Lazard US Convertibles Open (CONOX)
| Fund Assets | 16.47M |
| Expense Ratio | 1.00% |
| Min. Investment | $2,500 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.42% |
| Dividend Growth | -22.15% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Aug 15, 2025 |
| Previous Close | 11.77 |
| YTD Return | 8.11% |
| 1-Year Return | 12.22% |
| 5-Year Return | n/a |
| 52-Week Low | 9.99 |
| 52-Week High | 11.88 |
| Beta (5Y) | 0.70 |
| Holdings | 103 |
| Inception Date | n/a |
About CONOX
Lazard US Convertibles Portfolio is a mutual fund that primarily invests in US convertible securities, which are hybrid financial instruments that can be converted from bonds into equities. The core objective of the portfolio is long-term capital appreciation, achieved by allocating at least 80% of its assets to convertible securities, with some exposure to equities resulting from bond conversions. The fund offers investors access to a unique segment of the market that combines characteristics of both fixed income and equities, aiming to provide the potential for equity-like returns with some downside protection from the bond component. This portfolio is managed by an experienced team at Lazard Asset Management, whose investment process involves rigorous bottom-up qualitative and quantitative security selection, complemented by top-down tactical positioning. The portfolio can invest up to 20% in other securities not required to be convertible or not economically tied to the US, which offers flexibility and diversification. Benchmarked against the ICE BofA All U.S. Convertibles Index, the fund plays a notable role in providing investors with access to US economic sectors that may benefit from equity market recoveries, while also mitigating volatility in times of market uncertainty.
Performance
CONOX had a total return of 12.22% 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 |
|---|---|---|
| CONIX | Institutional Shares | 0.75% |
| CONRX | R6 Shares | 0.70% |
Top 10 Holdings
25.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 4.22% |
| MicroStrategy Inc | MSTR.0.625 03.15.30 | 3.10% |
| Bank of America Corp | BAC.7.25 PERP L | 2.90% |
| Boeing Co/The | BA.6 10.15.27 | 2.73% |
| NextEra Energy Capital Holdings Inc | NEE.3 03.01.27 | 2.58% |
| Southern Co/The | SO.3.875 12.15.25 | 2.30% |
| PG&E Corp | PCG.4.25 12.01.27 | 2.20% |
| Uber Technologies Inc | UBER.0 12.15.25 | 2.07% |
| Live Nation Entertainment Inc | LYV.2.875 01.15.30 | 1.94% |
| ON Semiconductor Corp | ON.0.5 03.01.29 | 1.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 15, 2025 | $0.15938 | Aug 18, 2025 |
| Jun 20, 2025 | $0.02737 | Jun 23, 2025 |
| Mar 21, 2025 | $0.11453 | Mar 24, 2025 |
| Dec 20, 2024 | $0.04343 | Dec 23, 2024 |
| Sep 20, 2024 | $0.06142 | Sep 23, 2024 |
| Jun 21, 2024 | $0.05519 | Jun 24, 2024 |