Lazard Enhanced Opportunities Portfolio Institutional Shares (LEOIX)
| Fund Assets | 69.84M |
| Expense Ratio | 1.30% |
| Min. Investment | $10,000 |
| Turnover | 440.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.72% |
| Dividend Growth | -34.87% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Aug 15, 2025 |
| Previous Close | 9.54 |
| YTD Return | 1.59% |
| 1-Year Return | 10.90% |
| 5-Year Return | 26.90% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.56 |
| Beta (5Y) | 0.14 |
| Holdings | 265 |
| Inception Date | Dec 31, 2014 |
About LEOIX
Lazard Enhanced Opportunities Portfolio Institutional Shares is a mutual fund that employs a relative value arbitrage strategy, aiming to exploit pricing inefficiencies among related financial instruments. The fund primarily invests in convertible fixed income and preferred securities, often focusing on small- and mid-cap companies. Its approach includes both long and short positions across different asset classes, allowing managers to seek returns regardless of broad market direction. A distinctive characteristic of this fund is its hedged structure, which utilizes offsetting exposures to manage risk while targeting moderate returns uncorrelated with major market indices. The portfolio is highly concentrated, with the top holdings—many being U.S. Treasury securities and select convertible corporate bonds—comprising a significant portion of assets. Geographic allocation skews heavily toward North America, but the fund retains exposure to emerging Asian markets. Lazard Enhanced Opportunities Portfolio Institutional Shares is designed for institutional investors seeking diversified arbitrage opportunities. It stands out for its high portfolio turnover and dynamic management style, and it delivers semi-annual dividends. The fund’s core role is to provide diversified, lower-beta exposure within a multi-asset or alternative investment allocation.
Performance
LEOIX had a total return of 10.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.91%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| LEOOX | Open Shares | 1.55% |
| RLZEX | R6 Shares | 1.25% |
Top 10 Holdings
44.78% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0.01% | B.0 04.28.26 | 6.94% |
| United States Treasury Bills 0.01% | B.0 01.29.26 | 6.56% |
| United States Treasury Bills 0.01% | WIB.0 03.05.26 | 5.44% |
| Lazard Govt Mny Mmkt Ins Lzixx | n/a | 4.70% |
| United States Treasury Bills 0.01% | B.0 03.24.26 | 4.24% |
| Wayfair Inc 3.25% | W.3.25 09.15.27 | 4.23% |
| United States Treasury Bills 0.01% | B.0 01.13.26 | 3.50% |
| United States Treasury Bills 0.01% | B.0 02.12.26 | 3.28% |
| United States Treasury Bills 0.01% | B.0 01.27.26 | 3.27% |
| United States Treasury Bills 0.01% | B.0 01.20.26 | 2.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 15, 2025 | $0.06309 | Aug 18, 2025 |
| Dec 20, 2024 | $0.19104 | Dec 23, 2024 |
| Aug 16, 2024 | $0.25804 | Aug 19, 2024 |
| Dec 21, 2023 | $0.13213 | Dec 22, 2023 |
| Dec 22, 2022 | $0.42847 | Dec 23, 2022 |
| Aug 18, 2022 | $0.52871 | Aug 19, 2022 |