Lazard US High Yield Portfolio Open (LZHOX)
Lazard US High Yield Portfolio Open operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $18.31, down 0.22% on the session, giving a market capitalisation of $1.35B. On trailing twelve-month figures it carries a trailing P/E of 6.02, a net margin of 746.6%. Its beta of 0.65 implies it has historically moved less than the broad market.
The primary objective of this portfolio is to deliver the highest possible total return, drawing from both capital appreciation and current income generation. Under typical market conditions, the portfolio allocates a minimum of 80% of its capital to debt instruments issued by U.S.-based corporations or comparable non-governmental entities; these core holdings may comprise anywhere from 80% to potentially 100% of the portfolio's total assets. Up to one-fifth of its holdings, however, can be diversified into other security types that are not restricted to fixed-income instruments or U.S.-centric issuers.
Lazard US High Yield Portfolio Open is most often compared with the following Financial Services names: