Lazard US Corporate Income Portfolio Open Shares
LZHOX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Feb 24, 1998
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard US Corporate Income Portfolio Open Shares (LZHOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks maximum total return through a combination of capital appreciation and current income. The Portfolio normally invests at least 80% of its assets in fixed-income securities issued by U.S. corporations or other non-governmental issuers economically tied to the United States, with a substantial portion and up to 100% allocated to high yield bonds rated below investment grade; it may invest up to 20% in other securities, including dollar-denominated debt of non-U.S. companies and, to a limited extent, emerging market issuers. The Portfolio emphasizes low credit quality and limited interest-rate sensitivity, primarily holding U.S. corporate bonds (approximately 98.64% of assets), non-U.S. bonds (8.83%), and cash equivalents (1.36%), with top holdings including Bombardier Inc. 8.75%, DISH Network Corporation 11.75%, Civitas Resources Inc. 8.75%, Bausch Plus Lomb Corp. 8.375%, and Avis Budget Car Rental LLC/Avis Budget Finance Inc. 5.75%; it operates in the high yield bond category, available to U.S. investors with a minimum initial investment of $2,500, no-load structure, net expense ratio of 0.82%, and daily pricing. Launched on February 24, 1998, and domiciled in the United States, the Portfolio is part of Lazard Asset Management's offerings, with Lazard founded in 1848 and headquartered in New York. Lazard Asset Management, the fund's adviser, provides asset management services globally from offices in 26 countries across North America, Europe, Asia, Australia, and Central and South America. The Portfolio targets institutional and retail investors seeking income and growth from high yield fixed income, with total net assets of approximately $120.50-$128.90 million and a share class size of $2.67 million as of recent data. Portfolio management includes Jeffrey Clarke since August 31, 2017, and John Senesac since February 1, 2024, reflecting a recent co-manager addition. In 2024, Lazard formed a strategic partnership with Elaia Partners to create Lazard Elaia Capital, a Paris-based platform for European technology investments from seed to public markets, with Lazard acquiring a minority stake and planning a 2025 fund launch. Lazard Asset Management has pursued broader expansions, including launching active ETFs like the Equity Megatrends ETF (THMZ) and announcing a mutual fund conversion to the Lazard US Systematic Small Cap Equity ETF in September 2025, alongside a CEO transition for its asset management division effective December 2025. In December 2025, Vanguard removed Lazard as a sub-adviser from certain funds like Vanguard Windsor II, reallocating assets amid ongoing industry shifts.