# EDGAR Filing Document

**Accession Number:** 0001033669
**File Stem:** 0001410368-26-054018
**Filing Date:** 2026-5
**Character Count:** 95066
**Document Hash:** 7b533e9bb53c0684dd9ccd986cdcb665
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054018.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054018

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD RETIREMENT SERIES INC
- **CENTRAL INDEX KEY:** 0001033669

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08071
- **FILM NUMBER:** 261029403

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 212-632-6000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

## Series and Classes Contracts Data

### Lazard Retirement International Equity Portfolio (Series ID: S000010300)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000028478 | Service Shares |  |

## Nport-Ex

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-08071

Lazard Retirement Series, Inc.<br> (Exact name of Registrant as specified in charter)

30 Rockefeller Plaza<br> New York, New York 10112<br> (Address of principal executive offices) (Zip code)

Mark R. Anderson, Esq.<br> Lazard Asset Management LLC<br> 30 Rockefeller Plaza<br> New York, New York 10112<br> (Name and address of agent for service)

Registrant's telephone number, including area code: (212) 632-6000

Date of fiscal year end: 12/31

Date of reporting period: 3/31/2026

&nbsp;&nbsp;**Item 1: Schedule of Investments.**

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** |
| **Common Stocks \| 99.0%** |  |  |
| **Argentina \| 0.6%** |  |  |
| Vista Energy SAB de CV ADR (\*) | 36350 | $2743334 |
| **Brazil \| 13.3%** |  |  |
| Arcos Dorados Holdings, Inc., Class A | 305822 | 2523032 |
| Banco do Brasil SA | 1501304 | 6666215 |
| BB Seguridade Participacoes SA | 1043700 | 7013948 |
| Engie Brasil Energia SA | 518377 | 3285485 |
| Motiva Infraestrutura de Mobilidade SA | 1330950 | 4062341 |
| Petroleo Brasileiro SA - Petrobras ADR | 335232 | 6956064 |
| PRIO SA (\*) | 534700 | 6834655 |
| Rede D'Or Sao Luiz SA (#) | 444600 | 3344896 |
| Suzano SA | 344800 | 3454756 |
| Vale SA ADR | 419341 | 6671715 |
| Vibra Energia SA | 1279448 | 7810293 |
|  |  | 58623400 |
| **China \| 20.9%** |  |  |
| Alibaba Group Holding Ltd. | 178700 | 2813188 |
| Anhui Conch Cement Co. Ltd., Class H | 568325 | 1544017 |
| ANTA Sports Products Ltd. | 334200 | 3257808 |
| Bosideng International Holdings Ltd. | 8048000 | 4154768 |
| China Construction Bank Corp., Class H | 9376038 | 10183286 |
| China Medical System Holdings Ltd. | 1861000 | 3181422 |
| China Merchants Bank Co. Ltd., Class H | 1154237 | 7328260 |
| DaShenLin Pharmaceutical Group Co. Ltd., Class A | 1303298 | 3375265 |
| ENN Natural Gas Co. Ltd., Class A | 1519620 | 4805570 |
| Hengan International Group Co. Ltd. | 596182 | 2092331 |
| Huayu Automotive Systems Co. Ltd., Class A | 1079296 | 3016838 |
| Lenovo Group Ltd. | 5978000 | 7103981 |
| Midea Group Co. Ltd., Class A | 630700 | 7006433 |
| NetEase, Inc. | 264700 | 5889448 |
| Ping An Insurance Group Co. of China Ltd., Class H | 767500 | 5985257 |
| Sinopharm Group Co. Ltd., Class H | 2586797 | 6671065 |
| Tencent Holdings Ltd. | 33000 | 2083353 |
| Tingyi Cayman Islands Holding Corp. | 2758000 | 4565813 |
| Want Want China Holdings Ltd. | 5832000 | 3469920 |
| Weichai Power Co. Ltd., Class H | 890958 | 3176001 |
|  |  | 91704024 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Egypt \| 0.9%** |  |  |
| Commercial International Bank - Egypt (CIB) GDR | 1778163 | $3942759 |
| **France \| 1.1%** |  |  |
| Gaztransport Et Technigaz SA | 21466 | 5002650 |
| **Greece \| 2.1%** |  |  |
| Allwyn AG | 205628 | 3127579 |
| National Bank of Greece SA | 383210 | 5939417 |
|  |  | 9066996 |
