- What does LZHOX invest in?
- The primary objective of this portfolio is to deliver the highest possible total return, drawing from both capital appreciation and current income generation. Under typical market conditions, the portfolio allocates a minimum of 80% of its capital to debt instruments issued by U.S.-based corporations or comparable non-governmental entities; these core holdings may comprise anywhere from 80% to potentially 100% of the portfolio's total assets. Up to one-fifth of its holdings, however, can be diversified into other security types that are not restricted to fixed-income instruments or U.S.-centric issuers.
- What is the expense ratio of LZHOX?
- Lazard US High Yield Portfolio Open (LZHOX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LZHOX's dividend yield?
- LZHOX's trailing-twelve-month yield is 5.48%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LZHOX?
- Effective duration measures LZHOX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LZHOX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LZHOX?
- LZHOX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of LZHOX?
- Yield to maturity (YTM) is the total return you'd earn from LZHOX if every bond in the portfolio is held to maturity at the current price. LZHOX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
