Lazard US Short Duration Fixed Income Port Inst (UMNIX)
9.63
-0.01
(-0.10%)
USD |
Dec 04 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.40% | 32.64M | -- | 276.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -2.041M | 4.35% | 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 |
| 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:
55
-443.12M
Peer Group Low
2.172B
Peer Group High
1 Year
% Rank:
58
-2.041M
-3.766B
Peer Group Low
7.882B
Peer Group High
3 Months
% Rank:
52
-1.058B
Peer Group Low
2.690B
Peer Group High
3 Years
% Rank:
44
-16.89B
Peer Group Low
4.354B
Peer Group High
6 Months
% Rank:
54
-2.342B
Peer Group Low
2.838B
Peer Group High
5 Years
% Rank:
55
-17.74B
Peer Group Low
9.814B
Peer Group High
YTD
% Rank:
58
-3.675B
Peer Group Low
7.400B
Peer Group High
10 Years
% Rank:
62
-10.34B
Peer Group Low
23.56B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 96.80% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 3.20% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
United States of America (Government) 3.375% 15-SEP-2028
|
25.19% | -- | -- |
| United States of America USGB 4.25 01/15/2028 FIX USD Government | 12.17% | 101.45 | -0.08% |
| 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 | 4.28% | 100.78 | -0.08% |
|
United States of America (Government) 3.5% 15-OCT-2028
|
3.41% | -- | -- |
| JPMorgan Chase & Co. JPM 11/19/2026 FLT USD Corporate '25 (Called) | 3.23% | 100.00 | 0.00% |
| Bank of America Corporation BACORP 2.551 02/04/2028 FLT USD Corporate '27 | 3.17% | 98.24 | -0.05% |
| Citigroup Inc. C 3.887 01/10/2028 FLT USD Corporate '27 | 3.14% | 99.84 | 0.02% |
|
Other Assets less Liabilities
|
2.96% | -- | -- |
| AMERICAN HONDA FINANCE CORPORATION HNDA-AmHondaFin 5.25 07/07/2026 FIX USD Corporate | 2.48% | 100.68 | 0.02% |
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 |
| 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 (12-3-25) | 3.63% |
| 30-Day SEC Yield (10-31-25) | 3.22% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 28 |
| Bond | |
| Yield to Maturity (10-31-25) | 4.01% |
| Effective Duration | 1.93 |
| Average Coupon | 3.57% |
| Calculated Average Quality | 2.544 |
| Effective Maturity | 3.907 |
| Nominal Maturity | 4.019 |
| Number of Bond Holdings | 25 |
As of October 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 2/28/2011 |
| Last Annual Report Date | 12/31/2024 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| UMNOX | Other |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication 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. |