Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Lazard Opportunistic Strategies Portfolio
mutual fund
LCAOX
Payout Change
Pending
Price as of:
$10.82
+0.07
+0.65%
primary theme
Tactical Allocation
share class
LCAOX (Mutual Fund)
Lazard Opportunistic Strategies Portfolio
Payout Change
Pending
Price as of:
$10.82
+0.07
+0.65%
primary theme
Tactical Allocation
share class
LCAOX (Mutual Fund)
Lazard Opportunistic Strategies Portfolio
Payout Change
Pending
Price as of:
$10.82
+0.07
+0.65%
primary theme
Tactical Allocation
share class
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.8%
1 yr return
19.2%
3 Yr Avg Return
1.9%
5 Yr Avg Return
5.4%
Net Assets
$36.4 M
Holdings in Top 10
86.0%
52 WEEK LOW AND HIGH
$10.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 6.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 94.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LCAOX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 5.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.15%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLazard Opportunistic Strategies Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateMar 31, 2008
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Marra
Fund Description
The Portfolio utilizes an asset allocation strategy to invest in a global portfolio of uncorrelated assets that can include exposure, through underlying vehicles, to stocks, bonds, commodities and other investments.
The Portfolio invests primarily in exchange-traded open-end management investment companies (“ETFs”), generally those that pursue a passive index-based strategy, as well as actively managed closed-end management investment companies (“closed-end funds”, and, together with ETFs, “Underlying Funds”). ETFs in which the Portfolio may invest include both ETFs designed to correlate directly with an index and ETFs designed to correlate inversely with an index and may include actively-managed ETFs. The Portfolio, through Underlying Funds in which it invests, may invest in non-US companies (including those in emerging markets), and the Portfolio also may invest directly in equity and debt securities in addition to its investments in Underlying Funds. The Portfolio’s investment portfolio is concentrated in a relatively small number of holdings (generally 10 to 30). Investors can invest directly in Underlying Funds and do not need to invest in Underlying Funds through mutual funds or separately managed accounts.
The Portfolio may, but is not required to (1) enter into equity, total return and currency swap agreements; futures contracts and options on futures contracts (including with respect to index and commodities); and forward currency contracts; and (2) write put and covered call options on securities (including shares of ETFs), indexes and currencies, in each case for hedging purposes or to seek to increase returns, including as a substitute for purchasing an Underlying Fund.
The Portfolio may, but is not required to, effect short sales of securities. A short sale involves the sale of a security that the Portfolio does not own in the expectation of purchasing the same security (or a security exchangeable therefor) at a later date and at a lower price and profiting from the price decline. Similarly, when taking short positions with respect to securities through investments in derivative instruments, the Investment Manager is expecting the value of such securities to fall during the period of the Portfolio’s investment exposure.
Although the Portfolio is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”), it may invest in a smaller number of issuers than other, more diversified, investment portfolios.
