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Lazard US Short Duration Fixed Inc Instl UMNIX

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

Morningstar’s Analysis UMNIX

Will UMNIX outperform in future?

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

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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