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Lazard US Equity Focus Portfolio
mutual fund
LZUSX
Payout Change
Pending
Price as of:
$17.45
-0.04
-0.23%
primary theme
U.S. Large-Cap Blend Equity
share class
LZUSX (Mutual Fund)
Lazard US Equity Focus Portfolio
Payout Change
Pending
Price as of:
$17.45
-0.04
-0.23%
primary theme
U.S. Large-Cap Blend Equity
share class
LZUSX (Mutual Fund)
Lazard US Equity Focus Portfolio
Payout Change
Pending
Price as of:
$17.45
-0.04
-0.23%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.6%
1 yr return
15.7%
3 Yr Avg Return
5.5%
5 Yr Avg Return
13.6%
Net Assets
$97.1 M
Holdings in Top 10
52.8%
52 WEEK LOW AND HIGH
$17.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LZUSX - Profile
Distributions
- YTD Total Return 13.6%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 13.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLazard US Equity Focus Portfolio
-
Fund Family NameLazard
-
Inception DateDec 30, 2004
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Lacey
Fund Description
The Portfolio invests primarily in equity securities, principally common stocks, of US companies that the Investment Manager believes have strong and/or improving financial productivity and are undervalued based on their earnings, cash flow or asset values. The Portfolio typically invests in 20 to 30 companies with market capitalizations generally over $5 billion. Although the Portfolio generally focuses on large cap companies, the market capitalizations of issuers in which the Portfolio invests may vary with market conditions and the Portfolio also may invest in mid cap and small cap companies.
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of US companies. The Portfolio may invest up to 20% of its assets in securities of non-US companies.
The Portfolio is classified as “non-diversified” under the Investment Company Act of 1940, as amended, which means that it may invest a relatively high percentage of its assets in a limited number of issuers, when compared to a diversified fund.
LZUSX - Performance
Return Ranking - Trailing
| Period | LZUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -7.7% | 42.7% | 80.28% |
| 1 Yr | 15.7% | -7.3% | 42.1% | 81.61% |
| 3 Yr | 5.5%* | -5.4% | 21.4% | 84.20% |
| 5 Yr | 13.6%* | -2.1% | 108.6% | 71.76% |
| 10 Yr | 10.2%* | 2.0% | 52.4% | 74.37% |
* Annualized
Return Ranking - Calendar
| Period | LZUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -42.6% | 47.4% | 52.45% |
| 2022 | -19.2% | -56.3% | -4.2% | 25.94% |
| 2021 | 20.2% | -27.2% | 537.8% | 38.01% |
| 2020 | 11.1% | -22.5% | 2181.7% | 52.60% |
| 2019 | 17.6% | -13.5% | 40.4% | 79.15% |
Total Return Ranking - Trailing
| Period | LZUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -7.7% | 42.7% | 80.28% |
| 1 Yr | 15.7% | -7.3% | 42.1% | 81.61% |
| 3 Yr | 5.5%* | -5.4% | 21.4% | 84.20% |
| 5 Yr | 13.6%* | -2.1% | 108.6% | 71.76% |
| 10 Yr | 10.2%* | 2.0% | 52.4% | 74.37% |
* Annualized
Total Return Ranking - Calendar
| Period | LZUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.8% | -5.0% | 47.4% | 71.49% |
| 2022 | -16.9% | -36.8% | -2.2% | 38.74% |
| 2021 | 27.4% | 3.0% | 537.8% | 42.69% |
| 2020 | 17.3% | -15.8% | 2266.0% | 50.40% |
| 2019 | 31.7% | -0.4% | 241.3% | 19.83% |
NAV & Total Return History
LZUSX - Holdings
Concentration Analysis
| LZUSX | Category Low | Category High | LZUSX % Rank | |
|---|---|---|---|---|
| Net Assets | 97.1 M | 2.34 M | 1.84 T | 88.66% |
| Number of Holdings | 30 | 2 | 3963 | 95.12% |
| Net Assets in Top 10 | 49.5 M | 880 K | 525 B | 86.84% |
| Weighting of Top 10 | 52.83% | 0.3% | 111.6% | 6.98% |
Top 10 Holdings
- Microsoft Corp 10.24%
- Amazon.com Inc 6.83%
- Apple Inc 5.74%
- Alphabet Inc 4.75%
- Intercontinental Exchange Inc 4.71%
