LCAIX Performance — Lazard Opportunistic Strategies Portfolio, Institutional Shares
Data updated: 2026-08-21
LCAIX returned +7.20% year to date and +14.89% over one year to Jun 2026. Annualised returns are +13.28% over 3 years and +6.13% over 5 years. The fund trailed its Global Large Blend category average: $100 invested three years ago grew to $145, against $156 for the category, and to $115 over one year, against $118. Volatility over the past three years was 10.39% a year. In the 12 months to Jun 2026 the fund lost a net $6.1M, and assets reached $24.01M.
LCAIX Growth of $100
What $100 invested in Lazard Opportunistic Strategies Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | LCAIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $115 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $145 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $135 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $165 | $204 |
LCAIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.20% |
| 1 year | +14.89% |
| 3 years (annualised) | +13.28% |
| 5 years (annualised) | +6.13% |
LCAIX Annual Returns
Calendar-year total returns of Lazard Opportunistic Strategies Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.20% |
| 2025 | +14.00% |
| 2024 | +12.31% |
| 2023 | +10.29% |
| 2022 | −14.93% |
| 2021 | +12.94% |
| 2020 | +9.46% |
| 2019 (Jul–Dec) | +3.65% |
LCAIX 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 | +2.3% | +1.0% | −4.6% | +5.7% | +3.7% | −0.7% | — | — | — | — | — | — |
| 2025 | +2.9% | −0.1% | −3.4% | −0.6% | +4.1% | +3.5% | +0.1% | +1.5% | +3.8% | +1.6% | −0.3% | +0.3% |
| 2024 | +0.5% | +3.3% | +2.5% | −4.8% | +3.7% | +2.3% | +0.9% | +1.9% | +1.7% | −1.6% | +4.7% | −3.0% |
| 2023 | +3.1% | −2.8% | +2.1% | +1.0% | −2.5% | +3.3% | +3.0% | −2.8% | −3.8% | −2.4% | +7.2% | +5.1% |
| 2022 | −5.0% | −1.7% | +0.9% | −4.9% | −0.6% | −5.2% | +3.9% | −2.1% | −5.3% | +4.1% | +2.9% | −2.6% |
| 2021 | −0.7% | +1.7% | +2.7% | +2.6% | +1.2% | +0.2% | +0.9% | +2.2% | −3.9% | +4.2% | −2.5% | +3.7% |
| 2020 | +0.1% | −4.0% | −8.4% | +7.7% | +4.0% | +1.4% | +2.6% | +2.1% | −1.4% | −2.1% | +6.2% | +1.8% |
| 2019 | — | — | — | — | — | — | +1.0% | −1.2% | +0.5% | +0.8% | +1.2% | +1.2% |
LCAIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.39%
- 3-year Sharpe ratio: 0.84 (vs 4.5% risk-free rate)
- Best month: +7.17% (Nov 2023)
- Worst month: −4.76% (Apr 2024)
LCAIX Fund Flows
Monthly money in and out of Lazard Opportunistic Strategies Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$6.1M
- 12-month gross sales (incl. reinvestments): $5.4M
- Sales ÷ redemptions: 0.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $287 | $157K | −$157K |
| May 2026 | $143 | $201K | −$200K |
| Apr 2026 | $60 | $436K | −$436K |
| Mar 2026 | $124K | $169K | −$44K |
| Feb 2026 | $207 | $45K | −$45K |
| Jan 2026 | $99K | $681K | −$582K |
| Dec 2025 | $5.0M | $2.0M | $3.0M |
| Nov 2025 | $13 | $382K | −$382K |
| Oct 2025 | $1 | $234K | −$234K |
| Sep 2025 | $0 | $376K | −$376K |
| Aug 2025 | $236K | $6.6M | −$6.4M |
| Jul 2025 | $53 | $266K | −$266K |
LCAIX Assets Under Management
Net assets of Lazard Opportunistic Strategies Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $24.01M |
| 2026-03-31 | $22.80M |
| 2025-12-31 | $23.82M |
| 2025-09-30 | $23.91M |
| 2025-06-30 | $29.87M |
| 2025-03-31 | $29.29M |
| 2024-12-31 | $31.83M |
| 2024-09-30 | $34.26M |
| 2024-06-30 | $35.32M |
| 2024-03-31 | $36.60M |
| 2023-12-31 | $36.70M |
| 2023-09-30 | $38.15M |
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.