Lazard US Convertibles Open (CONOX)
| Fund Assets | 18.24M |
| Expense Ratio | 1.00% |
| Min. Investment | $10,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.82 |
| Dividend Yield | 6.46% |
| Dividend Growth | 282.51% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 12.62 |
| YTD Return | 6.62% |
| 1-Year Return | 21.32% |
| 5-Year Return | n/a |
| 52-Week Low | 9.42 |
| 52-Week High | 12.80 |
| Beta (5Y) | 0.73 |
| 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 21.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.13%.
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
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 | $0.49345 | Dec 22, 2025 |
| Sep 19, 2025 | $0.02645 | Sep 22, 2025 |
| 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 |