Lazard US Short Duration Fixed Inc Instl (UMNIX)

Fund Assets	33.28M
Expense Ratio	0.40%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.22
Dividend Yield	2.33%
Dividend Growth	-12.65%
Payout Frequency	n/a
Ex-Dividend Date	Apr 30, 2026

Previous Close	9.57
YTD Return	0.22%
1-Year Return	3.08%
5-Year Return	9.67%
52-Week Low	9.56
52-Week High	9.66
Beta (5Y)	0.04
Holdings	25
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.

• Category: Short-Term Bond
• Stock Exchange: NASDAQ
• Ticker Symbol: UMNIX
• Share Class: Institutional Shares
• Index: ICE BofA Treasury 1-3 Year TR

Performance

UMNIX had a total return of 3.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.43%.

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
Apr 30, 2026	$0.02726	Apr 30, 2026
Mar 31, 2026	$0.02782	Mar 31, 2026
Feb 27, 2026	$0.026	Feb 27, 2026
Jan 30, 2026	$0.02813	Jan 30, 2026
Dec 31, 2025	$0.0281	Dec 31, 2025
Nov 28, 2025	$0.0282	Nov 28, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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