LCAIX: Lazard Opportunistic Strategies Instl

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LCAIX Lazard Opportunistic Strategies Instl


Profile

LCAIX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $75.6 M
  • Holdings in Top 10 77.1%

52 WEEK LOW AND HIGH

$10.23
$8.03
$10.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 99.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Lazard Opportunistic Strategies Portfolio
  • Fund Family Name
    Lazard
  • Inception Date
    Mar 26, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Marra

Fund Description

The fund utilizes an asset allocation strategy to invest in a global portfolio of uncorrelated assets that can include exposure, through underlying vehicles, to stocks, bonds, commodities and other investments. It invests primarily in ETFs and similar products, which generally pursue a passive index-based strategy as well as actively managed closed-end management investment companies ("closed-end funds") and exchange-traded notes ("ETNs" and collectively with ETFs and closed-end funds, "underlying funds").


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Categories

Performance

LCAIX - Performance

Return Ranking - Trailing

Period LCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -23.3% 46.3% 14.19%
1 Yr 7.0% -22.0% 77.1% 16.23%
3 Yr -1.3%* -11.7% 9.5% 60.28%
5 Yr 0.5%* -11.2% 7.5% 54.87%
10 Yr 1.6%* -3.4% 2.9% 48.84%

* Annualized

Return Ranking - Calendar

Period LCAIX Return Category Return Low Category Return High Rank in Category (%)
2019 12.9% -21.7% 26.6% 19.48%
2018 -17.5% -28.0% 0.2% 90.65%
2017 9.3% -11.6% 22.0% 42.11%
2016 3.6% -14.9% 16.0% 41.27%
2015 -6.6% -87.3% -0.8% 55.77%

Total Return Ranking - Trailing

Period LCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -23.3% 46.3% 14.19%
1 Yr 7.0% -22.0% 77.1% 15.58%
3 Yr 1.8%* -11.7% 9.5% 41.84%
5 Yr 3.3%* -10.9% 8.2% 38.05%
10 Yr 5.3%* -3.3% 6.3% 23.26%

* Annualized

Total Return Ranking - Calendar

Period LCAIX Return Category Return Low Category Return High Rank in Category (%)
2019 12.9% -21.7% 26.6% 19.48%
2018 -16.1% -28.0% 1.1% 92.81%
2017 17.8% -5.4% 22.0% 6.02%
2016 5.4% -14.9% 19.7% 44.44%
2015 -3.8% -87.3% 1.8% 38.46%

NAV & Total Return History


Holdings

LCAIX - Holdings

Concentration Analysis

LCAIX Category Low Category High LCAIX % Rank
Net Assets 75.6 M 871 K 15.2 B 56.77%
Number of Holdings 17 1 1814 63.27%
Net Assets in Top 10 59.2 M 0 10.3 B 35.37%
Weighting of Top 10 77.11% 0.0% 99.7% 35.61%

Top 10 Holdings

  1. Vanguard S&P 500 ETF 19.66%
  2. Vanguard Intmdt-Term Trs ETF 12.44%
  3. iShares 1-3 Year Treasury Bond ETF 10.09%
  4. iShares Expanded Tech-Software Sect ETF 6.30%
  5. iShares Expanded Tech Sector ETF 6.20%
  6. Health Care Select Sector SPDR® ETF 5.14%
  7. Vanguard S&P 500 Growth ETF 5.00%
  8. Vanguard Interm-Term Corp Bd ETF 4.99%
  9. Vanguard Consumer Staples ETF 3.88%
  10. Goldman Sachs Access Treasury 0-1 Yr ETF 3.40%

Asset Allocation

Weighting Return Low Return High LCAIX % Rank
Stocks
57.22% 0.00% 73.63% 23.87%
Bonds
28.36% -22.52% 79.22% 67.10%
Cash
14.22% -35.43% 100.00% 29.25%
Convertible Bonds
0.19% 0.00% 6.22% 55.10%
Other
0.01% -3.81% 83.31% 73.47%
Preferred Stocks
0.00% 0.00% 17.05% 84.35%

