Understanding the Lazard Global Total Return and Income Fund Inc (LGI)

What this ETF is trying to do

The Lazard Global Total Return and Income Fund Inc, which trades under the ticker symbol LGI, is an Exchange Traded Fund (ETF). This type of fund is designed to provide investors with both a "total return" (the increase in the price of the fund) and regular income.

What the numbers show

As of July 10, 2026, the current price of LGI is $18.74. Looking back at the past year, the price has grown. About 12 months ago, the estimated price was approximately $16.95. This means the price alone went up by about 10.56% over the last year.

When you look at "total return," which includes both price growth and the money paid out to investors, the numbers are even higher. The one-year total return is 22.43%. The three-year total return is a much larger 63.47%.

To see how price changes affect an investment, imagine you put $10,000 into this ETF at the estimated price from a year ago ($16.95). Before any extra money was paid out to you, that $10,000 would have grown to about $11,056 based on the price increase alone.

Income and distribution explanation

This fund is known for paying out regular income. The "distribution yield" is 10.43%, which is a measure of how much money the fund pays out compared to its price. Over the last 12 months, it made 13 distributions. These payments usually happen every month.

It is important to remember that a high yield alone can be misleading. A very high percentage might look good, but you must always check if the actual value of the fund is staying healthy.

NAV erosion explanation

"NAV erosion" happens when the value of the underlying assets in an ETF drops significantly over time. If an ETF's price falls from a high amount to a much lower amount, it can destroy your "principal." Principal is the original money you put in. If you invest $100 and the price drops to $50, you have lost half of your original money, even if the fund pays you some income.

In the case of LGI, no price erosion was detected. The data shows a "good" erosion score, meaning the price has been growing rather than shrinking.

Pros

• The fund has shown strong total returns over one, three, and year-to-date periods.

• It provides frequent income, usually on a monthly basis.

• The price has been increasing rather than falling.

Cons

• High yields can sometimes hide risks if the price is not stable.

• Investors must watch for any signs of the price dropping, which could offset the income earned.

Beginner takeaway

Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. They prefer this because it means their original investment stays safe while they collect the payments. LGI has shown a history of increasing its price along with its distributions, which is different from funds that collapse in price to pay out high yields.