| **Hong Kong \| 0.1%** |  |  |
| ASMPT Ltd. | 39354 | 513291 |
| **Hungary \| 3.0%** |  |  |
| MOL Hungarian Oil & Gas PLC | 543647 | 6465949 |
| OTP Bank Nyrt | 62184 | 6705177 |
|  |  | 13171126 |
| **India \| 6.2%** |  |  |
| Axis Bank Ltd. | 318297 | 4041690 |
| Indus Towers Ltd. (\*) | 1533639 | 6801231 |
| Infosys Ltd. ADR | 350864 | 4740173 |
| State Bank of India | 254455 | 2711815 |
| Tata Consultancy Services Ltd. | 214510 | 5430555 |
| UPL Ltd. | 548932 | 3315185 |
|  |  | 27040649 |
| **Indonesia \| 5.0%** |  |  |
| Alamtri Resources Indonesia Tbk. PT | 3088600 | 468979 |
| Astra International Tbk. PT | 15301804 | 5704873 |
| Bank Mandiri Persero Tbk. PT | 21267260 | 5963555 |
| Telkom Indonesia Persero Tbk. PT ADR | 341969 | 6387981 |
| United Tractors Tbk. PT | 1832900 | 3361199 |
|  |  | 21886587 |
| **Mexico \| 6.3%** |  |  |
| America Movil SAB de CV ADR | 285757 | 7281089 |
| Grupo Aeroportuario del Pacifico SAB de CV ADR | 24146 | 5960923 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** |
| Grupo Financiero Banorte SAB de CV, Class O | 665765 | $7383851 |
| Kimberly-Clark de Mexico SAB de CV, Class A | 1650389 | 3907047 |
| Ternium SA ADR | 81062 | 3254639 |
|  |  | 27787549 |
| **Peru \| 0.8%** |  |  |
| Credicorp Ltd. | 10334 | 3505086 |
| **Philippines \| 1.1%** |  |  |
| International Container Terminal Services, Inc. | 400210 | 4589609 |
| **Poland \| 0.8%** |  |  |
| InPost SA (\*) | 194632 | 3416823 |
| **Russia \| 0.0%** |  |  |
| Mobile TeleSystems PJSC ADR (\*), (¢) | 545705 | 1 |
| Sberbank of Russia PJSC (\*), (¢) | 1580119 | 1 |
|  |  | 2 |
| **South Africa \| 7.4%** |  |  |
| Bidvest Group Ltd. | 468249 | 6319054 |
| Kumba Iron Ore Ltd. | 111834 | 2137632 |
| Life Healthcare Group Holdings Ltd. | 3609700 | 2468905 |
| Nedbank Group Ltd. | 399428 | 6318593 |
| Sanlam Ltd. | 893961 | 4710016 |
| Standard Bank Group Ltd. | 299278 | 5424798 |
| Vodacom Group Ltd. | 613784 | 5248264 |
|  |  | 32627262 |
| **South Korea \| 11.5%** |  |  |
| Coway Co. Ltd. (\*) | 21521 | 1026007 |
| Hyundai Mobis Co. Ltd. | 15169 | 3901024 |
| KB Financial Group, Inc. | 79216 | 7411064 |
| Kia Corp. | 59597 | 5736362 |
| KT Corp. | 119081 | 4790886 |
| KT&G Corp. | 57392 | 6002941 |
| Shinhan Financial Group Co. Ltd. | 134901 | 7778957 |
| SK Hynix, Inc. | 25634 | 13942144 |
|  |  | 50589385 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Taiwan \| 13.8%** |  |  |
| ASE Technology Holding Co. Ltd. | 600000 | $6581932 |
| Globalwafers Co. Ltd. | 294000 | 3963458 |
| MediaTek, Inc. | 154000 | 7456847 |
| Novatek Microelectronics Corp. | 393000 | 4726477 |
| Quanta Computer, Inc. | 772000 | 6821885 |
| Realtek Semiconductor Corp. | 121000 | 1838114 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 389989 | 21985800 |
| Wiwynn Corp. | 68000 | 7173676 |
|  |  | 60548189 |
| **Thailand \| 1.3%** |  |  |
| Kasikornbank PCL | 640569 | 3709784 |
| PTT Exploration & Production PCL | 442700 | 2174573 |
|  |  | 5884357 |
| **Turkey \| 1.0%** |  |  |
| BIM Birlesik Magazalar AS | 291442 | 4539023 |
| **United Kingdom \| 0.7%** |  |  |
| Unilever PLC | 53212 | 2998841 |
| **United States \| 1.1%** |  |  |
| SLB Ltd. | 92558 | 4756556 |
| **Total Common Stocks** <br> (Cost $310,970,856) |  | 434937498 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** |
| **Short-Term Investments \| 0.9%** |  |  |
| Lazard Government Money Market Portfolio, 3.50% (7 day yield) (a) <br> (Cost $4,152,023) | 4152023 | $4152023 |
| **Total Investments \| 99.9%** <br> (Cost $315,122,879) |  | $**439089521** |
| **Cash and Other Assets in Excess of Liabilities \| 0.1%** | **Cash and Other Assets in Excess of Liabilities \| 0.1%** | **399227** |
| **Net Assets \| 100.0%** |  | $**439488748** |

