RLCPX — Lazard Opportunistic Strategies Portfolio
Data updated: 2026-08-21
RLCPX — Lazard Opportunistic Strategies Portfolio. United States Blend / Core Equity · $24.01M AUM. Holdings, fees, performance and SEC filings.
RLCPX Fund Overview
RLCPX — Lazard Opportunistic Strategies Portfolio is a US mutual fund managed by Lazard Funds INC, categorised as United States Blend / Core 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 Funds INC
- Category: United States Blend / Core Equity
- Assets under management: $24.01M
- Ticker: RLCPX
- SEC CIK: 0000874964
- SEC series ID: S000020883
- Share class ID: C000134194
RLCPX Investment Objective and Strategy
Lazard Opportunistic Strategies Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lazard Funds INC.
Investment objective
The Portfolio seeks long-term capital appreciation.
Principal investment strategy
The Portfolio utilizes an asset allocation strategy to invest in a global portfolio of uncorrelated assets that can include exposure, through underlying vehicles, to stocks, bonds, commodities and other investments. The Portfolio invests primarily in exchange-traded open-end management investment companies (ETFs), generally those that pursue a passive index-based strategy, as well as actively managed closed-end management investment companies (closed-end funds, and, together with ETFs, Underlying Funds). ETFs in which the Portfolio may invest include both ETFs designed to correlate directly with an index and ETFs designed to correlate inversely with an index and may include actively-managed ETFs. The Portfolio, through Underlying Funds in which it invests, may invest in non-U.S. companies (including those in emerging markets), and the Portfolio also may invest directly in equity and debt securities in addition to its investments in Underlying Funds.
The Portfolios investment portfolio is concentrated in a relatively small number of holdings (generally 10 to 30). Investors can invest directly in Underlying Funds and do not need to invest in Underlying Funds through mutual funds or separately managed accounts. The Portfolio may, but is not required to (1) enter into equity, total return and currency swap agreements; futures contracts and options on futures contracts (including with respect to index and commodities); and forward currency contracts; and (2) write put and covered call options on securities (including shares of ETFs), indexes and currencies, in each case for hedging purposes or to seek to increase returns, including as a substitute for purchasing an Underlying Fund. The Portfolio may, but is not required to, effect short sales of securities.
A short sale involves the sale of a security that the Portfolio does not own in the expectation of purchasing the same security (or a security exchangeable therefor) at a later date and at a lower price and profiting from the price decline. Similarly, when taking short positions with respect to securities through investments in derivative instruments, the Investment Manager is expecting the value of such securities to fall during the period of the Portfolios investment exposure. Although the Portfolio is classified as diversified under the Investment Company Act of 1940, as amended (the 1940 Act), it may invest in a smaller number of issuers than other, more diversified, investment portfolios.
RLCPX Holdings
Top 10 holdings of Lazard Opportunistic Strategies Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard S&P 500 ETF | 13.46% |
| Vanguard S&P 500 Growth ETF | 12.28% |
| Vanguard S&P 500 Value ETF | 12.14% |
| iShares 20+ Year Treasury Bond ETF | 11.64% |
| State Street SPDR EURO STOXX 50 ETF | 7.14% |
| Invesco QQQ Trust Series 1 | 7.03% |
| iShares 1-3 Year Treasury Bond ETF | 5.02% |
| iShares MSCI Japan ETF | 4.31% |
| Lazard Next Gen Technologies ETF | 4.19% |
| iShares International Treasury Bond ETF | 3.89% |
RLCPX Portfolio Allocation
Asset-class allocation of Lazard Opportunistic Strategies Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.1% |
| Cash & Equivalents | 3.8% |
| Derivatives | 0.5% |
RLCPX Performance
Total returns for RLCPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.2% |
| 1 year | 14.9% |
| 3 years (annualised) | 13.3% |
| 5 years (annualised) | 6.1% |
RLCPX Risk Information
Risk metrics for RLCPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
RLCPX Costs and Fees
RLCPX costs about $121 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.21%
- Gross expense ratio: 1.81%
- Portfolio turnover: 56%
- Brokerage commissions: 3.75 bps of average net assets (SEC N-CEN)
RLCPX Cashflows
Over the 12 months to 2026-06, Lazard Opportunistic Strategies Portfolio had net outflows of $6.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$156.85K |
| 2026-05 | −$200.50K |
| 2026-04 | −$435.53K |
| 2026-03 | −$44.42K |
| 2026-02 | −$45.25K |
| 2026-01 | −$582.20K |
RLCPX Debt Constituents
No individual debt constituents are reported in Lazard Opportunistic Strategies Portfolio's latest SEC N-PORT filing.
RLCPX Prospectus and SEC Filings
Official Lazard Opportunistic Strategies Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus supplement (497) — filed 2024-05-03
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Blend / Core 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.