LEVOX

About LEVOX

Lazard US Equity Concentrated Portfolio Open Shares is a mutual fund focused on achieving long-term capital appreciation through investments in U.S. equity securities. Managed by Lazard, the portfolio adopts a concentrated strategy, typically holding between 15 to 35 companies that span the full spectrum of market capitalizations, generally above $350 million. Its investment approach is benchmark-agnostic, prioritizing thorough fundamental analysis to identify stocks considered undervalued and those with strong financial productivity, such as high returns on equity and robust free cash flow. The fund falls into the "Large Blend" category, meaning it provides exposure to a broad range of large-cap U.S. stocks without a distinct value or growth tilt. Major holdings often include leading names in technology, consumer cyclical, financial services, and industrial sectors. With a high percentage of assets allocated to its top holdings, the fund is more concentrated than typical diversified equity funds, aiming to capitalize on the portfolio managers’ highest-conviction ideas. This concentrated structure positions the fund as a focused option within the U.S. equity landscape, suited for those seeking exposure to select, high-potential American companies identified through intensive research and analysis.