CONOX Performance — Lazard US Convertibles Portfolio, Open Shares
Data updated: 2026-08-21
CONOX returned +19.49% year to date and +30.98% over one year to Jun 2026. The annualised 3-year return is +13.97%. Against its Preferred & Convertible category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $148, against $155 for the category, and to $131 over one year, against $128. Volatility over the past three years was 11.75% a year. In the 12 months to Jun 2026 the fund lost a net $127K, and assets reached $19.00M.
CONOX Growth of $100
What $100 invested in Lazard US Convertibles Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Preferred & Convertible category average over the same months.
| Period | CONOX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $131 | $128 |
| 3 years (Jul 2023 – Jun 2026) | $148 | $155 |
| Since data start (Jan 2023 – Jun 2026) | $161 | $164 |
CONOX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.49% |
| 1 year | +30.98% |
| 3 years (annualised) | +13.97% |
CONOX Annual Returns
Calendar-year total returns of Lazard US Convertibles Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +19.49% |
| 2025 | +16.53% |
| 2024 | +5.09% |
| 2023 | +10.35% |
CONOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.7% | +1.7% | −3.3% | +10.7% | +5.2% | −0.4% | — | — | — | — | — | — |
| 2025 | +2.8% | −3.0% | −2.4% | +1.8% | +3.1% | +4.1% | +2.6% | +1.0% | +3.9% | +3.8% | −1.3% | −0.7% |
| 2024 | −1.2% | +0.1% | +1.6% | −3.4% | +1.4% | +1.7% | +0.9% | +1.4% | +1.4% | −0.2% | +5.9% | −4.2% |
| 2023 | +6.3% | −2.5% | +0.7% | −1.4% | +0.9% | +5.2% | +2.1% | −3.4% | −3.0% | −4.7% | +5.4% | +5.2% |
CONOX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.75%
- 3-year Sharpe ratio: 0.81 (vs 4.5% risk-free rate)
- Best month: +10.69% (Apr 2026)
- Worst month: −4.74% (Oct 2023)
CONOX Fund Flows
Monthly money in and out of Lazard US Convertibles Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$127K
- 12-month gross sales (incl. reinvestments): $4.4M
- Sales ÷ redemptions: 0.97×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $606K | $6K | $600K |
| May 2026 | $56 | $189 | −$134 |
| Apr 2026 | $253 | $14K | −$14K |
| Mar 2026 | $2.8M | $4.5M | −$1.7M |
| Feb 2026 | $228 | $3K | −$3K |
| Jan 2026 | $215 | $20K | −$20K |
| Dec 2025 | $717K | $2K | $716K |
| Nov 2025 | $0 | $135 | −$135 |
| Oct 2025 | $54 | $154 | −$101 |
| Sep 2025 | $37K | $197 | $37K |
| Aug 2025 | $220K | $496 | $220K |
| Jul 2025 | $0 | $97 | −$97 |
CONOX Assets Under Management
Net assets of Lazard US Convertibles Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $19.00M |
| 2026-03-31 | $16.38M |
| 2025-12-31 | $17.45M |
| 2025-09-30 | $17.11M |
| 2025-06-30 | $15.88M |
| 2025-03-31 | $14.53M |
| 2024-12-31 | $13.01M |
| 2024-09-30 | $12.86M |
| 2024-06-30 | $12.38M |
| 2024-03-31 | $12.46M |
| 2023-12-31 | $9.29M |
| 2023-09-30 | $8.78M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.