# Lazard US Equity Concentrated Open (LEVOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/levox for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Lazard · Asset class: Equity - Strategy: Actively Managed · Inception: 2005-10-03 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. ## Key Facts | Metric | Value | |---|---| | Price | $15.22 | | Expense Ratio | 1.05% | | Assets Under Management | $1.49B | | NAV | $15.22 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Annual | | 52-Week Range | $11.00 – $15.22 | | Beta | 1.19 | ## Latest Distribution - Amount: $5.6183 /share - Ex-date: 2024-12-20 - Pay date: 2024-12-23 ## Frequently Asked Questions ### 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LEVOX's is 1.05%) in exchange for the discretion to over- or under-weight positions. ### When was LEVOX launched? Lazard US Equity Concentrated Open (LEVOX) launched in October 2005 and is managed by Lazard. ### 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. ### Does LEVOX pay a dividend? Lazard US Equity Concentrated Open (LEVOX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LEVOX pay dividends? Lazard US Equity Concentrated Open pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LEVOX's dividend yield? LEVOX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is LEVOX's next ex-dividend date? The most recently announced ex-dividend date for LEVOX was 2024-12-20. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will LEVOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LEVOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LEVOX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LEVOX cost more than a fund like VOO? LEVOX is actively managed (current expense ratio 1.05%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LEVOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LEVOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LEVOX (1.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/levox - Distribution history: https://www.dividenddata.com/funds/levox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/levox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/levox/expenses - Peer comparison: https://www.dividenddata.com/funds/levox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.