RLSDX — Lazard US Short Duration Fixed Income Portfolio

RLSDX Fund Overview

RLSDX — Lazard US Short Duration Fixed Income Portfolio is a US mutual fund managed by Lazard Funds INC, categorised as Short Treasury / Sovereign Bond. 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: Short Treasury / Sovereign Bond
• Assets under management: $33.77M
• Ticker: RLSDX
• SEC CIK: 0000874964
• SEC series ID: S000031124
• Share class ID: C000134199

RLSDX Investment Objective and Strategy

Lazard US Short Duration Fixed Income 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 total return and preservation of capital.

Principal investment strategy

Under normal circumstances, the Portfolio invests at least 80% of its assets in fixed-income securities of U.S. issuers. Fixed income securities include U.S. government securities, corporate securities, mortgage-related and asset-backed securities, municipal securities, structured products, preferred stocks and inflation-indexed-securities. The Portfolio considers a company or issuer to be U.S. issuer if: (i) the company/issuer is organized under the laws of or is domiciled in the US 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. These securities may have any type of interest rate payment terms, including fixed rate, adjustable rate or zero coupon features. Under normal circumstances, the Portfolios investment portfolio can be expected to have an average effective duration of three years or less. Duration is an estimate of the sensitivity of the price (the value of principal) of a fixed-income security to a change in interest rates. Generally, the longer the duration, the higher the expected volatility. For example, the market price of a fixed-income security with a duration of three years would be expected to decline 3% if interest rates rose 1%. Conversely, the market price of the same security would be expected to increase 3% if interest rates fell 1%. The Portfolio invests primarily in securities that are rated investment grade by one or more nationally recognized statistical rating organizations (or, if unrated, determined by the Investment Manager to be of comparable quality).

Securities are evaluated based on their fundamental and structural characteristics. Valuation analysis is tailored to the specific asset class, but may include credit research and analysis of features such as prepayment or call options, maturity, duration and coupon. The Portfolio may invest up to 20% of its assets in other securities which need not be fixed-income securities of U.S. issuers.

RLSDX Holdings

Top 10 holdings of Lazard US Short Duration Fixed Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all RLSDX holdings

RLSDX Portfolio Allocation

Asset-class allocation of Lazard US Short Duration Fixed Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

RLSDX Performance

Total returns for RLSDX (as of 2026-10-01), from SEC filings.

RLSDX Risk Information

Risk metrics for RLSDX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.5%

RLSDX Costs and Fees

RLSDX costs about $35 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.35%
• Gross expense ratio: 0.73%
• Portfolio turnover: 164%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

RLSDX Cashflows

Over the 12 months to 2026-03, Lazard US Short Duration Fixed Income Portfolio had net inflows of $3.03M, from monthly SEC N-PORT filings.

RLSDX Debt Constituents

Largest debt holdings of Lazard US Short Duration Fixed Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

RLSDX Prospectus and SEC Filings

Official Lazard US Short Duration Fixed Income 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 2026-05-28
• 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 Short Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Bond Index Fund (VBISX)
• Vanguard Short-Term Treasury Index Fund (VSBSX)
• iShares 1-3 Year Treasury Bond ETF (SHY)
• iShares 0-5 Year TIPS Bond ETF (STIP)
• Schwab Short-Term U.S. Treasury ETF (SCHO)

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.