Lazard US High Yield Portfolio Institutional Shares (LZHYX)
| Fund Assets | 126.89M |
| Expense Ratio | 0.57% |
| Min. Investment | $100,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.79 |
| Dividend Yield | 4.20% |
| Dividend Growth | -14.81% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 18.80 |
| YTD Return | 0.30% |
| 1-Year Return | 8.03% |
| 5-Year Return | 17.83% |
| 52-Week Low | 16.85 |
| 52-Week High | 18.81 |
| Beta (5Y) | n/a |
| Holdings | 86 |
| Inception Date | Jan 2, 1998 |
About LZHYX
Lazard US High Yield Portfolio Institutional Shares is an actively managed mutual fund focused on the high yield bond sector. Its primary objective is to seek capital preservation and appreciation by investing mainly in high yield, or "junk," bonds issued by U.S. entities. This asset holds a diversified portfolio of corporate debt instruments, often from companies with below-investment-grade credit ratings, and is designed to provide income and potential for long-term growth. The fund is particularly relevant for investors looking to enhance yield in their fixed income allocation while maintaining exposure to U.S. fixed income markets. Notable characteristics include a competitive expense ratio, a moderately low effective duration, and a history of outperformance against its benchmark in certain periods. The portfolio's largest positions span a variety of industries, reflecting a commitment to diversification within the high yield space. Its market significance lies in serving institutional and sophisticated investors seeking to balance risk and return through professional management in the high yield universe.
Performance
LZHYX had a total return of 8.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.98%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.00565 | Jan 30, 2026 |
| Dec 31, 2025 | $0.00278 | Dec 31, 2025 |
| Nov 28, 2025 | $0.08797 | Nov 28, 2025 |
| Oct 31, 2025 | $0.08658 | Oct 31, 2025 |
| Sep 30, 2025 | $0.08637 | Sep 30, 2025 |
| Aug 29, 2025 | $0.00829 | Aug 29, 2025 |