# EDGAR Filing Document

**Accession Number:** 0002051630
**File Stem:** 0001752724-25-196762
**Filing Date:** 2025-8
**Character Count:** 22624
**Document Hash:** 035f402c1a87a0509fc45ebddcdbcf5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-196762.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001752724-25-196762

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lazard Active ETF Trust
- **CENTRAL INDEX KEY:** 0002051630

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24041
- **FILM NUMBER:** 251239708

**BUSINESS ADDRESS:**
- **STREET 1:** C/O LAZARD ASSET MANAGEMENT LLC
- **STREET 2:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112
- **BUSINESS PHONE:** (800) 823-6300

**MAIL ADDRESS:**
- **STREET 1:** C/O LAZARD ASSET MANAGEMENT LLC
- **STREET 2:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112

## Series and Classes Contracts Data

### Lazard Japanese Equity ETF (Series ID: S000091515)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000259183 | Lazard Japanese Equity ETF | JPY             |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Lazard Active ETF Trust

- **b. Investment Company Act file number:** 811-24041

- **c. CIK number of Registrant:** 0002051630

- **d. LEI of Registrant:** 254900CR1PMVJV76SB71

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 30 ROCKEFELLER PLAZA

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10112

  - **Telephone number:** 212-632-6000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Lazard Japanese Equity ETF

- **b. EDGAR series identifier (if any):** S000091515

- **c. LEI of Series:** 529900TJ9RCIMPNULA48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $37388735.62

**Total Liabilities:** $22541.10

**Net Assets:** $37366194.52

**Cash Not Reported:** $84982.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259183 | 10.08%               | 4.36%                | 2.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $73105.64                | $2642640.23                                |
| Month 2  | $10768.68                | $1521104.34                                |
| Month 3  | $-14141.43               | $742019.87                                 |

