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...
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
18.9%
1 yr return
27.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$55.6 M
Holdings in Top 10
8.2%
Expense Ratio 4.66%
Front Load N/A
Deferred Load N/A
Turnover 22.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Portfolio invests primarily in equity securities, principally common stocks, of small capitalization US companies. The Investment Manager considers “small cap companies” to be those companies that, at the time of initial purchase by the Portfolio, have market capitalizations within the range of companies included in the Russell 2000 Index (ranging from approximately $16.6 million to $59.1 billion as of March 31, 2024). The Portfolio typically invests in 300 to 500 companies.
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of small cap US companies. Equity securities also may include depositary receipts, including American Depositary Receipts (“ADRs”), Global Depositary Receipts and European Depositary Receipts. The Portfolio may invest up to 20% of its assets in other securities which need not be equity securities of small cap US companies, including investments in larger US companies and in non-US companies, including securities of emerging markets companies traded on a US exchange.
The Investment Manager will manage the Portfolio using its proprietary investment strategy that creates and applies what the Investment Manager refers to as “Insights” and employs its “Insight-driven” process to identify investments with fundamental traits the Investment Manager believes are undervalued by the market. The Investment Manager’s strategy combines fundamental and quantitative techniques into a fully systematic process—that is, the Investment Manager converts subjective criteria used to evaluate potential investments into quantitative formulas based on, among other things, market observations and testing of resulting hypotheses. The Investment Manager considers an “Insight” to be a fundamental opportunity that the Investment Manager believes can be quantified, validated and implemented systematically by the Investment Manager:
·a fundamental opportunity is a recurring market inefficiency where the Investment Manager believes that investors are not fully incorporating the impact of a company’s changing operating fundamentals and/or attractive valuations;
·the Investment Manager converts its market observation into quantified conditions utilizing proprietary process knowledge and techniques;
·a potential Insight is validated through extensive proprietary testing that includes historical data, minimum targeted return objectives and persistence hurdles;
·through each Insight, a number of securities are identified; and
·the securities selection process is implemented systematically into automated daily operations.
The Investment Manager selects investments for the Portfolio by applying its securities selection process to an investable universe of all publicly-traded equity securities, with a focus on small cap companies. However, Insights, which may change over time, may be related to the broad market or specific to a particular sector or industry. In addition, the selection process described above is not sequential, and certain criteria may be given more importance than others. Target position sizes are determined at the time of investment based on one or more Insights and subsequently monitored on an ongoing basis. To improve tax efficiency, the Portfolio may limit investments that have undesirable tax characteristics and may employ other tax-management techniques, such as adjusting the timing of trades, by relying in part on fundamental research and analytical judgements of the Investment Manager.
Period | LUSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | -1.5% | 42.7% | 60.27% |
1 Yr | 27.8% | 0.0% | 55.7% | 64.83% |
3 Yr | N/A* | -11.1% | 47.5% | N/A |
5 Yr | N/A* | -12.2% | 35.1% | N/A |
10 Yr | N/A* | -2.6% | 18.5% | N/A |
* Annualized
Period | LUSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.4% | -19.9% | 29.0% | 7.44% |
2022 | -16.9% | -59.3% | 118.2% | 22.84% |
2021 | N/A | -31.6% | 39.3% | N/A |
2020 | N/A | -51.0% | 39.5% | N/A |
2019 | N/A | -5.6% | 37.8% | N/A |
