Lazard US Equity Concentrated Portfolio

Frequently Asked Questions About LEVIX

What does LEVIX invest in?

The Lazard US Equity Concentrated Portfolio primarily allocates capital to common stocks of U.S.-based companies, spanning all market capitalizations. It maintains a highly focused investment approach, typically holding positions in a select group of 15 to 35 companies. These enterprises generally boast market capitalizations exceeding $350 million. Its investment objective is to achieve performance superior to recognized broad-based equity market benchmarks, such as the S&P 500®, Russell 1000®, and Russell 3000® Indices. During typical market environments, at least 80% of its total assets are committed to U.S. equity securities. Notably, this fund operates as a non-diversified investment vehicle.

What is the expense ratio of LEVIX?

Lazard US Equity Concentrated Portfolio (LEVIX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LEVIX?

Lazard US Equity Concentrated Portfolio (LEVIX) manages $1.43B 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 LEVIX actively managed or an index fund?

LEVIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (LEVIX's is 0.80%) because there's no security selection cost.

When was LEVIX launched?

Lazard US Equity Concentrated Portfolio (LEVIX) launched in October 2005 and is managed by the fund issuer.

How has LEVIX performed?

LEVIX'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.