The Lazard US High Yield strategy seeks to outperform the total return of the higher quality, non-distressed portion of the high yield bond market as represented by the ICE BofA US High Yield Index. The strategy is invested in intermediate duration US corporate bonds generally rated below BBB, concentrating in BB and B rated issues. Securities are selected based on credit fundamentals and relative value.
| Type | Lazard |
|---|---|
| Alpha (trailing 3 years) | -0.60 |
| Beta (%, trailing 3 years) | 0.97 |
| Tracking Error (trailing 3 years) | 1.24 |
| R-squared (%, trailing 3 years) | 0.98 |
| Standard Deviation (%, trailing 3 years) | 8.09 |
| Sharpe Ratio (trailing 3 years) | -0.03 |
28-Feb-2025 All values in USD unless otherwise specified Performance Inception: 01-Mar-1995
Performance for periods shorter than one year has not been annualized.
Performance is presented on both a gross of all fees and net of fees basis. The performance quoted represents past performance. Past performance is not a reliable indicator of future results. Additional information on the fees and expenses applied to obtain net performance returns can be accessed by referencing the GIPS compositeopens in a new tab.
