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Trending ETFs

Name

As of 03/27/2024

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

$17.82

$171 M

4.71%

$0.84

0.74%

Vitals

YTD Return

0.6%

1 yr return

9.3%

3 Yr Avg Return

0.9%

5 Yr Avg Return

2.7%

Net Assets

$171 M

Holdings in Top 10

15.1%

52 WEEK LOW AND HIGH

$17.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.74%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$17.82

$171 M

4.71%

$0.84

0.74%

LZHYX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.64%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Lazard US Corporate Income Portfolio
  • Fund Family Name
    LAZARDFUND
  • Inception Date
    Jan 02, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eulogio (Joe) Ramos

Fund Description

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

Under normal circumstances, the Portfolio invests at least 80% of its assets in high yield fixed-income securities issued by corporations or other non-governmental issuers similar to corporations, which securities are tied economically to the US. The Portfolio considers “high yield” fixed income securities to be those rated, at the time of purchase, below investment grade by S&P Global Ratings (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”) and as low as C or Ca by S&P or Moody’s, respectively, or the unrated equivalent as determined by the Investment Manager (“junk bonds”). The Portfolio may invest in dollar-denominated securities of non-US companies, including, to a limited extent, in emerging market companies.

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LZHYX - Performance

Return Ranking - Trailing

Period LZHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.9% 8.2% 89.86%
1 Yr 9.3% -4.3% 26.0% 88.89%
3 Yr 0.9%* -15.6% 20.6% 75.82%
5 Yr 2.7%* -11.2% 37.3% 79.45%
10 Yr 3.2%* -4.7% 19.5% 55.53%

* Annualized

Return Ranking - Calendar

Period LZHYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -4.7% 14.3% 33.70%
2022 -13.8% -33.4% 3.6% 23.20%
2021 -0.9% -8.4% 14.9% 78.63%
2020 0.6% -13.9% 302.7% 32.27%
2019 8.4% -4.4% 13.3% 44.31%

Total Return Ranking - Trailing

Period LZHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.9% 8.2% 89.86%
1 Yr 9.3% -4.3% 26.0% 88.89%
3 Yr 0.9%* -15.6% 20.6% 75.82%
5 Yr 2.7%* -11.2% 37.3% 79.45%
10 Yr 3.2%* -4.7% 19.5% 55.53%

* Annualized

Total Return Ranking - Calendar

Period LZHYX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -4.7% 18.7% 74.69%
2022 -9.9% -33.4% 47.8% 36.05%
2021 3.2% -8.4% 24.8% 85.81%
2020 5.2% -9.6% 325.6% 55.63%
2019 13.8% -3.8% 21.5% 49.48%

NAV & Total Return History


LZHYX - Holdings

Concentration Analysis

LZHYX Category Low Category High LZHYX % Rank
Net Assets 171 M 1.85 M 22.6 B 70.20%
Number of Holdings 124 2 2736 90.28%
Net Assets in Top 10 26 M -492 M 4.45 B 74.69%
Weighting of Top 10 15.05% 4.2% 149.6% 40.43%

Top 10 Holdings

  1. State Street Institutional Treasury Money Market Fund 4.68%
  2. Outfront Media Capital LLC / Outfront Media Capital Corp 1.29%
  3. Darling Ingredients Inc 1.16%
  4. 1011778 BC ULC / New Red Finance Inc 1.15%
  5. Herc Holdings Inc 1.14%
  6. Western Digital Corp 1.14%
  7. Clean Harbors Inc 1.13%
  8. HF Sinclair Corp 1.12%
  9. Avis Budget Car Rental LLC / Avis Budget Finance Inc 1.12%
  10. Service Corp International/US 1.12%

Asset Allocation

Weighting Return Low Return High LZHYX % Rank
Bonds
94.37% -3.13% 154.38% 54.38%
Cash
5.63% -52.00% 49.49% 32.25%
Convertible Bonds
0.65% 0.00% 17.89% 67.44%
Stocks
0.00% 0.00% 99.61% 76.96%
Preferred Stocks
0.00% 0.00% 8.06% 49.85%
Other
0.00% -63.70% 102.57% 50.46%

Bond Sector Breakdown

Weighting Return Low Return High LZHYX % Rank
Corporate
96.24% 0.00% 129.69% 38.33%
Cash & Equivalents
4.68% 0.00% 49.49% 32.56%
Securitized
0.41% 0.00% 97.24% 28.44%
Derivative
0.00% -15.04% 42.26% 39.66%
Municipal
0.00% 0.00% 4.66% 19.78%
Government
0.00% 0.00% 99.07% 42.66%

Bond Geographic Breakdown

Weighting Return Low Return High LZHYX % Rank
US
94.37% -3.13% 129.21% 40.28%
Non US
0.00% 0.00% 97.33% 48.61%

LZHYX - Expenses

Operational Fees

LZHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.04% 31.61% 72.69%
Management Fee 0.55% 0.00% 1.84% 43.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 1.20%

Sales Fees

LZHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LZHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 72.45%

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.

LZHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 1.00% 255.00% 7.30%

LZHYX - Distributions

Dividend Yield Analysis

LZHYX Category Low Category High LZHYX % Rank
Dividend Yield 4.71% 0.00% 35.52% 88.04%

Dividend Distribution Analysis

LZHYX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

LZHYX Category Low Category High LZHYX % Rank
Net Income Ratio 3.64% -2.39% 14.30% 81.95%

Capital Gain Distribution Analysis

LZHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

LZHYX - Fund Manager Analysis

Managers

Eulogio (Joe) Ramos


Start Date

Tenure

Tenure Rank

Feb 28, 2016

6.26

6.3%

Joe Ramos is a Portfolio Manager/Analyst on the U.S. Fixed Income team. Prior to joining Lazard in 2006, Joe was the Chief Investment Officer of Ambac Financial Group, Inc. Previously, Joe was a member at E.H. Capital Group, LLC, a Senior Vice President and Portfolio Manager at Lazard Asset Management, a First Vice President and Senior Portfolio Manager at Lehman Management Co., and a Senior Analyst in the Lehman Brothers Kuhn Loeb Fixed Income Research Department. He has a BS from New York University. Joe Ramos is a member of the CFA Institute, the NYSSA and the Economic Club of New York.

Jeffrey Clarke


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

Jeffrey Clarke, CFA, a Senior Vice President of Lazard, is a portfolio manager/analyst on the Investment Manager’s US Fixed Income team. Mr. Clarke primarily focuses on investment opportunities in the US Taxable markets, specializing in US Corporate High Yield credits. He began working in the investment field in 1999. Prior to joining Lazard in 2002, Jeffrey was a High Yield Research Analyst and Funds Administrator with OFFITBANK, and was also previously with the Bank of New York. He has an MBA from New York University and a BA in Business Administration from Hofstra University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17