Period | LUSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | -1.5% | 42.7% | 60.27% |
1 Yr | 27.8% | 0.0% | 55.7% | 64.83% |
3 Yr | N/A* | -11.1% | 47.5% | N/A |
5 Yr | N/A* | -12.2% | 35.1% | N/A |
10 Yr | N/A* | -2.6% | 18.5% | N/A |
* Annualized
Period | LUSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.6% | -11.7% | 31.8% | 16.41% |
2022 | -16.5% | -45.2% | 123.7% | 49.14% |
2021 | N/A | 0.0% | 45.6% | N/A |
2020 | N/A | -50.5% | 46.9% | N/A |
2019 | N/A | 2.2% | 40.9% | N/A |
LUSOX | Category Low | Category High | LUSOX % Rank | |
---|---|---|---|---|
Net Assets | 55.6 M | 555 K | 145 B | 89.18% |
Number of Holdings | 464 | 2 | 2445 | 29.41% |
Net Assets in Top 10 | 4.56 M | 124 K | 10.3 B | 96.39% |
Weighting of Top 10 | 8.19% | 3.1% | 100.1% | 82.10% |
Weighting | Return Low | Return High | LUSOX % Rank | |
---|---|---|---|---|
Stocks | 98.55% | 4.44% | 107.74% | 52.18% |
Cash | 1.44% | 0.00% | 27.11% | 54.46% |
Other | 0.00% | -0.07% | 49.08% | 44.40% |
Preferred Stocks | 0.00% | 0.00% | 6.06% | 31.31% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 31.18% |
Bonds | 0.00% | 0.00% | 102.81% | 36.43% |
Weighting | Return Low | Return High | LUSOX % Rank | |
---|---|---|---|---|
Industrials | 21.95% | 2.46% | 37.42% | 16.89% |
Healthcare | 17.13% | 0.00% | 26.53% | 8.45% |
Technology | 16.97% | 0.00% | 43.95% | 17.66% |
Consumer Cyclical | 11.14% | 0.99% | 47.79% | 54.89% |
Financial Services | 7.97% | 0.00% | 35.52% | 96.55% |
Basic Materials | 5.94% | 0.00% | 18.66% | 23.61% |
Consumer Defense | 5.71% | 0.00% | 18.87% | 14.78% |
Real Estate | 5.47% | 0.00% | 29.43% | 69.10% |
Communication Services | 3.38% | 0.00% | 14.85% | 34.55% |
Energy | 2.82% | 0.00% | 37.72% | 82.15% |
Utilities | 1.52% | 0.00% | 18.58% | 72.74% |
Weighting | Return Low | Return High | LUSOX % Rank | |
---|---|---|---|---|
US | 98.55% | 2.58% | 107.74% | 44.97% |
Non US | 0.00% | 0.00% | 97.07% | 40.99% |
LUSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 4.66% | 0.01% | 38.30% | 1.33% |
Management Fee | 0.70% | 0.00% | 1.50% | 43.81% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 41.91% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
LUSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
LUSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
LUSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 1.00% | 314.00% | 16.52% |
LUSOX | Category Low | Category High | LUSOX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.10% | 0.00% | 42.47% | 76.09% |
LUSOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
LUSOX | Category Low | Category High | LUSOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.14% | -2.40% | 2.49% | 8.06% |
LUSOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.012 | OrdinaryDividend |
Dec 22, 2022 | $0.039 | OrdinaryDividend |
Aug 18, 2022 | $0.004 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Oct 27, 2021
0.59
0.6%
Oren began working in the investment field in 2005. Prior to joining Lazard in 2019, Oren was a co-founder and managing partner with Baylight Capital. Prior to Baylight, Oren was a founding principal and portfolio manager at QM Capital, a firm founded in 2005 that developed quantitative trading strategies. Prior to QM, Oren was a PhD candidate in Computational Mathematics at Stanford University. Oren has a Master’s Degree in Computational Mathematics from Stanford University and a Bachelor’s Degree in Electrical Engineering & Computer Science from University of California, Berkeley.
Start Date
Tenure
Tenure Rank
Oct 27, 2021
0.59
0.6%
Stefan T. Tang is a PM/A on the Lazard Systematic Equity team. Stefan began working in the investment field in 2005. Prior to joining Lazard in 2019, Stefan was a co-founder and managing partner with Baylight Capital. Prior to Baylight, Stefan was a founding principal and portfolio manager at QM Capital, a firm founded in 2005 that developed quantitative trading strategies. Prior to QM, Stefan was a PhD candidate in Computational Mathematics at Stanford University. Prior to Stanford, Stefan worked as a software developer in Germany where he developed algorithms for e-procurement applications.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.17 | 2.58 |
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