Lazard Opportunistic Strategies Portfolio (LCAIX)

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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.

Lazard Opportunistic Strategies Portfolio (LCAIX) has returned -3.45% so far this year and 10.92% over the past 12 months. Over the last ten years, LCAIX has returned 6.09% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 27, 2008, LCAIX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, your investment would double in approximately 14.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +9.5%, while the worst month was Oct 2008 at -11.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, LCAIX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +7.7%, while the worst single day was Sep 29, 2008 at -6.6%.

Lazard Opportunistic Strategies Portfolio has an annualized alpha of -1.37%, beta of 0.61, and R² of 0.85 versus S&P 500 Index. Calculated based on daily prices since March 28, 2008.

• This fund participated in 76.30% of S&P 500 Index downside but only 59.19% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

LCAIX has a high expense ratio of 1.02%, indicating above-average management fees.

LCAIX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and compare them to a chosen benchmark (S&P 500 Index).

Lazard Opportunistic Strategies Portfolio provided a 15.10% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 7.03%.

The chart below shows the rolling one-month volatility.