# Lazard US High Yield Portfolio Open (LZHOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lzhox for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Lazard · Asset class: Bond - Strategy: Actively Managed · Inception: 1998-02-24 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.-cen... ## Key Facts | Metric | Value | |---|---| | Price | $18.28 | | Expense Ratio | 0.80% | | Assets Under Management | $1.35B | | NAV | $18.28 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 5.59% | | Annual Distribution (TTM) | $1.02 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.14 – $18.90 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.0874 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 5.59%, 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. ### Does LZHOX pay a dividend? Yes, Lazard US High Yield Portfolio Open (LZHOX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.59%. Full dividend history is on this page. ### How often does LZHOX pay dividends? Lazard US High Yield Portfolio Open pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is LZHOX's next ex-dividend date? The most recently announced ex-dividend date for LZHOX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LZHOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% 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 LZHOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LZHOX'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 LZHOX cost more than a fund like VOO? LZHOX is actively managed (current expense ratio 0.80%). 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 LZHOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LZHOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LZHOX (0.80%) 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/lzhox - Distribution history: https://www.dividenddata.com/funds/lzhox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lzhox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lzhox/expenses - Peer comparison: https://www.dividenddata.com/funds/lzhox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.