ETF profile for Lazard Hybrid Financial Income ETF (HYFY) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
HYFY ETF Profile
| Family: |
Lazard Asset Management |
| Name: |
Lazard Hybrid Financial Income ETF |
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| Inception Date: |
6-Nov-2026 |
| Termination Date: |
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| Investment Objective: |
Under normal circumstances, the Portfolio invests at least 80% of its net assets in Hybrid Securities issued by companies in the financials sector. Hybrid Securities are instruments that exhibit both bond- and equity-like features, including, but not limited to, preferred securities, contingent convertible securities ("CoCos"), capital securities and subordinated debt. Hybrid Securities are often subordinated in a company's capital structure and may have higher risk than senior or secured debt. CoCos are hybrid instruments issued primarily by banks and other financial institutions as a form of loss-absorbing regulatory capital. Unlike conventional bonds, CoCos are structured to automatically convert into equity or have their principal written down, potentially to zero, upon the occurrence of a pre-specified "trigger" event. The Portfolio will invest in securities issued across the globe, with a focus of its investments in Europe and North America, although the allocation of the Portfolio's assets among countries and regions may vary from time to time based on the Investment Manager's judgment and its analysis of market conditions. |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
400,000 |
| Total Net Assets: |
10,016,800 |
| NAV: |
25.05 |
| Net Expense Ratio: |
0.60% |
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| Asset Class: |
Bonds |
| Developed or Emerging: |
Funds Combining Developed & Emerging Exposure |
| Country: |
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| Region: |
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| Strategy: |
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| Currency: |
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| Commodity: |
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| Sector: |
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| Industry: |
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| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
Long (10 + years) |
| Market Cap: |
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| Credit Quality: |
High Yield |
| Mortgage Bond Types: |
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| Bond Type: |
Convertible |
| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Global |
