Lazard US Short Duration Fixed Income Port Inst (UMNIX)
9.63
0.00 (0.00%)
USD |
Jan 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.40% | 32.59M | -- | 276.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -2.042M | 4.65% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Portfolio seeks current income exempt from regular federal income taxes, consistent with preservation of capital. It invests at least 80% of its assets in municipal securities, the interest on which is, in the opinion of the issuers counsel at the time of issuance, exempt from regular federal income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Short Investment Grade Debt Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Investment Grade Debt Funds |
| Fund Owner Firm Name | Lazard |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
57
-565.37M
Peer Group Low
913.10M
Peer Group High
1 Year
% Rank:
60
-2.042M
-3.764B
Peer Group Low
7.718B
Peer Group High
3 Months
% Rank:
57
-1.028B
Peer Group Low
2.497B
Peer Group High
3 Years
% Rank:
47
-14.05B
Peer Group Low
5.262B
Peer Group High
6 Months
% Rank:
58
-1.941B
Peer Group Low
3.405B
Peer Group High
5 Years
% Rank:
56
-21.81B
Peer Group Low
8.950B
Peer Group High
YTD
% Rank:
--
1.261M
Peer Group Low
143.79M
Peer Group High
10 Years
% Rank:
65
-10.55B
Peer Group Low
23.36B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 11, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.52% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.48% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.375 09/15/2028 FIX USD Government | 24.36% | -- | -- |
|
United States of America (Government) 3.5% 15-NOV-2028
|
15.26% | -- | -- |
| United States of America USGB 3.625 08/15/2028 FIX USD Government | 9.18% | -- | -- |
| United States of America USGB 3.875 03/15/2028 FIX USD Government | 4.27% | 100.70 | -0.09% |
| United States of America USGB 3.5 10/15/2028 FIX USD Government | 3.41% | -- | -- |
| Bank of America Corporation BACORP 2.551 02/04/2028 FLT USD Corporate '27 | 3.17% | 98.40 | -0.02% |
| Citigroup Inc. C 3.887 01/10/2028 FLT USD Corporate '27 | 3.14% | 99.79 | -0.02% |
| JPMorgan Chase & Co. JPM 4.851 07/25/2028 FLT USD Corporate '27 | 2.95% | 101.20 | -0.05% |
| AMERICAN HONDA FINANCE CORPORATION HNDA-AmHondaFin 5.25 07/07/2026 FIX USD Corporate | 2.47% | 100.61 | -0.07% |
| The Goldman Sachs Group, Inc. GS 4.937 04/23/2028 FLT USD Corporate '27 | 2.25% | 101.06 | -0.04% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.14% |
| Administration Fee | 21.34K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 10000.00 None |
| Minimum Subsequent Investment | 50.00 None |
Basic Info
| Investment Strategy | |
| The Portfolio seeks current income exempt from regular federal income taxes, consistent with preservation of capital. It invests at least 80% of its assets in municipal securities, the interest on which is, in the opinion of the issuers counsel at the time of issuance, exempt from regular federal income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Short Investment Grade Debt Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Investment Grade Debt Funds |
| Fund Owner Firm Name | Lazard |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-9-26) | 3.63% |
| 30-Day SEC Yield (11-30-25) | 3.26% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 29 |
| Bond | |
| Yield to Maturity (11-30-25) | 3.93% |
| Effective Duration | 1.93 |
| Average Coupon | 3.60% |
| Calculated Average Quality | 2.525 |
| Effective Maturity | 3.984 |
| Nominal Maturity | 4.059 |
| Number of Bond Holdings | 26 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 2/28/2011 |
| Share Classes | |
| UMNOX | Other |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:UMNIX", "name") |
| Broad Asset Class: =YCI("M:UMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:UMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:UMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |