Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX)
| Fund Assets | 69.84M |
| Expense Ratio | 1.55% |
| Min. Investment | $2,500 |
| Turnover | 440.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.46% |
| Dividend Growth | -37.56% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Aug 15, 2025 |
| Previous Close | 9.59 |
| YTD Return | 1.59% |
| 1-Year Return | 10.98% |
| 5-Year Return | 25.66% |
| 52-Week Low | 8.66 |
| 52-Week High | 9.60 |
| Beta (5Y) | n/a |
| Holdings | 265 |
| Inception Date | Dec 31, 2014 |
About LEOOX
Lazard Enhanced Opportunities Portfolio Open Shares is a mutual fund designed to provide current income and long-term capital appreciation through a sophisticated relative value arbitrage strategy. Its primary function is to exploit pricing discrepancies between pairs or combinations of securities, regardless of asset class, by utilizing a combination of long and short positions across convertible fixed income and preferred securities, including those rated below investment grade. The portfolio is non-diversified and invests mainly in U.S. companies, but also allocates to non-U.S. issuers, such as depositary receipts and shares. With over 600 holdings, the fund maintains a low beta profile, reflecting its low correlation with major market indexes, and aims for returns that are less dependent on broad market movements. Investors benefit from semi-annual dividend payouts, and the fund has demonstrated consistent performance over multiple years. Its approach can involve high portfolio turnover as it seeks opportunities for arbitrage and value convergence. This fund plays a specialized role in the market by offering access to alternative investment strategies that seek to deliver risk-adjusted returns through dynamic asset allocation and hedged exposures.
Performance
LEOOX had a total return of 10.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.43%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| LEOIX | Institutional Shares | 1.30% |
| 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 | $0.16917 | Dec 23, 2024 |
| Aug 16, 2024 | $0.25804 | Aug 19, 2024 |
| Dec 21, 2023 | $0.11394 | Dec 22, 2023 |
| Dec 22, 2022 | $0.40236 | Dec 23, 2022 |
| Aug 18, 2022 | $0.52871 | Aug 19, 2022 |