Lazard US Corporate Income Portfolio (LZHYX)

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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.

Lazard US Corporate Income Portfolio (LZHYX) has returned -0.80% so far this year and 8.14% over the past 12 months. Over the last ten years, LZHYX has returned 4.33% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 31, 1997, LZHYX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, your investment would double in approximately 16.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Jan 2001 with a return of +8.7%, while the worst month was Oct 2008 at -13.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, LZHYX closed higher 32% of trading days. The best single day was Mar 26, 2020 with a return of +2.9%, while the worst single day was Mar 16, 2020 at -3.1%.

Lazard US Corporate Income Portfolio has an annualized alpha of 3.54%, beta of 0.08, and R² of 0.10 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.

• This fund participated in 33.50% of S&P 500 Index downside but only 32.98% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R² of 0.10 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.10 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LZHYX has an expense ratio of 0.70%, placing it in the medium range.

LZHYX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Lazard US Corporate Income Portfolio (LZHYX) and compare them to a chosen benchmark (S&P 500 Index).

Lazard US Corporate Income Portfolio provided a 5.15% dividend yield over the last twelve months, with an annual payout of $0.95 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 32.30%, occurring on Oct 22, 2002. Recovery took 512 trading sessions.

The current Lazard US Corporate Income Portfolio drawdown is 1.92%.

The chart below shows the rolling one-month volatility.