# Lazard US Systematic Small Cap Equity ETF (SYZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/syz 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: Passive Index · Inception: 2021-10-28 Lazard Active ETF Trust - Lazard US Systematic Small Cap Equity ETF is an exchange traded fund launched and managed by Lazard Asset Management LLC. It invests in small cap companies of United States region. The fund invests in growth and value stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs fundamental and quantitative analysis to create it's portfolio. It seeks to benchmark the performance of its portfolio against the Russell 3000 Index and the Russell 2000 Index. It employs proprietary research to create its portfolio. Laza... ## Key Facts | Metric | Value | |---|---| | Price | $29.25 | | Expense Ratio | 0.60% | | Assets Under Management | $66.3M | | NAV | $29.29 | | Holdings Count | 451 | | Distribution Yield (TTM) | 0.45% | | Annual Distribution (TTM) | $0.13 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $23.39 – $31.22 | | Beta | 1.01 | ## Latest Distribution - Amount: $0.0591 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-21 ## Frequently Asked Questions ### What does SYZ invest in? Lazard Active ETF Trust - Lazard US Systematic Small Cap Equity ETF is an exchange traded fund launched and managed by Lazard Asset Management LLC. It invests in small cap companies of United States region. The fund invests in growth and value stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs fundamental and quantitative analysis to create it's portfolio. It seeks to benchmark the performance of its portfolio against the Russell 3000 Index and the Russell 2000 Index. It employs proprietary research to create its portfolio. Lazard Active ETF Trust - Lazard US Systematic Small Cap Equity ETF was formed on October 29, 2021 and is domiciled in the United States. ### What is the expense ratio of SYZ? Lazard US Systematic Small Cap Equity ETF (SYZ) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SYZ? Lazard US Systematic Small Cap Equity ETF (SYZ) manages $66.3M 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 SYZ actively managed or an index fund? SYZ 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 (SYZ's is 0.60%) because there's no security selection cost. ### When was SYZ launched? Lazard US Systematic Small Cap Equity ETF (SYZ) launched in October 2021 and is managed by Lazard. ### How has SYZ performed? SYZ'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 SYZ pay a dividend? Lazard US Systematic Small Cap Equity ETF (SYZ) currently distributes little or no income. Trailing-twelve-month yield is 0.45%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SYZ pay dividends? Lazard US Systematic Small Cap Equity ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SYZ's dividend yield? SYZ's trailing-twelve-month yield is 0.45%, calculated from the sum of dividends over the past year divided by the current price. ### When is SYZ's next ex-dividend date? The most recently announced ex-dividend date for SYZ was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will SYZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.60% 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 SYZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from SYZ'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 SYZ cost more than a fund like VOO? SYZ is a passive index fund (current expense ratio 0.60%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SYZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SYZ (0.60%) 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/syz - Distribution history: https://www.dividenddata.com/funds/syz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/syz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/syz/expenses - Peer comparison: https://www.dividenddata.com/funds/syz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.