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Morningstar

Lazard US Convertibles Institutional CONIX

Morningstar Medalist Rating
Medalist Rating as of | See Lazard Investment Hub
  • NAV / 1-Day Return 10.31  /  −0.19 %
  • Total Assets 12.1 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Large Growth
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 2.63%
  • Turnover 22%

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 PM GMT+0

Morningstar’s Analysis CONIX

Will CONIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CONIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CONIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CONIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Lazard US Convertibles Institutional's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CONIX

More CONIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Palo Alto Networks Inc 0.375%

3.02 380,247
Corporate

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

2.78 349,766
Financial Services

State Street Instl Treasury MMkt Instl

2.70 340,157
Cash and Equivalents

Uber Technologies Inc 0.01%

2.70 339,378
Corporate

Live Nation Entertainment, Inc. 2%

2.37 297,989
Corporate

DexCom Inc 0.25%

2.27 286,359
Corporate

Future on E-mini S&P 500 Futures

2.11 265,425
—

Royal Caribbean Group 6%

2.10 264,771
Corporate

ON Semiconductor Corp. 0.5%

2.08 262,085
Corporate

Cloudflare Inc 0.01%

2.04 257,492
Corporate