### Schedule of Portfolio Investments

| Name                                | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SMC Corp                            | SMC Corp                            | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      1500 | NS      | $540413.31    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yakult Honsha Co Ltd                | Yakult Honsha Co Ltd                | CUSIP: 000000000<br>LEI: 353800YJPSPGG7KI0S71 | Long             | EC               | CORP              | JP        |     35400 | NS      | $664768.60    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Chemicals Inc                | Mitsui Chemicals Inc                | CUSIP: 000000000<br>LEI: 353800H2UB5ZEZRZQC02 | Long             | EC               | CORP              | JP        |     15600 | NS      | $360178.61    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc  | Mitsubishi UFJ Financial Group Inc  | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    129400 | NS      | $1776456.09   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaku.com Inc                      | Kakaku.com Inc                      | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |     21300 | NS      | $394900.48    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                          | Disco Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1500 | NS      | $442694.45    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd        | Sumitomo Metal Mining Co Ltd        | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |      7200 | NS      | $177451.63    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd         | Daiwa House Industry Co Ltd         | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      9200 | NS      | $315530.48    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                     | Sony Group Corp                     | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     62700 | NS      | $1619100.70   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Daifuku Co Ltd                      | Daifuku Co Ltd                      | CUSIP: 000000000<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |     13800 | NS      | $355592.79    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd               | Mitsui Fudosan Co Ltd               | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     70800 | NS      | $683761.99    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd                         | Fujitsu Ltd                         | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     28300 | NS      | $688666.97    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UBE Corp                            | UBE Corp                            | CUSIP: 000000000<br>LEI: 529900XMRZ2VNF3ZPS69 | Long             | EC               | CORP              | JP        |      9500 | NS      | $148769.43    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                         | Hitachi Ltd                         | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     49000 | NS      | $1426459.90   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd                  | Tokyo Electron Ltd                  | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      6100 | NS      | $1168943.20   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimizu Corp                        | Shimizu Corp                        | CUSIP: 000000000<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |     59500 | NS      | $663605.52    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Logistics Corp           | Mitsubishi Logistics Corp           | CUSIP: 000000000<br>LEI: 529900GJKGNRLQBJUH32 | Long             | EC               | CORP              | JP        |     31100 | NS      | $254600.37    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd               | Daikin Industries Ltd               | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      4800 | NS      | $565751.67    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Telegraph & Telephone Corp   | Nippon Telegraph & Telephone Corp   | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |    951200 | NS      | $1014121.64   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc                 | Nomura Holdings Inc                 | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |     55500 | NS      | $365786.29    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Rinnai Corp                         | Rinnai Corp                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14900 | NS      | $369186.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| THK Co Ltd                          | THK Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16000 | NS      | $427235.28    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Okamura Corp                        | Okamura Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8500 | NS      | $130637.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd         | Murata Manufacturing Co Ltd         | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     21600 | NS      | $322104.61    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp                    | Nitto Denko Corp                    | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     25400 | NS      | $490872.65    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc                 | Resona Holdings Inc                 | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |     99600 | NS      | $918461.70    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd             | Recruit Holdings Co Ltd             | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      6200 | NS      | $366347.05    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| East Japan Railway Co               | East Japan Railway Co               | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     25600 | NS      | $550831.11    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp                           | ORIX Corp                           | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     24300 | NS      | $548430.20    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp                          | FANUC Corp                          | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     12900 | NS      | $351870.95    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd           | Shin-Etsu Chemical Co Ltd           | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     25000 | NS      | $825919.90    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitori Holdings Co Ltd              | Nitori Holdings Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5100 | NS      | $491481.19    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp                   | Toyota Motor Corp                   | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     38500 | NS      | $664477.83    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK Corp                            | TDK Corp                            | CUSIP: 000000000<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |     57000 | NS      | $669067.81    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                          | Inpex Corp                          | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     42600 | NS      | $597216.93    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rengo Co Ltd                        | Rengo Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     49100 | NS      | $265614.87    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMCO Corp                          | SUMCO Corp                          | CUSIP: 000000000<br>LEI: 353800SUSRUOM0V6KU92 | Long             | EC               | CORP              | JP        |     25600 | NS      | $201156.15    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp              | FUJIFILM Holdings Corp              | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     25800 | NS      | $561207.38    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc | Sumitomo Mitsui Financial Group Inc | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     55700 | NS      | $1401320.92   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                         | Komatsu Ltd                         | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     23400 | NS      | $767391.05    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp                   | Suzuki Motor Corp                   | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     63300 | NS      | $763833.29    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Corp                         | Makita Corp                         | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     16100 | NS      | $496336.32    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Chemical Corp                | Nissan Chemical Corp                | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |      6300 | NS      | $191950.57    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Group Corp                 | SoftBank Group Corp                 | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     13100 | NS      | $953625.95    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp            | Mitsubishi Electric Corp            | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |     30400 | NS      | $654743.33    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Suisan Kaisha Ltd              | Toyo Suisan Kaisha Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6600 | NS      | $437959.08    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaha Corp                         | Yamaha Corp                         | CUSIP: 000000000<br>LEI: 529900S5TENP3IJS7S02 | Long             | EC               | CORP              | JP        |     28100 | NS      | $202805.57    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd        | Takeda Pharmaceutical Co Ltd        | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     35400 | NS      | $1084461.21   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Koito Manufacturing Co Ltd          | Koito Manufacturing Co Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18600 | NS      | $222061.68    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc          | Mizuho Financial Group Inc          | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     43400 | NS      | $1199738.31   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co              | MatsukiyoCocokara & Co              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24900 | NS      | $511549.38    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co Ltd           | Seven & i Holdings Co Ltd           | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |     48500 | NS      | $779988.92    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Forestry Co Ltd            | Sumitomo Forestry Co Ltd            | CUSIP: 000000000<br>LEI: 549300FIIRGO6D5FWR19 | Long             | EC               | CORP              | JP        |     57900 | NS      | $584631.87    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hino Motors Ltd                     | Hino Motors Ltd                     | CUSIP: 000000000<br>LEI: 3538009ZU0PHKNHJM202 | Long             | EC               | CORP              | JP        |     47100 | NS      | $117061.17    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc/The    | Kansai Electric Power Co Inc/The    | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |     67400 | NS      | $797442.63    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc           | Tokio Marine Holdings Inc           | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     29700 | NS      | $1256510.78   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                          | Denso Corp                          | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     39700 | NS      | $536085.36    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp                     | Mitsubishi Corp                     | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     54000 | NS      | $1079663.54   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp          | Nippon Sanso Holdings Corp          | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |     20700 | NS      | $782886.91    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** Lazard Active ETF Trust

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer