Lazard US Convertibles Institutional (CONIX)
| Fund Assets | 18.24M |
| Expense Ratio | 0.75% |
| Min. Investment | $10,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.84 |
| Dividend Yield | 6.63% |
| Dividend Growth | 248.13% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 12.63 |
| YTD Return | 6.62% |
| 1-Year Return | 21.01% |
| 5-Year Return | n/a |
| 52-Week Low | 9.41 |
| 52-Week High | 12.80 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | n/a |
About CONIX
The Lazard US Convertibles Portfolio – Institutional Shares is an actively managed mutual fund specializing in U.S. convertible securities. Its principal function is to provide institutional investors with diversified exposure to a unique hybrid asset class that combines features of both equities and bonds. Specifically, the portfolio invests predominantly in convertible securities—primarily issued by U.S. corporations—which grant investors the right to convert debt into equity under certain conditions, thereby offering potential capital appreciation and downside protection through fixed income characteristics. Up to 20% of the portfolio may be allocated to non-convertible securities or those not economically tied to the U.S., providing additional flexibility. The fund is benchmarked against the ICE BofA All U.S. Convertibles Index and managed by an experienced team at Lazard Asset Management, leveraging a rigorous, fundamental, bottom-up analysis approach alongside tactical asset allocation. The Lazard US Convertibles Portfolio plays a notable role in investment strategies seeking to benefit from equity market recoveries while maintaining defensive qualities during periods of volatility.
Performance
CONIX had a total return of 21.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.62%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CONOX | Open Shares | 1.00% |
| CONRX | R6 Shares | 0.70% |
Top 10 Holdings
22.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of America Corp | BAC.7.25 PERP L | 2.84% |
| Boeing Co/The | BA.6 10.15.27 | 2.59% |
| Western Digital Corp | WDC.3 11.15.28 | 2.34% |
| Strategy Inc | MSTR.0.625 03.15.30 | 2.32% |
| Bloom Energy Corp | BE.3 06.01.28 | 2.22% |
| Southern Co/The | n/a | 2.17% |
| Lumentum Holdings Inc | LITE.0.5 06.15.28 | 2.12% |
| PG&E Corp | n/a | 2.08% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 1.99% |
| Uber Technologies Inc | UBER.0 12.15.25 | 1.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.50218 | Dec 22, 2025 |
| Sep 19, 2025 | $0.02645 | Sep 22, 2025 |
| Aug 15, 2025 | $0.15938 | Aug 18, 2025 |
| Jun 20, 2025 | $0.03437 | Jun 23, 2025 |
| Mar 21, 2025 | $0.12128 | Mar 24, 2025 |
| Dec 20, 2024 | $0.05115 | Dec 23, 2024 |