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Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lazard US Small-Mid Cap Equity Portfolio

LZSCX | Fund

$12.63

$40.1 M

0.00%

1.05%

Vitals

YTD Return

1.7%

1 yr return

11.6%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

5.7%

Net Assets

$40.1 M

Holdings in Top 10

18.7%

52 WEEK LOW AND HIGH

$12.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lazard US Small-Mid Cap Equity Portfolio

LZSCX | Fund

$12.63

$40.1 M

0.00%

1.05%

LZSCX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Lazard US Small-Mid Cap Equity Portfolio
  • Fund Family Name
    LAZARDFUND
  • Inception Date
    Oct 30, 1991
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Breslin

Fund Description

As of the Effective Date, the following will replace the section entitled “Principal Investment Strategies” in each summary prospectus and the Portfolio’s summary section entitled “Principal Investment Strategies” in each prospectus:

The Portfolio invests primarily in equity securities, principally common stocks, of small cap US companies. The Investment Manager considers “small cap companies” to be those companies that, at the time of initial purchase by the Portfolio, have market capitalizations within the range of companies included in the Russell 2000® Index (ranging from approximately $3.8 million to $12.8 billion as of June 15, 2023).

Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of small cap US companies. The Investment Manager focuses on relative value in seeking to construct a diversified portfolio of investments for the Portfolio that maintains sector and industry balance, using investment opportunities identified through bottom-up fundamental research conducted by the Investment Manager’s small cap and global research analysts.

The Portfolio may invest up to 20% of its assets in the securities of larger or smaller US or non-US companies.

Dated: June 30, 2023

Read More

LZSCX - Performance

Return Ranking - Trailing

Period LZSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -12.0% 15.5% 26.94%
1 Yr 11.6% -14.8% 47.3% 69.26%
3 Yr -1.2%* -11.1% 38.2% 69.00%
5 Yr 5.7%* -14.5% 30.3% 78.35%
10 Yr 6.8%* -3.0% 16.4% 62.82%

* Annualized

Return Ranking - Calendar

Period LZSCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -49.6% 29.0% 92.07%
2022 -18.4% -59.3% 118.2% 31.46%
2021 3.8% -31.6% 39.3% 71.32%
2020 5.7% -51.0% 39.5% 76.23%
2019 25.9% -16.9% 37.8% 9.43%

Total Return Ranking - Trailing

Period LZSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -12.0% 15.5% 26.94%
1 Yr 11.6% -14.8% 47.3% 69.26%
3 Yr -1.2%* -11.1% 38.2% 69.00%
5 Yr 5.7%* -14.5% 30.3% 78.35%
10 Yr 6.8%* -3.0% 16.4% 62.82%

* Annualized

Total Return Ranking - Calendar

Period LZSCX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -21.7% 31.8% 89.01%
2022 -15.2% -45.2% 123.7% 30.38%
2021 19.9% 0.0% 47.7% 69.12%
2020 6.4% -50.5% 46.9% 81.32%
2019 30.0% -12.6% 43.7% 8.25%

NAV & Total Return History

LZSCX - Holdings

Concentration Analysis

LZSCX Category Low Category High LZSCX % Rank
Net Assets 40.1 M 529 K 145 B 91.37%
Number of Holdings 79 2 2519 79.58%
Net Assets in Top 10 7.37 M 104 K 9.83 B 92.43%
Weighting of Top 10 18.69% -2849.0% 100.5% 42.58%

Top 10 Holdings

  1. Wintrust Financial Corp 2.17%
  2. Home BancShares Inc/AR 2.10%
  3. Commerce Bancshares Inc/MO 2.10%
  4. New Jersey Resources Corp 1.92%
  5. Antero Resources Corp 1.84%
  6. Middleby Corp/The 1.81%
  7. Stifel Financial Corp 1.80%
  8. Magnolia Oil Gas Corp 1.68%
  9. Helen of Troy Ltd 1.64%
  10. Sterling Check Corp 1.64%

