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Lazard US Short Duration Fixed Income Portfolio (UMNIX) Sortino Ratio

Mutual Fund · Currency in USD · Last updated Aug 4, 2026

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.

Sortino ratio is not yet available for UMNIX. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar mutual funds

The table compares Lazard US Short Duration Fixed Income Portfolio's Sortino Ratio with other mutual funds in the Ultrashort Bond category across multiple time periods, showing how UMNIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
FHQFXFidelity Series Treasury Bill Index Fund36.36
NUSIXNavigator Ultra Short Term Bond Fund28.91
TMPFXTactical Multi-Purpose Fund21.79
BUBSXBaird Ultra Short Bond Fund17.88
PAIPXPIMCO Short Asset Investment Fund17.03
MUIIXMorgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio16.21
DFIHXDFA One Year Fixed Income Portfolio15.54
FCNVXFidelity Conservative Income Bond Institutional Class14.96
PLUIXPacific Funds Ultra Short Income11.91
ENIAXSEI Institutional Investments Trust Opportunistic Income Fund10.86
UMNIXLazard US Short Duration Fixed Income Portfolio—
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Historical Sortino Ratio

The chart shows UMNIX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when UMNIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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