Lazard Next Gen Technologies ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About TEKY
Under normal circumstances, the Portfolio investsat least 80% of its net assets (plus any borrowings for investment purposes) in equity and equity-relatedsecurities of or related to Next Gen Technologies Companies located throughout the world. Next Gen TechnologiesCompanies considered for inclusion in the investment universe include artificial intelligence (“AI”)(i.e., computer systems with capabilities to performtasks typically requiring human cognitive abilities such as learning, reasoning, problem solving, or decisionmaking) companies that are developing the next generation of automation application, including:· Hardware Infrastructure (e.g.,semiconductor designers and manufacturers, cloud service providers, data center builders); · Enabling Technologies (e.g., software platform developers, cybersecurity vendors); and · AI Application Vendors (e.g., enterprises developing own AI solutions, AI application developers and relatedservices providers).The Portfolio typically investsin approximately 40 to 60 companies.Equity and equity-relatedsecurities include common and preferred stock, American Depositary Receipts (“ADRs”), Global DepositaryReceipts, warrants, rights and participatory notes.The InvestmentManager employs an internally developed proprietary data science platform to quickly analyze a largenumber of stocks from the broader equity universe for their exposure to the next generation technologiesinvestment trend and to determine an initial investable universe of Next Gen Technologies Companies.Each of the stocks within this initial investable universe are then ranked by the Investment Manageraccording to their overall business exposure to the next generation technologies investment trend –the extent to which a company may meet either or both of the foregoing criteria. This exposure is measuredin terms of a company’s business activity through its products/services, assets (e.g., intellectualproperty), research and development pipeline, market share, growth, revenue, and/or earnings.TheInvestment Manager then uses a bottom-up stock selection process to assess and value the security onan ongoing basis (the methodology to be used would depend on various factors, such as the lifecycle stageof the issuer. For example, for smaller early lifecycle stage companies, traditional revenue growth metricsmay be considered most appropriate for valuation purposes, whereas securities of more established, stablepositive cash-flow generative businesses with high market share might be most appropriately valued onthe basis of an expected value (“EV”)/earnings before interest, taxes, depreciation and amortization(“EBITDA”) multiple approach). Additionally, detailed financial modeling is performed in order toassess the security’s fair value. Next, the Investment Manager reduces the investable universe usingfundamental analysis and research on the companies identified.The Portfoliowill be concentrated (i.e., hold more than 25% of the value of the Portfolio’s assets) in securitiesof issuers having their principal business activities in the group of industries that comprise the industrialsand information technology sectors.The Portfolio may invest inexchange-traded funds (“ETFs”). The Portfolio may, but is not required to, enter into futures contractsor swap agreements, in each case for hedging purposes or to seek to increase returns.TheInvestment Manager may enter into foreign currency forward contracts to hedge some or all foreign currencyexposure in the Portfolio against movements relative to the U.S. dollar and generally not for the purposeof generating investment returns. However, the Investment Manager may determine not to hedge some orall of the Portfolio’s foreign currency exposure from time-to-time or at any time.ThePortfolio is classified as “non-diversified” under the Investment Company Act of 1940, as amended,which means that it may invest a relatively high percentage of its assets in a limited number of issuers,when compared to a diversified fund.
TEKY News
- No recent news found for TEKY.
Data for TEKY is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.