Lazard US Short Duration Fixed Income Portfolio Institutional Shares (UMNIX)
| Fund Assets | 32.59M |
| Expense Ratio | 0.40% |
| Min. Investment | $100,000 |
| Turnover | 276.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.76% |
| Dividend Growth | -26.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.66 |
| YTD Return | 0.23% |
| 1-Year Return | 3.90% |
| 5-Year Return | 9.85% |
| 52-Week Low | 9.28 |
| 52-Week High | 9.66 |
| Beta (5Y) | 0.04 |
| Holdings | 28 |
| Inception Date | Feb 28, 2011 |
About UMNIX
Lazard US Short Duration Fixed Income Portfolio Institutional Shares is an open‑end mutual fund focused on high‑quality, short‑maturity U.S. bonds. The portfolio seeks total return with preservation of capital by investing predominantly in investment‑grade fixed income and maintaining a very short duration profile, aligning with the ultrashort bond category’s emphasis on minimal interest‑rate sensitivity and liquidity management. Its holdings are concentrated in U.S. Treasuries and high‑grade corporate and agency issuers, reflecting a conservative credit stance and a focus on steady income generation. The fund distributes income on a monthly basis and carries an expense ratio near the lower end of active peers in this segment. Positioned as a cash‑management and core short‑duration allocation, it can serve institutions and sophisticated investors needing a bridge between money market stability and broader bond market exposure, with potential diversification benefits from low market beta and a disciplined approach to asset‑backed and mortgage‑backed opportunities overseen by an experienced U.S. fixed income team.
Performance
UMNIX had a total return of 3.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.96%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| UMNOX | Open Shares | 0.65% |
| RLSDX | R6 Shares | 0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.00182 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0009 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0282 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02844 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02881 | Sep 30, 2025 |
| Aug 29, 2025 | $0.00285 | Aug 29, 2025 |