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Lazard US Short Duration Fixed Income Portfolio (U...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Lazard US Short Duration Fixed Income Portfolio (UMNIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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 has an expense ratio of 0.40%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lazard US Short Duration Fixed Income Portfolio

Performance

Performance Chart

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S&P 500

Returns By Period

Lazard US Short Duration Fixed Income Portfolio (UMNIX) returned 1.85% year-to-date (YTD) and 6.28% over the past 12 months. Over the past 10 years, UMNIX returned 1.47% annually, underperforming the S&P 500 benchmark at 10.84%.

UMNIX

YTD

1.85%

1M

-0.01%

6M

2.33%

1Y

6.28%

3Y*

3.17%

5Y*

1.49%

10Y*

1.47%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.52%0.60%0.42%0.72%-0.41%1.85%
20240.43%-0.42%0.33%-0.32%0.65%0.63%1.62%0.63%1.14%-0.75%0.38%0.08%4.48%
20230.40%-0.23%1.09%0.26%-0.15%-0.39%0.30%0.33%-0.32%0.55%1.21%1.10%4.23%
2022-0.31%-0.27%-1.05%-0.52%0.53%-0.61%0.23%-0.40%-0.81%-0.07%0.48%0.19%-2.58%
20210.06%-0.05%0.04%-0.07%0.02%0.01%0.01%-0.10%0.00%-0.10%0.00%-0.20%-0.38%
20200.45%0.53%0.73%0.43%0.23%0.11%0.00%-0.02%-0.02%-0.03%0.06%-0.04%2.46%
20190.40%0.09%0.40%0.20%0.40%0.40%-0.01%0.39%0.17%0.27%0.04%0.14%2.94%
2018-0.28%-0.06%0.04%0.05%0.16%0.07%0.18%0.28%0.07%0.08%0.19%0.29%1.08%
20170.11%0.12%0.02%0.11%0.11%0.02%0.11%0.22%-0.08%0.02%-0.21%0.13%0.69%
20160.01%0.01%0.30%0.11%0.00%0.42%0.10%-0.10%-0.00%-0.00%-0.40%-0.00%0.44%
20150.17%-0.02%0.08%-0.00%-0.01%-0.02%-0.02%-0.02%-0.00%-0.01%0.01%-0.20%-0.04%
20140.18%0.09%-0.01%0.10%0.07%-0.03%0.05%0.06%-0.03%0.04%0.08%-0.13%0.47%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 97, UMNIX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of UMNIX is 9797
Overall Rank
The Sharpe Ratio Rank of UMNIX is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of UMNIX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of UMNIX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of UMNIX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of UMNIX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Lazard US Short Duration Fixed Income Portfolio Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.91
  • 5-Year: 0.83
  • 10-Year: 1.02
  • All Time: 1.04

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Lazard US Short Duration Fixed Income Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Lazard US Short Duration Fixed Income Portfolio provided a 3.95% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 3 consecutive years.

0.00%1.00%2.00%3.00%4.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.38$0.39$0.32$0.14$0.02$0.12$0.21$0.19$0.14$0.07$0.10$0.09

Dividend yield

3.95%4.04%3.37%1.44%0.22%1.21%2.17%2.00%1.41%0.75%0.97%0.87%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.12
2024$0.03$0.03$0.03$0.03$0.03$0.06$0.03$0.03$0.03$0.03$0.03$0.03$0.39
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

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.

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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 0.41%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-3.94%Jan 5, 2021452Oct 19, 2022282Dec 1, 2023734
-3.1%May 6, 201335Jun 24, 20131371Nov 30, 20181406
-1.3%Sep 26, 201113Oct 12, 201138Dec 6, 201151
-1.26%Mar 1, 201214Mar 20, 201223Apr 23, 201237
-1.04%Oct 3, 202420Oct 30, 202462Jan 31, 202582
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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