Lazard US Short Duration Fixed Income Portfolio (UMNIX)
| Fund Assets | 31.45M |
| Expense Ratio | 0.40% |
| Min. Investment | $100,000 |
| Turnover | 276.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.36% |
| Dividend Growth | -13.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 9.63 |
| YTD Return | 3.03% |
| 1-Year Return | 3.54% |
| 5-Year Return | 7.31% |
| 52-Week Low | 9.51 |
| 52-Week High | 9.66 |
| Beta (5Y) | 0.04 |
| Holdings | 27 |
| 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 3.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.33%.
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% |
Top 10 Holdings
70.32% of assets| Name | Symbol | Weight |
|---|---|---|
| US Treasury Note 3.375% | T.3.375 09.15.28 | 25.24% |
| United States Treasury Notes 4.25% | T.4.25 01.15.28 | 13.20% |
| United States Treasury Notes 3.625% | T.3.625 08.15.28 | 9.49% |
| United States Treasury Notes 3.875% | T.3.875 03.15.28 | 4.42% |
| JPMorgan Chase & Co. 1.045% | JPM.V1.045 11.19.26 | 3.33% |
| Bank of America Corp. 2.551% | BAC.V2.551 02.04.28 MTN | 3.28% |
| Citigroup Inc. 3.887% | C.V3.887 01.10.28 | 3.25% |
| Federal Farm Credit Banks 4.36% | FFCB.4.36 10.28.27 | 3.20% |
| American Honda Finance Corporation 5.25% | HNDA.5.25 07.07.26 GMTN | 2.57% |
| Goldman Sachs Group, Inc. 4.937% | GS.V4.937 04.23.28 | 2.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.02844 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02881 | Sep 30, 2025 |
| Aug 29, 2025 | $0.00285 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0295 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02885 | Jun 30, 2025 |
| May 30, 2025 | $0.02942 | May 30, 2025 |