# Lazard US Small-Mid Cap Equity Portfolio Open Shares (LZCOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lzcox 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: 1997-01-30 This fund primarily allocates its investments to equity securities, particularly common stocks, issued by small to medium-sized American businesses. The Investment Manager defines these "small-mid cap" companies as those whose market capitalization falls within the range of firms included in the Russell 2500® Index. A substantial portion, at least 80%, of the fund's total assets will be committed to these specific U.S. small- and mid-cap equities. The fund also retains the option to invest up to 20% of its assets in securities from companies of varying sizes (larger or smaller) and geograph... ## Key Facts | Metric | Value | |---|---| | Price | $10.68 | | Expense Ratio | 1.20% | | Assets Under Management | $135.5M | | NAV | $10.68 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 5.33% | | Annual Distribution (TTM) | $0.57 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $9.28 – $12.45 | | Beta | 1.00 | ## Latest Distribution - Amount: $0.4372 /share - Ex-date: 2026-08-14 - Pay date: 2026-08-17 ## Frequently Asked Questions ### What does LZCOX invest in? This fund primarily allocates its investments to equity securities, particularly common stocks, issued by small to medium-sized American businesses. The Investment Manager defines these "small-mid cap" companies as those whose market capitalization falls within the range of firms included in the Russell 2500® Index. A substantial portion, at least 80%, of the fund's total assets will be committed to these specific U.S. small- and mid-cap equities. The fund also retains the option to invest up to 20% of its assets in securities from companies of varying sizes (larger or smaller) and geographic locations (U.S. or international). ### What is the expense ratio of LZCOX? Lazard US Small-Mid Cap Equity Portfolio Open Shares (LZCOX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LZCOX? Lazard US Small-Mid Cap Equity Portfolio Open Shares (LZCOX) manages $135.5M 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 LZCOX actively managed or an index fund? LZCOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LZCOX's is 1.20%) in exchange for the discretion to over- or under-weight positions. ### When was LZCOX launched? Lazard US Small-Mid Cap Equity Portfolio Open Shares (LZCOX) launched in January 1997 and is managed by Lazard. ### How has LZCOX performed? LZCOX'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 LZCOX pay a dividend? Lazard US Small-Mid Cap Equity Portfolio Open Shares (LZCOX) currently distributes little or no income. Trailing-twelve-month yield is 5.33%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LZCOX pay dividends? Lazard US Small-Mid Cap Equity Portfolio Open Shares pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LZCOX's dividend yield? LZCOX's trailing-twelve-month yield is 5.33%, calculated from the sum of dividends over the past year divided by the current price. ### When is LZCOX's next ex-dividend date? The most recently announced ex-dividend date for LZCOX was 2026-08-14. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will LZCOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.20% 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 LZCOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LZCOX'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 LZCOX cost more than a fund like VOO? LZCOX is actively managed (current expense ratio 1.20%). 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 LZCOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LZCOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LZCOX (1.20%) 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/lzcox - Distribution history: https://www.dividenddata.com/funds/lzcox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lzcox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lzcox/expenses - Peer comparison: https://www.dividenddata.com/funds/lzcox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.