Lazard Files Active ETF Targeting U.S.-Linked High Yield Corporate Bonds

The Lazard US High Yield ETF will invest at least 80% of its assets in below-investment-grade corporate bonds and similar fixed-income securities tied economically to the U.S. The portfolio will focus on high-yield issuers, including unrated securities, with an expected weighted average maturity of two to ten years. The actively-managed strategy uses bottom-up fundamental and valuation analysis to identify undervalued opportunities across sectors, while retaining flexibility to invest up to 20% of assets in other securities outside its core mandate.