Lazard Enhanced Opportunities Portfolio Open Shares 

The primary objectives of this investment are to generate ongoing income and foster significant capital growth over an extended timeframe. To accomplish these aims across various market conditions, the fund implements a hedged investment methodology, predominantly allocating assets to convertible debt instruments and preferred equities, which may encompass those rated below investment grade, often referred to as 'junk bonds'. While the portfolio generally prioritizes businesses domiciled in the United States, it retains the flexibility to invest in non-U.S. entities, including through mechanisms like depositary receipts and direct stock ownership. Notably, this fund operates as a non-diversified vehicle.