Lazard Global Total Return and Income Fund Common Stock (LGI)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a closed-end fund rather than an operating company, so the usual moat question is different. LGI invests globally in public equities, mostly companies above $5 billion, plus short-duration fixed income and currency contracts. Its durable advantage is mainly the Lazard brand and management process, not a wide economic moat. The numbers are mixed. At the 2026-10-13 close of $16.82, the FairStock figures show a P/E of 7.65 and a P/B of 0.92, so the market is valuing it below book. The Graham Number is $30.06, implying a 44.05% margin of safety on that calculation. The dividend yield is 10.72%, which is generous in isolation but demands scrutiny because closed-end funds can distribute capital. Financial health looks respectable on some measures: D/E is only 0.10 and Altman Z-Score is 5.72. ROE is 12.21%. But ROCE is just 0.40%, Piotroski F-Score is 0/9, and there are no revenue or profit growth figures. The Lynch category is none because there are only 0 years of filed results, while three are needed. That lack of history limits confidence. FairStock Score is 54/100. The fund's beta is 1.09, and the 52-week range is $15.32 to $19.88, with the current price nearer the low end. If the discount narrows and the distribution is sustainable, the valuation could reward patience. If the high yield reflects eroding capital or persistent skepticism, the apparent cheapness may be a trap.

In plain English: This is a fund that invests in large global stocks and some bonds, managed by Lazard. The numbers show it earns a moderate profit on shareholder money and carries little debt, but its fundamental-quality signals are weak and it has almost no filed history. The price looks cheap relative to its assets and profits, and it pays a large income stream, though that high payout may not be secure.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer