LCAOX: Lazard Opportunistic Strategies Open

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LCAOX Lazard Opportunistic Strategies Open

  • Fund
  • LCAOX
  • Price as of: Jan 17, 2020
  • $9.97
    + $0.01 + 0.10%
  • Primary Category
  • Uncategorized

Profile

LCAOX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $83.7 M
  • Holdings in Top 10 71.3%

52 WEEK LOW AND HIGH

$9.97
$9.05
$9.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.22%

SALES FEES

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

BROKERAGE FEES

  • Turnover 227.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Lazard Opportunistic Strategies Portfolio Open Shares
  • Fund Family Name
    Lazard
  • Inception Date
    Mar 31, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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

LCAOX - Performance

Return Ranking - Trailing

Period LCAOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.4% 8.8% 48.08%
1 Yr 9.1% -61.2% 32.0% 16.13%
3 Yr 0.5%* -27.0% 11.3% 15.44%
5 Yr 0.2%* -17.2% 8.3% 18.02%
10 Yr 1.1%* -11.7% 10.8% 25.58%

* Annualized

Return Ranking - Calendar

Period LCAOX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -61.3% 26.6% 18.71%
2018 -17.6% -25.7% 1.6% 89.29%
2017 9.3% -11.6% 22.0% 44.44%
2016 3.7% -14.9% 276.9% 39.53%
2015 -7.1% -87.3% 0.0% 65.14%

Total Return Ranking - Trailing

Period LCAOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.4% 8.8% 48.08%
1 Yr 9.1% -61.2% 32.0% 13.55%
3 Yr 3.6%* -27.0% 11.3% 24.26%
5 Yr 2.9%* -17.2% 8.3% 45.05%
10 Yr 4.5%* -11.7% 10.8% 34.88%

* Annualized

Total Return Ranking - Calendar

Period LCAOX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -61.3% 26.6% 18.71%
2018 -16.1% -25.7% 1.6% 90.00%
2017 17.5% -5.4% 22.8% 4.44%
2016 5.1% -14.9% 276.9% 41.09%
2015 -4.6% -87.3% 1.8% 55.05%

NAV & Total Return History


Holdings

LCAOX - Holdings

Concentration Analysis

LCAOX Category Low Category High LCAOX % Rank
Net Assets 83.7 M 871 K 17.9 B 50.00%
Number of Holdings 22 1 1512 56.85%
Net Assets in Top 10 53.3 M 0 12.4 B 45.21%
Weighting of Top 10 71.26% 0.0% 122.9% 45.89%

Top 10 Holdings

  1. Vanguard S&P 500 ETF 13.44%
  2. Vanguard Intmdt-Term Trs ETF 10.65%
  3. Vanguard Interm-Term Corp Bd ETF 9.83%
  4. iShares 1-3 Year Treasury Bond ETF 9.03%
  5. iShares Core Dividend Growth ETF 5.88%
  6. iShares Russell Mid-Cap Value ETF 5.30%
  7. Franklin FTSE Japan ETF 4.94%
  8. Goldman Sachs Access Treasury 0-1 Yr ETF 4.21%
  9. iShares Core MSCI EAFE ETF 4.17%
  10. SPDR® S&P 500 ETF Trust 3.80%

Asset Allocation

Weighting Return Low Return High LCAOX % Rank
Stocks
48.31% 0.00% 98.14% 56.77%
Bonds
31.16% -22.52% 73.40% 47.74%
Cash
20.16% -18.54% 100.00% 17.81%
Convertible Bonds
0.35% 0.00% 5.82% 32.19%
Other
0.01% -1.05% 77.34% 85.62%
Preferred Stocks
0.00% 0.00% 27.41% 93.15%

Stock Sector Breakdown

Weighting Return Low Return High LCAOX % Rank
Industrials
19.90% 0.00% 98.65% 6.02%
Technology
18.81% 0.00% 57.56% 18.05%
Financial Services
14.09% 0.00% 51.23% 61.65%
Healthcare
9.40% 0.00% 27.71% 60.15%
Consumer Cyclical
8.93% 0.00% 23.20% 57.89%
Communication Services
7.01% 0.00% 22.15% 39.85%
Consumer Defense
5.98% 0.00% 48.77% 62.41%
Utilities
4.56% 0.00% 35.23% 44.36%
Real Estate
3.96% 0.00% 99.96% 71.43%
Basic Materials
3.77% 0.00% 76.76% 43.61%
Energy
3.58% 0.00% 18.78% 57.89%

Stock Geographic Breakdown

Weighting Return Low Return High LCAOX % Rank
US
36.88% -7.66% 63.36% 41.10%
Non US
11.43% 0.00% 48.78% 56.85%

Bond Sector Breakdown

Weighting Return Low Return High LCAOX % Rank
Government
42.32% 0.00% 92.90% 36.30%
Cash & Equivalents
39.06% -11.14% 100.00% 20.55%
Corporate
18.53% 0.00% 98.01% 56.16%
Securitized
0.08% 0.00% 33.64% 65.75%
Derivative
0.00% 0.00% 63.84% 95.21%
Municipal
0.00% 0.00% 24.11% 97.26%

Bond Geographic Breakdown

Weighting Return Low Return High LCAOX % Rank
US
30.18% 0.00% 73.40% 43.15%
Non US
0.98% 0.00% 28.55% 84.93%

Expenses

LCAOX - Expenses

Operational Fees

LCAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.22% 0.00% 5.31% 1.95%
Management Fee 1.00% 0.15% 1.50% 90.32%
12b-1 Fee 0.25% 0.00% 1.00% 61.70%
Administrative Fee N/A 0.03% 0.30% 1.19%

Sales Fees

LCAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LCAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 91.89%

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.

LCAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 227.00% 9.00% 6333.00% 77.92%

Distributions

LCAOX - Distributions

Dividend Yield Analysis

LCAOX Category Low Category High LCAOX % Rank
Dividend Yield 0.00% 0.00% 6.71% 93.59%

Dividend Distribution Analysis

LCAOX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

LCAOX Category Low Category High LCAOX % Rank
Net Income Ratio 1.00% -1.21% 5.60% 55.84%

Capital Gain Distribution Analysis

LCAOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LCAOX - Fund Manager Analysis

Managers

Stephen Marra


Start Date

Tenure

Tenure Rank

Feb 06, 2017

2.9

2.9%

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.

Jai Jacob


Start Date

Tenure

Tenure Rank

Feb 06, 2017

2.9

2.9%

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.

Thomas McManus


Start Date

Tenure

Tenure Rank

Feb 06, 2017

2.9

2.9%

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

2.9

2.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 17.51 5.23 5.0