LGI - LGI: One Of The Most Durable Machines In Our Income Factory

July, 12 2021 10:55 PM Lazard Global Total Return and Income Fund

LGI is one of the "workhorse" funds in our Inside the Income Factory model portfolios, generating 52% total return over the past year, and over 18% year-to-date.
With a distribution policy of 7% of year-end NAV, we can already project another 8% increase in 6 months if it maintains its existing NAV.
Anyone confident the fund won't backslide on its NAV over the remaining year can lock in a future yield of 7.3% by buying at current price levels.
Obviously nothing is assured, but I would guess LGI is more likely to grow further this year than slip back.
So I will probably pick up more of it myself this week.

For further details see:

Company Name:	Lazard Global Total Return and Income Fund
Stock Symbol:	LGI
Market:	NYSE