The Lazard Next Gen Technologies ETF (TEKY) aims to invest globally in companies at the vanguard of creating or facilitating advanced technologies, with a significant focus on artificial intelligence (AI). The fund's portfolio typically consists of about 40 to 60 enterprises, distributed across three primary categories: hardware infrastructure providers, enabling technology innovators, and AI application developers. A sophisticated, proprietary data science platform is utilized to rigorously evaluate and rank potential securities. This assessment considers their engagement with AI, analyzing factors such as product offerings, intellectual property, research and development efforts, revenue generation, and market footprint. Subsequent to this systematic screening, a bottom-up stock selection approach is implemented, employing specific valuation methods—revenue-based for emerging firms and EV/EBITDA for established businesses. The ETF may hold various investment vehicles, including common and preferred shares, American and Global Depositary Receipts (ADRs, GDRs), warrants, rights, and participatory notes. Additionally, it reserves the right to use futures and swap contracts for either risk mitigation or return enhancement. Depending on market dynamics, the fund may also hedge foreign currency risk through forward contracts.

TEKY Holdings & Sector Breakdown

TEKY Holdings & Sector Breakdown