- UnitedHealth Group Inc 4.39%
- Danaher Corp 4.37%
- Goldman Sachs Group Inc/The 4.08%
- Visa Inc 3.97%
- Marsh McLennan Cos Inc 3.75%
Asset Allocation
| Weighting | Return Low | Return High | LZUSX % Rank | |
|---|---|---|---|---|
| Stocks | 98.55% | 0.00% | 105.79% | 59.85% |
| Cash | 1.55% | 0.00% | 99.07% | 35.76% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 74.59% |
| Other | 0.00% | -13.91% | 100.00% | 80.38% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 73.42% |
| Bonds | 0.00% | 0.00% | 93.85% | 74.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LZUSX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.12% | 0.00% | 55.59% | 2.87% |
| Healthcare | 18.94% | 0.00% | 52.29% | 10.46% |
| Technology | 16.41% | 0.00% | 48.94% | 86.85% |
| Consumer Cyclical | 14.32% | 0.00% | 30.33% | 5.73% |
| Industrials | 12.12% | 0.00% | 29.90% | 17.45% |
| Communication Services | 7.42% | 0.00% | 27.94% | 64.92% |
| Consumer Defense | 5.67% | 0.00% | 47.71% | 79.26% |
| Utilities | 0.00% | 0.00% | 20.91% | 96.88% |
| Real Estate | 0.00% | 0.00% | 31.91% | 97.22% |
| Energy | 0.00% | 0.00% | 41.64% | 97.13% |
| Basic Materials | 0.00% | 0.00% | 25.70% | 98.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LZUSX % Rank | |
|---|---|---|---|---|
| US | 98.55% | 0.00% | 105.79% | 51.08% |
| Non US | 0.00% | 0.00% | 63.83% | 78.39% |
LZUSX - Expenses
Operational Fees
| LZUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.01% | 19.75% | 50.83% |
| Management Fee | 0.55% | 0.00% | 1.90% | 58.49% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | 4.35% |
Sales Fees
| LZUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LZUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 82.01% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| LZUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 0.00% | 268.00% | 56.64% |
LZUSX - Distributions
Dividend Yield Analysis
| LZUSX | Category Low | Category High | LZUSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 61.74% |
Dividend Distribution Analysis
| LZUSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| LZUSX | Category Low | Category High | LZUSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.54% | -54.00% | 2.44% | 59.64% |
Capital Gain Distribution Analysis
| LZUSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 16, 2024 | $0.032 | CapitalGainLongTerm |
| Dec 21, 2023 | $0.133 | OrdinaryDividend |
| Dec 21, 2023 | $0.035 | CapitalGainLongTerm |
| Dec 22, 2022 | $0.312 | OrdinaryDividend |
| Aug 18, 2022 | $0.048 | CapitalGainLongTerm |
| Dec 22, 2021 | $0.573 | OrdinaryDividend |
| Aug 19, 2021 | $0.355 | OrdinaryDividend |
| Dec 22, 2020 | $0.528 | OrdinaryDividend |
| Aug 20, 2020 | $0.179 | OrdinaryDividend |
| Dec 20, 2019 | $0.228 | OrdinaryDividend |
| Dec 20, 2019 | $0.262 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.946 | CapitalGainLongTerm |
| Dec 21, 2018 | $1.158 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.293 | OrdinaryDividend |
| Dec 21, 2018 | $0.036 | CapitalGainShortTerm |
| Aug 21, 2018 | $0.072 | CapitalGainShortTerm |
| Aug 21, 2018 | $0.238 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.142 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.674 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.145 | OrdinaryDividend |
| Aug 21, 2017 | $0.065 | ExtraDividend |
| Aug 21, 2017 | $0.259 | CapitalGainLongTerm |
| Dec 22, 2016 | $0.094 | OrdinaryDividend |
| Aug 22, 2016 | $0.023 | CapitalGainShortTerm |
| Aug 22, 2016 | $0.279 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.005 | CapitalGainShortTerm |
| Dec 21, 2015 | $0.752 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.096 | OrdinaryDividend |
| Aug 24, 2015 | $0.001 | ExtraDividend |
