Lazard US Equity Concentrated Portfolio Open Shares (LEVOX)
| Fund Assets | 37.37M |
| Expense Ratio | 1.10% |
| Min. Investment | $2,500 |
| Turnover | 146.00% |
| Dividend (ttm) | 5.62 |
| Dividend Yield | 151.44% |
| Dividend Growth | -34.22% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 13.35 |
| YTD Return | 1.35% |
| 1-Year Return | 4.17% |
| 5-Year Return | 36.77% |
| 52-Week Low | 3.76 |
| 52-Week High | 14.55 |
| Beta (5Y) | 1.10 |
| Holdings | 21 |
| Inception Date | Sep 30, 2005 |
About LEVOX
Lazard US Equity Concentrated Portfolio Open Shares is a mutual fund focused on achieving long-term capital appreciation through investments in U.S. equity securities. Managed by Lazard, the portfolio adopts a concentrated strategy, typically holding between 15 to 35 companies that span the full spectrum of market capitalizations, generally above $350 million. Its investment approach is benchmark-agnostic, prioritizing thorough fundamental analysis to identify stocks considered undervalued and those with strong financial productivity, such as high returns on equity and robust free cash flow. The fund falls into the "Large Blend" category, meaning it provides exposure to a broad range of large-cap U.S. stocks without a distinct value or growth tilt. Major holdings often include leading names in technology, consumer cyclical, financial services, and industrial sectors. With a high percentage of assets allocated to its top holdings, the fund is more concentrated than typical diversified equity funds, aiming to capitalize on the portfolio managers’ highest-conviction ideas. This concentrated structure positions the fund as a focused option within the U.S. equity landscape, suited for those seeking exposure to select, high-potential American companies identified through intensive research and analysis.
Performance
LEVOX had a total return of 4.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 21.80%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQCX | Fidelity | Fidelity Advisor Asset Manager 85% - Class Z | 0.57% |
| FBRNX | Fidelity | Fidelity Advisor Stock Selector Fund - Class I | 0.48% |
| FSSKX | Fidelity | Fidelity Stock Selector Fund - Class K | 0.36% |
| FSJHX | Fidelity | Fidelity Advisor Stock Selector Fund - Class M | 0.98% |
| FEYAX | Fidelity | Fidelity Advisor Asset Manager 85% - Class A | 0.94% |
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 | $16.85501 | Dec 23, 2024 |
| Dec 21, 2023 | $20.28158 | Dec 22, 2023 |
| Aug 17, 2023 | $5.34161 | Aug 18, 2023 |
| Dec 22, 2022 | $1.66104 | Dec 23, 2022 |
| Aug 18, 2022 | $1.02938 | Aug 19, 2022 |
| Dec 22, 2021 | $8.05523 | Dec 23, 2021 |