Lazard US Short Duration Fixed Income Portfolio (UMNIX)
Under normal circumstances, the Portfolio invests at least 80% of its assets in fixed-income securities of U.S. issuers, including U.S. government securities, corporate securities, mortgage-related and asset-backed securities, municipal securities, structured products, preferred stocks and inflation-indexed-securities. It may invest up to 20% of its assets in other securities which need not be fixed-income securities of U.S. issuers.
Fund Info
| ISIN | US52106N3843 |
|---|---|
| CUSIP | 52106N384 |
| Issuer | Lazard |
| Inception Date | Feb 28, 2011 |
| Category | Ultrashort Bond |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
UMNIX features an expense ratio of 0.40%, 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 Short Duration Fixed 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 Short Duration Fixed Income Portfolio had a return of 4.49% year-to-date (YTD) and 7.51% in the last 12 months. Over the past 10 years, Lazard US Short Duration Fixed Income Portfolio had an annualized return of 1.30%, while the S&P 500 had an annualized return of 10.85%, indicating that Lazard US Short Duration Fixed Income Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.49% | 17.79% |
| 1 month | 1.07% | 0.18% |
| 6 months | 4.47% | 7.53% |
| 1 year | 7.51% | 26.42% |
| 5 years (annualized) | 1.75% | 13.48% |
| 10 years (annualized) | 1.30% | 10.85% |
Monthly Returns
The table below presents the monthly returns of UMNIX, 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 | 0.44% | -0.42% | 0.33% | -0.32% | 0.65% | 0.63% | 1.62% | 0.63% | 4.49% | ||||
| 2023 | 0.42% | -0.23% | 1.09% | 0.28% | -0.15% | -0.39% | 0.30% | 0.33% | -0.32% | 0.56% | 1.21% | 1.10% | 4.27% |
| 2022 | -0.31% | -0.27% | -1.06% | -0.51% | 0.54% | -0.61% | 0.23% | -0.39% | -0.81% | -0.07% | 0.48% | 0.19% | -2.58% |
| 2021 | 0.06% | -0.05% | 0.04% | -0.07% | 0.02% | 0.01% | 0.01% | -0.10% | 0.00% | -0.10% | 0.00% | -0.20% | -0.39% |
| 2020 | 0.45% | 0.54% | 0.74% | 0.43% | 0.23% | 0.11% | 0.00% | -0.02% | -0.02% | -0.03% | 0.06% | -0.04% | 2.46% |
| 2019 | 0.40% | 0.09% | 0.41% | 0.19% | 0.40% | 0.40% | -0.03% | 0.38% | 0.17% | 0.26% | 0.03% | 0.13% | 2.86% |
| 2018 | -0.28% | -0.06% | 0.04% | 0.05% | 0.17% | 0.07% | 0.17% | 0.28% | 0.07% | 0.08% | 0.19% | 0.29% | 1.08% |
| 2017 | 0.11% | 0.12% | 0.02% | 0.11% | 0.11% | 0.02% | 0.11% | 0.22% | -0.08% | 0.02% | -0.21% | 0.13% | 0.69% |
| 2016 | 0.01% | 0.01% | 0.30% | 0.11% | 0.00% | 0.41% | 0.10% | -0.10% | 0.00% | -0.00% | -0.40% | 0.00% | 0.45% |
| 2015 | 0.17% | -0.02% | 0.08% | -0.00% | -0.01% | -0.02% | -0.02% | -0.02% | 0.00% | -0.01% | 0.01% | -0.20% | -0.04% |
| 2014 | 0.18% | 0.09% | -0.01% | 0.10% | 0.07% | -0.03% | 0.05% | 0.06% | -0.03% | 0.04% | 0.08% | -0.13% | 0.47% |
| 2013 | 0.19% | 0.31% | -0.20% | 0.39% | -0.78% | -1.85% | 0.15% | 0.05% | 0.19% | 0.10% | 0.10% | -0.01% | -1.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of UMNIX is 94, placing it in the top 6% 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 Short Duration Fixed Income Portfolio (UMNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lazard US Short Duration Fixed Income Portfolio granted a 4.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.32 | $0.14 | $0.02 | $0.12 | $0.21 | $0.19 | $0.14 | $0.07 | $0.10 | $0.09 | $0.14 |
Dividend yield | 4.21% | 3.41% | 1.45% | 0.22% | 1.21% | 2.10% | 1.99% | 1.41% | 0.75% | 0.97% | 0.87% | 1.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard US Short Duration Fixed 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.00 | $0.28 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.21 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2016 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.09 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
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 Short Duration Fixed 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 Short Duration Fixed Income Portfolio was 3.94%, occurring on Oct 19, 2022. Recovery took 282 trading sessions.
The current Lazard US Short Duration Fixed Income Portfolio drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.94% | Jan 5, 2021 | 452 | Oct 19, 2022 | 282 | Dec 1, 2023 | 734 |
| -3.1% | May 6, 2013 | 35 | Jun 24, 2013 | 1371 | Nov 30, 2018 | 1406 |
| -1.3% | Sep 15, 2011 | 20 | Oct 12, 2011 | 38 | Dec 6, 2011 | 58 |
| -1.26% | Mar 1, 2012 | 14 | Mar 20, 2012 | 23 | Apr 23, 2012 | 37 |
| -1.01% | Mar 10, 2020 | 8 | Mar 19, 2020 | 7 | Mar 30, 2020 | 15 |
Volatility
Volatility Chart
The current Lazard US Short Duration Fixed Income Portfolio volatility is 0.57%, 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.