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Lazard US Small Cap Equity Select Portfolio
mutual fund
RLSMX
Payout Change
Pending
Price as of:
$13.26
+0.01
+0.08%
primary theme
U.S. Small-Cap Blend Equity
share class
RLSMX (Mutual Fund)
Lazard US Small Cap Equity Select Portfolio
Payout Change
Pending
Price as of:
$13.26
+0.01
+0.08%
primary theme
U.S. Small-Cap Blend Equity
share class
RLSMX (Mutual Fund)
Lazard US Small Cap Equity Select Portfolio
Payout Change
Pending
Price as of:
$13.26
+0.01
+0.08%
primary theme
U.S. Small-Cap Blend Equity
share class
Name
As of 10/02/2024Price
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
10.9%
1 yr return
25.2%
3 Yr Avg Return
2.5%
5 Yr Avg Return
N/A
Net Assets
$40.3 M
Holdings in Top 10
18.5%
52 WEEK LOW AND HIGH
$13.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
RLSMX - Profile
Distributions
- YTD Total Return 10.9%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.05%
- Dividend Yield 5.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLazard US Small Cap Equity Select Portfolio
-
Fund Family NameLAZARDFUND
-
Inception DateJan 08, 2020
-
Shares Outstanding85
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Breslin
Fund Description
The Portfolio invests primarily in equity securities, principally common stocks, of small cap 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).
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of small cap US companies. The Investment Manager focuses on relative value in seeking to construct a diversified portfolio of investments for the Portfolio that maintains sector and industry balance, using investment opportunities identified through bottom-up fundamental research conducted by the Investment Manager’s small cap and global research analysts.
The Portfolio may invest up to 20% of its assets in the securities of larger or smaller US or non-US companies.
RLSMX - Performance
Return Ranking - Trailing
| Period | RLSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -18.2% | 30.5% | 29.00% |
| 1 Yr | 25.2% | -24.2% | 45.5% | 73.63% |
| 3 Yr | 2.5%* | -12.8% | 43.4% | 57.77% |
| 5 Yr | N/A* | -12.1% | 35.5% | 72.99% |
| 10 Yr | N/A* | -2.5% | 18.4% | 60.86% |
* Annualized
Return Ranking - Calendar
| Period | RLSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.7% | -19.9% | 29.0% | 91.30% |
| 2022 | -19.8% | -59.3% | 118.2% | 40.11% |
| 2021 | 3.9% | -31.6% | 39.3% | 71.62% |
| 2020 | N/A | -51.0% | 39.5% | N/A |
| 2019 | N/A | -5.6% | 37.8% | N/A |
Total Return Ranking - Trailing
| Period | RLSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -18.2% | 30.5% | 29.00% |
| 1 Yr | 25.2% | -24.2% | 45.5% | 73.63% |
| 3 Yr | 2.5%* | -12.8% | 43.4% | 57.77% |
| 5 Yr | N/A* | -12.1% | 35.5% | 69.01% |
| 10 Yr | N/A* | -2.5% | 18.4% | 57.70% |
* Annualized
Total Return Ranking - Calendar
| Period | RLSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -11.7% | 31.8% | 84.69% |
| 2022 | -16.6% | -45.2% | 123.7% | 50.38% |
| 2021 | 20.0% | 0.0% | 47.7% | 69.69% |
| 2020 | N/A | -50.5% | 46.9% | N/A |
| 2019 | N/A | 2.1% | 40.9% | N/A |
NAV & Total Return History
RLSMX - Holdings
Concentration Analysis
| RLSMX | Category Low | Category High | RLSMX % Rank | |
|---|---|---|---|---|
| Net Assets | 40.3 M | 529 K | 145 B | 93.23% |
| Number of Holdings | 77 | 2 | 2445 | 78.57% |
| Net Assets in Top 10 | 7.16 M | 120 K | 9.87 B | 93.23% |
| Weighting of Top 10 | 18.51% | 3.5% | 100.1% | 43.02% |
Top 10 Holdings
- StepStone Group Inc 2.23%
- Stifel Financial Corp 2.12%
- Wintrust Financial Corp 2.00%
- Reinsurance Group of America Inc 1.87%
- Brixmor Property Group Inc 1.78%
- Enovis Corp 1.71%
- United Therapeutics Corp 1.70%
- Graphic Packaging Holding Co 1.70%
- DigitalOcean Holdings Inc 1.70%
- Casella Waste Systems Inc 1.70%
Asset Allocation
| Weighting | Return Low | Return High | RLSMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.00% | 7.51% | 107.74% | 78.95% |
| Cash | 3.00% | 0.00% | 42.24% | 31.95% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 82.14% |
| Other | 0.00% | -0.13% | 49.08% | 86.84% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 82.11% |
| Bonds | 0.00% | 0.00% | 87.66% | 82.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RLSMX % Rank | |
