Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX)
The fund invests primarily in equity securities, principally common stocks, of small to mid cap U.S. companies. The Investment Manager considers "small-mid cap companies" to be those companies that have market capitalizations within the range of companies included in the Russell 2500 Index. It invests at least 80% of its assets in equity securities of small-mid cap U.S. companies. The fund may invest up to 20% of its assets in securities of larger or smaller U.S. or non-U.S. companies.
Fund Info
| ISIN | US52106N5095 |
|---|---|
| CUSIP | 52106N509 |
| Issuer | Lazard |
| Inception Date | Oct 30, 1991 |
| Category | Small Cap Blend Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
LZSCX has a high expense ratio of 0.94%, indicating higher-than-average management fees.
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 Small-Mid Cap Equity Portfolio R6, 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 Small-Mid Cap Equity Portfolio R6 had a return of 11.08% year-to-date (YTD) and 20.02% in the last 12 months. Over the past 10 years, Lazard US Small-Mid Cap Equity Portfolio R6 had an annualized return of 7.44%, while the S&P 500 had an annualized return of 10.85%, indicating that Lazard US Small-Mid Cap Equity Portfolio R6 did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.08% | 17.79% |
| 1 month | 3.11% | 0.18% |
| 6 months | 6.87% | 7.53% |
| 1 year | 20.02% | 26.42% |
| 5 years (annualized) | 6.77% | 13.48% |
| 10 years (annualized) | 7.44% | 10.85% |
Monthly Returns
The table below presents the monthly returns of LZSCX, 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 | -2.09% | 5.10% | 3.91% | -5.95% | 4.56% | -1.91% | 5.54% | 1.74% | 11.08% | ||||
| 2023 | 7.94% | -2.35% | -3.42% | -2.17% | -3.21% | 7.39% | 4.90% | -3.89% | -4.39% | -5.26% | 7.14% | 8.76% | 10.16% |
| 2022 | -5.28% | 0.78% | -0.35% | -5.83% | -0.22% | -9.72% | 10.10% | -4.09% | -8.64% | 10.17% | 4.78% | -5.64% | -15.20% |
| 2021 | 1.25% | 7.33% | 3.25% | 4.88% | 0.18% | -0.76% | -1.72% | 1.53% | -2.80% | 4.53% | -4.39% | 5.88% | 20.08% |
| 2020 | -1.98% | -8.00% | -23.66% | 13.84% | 6.36% | -0.26% | 4.59% | 2.80% | -3.72% | 2.14% | 14.11% | 6.11% | 6.43% |
| 2019 | 10.25% | 4.36% | -0.56% | 5.00% | -6.00% | 7.60% | 0.91% | -2.79% | 3.72% | 2.09% | 1.02% | 1.96% | 30.01% |
| 2018 | 2.25% | -4.21% | 0.84% | 1.73% | 2.85% | 0.79% | 2.49% | 2.53% | -1.71% | -11.61% | 2.99% | -11.68% | -13.50% |
| 2017 | -0.28% | 2.15% | -0.54% | -0.20% | 1.30% | 1.96% | 0.20% | -0.85% | 4.96% | 1.49% | 2.81% | 0.56% | 14.25% |
| 2016 | -7.93% | 1.35% | 7.25% | 0.16% | 1.24% | -1.46% | 5.05% | 1.16% | -0.45% | -1.95% | 8.63% | 3.10% | 16.19% |
| 2015 | -2.92% | 7.70% | 1.50% | -1.47% | 1.70% | -0.07% | -1.54% | -5.96% | -3.68% | 4.43% | 3.37% | -4.39% | -2.19% |
| 2014 | -1.94% | 5.81% | -0.48% | -1.52% | 1.42% | 5.28% | -5.13% | 5.05% | -5.28% | 6.21% | 0.78% | 1.61% | 11.48% |
| 2013 | 5.64% | 1.71% | 4.13% | -0.94% | 4.41% | -0.97% | 7.02% | -2.22% | 4.57% | 2.18% | 2.02% | 3.95% | 35.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LZSCX is 21, indicating that it is in the bottom 21% 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 Small-Mid Cap Equity Portfolio R6 (LZSCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard US Small-Mid Cap Equity Portfolio R6 granted a 9.78% dividend yield in the last twelve months. The annual payout for that period amounted to $1.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $0.99 | $0.52 | $2.28 | $0.08 | $0.44 | $1.87 | $1.86 | $0.43 | $0.87 | $3.68 | $2.03 |
Dividend yield | 9.78% | 8.00% | 4.28% | 15.21% | 0.57% | 3.22% | 17.28% | 12.69% | 2.95% | 6.79% | 26.20% | 12.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard US Small-Mid Cap Equity Portfolio R6. 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 | $0.52 | $0.00 | $0.52 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.77 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $2.24 | $2.28 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $1.61 | $1.87 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $1.55 | $1.86 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.17 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.63 | $0.87 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $2.92 | $3.68 |
| 2013 | $0.18 | $0.00 | $0.00 | $0.00 | $1.84 | $2.03 |
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 Small-Mid Cap Equity Portfolio R6. 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 Small-Mid Cap Equity Portfolio R6 was 58.10%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.1% | Jun 5, 2007 | 442 | Mar 9, 2009 | 420 | Nov 4, 2010 | 862 |
| -44.29% | Oct 8, 1997 | 262 | Oct 8, 1998 | 1300 | Dec 1, 2003 | 1562 |
| -43.64% | Feb 21, 2020 | 22 | Mar 23, 2020 | 179 | Dec 4, 2020 | 201 |
| -32.61% | May 2, 2011 | 108 | Oct 3, 2011 | 336 | Feb 6, 2013 | 444 |
| -25.72% | Sep 4, 2018 | 78 | Dec 24, 2018 | 213 | Oct 29, 2019 | 291 |
Volatility
Volatility Chart
The current Lazard US Small-Mid Cap Equity Portfolio R6 volatility is 6.12%, 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.