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Lazard Opportunistic Strategies Portfolio Institutional Shares (LCAIX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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9.770.00 (0.00%)
At close: 08:01PM EST

Lazard Opportunistic Strategies Portfolio Institutional Shares

Lazard Funds Inc

30 Rockefeller Plaza

New York, NY 10112

Management information
Jai M. Jacob,Lead manager since 5 February 2017
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.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryTactical Allocation
Fund familyLazard
Net assets78.81M
YTD return-5.68%
Morningstar rating★★★
Inception date25 Mar 2008

Fund operations

Last dividend0.05
Last cap gain0.00
Holdings turnover94.00%
Average for categoryN/A

Fees and expenses

ExpenseLCAIXCategory average
Annual report expense ratio (net)1.19%1.29%
Prospectus net expense ratio1.19%N/A
Prospectus gross expense ratio1.45%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A5.22%
Max deferred sales loadN/A1.17%
3-yr expense projection433N/A
5-yr expense projection767N/A
10-yr expense projection1,713N/A