UMNIX

About UMNIX

Lazard US Short Duration Fixed Income Portfolio Institutional Shares is an open‑end mutual fund focused on high‑quality, short‑maturity U.S. bonds. The portfolio seeks total return with preservation of capital by investing predominantly in investment‑grade fixed income and maintaining a very short duration profile, aligning with the ultrashort bond category’s emphasis on minimal interest‑rate sensitivity and liquidity management. Its holdings are concentrated in U.S. Treasuries and high‑grade corporate and agency issuers, reflecting a conservative credit stance and a focus on steady income generation. The fund distributes income on a monthly basis and carries an expense ratio near the lower end of active peers in this segment. Positioned as a cash‑management and core short‑duration allocation, it can serve institutions and sophisticated investors needing a bridge between money market stability and broader bond market exposure, with potential diversification benefits from low market beta and a disciplined approach to asset‑backed and mortgage‑backed opportunities overseen by an experienced U.S. fixed income team.