|---|---|---|---|---|
| Technology | 17.97% | 0.00% | 43.95% | 14.45% |
| Industrials | 17.32% | 2.46% | 37.42% | 42.40% |
| Financial Services | 13.63% | 0.00% | 35.52% | 85.36% |
| Consumer Cyclical | 12.59% | 0.99% | 47.79% | 26.43% |
| Healthcare | 10.88% | 0.00% | 26.53% | 70.53% |
| Real Estate | 8.50% | 0.00% | 29.43% | 35.74% |
| Energy | 5.66% | 0.00% | 37.72% | 61.41% |
| Basic Materials | 4.28% | 0.00% | 18.66% | 58.75% |
| Consumer Defense | 3.83% | 0.00% | 18.87% | 64.45% |
| Communication Services | 3.45% | 0.00% | 14.85% | 31.37% |
| Utilities | 1.89% | 0.00% | 18.58% | 66.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RLSMX % Rank | |
|---|---|---|---|---|
| US | 97.00% | 4.48% | 107.74% | 72.18% |
| Non US | 0.00% | 0.00% | 94.62% | 84.21% |
RLSMX - Expenses
Operational Fees
| RLSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.01% | 38.30% | 34.72% |
| Management Fee | 0.75% | 0.00% | 1.50% | 60.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| RLSMX 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 |
Trading Fees
| RLSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| RLSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 66.00% | 1.00% | 314.00% | 73.20% |
RLSMX - Distributions
Dividend Yield Analysis
| RLSMX | Category Low | Category High | RLSMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.85% | 0.00% | 42.47% | 8.27% |
Dividend Distribution Analysis
| RLSMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| RLSMX | Category Low | Category High | RLSMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.05% | -2.40% | 2.49% | 59.32% |
Capital Gain Distribution Analysis
| RLSMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 16, 2024 | $0.016 | CapitalGainShortTerm |
| Aug 16, 2024 | $0.505 | CapitalGainLongTerm |
| Dec 21, 2023 | $0.038 | CapitalGainShortTerm |
| Dec 21, 2023 | $0.737 | CapitalGainLongTerm |
| Dec 21, 2023 | $0.775 | OrdinaryDividend |
| Aug 17, 2023 | $0.219 | CapitalGainLongTerm |
| Dec 22, 2022 | $0.000 | CapitalGainLongTerm |
| Aug 18, 2022 | $0.523 | CapitalGainLongTerm |
| Dec 22, 2021 | $2.245 | OrdinaryDividend |
| Aug 19, 2021 | $0.029 | OrdinaryDividend |
| Dec 22, 2020 | $0.000 | CapitalGainLongTerm |
| Aug 20, 2020 | $0.082 | OrdinaryDividend |
RLSMX - Fund Manager Analysis
Managers
Daniel Breslin
Start Date
Tenure
Tenure Rank
May 01, 2007
15.09
15.1%
Daniel Breslin, a Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s US Small-Mid Cap Equity team. He began working in the investment field in 1992. Prior to joining the Investment Manager in 2002, Mr. Breslin was with Guardian Life and New York Life. He has an MBA from Pace University and a BA from Rutgers University.
Michael DeBernardis
Start Date
Tenure
Tenure Rank
Oct 08, 2010
11.65
11.7%
Michael DeBernardis is a Portfolio Manager/Analyst on the US Small-Mid Cap Equity and Global Small Cap Equity teams with responsibility for coverage of the Consumer Supply Chain and Defense sectors. He began working in the investment industry in 1996. Prior to joining Lazard in 2005, Michael was a Senior Equity Analyst at Systematic Financial Management L.P. and a Market Data Analyst at Salomon Smith Barney. Michael has an MBA from New York University’s Stern School of Business and a BS in Finance from the University of Rhode Island.
Martin Flood
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
Martin Flood is a Managing Director and Portfolio Manager/Analyst on various US and global equity strategies, focusing on client communications. In addition, Martin is a Portfolio Manager/Analyst for the US Equity Select Tax Aware strategy, which focuses on after-tax returns for private clients. He began working in the investment field in 1993. Prior to joining Lazard in 1996, Martin was a Senior Accountant with Arthur Andersen LLP. He has a BS in accounting from St. John's University.
Janice Davies
Start Date
Tenure
Tenure Rank
Apr 30, 2021
1.08
1.1%
Janice Davies, a Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s US Small-Mid Cap Equity team. She joined the Investment Manager in 2021 and has been working in the investment field since 1999
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.18 | 2.58 |
