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Morningstar

Lazard US Short Duration Fixed Inc Instl UMNIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.46  /  0.02 %
  • Total Assets 58.5 Mil
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.400%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 1.34%
  • Effective Duration 1.27 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis UMNIX

Will UMNIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UMNIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the UMNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of UMNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Strength in Lazard US Short Duration Fixed Inc Instl's People Pillaris partially offset by an Average Process Pillar rating, leading to a Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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