Lazard Us Systematic Small Cap Equity ETF (SYZ US)
SYZ US$29.43
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 29.43
- Change
- ▼ -0.08 (-0.26)
- Bid / Ask
- 29.57 - 29.62
- Volume
- 1,624
- Turnover
- 44,069
- Open
- 29.41
- Day Range
- 29.41 - 29.52
- VWAP
- 29.46
- Prev Close
- 29.51
- Last Trade
- 28/10 3:19pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$62.5M
OCT 2026
Distributions
Annually
Since inception
5.0 yrs
OCT 2021
- Legal name
- Lazard US Systematic Small Cap Equity ETF
- Issuer
- Lazard
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Small Blend
- Category index
- Morningstar US Small Cap Mkt TR USD
- Benchmark
- Russell 3000 TR USD
- ETF net assets
- $62.5M
- Units on issue
- 2.1M
- Management fee
- 0.60% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 29 OCT 2021
- Listed
- 15 SEP 2025
- Index provider
- Russell Index
Objective and strategy
The investment seeks long-term capital appreciation. The Portfolio invests primarily in equity securities, principally common stocks, of small capitalization U.S. companies. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of small cap U.S. companies. The Portfolio may invest up to 20% of its assets in other securities which need not be equity securities of small cap U.S. companies, including investments in larger U.S. companies and in non-U.S. companies, including securities of emerging markets companies traded on a U.S. exchange.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 90.92%Non-US equity 8.31%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.23 | 99.23 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.77 | 0.77 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 37.55%Sensitive 46.78%Defensive 15.68%
- Basic Materials
- 4.84%
- Consumer Cyclical
- 10.56%
- Financial Services
- 15.36%
- Real Estate
- 6.79%
- Communication Services
- 4.02%
- Energy
- 4.45%
- Industrials
- 16.79%
- Technology
- 21.52%
- Consumer Defensive
- 2.43%
- Healthcare
- 12.69%
- Utilities
- 0.55%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 98.24%Emerging markets 1.77%
- North America
- 94.07%
- Latin America
- 2.30%
- United Kingdom
- 0.40%
- Europe Developed
- 1.53%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 1.10%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.55%
- Asia Emerging
- 0.04%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 91.63%
- Canada
- 2.45%
- Other Countries
- 1.54%
- Israel
- 1.04%
- Brazil
- 0.86%
- Singapore
- 0.55%
- Switzerland
- 0.50%
- Sweden
- 0.48%
- United Kingdom
- 0.40%
- Mexico
- 0.24%
- Greece
- 0.20%
- South Africa
- 0.06%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Blend
Size score
15
Small
Mid
Large
Value-growth score
165
Value
Blend
Growth
Economic moat
Wide 3%Narrow 58%None 39%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 1.53%
- Mid
- 5.34%
- Small
- 52.14%
- Micro
- 40.99%
Large 2%Mid 5%Small 52%Micro 41%
- Average market cap
- $4.17B
- Number of holdings
- 490
- Shares held
- 488
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 16.05
- Price / book
- 2.39
- Price / sales
- 1.47
- Price / cash flow
- 10.42
- Dividend yield
- 1.17%
- Assets in top 10
- 7.19%
- Return on equity
- 16.92%
- Net margin
- 12.91%
- Earnings growth (3 yr)
- 13.32%
Top holdings · top 10 = 7.45% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Mueller Industries Inc MLI | 0.92 | DEC 2021 | 584,739 | USD | 9,619 | Industrials | United States | |
| Interface Inc TILE | 0.80 | SEP 2024 | 510,019 | USD | 14,597 | Consumer Cyclical | United States | |
| Lazard Govt Mny Mmkt Ins Lzixx | 0.79 | — | 500,688 | — | 500,688 | — | — | |
| Openlane Inc OPLN | 0.73 | JUN 2023 | 463,878 | USD | 13,403 | Consumer Cyclical | United States | |
| Diodes Inc DIOD | 0.73 | JUN 2025 | 461,897 | USD | 4,753 | Technology | United States | |
