# Lazard US Short Duration Fixed Income Portfolio Open Shares (UMNOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/umnox 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: 2011-02-28 This investment fund aims to achieve two primary objectives: generating overall financial gains and ensuring the protection of capital. Typically, the portfolio allocates at least 80% of its total holdings to a diverse range of fixed-income instruments issued by U.S. entities. This broad category encompasses various assets such as U.S. government bonds, corporate debt, securities backed by mortgages or other assets, municipal obligations, complex structured financial products, preferred shares, and inflation-protected securities. The fund also retains the flexibility to invest up to 20% of... ## Key Facts | Metric | Value | |---|---| | Price | $9.58 | | Expense Ratio | 0.65% | | Assets Under Management | $33.3M | | NAV | $9.58 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.57 – $9.67 | | Beta | 0.04 | ## Latest Distribution - Amount: $0.0253 /share - Ex-date: 2026-04-30 - Pay date: 2026-04-30 ## Frequently Asked Questions ### What does UMNOX invest in? This investment fund aims to achieve two primary objectives: generating overall financial gains and ensuring the protection of capital. Typically, the portfolio allocates at least 80% of its total holdings to a diverse range of fixed-income instruments issued by U.S. entities. This broad category encompasses various assets such as U.S. government bonds, corporate debt, securities backed by mortgages or other assets, municipal obligations, complex structured financial products, preferred shares, and inflation-protected securities. The fund also retains the flexibility to invest up to 20% of its assets in other types of securities that are not necessarily U.S.-issued or strictly fixed-income in nature. ### What is the expense ratio of UMNOX? Lazard US Short Duration Fixed Income Portfolio Open Shares (UMNOX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of UMNOX? Effective duration measures UMNOX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. UMNOX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of UMNOX? UMNOX'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 UMNOX? Yield to maturity (YTM) is the total return you'd earn from UMNOX if every bond in the portfolio is held to maturity at the current price. UMNOX'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. ### How big is UMNOX? Lazard US Short Duration Fixed Income Portfolio Open Shares (UMNOX) manages $33.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does UMNOX pay a dividend? Lazard US Short Duration Fixed Income Portfolio Open Shares (UMNOX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does UMNOX pay dividends? Lazard US Short Duration Fixed Income Portfolio Open Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is UMNOX's dividend yield? UMNOX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is UMNOX's next ex-dividend date? The most recently announced ex-dividend date for UMNOX was 2026-04-30. 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 UMNOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% 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 UMNOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from UMNOX'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 UMNOX cost more than a fund like VOO? UMNOX is actively managed (current expense ratio 0.65%). 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 UMNOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to UMNOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as UMNOX (0.65%) 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/umnox - Distribution history: https://www.dividenddata.com/funds/umnox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/umnox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/umnox/expenses - Peer comparison: https://www.dividenddata.com/funds/umnox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.