Lazard US Equity Concentrated Portfolio

Frequently Asked Questions About RLUEX

What does RLUEX invest in?

The Lazard US Equity Concentrated Portfolio is primarily designed to acquire common stock in American companies. While it has the latitude to invest in firms across the entire spectrum of market capitalizations, its concentrated holdings typically consist of 15 to 35 enterprises, generally favoring those with market valuations exceeding $350 million. The portfolio's main objective is to achieve returns superior to prominent market benchmarks, such as the S&P 500®, Russell 1000®, and Russell 3000® Indices. Under regular operating conditions, a minimum of 80% of its capital is allocated to equity investments in U.S.-based companies. This fund is characterized as non-diversified.

What is the expense ratio of RLUEX?

Lazard US Equity Concentrated Portfolio (RLUEX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RLUEX?

Lazard US Equity Concentrated Portfolio (RLUEX) manages $1.53B 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 RLUEX actively managed or an index fund?

RLUEX 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 (RLUEX's is 0.75%) because there's no security selection cost.

When was RLUEX launched?

Lazard US Equity Concentrated Portfolio (RLUEX) launched in November 2016 and is managed by Lazard.

How has RLUEX performed?

RLUEX'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.