Lazard Opportunistic Strategies Portfolio (LCAIX)
The fund 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.
Fund Info
| ISIN | US52106N4916 |
|---|---|
| CUSIP | 52106N491 |
| Issuer | Lazard |
| Inception Date | Mar 25, 2008 |
| Category | Tactical Allocation |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
LCAIX has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: LCAIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lazard Opportunistic Strategies Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lazard Opportunistic Strategies Portfolio had a return of 7.15% year-to-date (YTD) and 14.32% in the last 12 months. Over the past 10 years, Lazard Opportunistic Strategies Portfolio had an annualized return of 4.11%, while the S&P 500 had an annualized return of 10.85%, indicating that Lazard Opportunistic Strategies Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.15% | 17.79% |
| 1 month | -0.00% | 0.18% |
| 6 months | 1.22% | 7.53% |
| 1 year | 14.32% | 26.42% |
| 5 years (annualized) | 5.10% | 13.48% |
| 10 years (annualized) | 4.11% | 10.85% |
Monthly Returns
The table below presents the monthly returns of LCAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.50% | 3.26% | 2.49% | -4.76% | 3.73% | 2.27% | 0.92% | -0.73% | 7.15% | ||||
| 2023 | 3.08% | -2.78% | 2.12% | 1.04% | -2.47% | 3.27% | 2.96% | -2.78% | -3.77% | -2.44% | 7.17% | 5.18% | 10.32% |
| 2022 | -4.98% | -1.65% | 0.93% | -4.91% | -0.58% | -5.19% | 3.93% | -2.05% | -5.30% | 4.06% | 2.95% | -2.57% | -14.93% |
| 2021 | -0.66% | 1.71% | 2.71% | 2.64% | 1.24% | 0.18% | 0.87% | 2.26% | -3.90% | 4.24% | -2.46% | 3.77% | 12.99% |
| 2020 | 0.10% | -3.95% | -8.43% | 7.71% | 3.95% | 1.44% | 2.63% | 2.07% | -1.36% | -2.06% | 6.21% | 1.84% | 9.47% |
| 2019 | 6.18% | 2.15% | 0.63% | 2.10% | -2.98% | 2.75% | 1.03% | -1.22% | 0.52% | 0.82% | 1.22% | 1.26% | 15.16% |
| 2018 | 4.25% | -4.16% | -2.17% | 0.68% | -0.10% | -0.86% | 2.23% | 1.02% | -0.57% | -7.20% | 1.03% | -7.02% | -12.77% |
| 2017 | 2.47% | 1.81% | 0.20% | 1.08% | 0.98% | 1.74% | 2.09% | -0.37% | 3.08% | 1.45% | 0.62% | 1.36% | 17.76% |
| 2016 | -4.17% | -1.23% | 4.29% | 1.73% | -0.21% | 0.53% | 3.61% | 0.82% | 0.41% | -1.62% | 0.41% | 0.93% | 5.35% |
| 2015 | -1.90% | 3.97% | -1.08% | 0.49% | -0.10% | -1.87% | 0.50% | -3.86% | -2.42% | 5.17% | -0.20% | -2.22% | -3.82% |
| 2014 | -2.73% | 3.61% | -0.19% | -0.19% | 1.26% | 1.15% | -0.66% | 1.82% | -1.50% | 1.24% | 1.60% | -0.89% | 4.43% |
| 2013 | 3.39% | -1.54% | 1.47% | 0.58% | -1.54% | -2.63% | 3.70% | -1.13% | 5.29% | 2.14% | 0.55% | 1.67% | 12.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LCAIX is 24, indicating that it is in the bottom 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard Opportunistic Strategies Portfolio granted a 3.42% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.31 | $0.34 | $0.49 | $0.22 | $0.19 | $0.53 | $0.82 | $0.16 | $0.28 | $0.67 | $1.00 |
Dividend yield | 3.42% | 3.04% | 3.64% | 4.32% | 2.11% | 1.97% | 6.02% | 7.72% | 1.67% | 2.94% | 6.73% | 9.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Opportunistic Strategies Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.10 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.21 | $0.22 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.34 | $0.53 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.17 | $0.28 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2013 | $0.03 | $0.00 | $0.00 | $0.00 | $0.97 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lazard Opportunistic Strategies Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lazard Opportunistic Strategies Portfolio was 40.62%, occurring on Nov 20, 2008. Recovery took 563 trading sessions.
The current Lazard Opportunistic Strategies Portfolio drawdown is 3.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.62% | May 20, 2008 | 129 | Nov 20, 2008 | 563 | Feb 16, 2011 | 692 |
| -22.99% | Jan 29, 2018 | 541 | Mar 23, 2020 | 114 | Sep 2, 2020 | 655 |
| -19.17% | Nov 9, 2021 | 233 | Oct 12, 2022 | 422 | Jun 18, 2024 | 655 |
| -14.91% | May 22, 2015 | 183 | Feb 11, 2016 | 226 | Jan 4, 2017 | 409 |
| -14.08% | May 2, 2011 | 108 | Oct 3, 2011 | 98 | Feb 23, 2012 | 206 |
Volatility
Volatility Chart
The current Lazard Opportunistic Strategies Portfolio volatility is 3.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.