Asset Allocation

Weighting Return Low Return High LZSCX % Rank
Stocks 		97.48% -565235.00% 108.16% 68.66%
Cash 		2.52% 0.00% 565934.00% 38.20%
Preferred Stocks 		0.00% 0.00% 7.53% 69.89%
Other 		0.00% -598.74% 39.24% 78.35%
Convertible Bonds 		0.00% 0.00% 3.17% 68.96%
Bonds 		0.00% -2.00% 74.53% 70.60%

Stock Sector Breakdown

Weighting Return Low Return High LZSCX % Rank
Technology 		17.97% 0.00% 54.70% 15.84%
Industrials 		17.32% 2.46% 37.42% 41.99%
Financial Services 		13.63% 0.00% 35.52% 84.16%
Consumer Cyclical 		12.59% 0.99% 47.79% 25.44%
Healthcare 		10.88% 0.00% 26.53% 70.82%
Real Estate 		8.50% 0.00% 29.43% 35.59%
Energy 		5.66% 0.00% 37.72% 60.32%
Basic Materials 		4.28% 0.00% 18.66% 58.90%
Consumer Defense 		3.83% 0.00% 18.87% 62.63%
Communication Services 		3.45% 0.00% 14.85% 30.25%
Utilities 		1.89% 0.00% 18.58% 67.08%

Stock Geographic Breakdown

Weighting Return Low Return High LZSCX % Rank
US 		97.48% -565235.00% 108.16% 62.32%
Non US 		0.00% 0.00% 94.14% 75.53%

LZSCX - Expenses

Operational Fees

LZSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 38.45% 52.39%
Management Fee 0.75% 0.00% 1.50% 58.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 4.74%

Sales Fees

LZSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LZSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LZSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 1.00% 314.00% 72.37%

LZSCX - Distributions

Dividend Yield Analysis

LZSCX Category Low Category High LZSCX % Rank
Dividend Yield 0.00% 0.00% 43.91% 8.45%

Dividend Distribution Analysis

LZSCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Semi-Annually Annual

Net Income Ratio Analysis

LZSCX Category Low Category High LZSCX % Rank
Net Income Ratio 0.05% -2.40% 2.49% 57.65%

Capital Gain Distribution Analysis

LZSCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

LZSCX - Fund Manager Analysis

Managers

Daniel Breslin

Start Date

Tenure

Tenure Rank

May 01, 2007

15.09

15.1%

Daniel Breslin, a Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s US Small-Mid Cap Equity team. He began working in the investment field in 1992. Prior to joining the Investment Manager in 2002, Mr. Breslin was with Guardian Life and New York Life. He has an MBA from Pace University and a BA from Rutgers University.

Michael DeBernardis

Start Date

Tenure

Tenure Rank

Oct 08, 2010

11.65

11.7%

Michael DeBernardis is a Portfolio Manager/Analyst on the US Small-Mid Cap Equity and Global Small Cap Equity teams with responsibility for coverage of the Consumer Supply Chain and Defense sectors. He began working in the investment industry in 1996. Prior to joining Lazard in 2005, Michael was a Senior Equity Analyst at Systematic Financial Management L.P. and a Market Data Analyst at Salomon Smith Barney. Michael has an MBA from New York University’s Stern School of Business and a BS in Finance from the University of Rhode Island.

Martin Flood

Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Martin Flood is a Managing Director and Portfolio Manager/Analyst on various US and global equity strategies, focusing on client communications. In addition, Martin is a Portfolio Manager/Analyst for the US Equity Select Tax Aware strategy, which focuses on after-tax returns for private clients. He began working in the investment field in 1993. Prior to joining Lazard in 1996, Martin was a Senior Accountant with Arthur Andersen LLP. He has a BS in accounting from St. John's University.

Janice Davies

Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Janice Davies, a Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s US Small-Mid Cap Equity team. She joined the Investment Manager in 2021 and has been working in the investment field since 1999

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.06 2.58

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