LCAOX - Performance
Return Ranking - Trailing
| Period | LCAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -5.6% | 24.3% | 62.21% |
| 1 Yr | 19.2% | -3.5% | 45.9% | 37.79% |
| 3 Yr | 1.9%* | -19.1% | 12.3% | 55.81% |
| 5 Yr | 5.4%* | -11.9% | 24.7% | 50.98% |
| 10 Yr | 4.3%* | -4.4% | 10.1% | 61.31% |
* Annualized
Return Ranking - Calendar
| Period | LCAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -18.9% | 60.2% | 54.17% |
| 2022 | -17.8% | -48.5% | 0.1% | 57.67% |
| 2021 | 8.1% | -19.0% | 48.3% | 25.23% |
| 2020 | 7.2% | -16.5% | 52.8% | 41.67% |
| 2019 | 13.0% | -8.5% | 26.6% | 31.16% |
Total Return Ranking - Trailing
| Period | LCAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -5.6% | 24.3% | 62.21% |
| 1 Yr | 19.2% | -3.5% | 45.9% | 37.79% |
| 3 Yr | 1.9%* | -19.1% | 12.3% | 55.81% |
| 5 Yr | 5.4%* | -11.9% | 24.7% | 50.98% |
| 10 Yr | 4.3%* | -4.4% | 10.1% | 61.31% |
* Annualized
Total Return Ranking - Calendar
| Period | LCAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.9% | -11.7% | 61.8% | 50.93% |
| 2022 | -15.1% | -48.5% | 4.6% | 60.00% |
| 2021 | 12.5% | -14.2% | 48.3% | 42.06% |
| 2020 | 9.2% | -11.7% | 77.4% | 44.12% |
| 2019 | 14.9% | -3.9% | 28.4% | 44.22% |
NAV & Total Return History
LCAOX - Holdings
Concentration Analysis
| LCAOX | Category Low | Category High | LCAOX % Rank | |
|---|---|---|---|---|
| Net Assets | 36.4 M | 1.98 M | 12.4 B | 83.41% |
| Number of Holdings | 16 | 2 | 2274 | 77.88% |
| Net Assets in Top 10 | 30.4 M | 1.55 M | 9.46 B | 73.27% |
| Weighting of Top 10 | 86.02% | 20.8% | 109.8% | 33.64% |
Top 10 Holdings
- Vanguard SP 500 ETF 12.50%
- Vanguard SP 500 Growth ETF 10.81%
- iShares Currency Hedged MSCI Japan ETF 10.41%
- Vanguard Long-Term Treasury ETF 10.23%
- Vanguard SP 500 Value ETF 9.76%
- SPDR EURO STOXX 50 ETF 9.11%
- Invesco QQQ Trust Series 1 6.56%
- Vanguard Mega Cap ETF 5.69%
- iShares Expanded Tech-Software Sector ETF 5.49%
- iShares Russell 2000 ETF 5.45%
Asset Allocation
| Weighting | Return Low | Return High | LCAOX % Rank | |
|---|---|---|---|---|
| Stocks | 94.49% | 0.00% | 145.83% | 48.39% |
| Other | 5.28% | -29.71% | 135.29% | 3.69% |
| Cash | 0.28% | -33.22% | 99.64% | 90.32% |
| Preferred Stocks | 0.00% | -0.09% | 5.36% | 75.58% |
| Convertible Bonds | 0.00% | 0.00% | 8.92% | 84.79% |
| Bonds | 0.00% | 0.00% | 106.59% | 82.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LCAOX % Rank | |
|---|---|---|---|---|
| Technology | 22.62% | 0.00% | 85.77% | 24.59% |
| Healthcare | 19.66% | 0.00% | 38.63% | 12.02% |
| Consumer Defense | 17.62% | 0.00% | 37.51% | 6.01% |
| Industrials | 15.73% | 0.00% | 23.85% | 9.29% |
| Financial Services | 7.55% | 0.00% | 98.22% | 79.23% |
| Consumer Cyclical | 5.82% | 0.00% | 25.83% | 63.39% |
| Communication Services | 3.89% | 0.00% | 21.61% | 65.57% |
| Real Estate | 1.94% | 0.00% | 99.45% | 66.12% |
| Basic Materials | 1.94% | 0.00% | 56.73% | 80.87% |
| Energy | 1.67% | 0.00% | 60.89% | 84.70% |
| Utilities | 1.56% | 0.00% | 91.12% | 73.77% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LCAOX % Rank | |
|---|---|---|---|---|
| US | 94.49% | 0.00% | 145.83% | 46.54% |
| Non US | 0.00% | -1.94% | 38.53% | 76.96% |
LCAOX - Expenses
Operational Fees
| LCAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 6.50% | 0.45% | 10.24% | 0.92% |
| Management Fee | 1.00% | 0.00% | 1.50% | 77.88% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 57.64% |
| Administrative Fee | N/A | 0.05% | 0.70% | 1.19% |
Sales Fees
| LCAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| LCAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | 91.89% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| LCAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 94.00% | 1.75% | 441.00% | 47.70% |
LCAOX - Distributions
Dividend Yield Analysis
| LCAOX | Category Low | Category High | LCAOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.57% | 0.00% | 24.95% | 23.04% |
Dividend Distribution Analysis
| LCAOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| LCAOX | Category Low | Category High | LCAOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.15% | -2.01% | 13.72% | 57.14% |
