- What does LEOOX invest in?
- The primary objectives of this investment are to generate ongoing income and foster significant capital growth over an extended timeframe. To accomplish these aims across various market conditions, the fund implements a hedged investment methodology, predominantly allocating assets to convertible debt instruments and preferred equities, which may encompass those rated below investment grade, often referred to as 'junk bonds'. While the portfolio generally prioritizes businesses domiciled in the United States, it retains the flexibility to invest in non-U.S. entities, including through mechanisms like depositary receipts and direct stock ownership. Notably, this fund operates as a non-diversified vehicle.
- What is the expense ratio of LEOOX?
- Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) charges an expense ratio of 1.59%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is LEOOX?
- Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) manages $77.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is LEOOX actively managed or an index fund?
- LEOOX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was LEOOX launched?
- Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) launched in January 2015 and is managed by the fund issuer.
- How has LEOOX performed?
- LEOOX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