Stock Sector Breakdown

Weighting Return Low Return High LCAIX % Rank
Technology
29.51% 0.00% 54.08% 9.63%
Healthcare
18.05% 0.00% 35.26% 20.00%
Consumer Defense
11.76% 0.00% 43.97% 20.00%
Financial Services
9.30% 0.00% 53.26% 69.63%
Communication Services
9.28% 0.00% 21.12% 20.00%
Consumer Cyclical
7.94% 0.00% 18.69% 58.52%
Industrials
6.74% 0.00% 22.11% 62.96%
Basic Materials
2.05% 0.00% 66.00% 72.59%
Utilities
2.03% 0.00% 95.94% 71.11%
Energy
1.72% 0.00% 10.05% 68.89%
Real Estate
1.62% 0.00% 59.87% 77.78%

Stock Geographic Breakdown

Weighting Return Low Return High LCAIX % Rank
US
48.16% 0.00% 60.94% 17.01%
Non US
9.06% 0.00% 37.48% 48.98%

Bond Sector Breakdown

Weighting Return Low Return High LCAIX % Rank
Government
54.88% 0.00% 95.91% 12.93%
Cash & Equivalents
33.56% 1.71% 100.00% 34.01%
Corporate
11.52% 0.00% 96.81% 52.38%
Securitized
0.04% 0.00% 48.69% 61.90%
Derivative
0.00% 0.00% 74.33% 84.35%
Municipal
0.00% 0.00% 14.15% 85.71%

Bond Geographic Breakdown

Weighting Return Low Return High LCAIX % Rank
US
27.74% -227.47% 79.22% 63.27%
Non US
0.62% 0.00% 225.03% 80.95%

Expenses

LCAIX - Expenses

Operational Fees

LCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.00% 5.31% 61.04%
Management Fee 1.00% 0.15% 1.50% 86.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.70% 2.38%

Sales Fees

LCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 94.59%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 0.00% 474.00% 52.38%

Distributions

LCAIX - Distributions

Dividend Yield Analysis

LCAIX Category Low Category High LCAIX % Rank
Dividend Yield 0.00% 0.00% 6.83% 72.90%

Dividend Distribution Analysis

LCAIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

LCAIX Category Low Category High LCAIX % Rank
Net Income Ratio 1.08% -1.48% 5.27% 50.00%

Capital Gain Distribution Analysis

LCAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

LCAIX - Fund Manager Analysis

Managers

Stephen Marra


Start Date

Tenure

Tenure Rank

Feb 06, 2017

3.48

3.5%

Stephen Marra is a Director and Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in strategy research. Prior to joining the Multi-Asset investment team, Stephen worked in Settlements, Fixed Income Risk and Quantitative Technology where he helped design and develop Lazard's proprietary trading and risk management systems. He began working in the investment field in 1999 upon joining Lazard. Steve has a BS in Biology from Cornell University.

Thomas McManus


Start Date

Tenure

Tenure Rank

Feb 06, 2017

3.48

3.5%

Tom McManus specializes in macroeconomic forecasting and asset allocation. He began working in the investment field in 1980. Prior to joining Lazard in 2010, Tom was Managing Director and Chief Investment Officer of Wells Fargo Advisors. Previously, Tom was Managing Director and Chief Investment Strategist at Bank of America Securities LLC. Tom started his career at Morgan Stanley in 1980 in strategic planning and equity derivatives. From 1983 to 1991, he was a member of the Global Equity Derivatives department at Goldman Sachs. Tom has a BS in Operations Research from Columbia School of Engin

Kim Tilley


Start Date

Tenure

Tenure Rank

Feb 06, 2017

3.48

3.5%

Kim Tilley is a Portfolio Manager/Analyst on the Lazard Multi-Asset investment team, specializing in ETFs. She began working in the investment field in 2000. Prior to joining Lazard in 2002, Kim worked on the Institutional Equity Sales Desk at Wachovia Securities, Inc. She has a BS in Finance from Miami University.

Jai Jacob


Start Date

Tenure

Tenure Rank

Feb 06, 2017

3.48

3.5%

Jai Jacob is a Managing Director and Portfolio Manager/Analyst, leading the Lazard Multi-Asset investment team. Prior to joining the Multi-Asset investment team, Jai worked in Global Risk Management, Fixed Income, Quantitative Technology and Settlements. He led the development of Lazard's proprietary Risk Analysis system, and has built quantitative analytical tools for over 40 Lazard investment strategies. Jai began working in the investment field in 1998 upon joining Lazard. He has a BA from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 29.6 5.55 7.85