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Morningstar

Lazard US Short Duration Fixed Inc Open UMNOX

Morningstar Medalist Rating
Medalist Rating as of | See Lazard Investment Hub
  • NAV / 1-Day Return 9.40  /  −0.10 %
  • Total Assets 34.1 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.50%
  • Effective Duration 1.96 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis UMNOX

Will UMNOX 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 UMNOX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the UMNOX 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 UMNOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Lazard US Short Duration Fixed Inc Open's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings UMNOX

More UMNOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 79.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.375%

30.99 10.6 Mil
Government

United States Treasury Notes 4.125%

19.19 6.5 Mil
Government

United States Treasury Notes 4.625%

12.06 4.1 Mil
Government

Citigroup Inc. 2.014%

3.06 1.0 Mil
Corporate

Bank of America Corp. 4%

3.04 1.0 Mil
Corporate

American Express Company 2.5%

2.90 989,744
Corporate

JPMorgan Chase & Co. 2.301%

2.88 982,381
Corporate

Goldman Sachs Group, Inc. 3.5%

2.59 882,961
Corporate

American Honda Finance Corporation 5.25%

2.36 804,586
Corporate

AMSR TRUST 1.355%

2.06 702,913
Securitized