| Aug 24, 2015 | $0.005 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.229 | CapitalGainShortTerm |
| Dec 22, 2014 | $1.361 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.134 | OrdinaryDividend |
| Aug 11, 2014 | $0.211 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.325 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.135 | OrdinaryDividend |
| Aug 19, 2013 | $0.021 | ExtraDividend |
| Dec 24, 2012 | $0.113 | OrdinaryDividend |
| Aug 06, 2012 | $0.115 | ExtraDividend |
| Aug 09, 2011 | $0.081 | ExtraDividend |
| Aug 09, 2010 | $0.091 | ExtraDividend |
| Dec 22, 2008 | $0.121 | OrdinaryDividend |
| Aug 25, 2008 | $0.010 | CapitalGainShortTerm |
| Aug 25, 2008 | $0.115 | CapitalGainLongTerm |
| Dec 26, 2007 | $0.568 | CapitalGainShortTerm |
| Dec 26, 2007 | $1.019 | CapitalGainLongTerm |
| Dec 26, 2007 | $0.123 | OrdinaryDividend |
| Aug 27, 2007 | $0.143 | CapitalGainShortTerm |
| Aug 27, 2007 | $0.001 | CapitalGainLongTerm |
| Dec 27, 2006 | $0.306 | CapitalGainShortTerm |
| Dec 27, 2006 | $0.072 | OrdinaryDividend |
| Aug 28, 2006 | $0.000 | ExtraDividend |
| Aug 28, 2006 | $0.004 | CapitalGainShortTerm |
| Dec 20, 2005 | $0.029 | OrdinaryDividend |
| Dec 20, 2005 | $0.090 | CapitalGainShortTerm |
LZUSX - Fund Manager Analysis
Managers
Andrew Lacey
Start Date
Tenure
Tenure Rank
Dec 30, 2004
17.43
17.4%
Andrew Lacey is a Managing Director and a Portfolio Manager/Analyst on various US equity strategies as well as Global Equity Select. He began working in the investment field upon joining the firm in 1995 as a Research Analyst covering the technology sector. Andrew has an MBA from Columbia University and a BA (Hons) from the College of Social Studies, Wesleyan University. Prior to joining Lazard, Andrew was a teacher at the Pingry School and Buckingham Browne & Nichols for five years. He continues to be involved in education as a board member for KIPP New Jersey and Link Education Partners.
Ronald Temple
Start Date
Tenure
Tenure Rank
Feb 05, 2009
13.32
13.3%
Ronald Temple is a Managing Director and Co-Head of Multi-Asset and Head of US Equity. In this role, Ron is responsible for overseeing the firm's multi-asset and US equity strategies as well as several global equity strategies. He is also a Portfolio Manager/Analyst on various US and global equity teams. He joined Lazard in 2001 with ten years of global experience including fixed-income derivative trading, risk management, corporate finance and corporate strategy. Ron has an MPP from Harvard University and graduated magna cum laude with a BA in Economics & Public Policy from Duke University.
Martin Flood
Start Date
Tenure
Tenure Rank
Mar 31, 2011
11.18
11.2%
Martin Flood is a Managing Director and Portfolio Manager/Analyst on various US and global equity strategies, focusing on client communications. In addition, Martin is a Portfolio Manager/Analyst for the US Equity Select Tax Aware strategy, which focuses on after-tax returns for private clients. He began working in the investment field in 1993. Prior to joining Lazard in 1996, Martin was a Senior Accountant with Arthur Andersen LLP. He has a BS in accounting from St. John's University.
Henry Seiden
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
H. Ross Seiden, Managing Director, Portfolio Manager/Analyst Ross Seiden is a Director and Portfolio Manager/Analyst on various US equity strategies. He is also responsible for research coverage of companies in the healthcare sector. Ross began working in the investment field in 2006. Prior to joining Lazard in 2010, he was an Equity Research Associate covering the financials sector at Credit Suisse. Ross has a BBA in Finance and Accounting from the Ross School of Business at the University of Michigan.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.29 | 2.42 |
