Lazard US Convertibles Institutional (CONIX)
| Fund Assets | 16.31M |
| Expense Ratio | 0.75% |
| Min. Investment | $2,500 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.33% |
| Dividend Growth | -36.46% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 20, 2025 |
| Previous Close | 11.88 |
| YTD Return | 7.12% |
| 1-Year Return | 12.81% |
| 5-Year Return | n/a |
| 52-Week Low | 9.99 |
| 52-Week High | 11.88 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| 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 12.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.79%.
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
25.74% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 3.44% |
| Bank of America Corp | BAC.7.25 PERP L | 3.23% |
| NextEra Energy Capital Holdings Inc | NEE.3 03.01.27 | 2.86% |
| Boeing Co/The | n/a | 2.62% |
| PG&E Corp | PCG.4.25 12.01.27 | 2.56% |
| Southern Co/The | SO.3.875 12.15.25 | 2.52% |
| MicroStrategy Inc | MSTR.0.625 03.15.30 | 2.48% |
| Live Nation Entertainment Inc | LYV.2.875 01.15.30 | 2.02% |
| Airbnb Inc | ABNB.0 03.15.26 | 2.01% |
| Uber Technologies Inc | n/a | 2.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.03437 | Jun 23, 2025 |
| Mar 21, 2025 | $0.12128 | Mar 24, 2025 |
| Dec 20, 2024 | $0.05115 | Dec 23, 2024 |
| Sep 20, 2024 | $0.06822 | Sep 23, 2024 |
| Jun 21, 2024 | $0.06176 | Jun 24, 2024 |
| Mar 21, 2024 | $0.06121 | Mar 22, 2024 |