Lazard Emerging Markets Debt Portfolio Open Shares 

This fund primarily allocates capital to debt instruments that are issued or guaranteed by sovereign governments, state-backed agencies, supranational organizations, corporations, or other private sector entities. A minimum of 80% of its assets are committed to fixed-income securities with economic links to developing nations. For the purpose of this portfolio, emerging market countries encompass all nations not represented by the MSCI World Index. The fund employs a non-diversified investment approach.