; *SUBACCOUNT INCEPTION 5/1/2006

EXPENSE RATIO (GROSS):Glossary definition opens in new window.
1.14% AS OF 12/31/2013
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Lazard Retirement Emerging Markets Equity -1.24% -0.85% 15.31% -- 5.07%

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