Lazard Next Gen Technologies ETF

Frequently Asked Questions About TEKY

What does TEKY invest in?

The Fund seeks long-term capital appreciation. Under normal circumstances, the Portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity and equity-related securities of or related to Next Gen Technologies Companies throughout the world in approximately 40 to 60 companies.

What is the expense ratio of TEKY?

Lazard Next Gen Technologies ETF (TEKY) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

What is TEKY's distribution yield?

TEKY's trailing-twelve-month yield is 0.18%, calculated from the sum of distributions over the past year divided by the current price.

How does TEKY's covered-call strategy work?

TEKY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is TEKY?

Lazard Next Gen Technologies ETF (TEKY) manages $57.9M 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 TEKY actively managed or an index fund?

TEKY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.