Lazard Enhanced Opportunities Portfolio Institutional Shares (LEOIX)

Fund Assets	82.14M
Expense Ratio	1.34%
Min. Investment	$10,000
Turnover	869.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Aug 14, 2026

Previous Close	9.82
YTD Return	5.03%
1-Year Return	8.97%
5-Year Return	28.62%
52-Week Low	9.07
52-Week High	9.91
Beta (5Y)	0.13
Holdings	302
Inception Date	n/a

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.

• Fund Family: Lazard
• Category: Relative Value Arbitrage
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: LEOIX
• Share Class: Institutional Shares

Performance

LEOIX had a total return of 8.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.52%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LEOOX	Open Shares	1.59%
RLZEX	R6 Shares	1.29%

Top 10 Holdings

52.01% of assets

Name	Symbol	Weight
Usd	n/a	9.14%
United States Treasury Bills 0.01%	B.0 01.21.27	9.14%
United States Treasury Bills 0.01%	B.0 11.27.26	5.71%
United States Treasury Bills 0.01%	B.0 11.05.26	4.55%
United States Treasury Bills 0.01%	B.0 12.03.26	4.50%
United States Treasury Bills 0.01%	B.0 11.19.26	4.45%
United States Treasury Bills 0.01%	B.0 09.24.26	4.35%
United States Treasury Bills 0.01%	B.0 12.10.26	4.18%
United States Treasury Bills 0.01%	B.0 10.08.26	3.72%
United States Treasury Bills 0.01%	B.0 10.15.26	2.26%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 14, 2026	$0.06308	Aug 17, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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