LEOOX

About LEOOX

Lazard Enhanced Opportunities Portfolio Open Shares is a mutual fund designed to provide current income and long-term capital appreciation through a sophisticated relative value arbitrage strategy. Its primary function is to exploit pricing discrepancies between pairs or combinations of securities, regardless of asset class, by utilizing a combination of long and short positions across convertible fixed income and preferred securities, including those rated below investment grade. The portfolio is non-diversified and invests mainly in U.S. companies, but also allocates to non-U.S. issuers, such as depositary receipts and shares. With over 600 holdings, the fund maintains a low beta profile, reflecting its low correlation with major market indexes, and aims for returns that are less dependent on broad market movements. Investors benefit from semi-annual dividend payouts, and the fund has demonstrated consistent performance over multiple years. Its approach can involve high portfolio turnover as it seeks opportunities for arbitrage and value convergence. This fund plays a specialized role in the market by offering access to alternative investment strategies that seek to deliver risk-adjusted returns through dynamic asset allocation and hedged exposures.