Lazard Retirement US Small-Mid Cap Equity Portfolio
Data updated: 2026-05-28
C000028474 — Lazard Retirement US Small-Mid Cap Equity Portfolio. United States Small Cap Value Equity. Holdings, fees, performance and SEC filings.
C000028474 Fund Overview
Lazard Retirement US Small-Mid Cap Equity Portfolio is a US mutual fund managed by Lazard Retirement Series INC, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Lazard Retirement Series INC
- Category: United States Small Cap Value Equity
- Assets under management: $8.83M
- 1-year return: 13.6%
- SEC CIK: 0001033669
- SEC series ID: S000010298
- Share class ID: C000028474
C000028474 Investment Objective and Strategy
Lazard Retirement US Small-Mid Cap Equity Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lazard Retirement Series INC.
Investment objective
The Portfolio seeks long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of small cap U.S. companies. The Investment Manager considers small cap companies to be those companies that, at the time of initial purchase by the Portfolio, have market capitalizations within the range of companies included in the Russell 2000 Index (ranging from approximately $4.4 million to $38.0 billion as of March 31, 2026). Equity security investments primarily include common stocks. The Portfolio considers a company or issuer to be a U.S. company if: (i) the company/issuer is organized under the laws of or is domiciled in the U.S. or maintains its principal place of business in the U.S.; (ii) the security, or security of such company/issuer, is traded principally in the U.S.; or (iii) during the most recent fiscal year of the company/issuer, the company/issuer derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in the U.S.
or that has at least 50% of its assets in the U.S. The Investment Manager, through its bottom-up, fundamental research process, invests in companies it believes have strong and/or improving financial productivity and are undervalued based on their earnings, cash flow or asset values. The Investment Manager focuses on relative value in seeking to construct a diversified portfolio of investments for the Portfolio that maintains sector and industry balance, using investment opportunities identified through bottom-up fundamental research conducted by the Investment Managers small cap and global research analysts. The Portfolio may invest up to 20% of its assets in the securities of larger or smaller U.S. or non-U.S. companies.
C000028474 Holdings
Top 10 holdings of Lazard Retirement US Small-Mid Cap Equity Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Advanced Energy Industries Inc | 2.72% |
| Texas Capital Bancshares Inc | 2.31% |
| Wintrust Financial Corp | 2.27% |
| Toro Co/The | 2.14% |
| First American Financial Corp | 2.11% |
| Regal Rexnord Corp | 2.00% |
| Landstar System Inc | 1.98% |
| Middleby Corp/The | 1.95% |
| Roku Inc | 1.95% |
| First Watch Restaurant Group Inc | 1.94% |
C000028474 Portfolio Allocation
Asset-class allocation of Lazard Retirement US Small-Mid Cap Equity Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.2% |
| Cash & Equivalents | 0.4% |
C000028474 Performance
Total returns for C000028474 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.4% |
| 1 year | 13.6% |
| 3 years (annualised) | 7.2% |
| 5 years (annualised) | 2.5% |
C000028474 Risk Information
Risk metrics for C000028474, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.3%
C000028474 Costs and Fees
C000028474 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.41%
- Portfolio turnover: 89%
- Brokerage commissions: 17.51 bps of average net assets (SEC N-CEN)
C000028474 Cashflows
Over the 12 months to 2026-03, Lazard Retirement US Small-Mid Cap Equity Portfolio had net outflows of $25.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$146.12K |
| 2026-02 | −$284.71K |
| 2026-01 | −$31.70K |
| 2025-12 | −$7.49K |
| 2025-11 | −$63.68K |
| 2025-10 | −$23.66M |
C000028474 Debt Constituents
No individual debt constituents are reported in Lazard Retirement US Small-Mid Cap Equity Portfolio's latest SEC N-PORT filing.
C000028474 Prospectus and SEC Filings
Official Lazard Retirement US Small-Mid Cap Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-09
- Prospectus (485BPOS) — filed 2025-04-10
- Prospectus supplement (497) — filed 2025-05-06
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Portfolio holdings (N-PORT) — filed 2025-11-24
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.