Capital Gain Distribution Analysis
| LCAOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 16, 2024 | $0.061 | OrdinaryDividend |
| Dec 21, 2023 | $0.127 | OrdinaryDividend |
| Dec 21, 2023 | $0.154 | CapitalGainLongTerm |
| Dec 22, 2022 | $0.076 | OrdinaryDividend |
| Aug 18, 2022 | $0.243 | CapitalGainLongTerm |
| Dec 22, 2021 | $0.465 | OrdinaryDividend |
| Dec 22, 2020 | $0.186 | OrdinaryDividend |
| Aug 20, 2020 | $0.010 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.089 | OrdinaryDividend |
| Dec 20, 2019 | $0.076 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.295 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.018 | OrdinaryDividend |
| Aug 21, 2018 | $0.079 | CapitalGainShortTerm |
| Aug 21, 2018 | $0.107 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.627 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.052 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.105 | OrdinaryDividend |
| Dec 22, 2016 | $0.133 | OrdinaryDividend |
| Dec 21, 2015 | $0.046 | CapitalGainShortTerm |
| Dec 21, 2015 | $0.092 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.004 | OrdinaryDividend |
| Aug 24, 2015 | $0.103 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.193 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.201 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.250 | OrdinaryDividend |
| Dec 23, 2013 | $0.300 | CapitalGainShortTerm |
| Dec 23, 2013 | $0.187 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.449 | OrdinaryDividend |
| Aug 19, 2013 | $0.034 | CapitalGainLongTerm |
| Dec 24, 2012 | $0.048 | OrdinaryDividend |
| Dec 28, 2011 | $0.243 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.093 | OrdinaryDividend |
| Dec 28, 2010 | $0.092 | OrdinaryDividend |
| Dec 29, 2009 | $0.097 | OrdinaryDividend |
| Dec 22, 2008 | $0.236 | OrdinaryDividend |
LCAOX - Fund Manager Analysis
Managers
Stephen Marra
Start Date
Tenure
Tenure Rank
Feb 06, 2017
5.32
5.3%
Stephen Marra is a Director and Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in strategy research. Prior to joining the Multi-Asset investment team, Stephen worked in Settlements, Fixed Income Risk and Quantitative Technology where he helped design and develop Lazard's proprietary trading and risk management systems. He began working in the investment field in 1999 upon joining Lazard. Steve has a BS in Biology from Cornell University.
Jai Jacob
Start Date
Tenure
Tenure Rank
Feb 06, 2017
5.32
5.3%
Jai Jacob is a Managing Director and Portfolio Manager/Analyst, leading the Lazard Multi-Asset investment team. Prior to joining the Multi-Asset investment team, Jai worked in Global Risk Management, Fixed Income, Quantitative Technology and Settlements. He led the development of Lazard's proprietary Risk Analysis system, and has built quantitative analytical tools for over 40 Lazard investment strategies. Jai began working in the investment field in 1998 upon joining Lazard. He has a BA from Cornell University.
Thomas McManus
Start Date
Tenure
Tenure Rank
Feb 06, 2017
5.32
5.3%
Tom McManus specializes in macroeconomic forecasting and asset allocation. He began working in the investment field in 1980. Prior to joining Lazard in 2010, Tom was Managing Director and Chief Investment Officer of Wells Fargo Advisors. Previously, Tom was Managing Director and Chief Investment Strategist at Bank of America Securities LLC. Tom started his career at Morgan Stanley in 1980 in strategic planning and equity derivatives. From 1983 to 1991, he was a member of the Global Equity Derivatives department at Goldman Sachs. Tom has a BS in Operations Research from Columbia School of Engin
Kim Tilley
Start Date
Tenure
Tenure Rank
Feb 06, 2017
5.32
5.3%
Kim Tilley is a Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in ETFs. She began working in the investment field in 2000. Prior to joining Lazard in 2002, Kim worked on the Institutional Equity Sales Desk at Wachovia Securities, Inc. She has a BS in Finance from Miami University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.67 | 13.0 |
