Lazard US Equity Concentrated Open

Frequently Asked Questions About LEVOX

What does LEVOX invest in?

The Portfolio invests primarily in equity securities, principally common stocks, of U.S. companies of any market capitalization. The Portfolio has a concentrated portfolio of investments, typically investing in 15 to 35 companies with market capitalizations generally greater than $350 million. The Portfolio seeks to outperform broad-based securities market indices, such as the S&P 500® Index, the Russell 1000® Index and the Russell 3000® Index. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of U.S. companies. The fund is non-diversified.

What is the expense ratio of LEVOX?

Lazard US Equity Concentrated Open (LEVOX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LEVOX?

Lazard US Equity Concentrated Open (LEVOX) manages $1.49B 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 LEVOX actively managed or an index fund?

LEVOX 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 (LEVOX's is 1.05%) because there's no security selection cost.

When was LEVOX launched?

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

How has LEVOX performed?

LEVOX'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.