Lazard US Corporate Income Portfolio (LZHYX)
The investment seeks maximum total return from a combination of capital appreciation and current income. Under normal circumstances, the Portfolio invests at least 80% of its assets in fixed-income securities issued by corporations or other non-governmental issuers similar to corporations, which securities are tied economically to the U.S. It typically invests a substantial portion of its assets, and may invest up to 100% of its assets. The Portfolio may invest up to 20% of its assets in other securities which need not be fixed-income securities and need not be tied economically to the U.S.
Fund Info
| ISIN | US52106N6994 |
|---|---|
| CUSIP | 52106N699 |
| Issuer | Lazard |
| Inception Date | Jan 2, 1998 |
| Category | High Yield Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
LZHYX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lazard US Corporate Income 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 US Corporate Income Portfolio had a return of 5.18% year-to-date (YTD) and 12.00% in the last 12 months. Over the past 10 years, Lazard US Corporate Income Portfolio had an annualized return of 3.74%, while the S&P 500 had an annualized return of 10.87%, indicating that Lazard US Corporate Income Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.18% | 18.10% |
| 1 month | 1.60% | 1.42% |
| 6 months | 5.67% | 10.08% |
| 1 year | 12.00% | 26.58% |
| 5 years (annualized) | 2.93% | 13.42% |
| 10 years (annualized) | 3.74% | 10.87% |
Monthly Returns
The table below presents the monthly returns of LZHYX, 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 | -0.07% | -0.45% | 1.15% | -1.06% | 0.92% | 0.79% | 2.00% | 1.11% | 5.18% | ||||
| 2023 | 2.97% | -1.77% | 2.19% | 0.59% | -1.08% | 0.84% | 0.95% | -0.20% | -1.98% | 0.00% | 4.65% | 3.26% | 10.68% |
| 2022 | -2.91% | -0.69% | -1.17% | -3.57% | 1.40% | -5.88% | 6.15% | -3.15% | -3.88% | 2.87% | 1.79% | -0.63% | -9.82% |
| 2021 | 0.02% | -0.08% | 0.12% | 0.67% | 0.21% | 0.92% | 0.45% | 0.45% | -0.21% | -0.52% | -0.92% | 1.74% | 2.85% |
| 2020 | 0.15% | -1.48% | -8.57% | 3.82% | 3.90% | -0.06% | 3.99% | 0.76% | -1.10% | 0.35% | 2.65% | 0.99% | 4.84% |
| 2019 | 4.38% | 1.46% | 1.02% | 1.01% | -1.07% | 2.49% | 0.37% | 0.78% | 0.37% | 0.36% | 0.56% | 0.97% | 13.36% |
| 2018 | -0.03% | -1.05% | -0.45% | 0.18% | -0.24% | 0.18% | 0.82% | 0.81% | 0.39% | -1.51% | -0.25% | -1.54% | -2.71% |
| 2017 | 0.60% | 1.01% | -0.22% | 1.21% | 0.59% | -0.03% | 0.79% | 0.17% | 0.58% | 0.17% | -0.03% | 0.17% | 5.11% |
| 2016 | -0.23% | 0.86% | 2.35% | 1.89% | -0.02% | 0.82% | 1.66% | 1.42% | 0.19% | -0.02% | -0.43% | 1.22% | 10.11% |
| 2015 | 0.83% | 2.05% | -0.39% | 0.81% | 0.40% | -1.20% | 0.21% | -1.23% | -2.07% | 3.19% | -1.45% | -1.69% | -0.68% |
| 2014 | 0.47% | 1.67% | 0.26% | 0.25% | 0.64% | 0.63% | -1.35% | 1.63% | -1.95% | 1.87% | -0.17% | -0.59% | 3.34% |
| 2013 | 1.11% | 0.32% | 0.91% | 1.69% | -0.68% | -2.26% | 1.74% | -0.50% | 0.70% | 2.32% | 0.29% | 0.48% | 6.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LZHYX is 87, placing it in the top 13% 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 US Corporate Income Portfolio (LZHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard US Corporate Income Portfolio granted a 4.64% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.77 | $0.78 | $0.72 | $0.78 | $0.87 | $0.88 | $0.90 | $0.92 | $0.97 | $1.06 | $1.20 |
Dividend yield | 4.64% | 4.27% | 4.61% | 3.68% | 3.95% | 4.42% | 4.85% | 4.58% | 4.70% | 5.20% | 5.40% | 6.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard US Corporate Income 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 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.00 | $0.58 | |||
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.77 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.06 | $0.06 | $0.06 | $0.06 | $0.78 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2020 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.04 | $0.06 | $0.78 |
| 2019 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.87 |
| 2018 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.88 |
| 2017 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.90 |
| 2016 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.92 |
| 2015 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.97 |
| 2014 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $1.06 |
| 2013 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.20 |
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 US Corporate Income 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 US Corporate Income Portfolio was 32.99%, occurring on Oct 22, 2002. Recovery took 487 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.99% | Aug 4, 1998 | 1071 | Oct 22, 2002 | 487 | Sep 30, 2004 | 1558 |
| -28.94% | May 6, 2008 | 156 | Dec 16, 2008 | 198 | Sep 30, 2009 | 354 |
| -17.8% | Feb 24, 2020 | 21 | Mar 23, 2020 | 85 | Jul 23, 2020 | 106 |
| -14.1% | Sep 16, 2021 | 262 | Sep 29, 2022 | 376 | Mar 28, 2024 | 638 |
| -7.38% | Aug 2, 2011 | 45 | Oct 4, 2011 | 61 | Dec 30, 2011 | 106 |
Volatility
Volatility Chart
The current Lazard US Corporate Income Portfolio volatility is 0.53%, 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.