| Dynatrace Inc Ordinary Shares DT | 0.72 | JAN 2026 | 454,717 | USD | 7,904 | Technology | United States | |
| JFrog Ltd Ordinary Shares FROG | 0.70 | DEC 2021 | 446,247 | USD | 4,938 | Technology | United States | |
| Adeia Inc ADEA | 0.70 | MAR 2025 | 443,230 | USD | 17,930 | Technology | United States | |
| Arrow Electronics Inc ARW | 0.69 | SEP 2024 | 440,200 | USD | 1,912 | Technology | United States | |
| Digi International Inc DGII | 0.67 | JAN 2026 | 425,952 | USD | 5,568 | Technology | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-3.9
3M
-6.3
6M
11.1
YTD
15.0
1Y
16.1
3Y
15.4
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -3.91 | -3.83 | -3.85 | 26 / 627 |
| 3 months | -6.27 | -6.23 | -6.08 | 33 / 625 |
| 6 months | 11.10 | 11.24 | 11.55 | 49 / 624 |
| Year to date | 14.99 | 15.00 | 15.68 | 27 / 620 |
| 1 year | 16.13 | 16.21 | 17.08 | 37 / 618 |
| 3 years p.a. | 15.35 | 15.39 | 16.33 | 49 / 582 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2022
-16.3
2023
19.8
2024
12.9
2025
5.7
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 5.74 | 5.18 | 68 / 624 |
| 2024 | 12.92 | 12.37 | 27 / 624 |
| 2023 | 19.80 | 19.37 | 19 / 615 |
| 2022 | -16.33 | -16.92 | 49 / 611 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 3.43 | -6.43 | — | — |
| Beta | 0.76 | 1.04 | — | — |
| R-squared | 44.51 | 58.13 | — | — |
| Standard deviation | 14.90 | 16.87 | — | — |
| Sharpe ratio | 0.82 | 0.66 | — | — |
| Sortino ratio | 1.68 | 1.18 | — | — |
| Tracking error | 11.57 | 10.92 | — | — |
| Information ratio | 0.03 | -0.69 | — | — |
| Upside capture % | 84.47 | 93.43 | — | — |
| Downside capture % | 49.20 | 153.50 | — | — |
| Maximum drawdown % | -4.00 | -14.88 | — | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
81.7
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Best quarter
- 18.78% · JUN 2026
- Worst quarter
- -14.24% · OCT 2023
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.60% p.a.
- PDS dated
- 15 SEP 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.0303
- Ex Date
- 18 JUN 2026
- Record Date
- 18 JUN 2026
- Pay Date
- 18 JUN 2026
- NAV at ex date
- 30.25
- Paid this year
- 0.0722
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.1
2023
0.1
2022
0.1
2021
0.1
2020
0.1
| Year | Per unit ($) |
|---|---|
| 2024 | 0.1420 |
| 2023 | 0.1273 |
| 2022 | 0.0839 |
| 2021 | 0.1380 |
| 2020 | 0.0510 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 18 JUN 2026 | 0.0303 |
| 20 MAR 2026 | 0.0419 |
| 15 AUG 2025 | 0.1420 |
| 20 DEC 2024 | 0.1273 |
| 21 DEC 2023 | 0.0839 |
| 22 DEC 2022 | 0.1380 |
| 22 DEC 2021 | 0.0510 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Above Average
ESG risk score
23.61
Negligible
Low
Medium
High
Severe
Category average 25.65
- Rank in category
- 14th percentile of 1,846 funds
- Environmental risk
- 2.32
- Social risk
- 3.33
- Governance risk
- 1.98
- Portfolio covered
- 94.4%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 2.94%
- Low
- 30.26%
- Medium
- 46.15%
- High
- 17.27%
- Severe
- 3.39%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
12.22
Low
Medium
High
Severe
Category average 13.61
- Carbon risk
- Medium Risk
- Rank in category
- 4th percentile of 960 funds
- Fossil fuel involvement
- 5.21%
- Category average
- 7.68%
- Low Carbon Designation
- No
- Portfolio covered
- 94.4%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Oren Shiran
- Stefan Tang
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 5.0 years
- Longest tenure
- 5.0 years
- Longest serving
- Oren Shiran, Stefan Tang · since 29 OCT 2021
- Most recent appointment
- Oren Shiran, Stefan Tang · since 29 OCT 2021
- Managed since
- 29 OCT 2021
- Other funds managed
- 4
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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