Lazard Global Fixed Income Portfolio Open Shares 

The fund invests at least 80% of its assets in Fixed Income Investments. It invests significantly in issuers organized or located outside the U.S. or doing a substantial amount of business outside the US, securities denominated in a foreign currency or foreign currency forward contracts. The fund may invest in securities of issuers with business activities located in emerging market countries or denominated in an emerging market currency. It may invest up to 15% of its assets in securities that are rated below investment grade or the unrated equivalent.