Lazard US Equity Concentrated Portfolio Institutional Shares (LEVIX)
| Fund Assets | 37.37M |
| Expense Ratio | 0.85% |
| Min. Investment | $10,000 |
| Turnover | 146.00% |
| Dividend (ttm) | 5.64 |
| Dividend Yield | 52.04% |
| Dividend Growth | -34.29% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 12.94 |
| YTD Return | 1.41% |
| 1-Year Return | 4.44% |
| 5-Year Return | 38.89% |
| 52-Week Low | 3.60 |
| 52-Week High | 13.94 |
| Beta (5Y) | n/a |
| Holdings | 21 |
| Inception Date | Sep 30, 2005 |
About LEVIX
Lazard US Equity Concentrated Portfolio Institutional Shares is an actively managed mutual fund that focuses on investing in equity securities of U.S. companies. The fund is characterized by its concentrated approach, typically holding a select portfolio of 15 to 35 stocks, primarily in large-cap firms with market capitalizations generally above $350 million. Its strategy centers on seeking both capital preservation and long-term appreciation through carefully selected positions across various sectors such as healthcare, technology, financial services, real estate, and industrials. Notably, the fund allocates a significant portion of its assets to its top holdings, with over 60% in its ten largest investments, underscoring its focused investment methodology. Designed for institutional investors, it features a relatively high turnover rate and a minimum initial investment requirement, reflecting its tailored approach to larger portfolios. The portfolio serves as a targeted solution within the large blend category, aiming to offer concentrated exposure to leading U.S. corporations while balancing risk through selective diversification.
Performance
LEVIX had a total return of 4.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 22.75%.
Top 10 Holdings
65.74% of assets| Name | Symbol | Weight |
|---|---|---|
| Amazon.com, Inc. | AMZN | 9.02% |
| Advanced Micro Devices, Inc. | AMD | 8.06% |
| DigitalOcean Holdings, Inc. | DOCN | 7.96% |
| Marvell Technology, Inc. | MRVL | 7.89% |
| Microsoft Corporation | MSFT | 7.29% |
| First Watch Restaurant Group, Inc. | FWRG | 6.50% |
| Floor & Decor Holdings, Inc. | FND | 4.87% |
| Zeta Global Holdings Corp. | ZETA | 4.79% |
| Meta Platforms, Inc. | META | 4.69% |
| RH | RH | 4.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $16.92384 | Dec 23, 2024 |
| Dec 21, 2023 | $20.41313 | Dec 22, 2023 |
| Aug 17, 2023 | $5.34161 | Aug 18, 2023 |
| Dec 22, 2022 | $1.78691 | Dec 23, 2022 |
| Aug 18, 2022 | $1.02938 | Aug 19, 2022 |
| Dec 22, 2021 | $8.22628 | Dec 23, 2021 |