---

---

| | |
|:---|:---|
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2026, these securities amounted to 0.8% of net assets of the Portfolio.* |
| *(¢)* | *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* |
| *(a)* | *Affiliated investment.* |

---

**Affiliated Investment for the period ended March 31, 2026 were as follows:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| Issuer | Value at <br> December 31,<br> 2025 | Purchase <br> cost | Sales <br> proceeds | Realized <br> gain (loss) |
| Lazard Government Money Market Portfolio | $19021474 | $32339219 | $(47208670) | $— |
| Issuer | Change in <br> unrealized <br> appreciation <br> (depreciation) | Dividend <br> Income | Shares at <br> March 31, 2026 | Value at <br> March 31, 2026 |
| Lazard Government Money Market Portfolio | $— | $168912 | 4152023 | $4152023 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** |
| **Common Stocks \| 63.0%** |  |  |
| **Australia \| 0.8%** |  |  |
| Beach Energy Ltd. | 15056 | $13316 |
| Brambles Ltd. | 1761 | 27517 |
| Catalyst Metals Ltd. (\*) | 2657 | 12037 |
| Computershare Ltd. | 189 | 3733 |
| Evolution Mining Ltd. | 1293 | 11718 |
| Fortescue Ltd. | 1586 | 22404 |
| Perseus Mining Ltd. | 4487 | 16600 |
| Qantas Airways Ltd. | 3858 | 22659 |
| Regis Resources Ltd. | 3430 | 16419 |
|  |  | 146403 |
| **Belgium \| 0.0%** |  |  |
| UCB SA | 10 | 3012 |
| **Bermuda \| 0.1%** |  |  |
| Bank of NT Butterfield & Son Ltd. | 80 | 4198 |
| Hamilton Insurance Group Ltd., Class B | 143 | 4266 |
| RenaissanceRe Holdings Ltd. | 34 | 10106 |
|  |  | 18570 |
| **Canada \| 2.3%** |  |  |
| Agnico Eagle Mines Ltd. | 266 | 53994 |
| Aritzia, Inc. (\*) | 23 | 1877 |
| Barrick Mining Corp. | 1637 | 66899 |
| CCL Industries, Inc., Class B | 51 | 3195 |
| Dollarama, Inc. | 59 | 7241 |
| Fairfax Financial Holdings Ltd. | 2 | 3408 |
| George Weston Ltd. | 92 | 6500 |
| Hydro One Ltd. (#) | 587 | 24242 |
| Intact Financial Corp. | 15 | 2718 |
| K92 Mining, Inc. (\*) | 156 | 2648 |
| Kinross Gold Corp. | 1072 | 32774 |
| Loblaw Cos. Ltd. | 960 | 43766 |
| Magna International, Inc. | 457 | 25522 |
| Manulife Financial Corp. | 340 | 11712 |
| Quebecor, Inc., Class B | 211 | 8960 |
| Shopify, Inc., Class A (\*) | 156 | 18510 |
| Suncor Energy, Inc. | 893 | 59065 |
| Torex Gold Resources, Inc. | 336 | 15422 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Vermilion Energy, Inc. | 1035 | $14263 |
|  |  | 402716 |
| **China \| 0.4%** |  |  |
| BOC Hong Kong Holdings Ltd. | 10500 | 57856 |
| Yangzijiang Shipbuilding Holdings Ltd. | 5700 | 16937 |
|  |  | 74793 |
| **Denmark \| 0.1%** |  |  |
| Vestas Wind Systems AS | 842 | 25210 |
| **France \| 2.6%** |  |  |
| BNP Paribas SA | 1209 | 115171 |
| Gaztransport Et Technigaz SA | 380 | 88559 |
| Orange SA | 612 | 12505 |
| Societe Generale SA | 654 | 47752 |
| Technip Energies NV | 405 | 17022 |
| TotalEnergies SE | 1119 | 103321 |
| Vinci SA | 542 | 81174 |
|  |  | 465504 |
| **Germany \| 0.4%** |  |  |
| Deutsche Bank AG | 560 | 16387 |
| Friedrich Vorwerk Group SE | 120 | 9760 |
| GEA Group AG | 45 | 3180 |
| Siemens Energy AG | 113 | 18597 |
| TUI AG | 2462 | 18672 |
|  |  | 66596 |
| **Hong Kong \| 0.7%** |  |  |
| CLP Holdings Ltd. | 3500 | 32954 |
| Prudential PLC | 2454 | 34222 |
| Sun Hung Kai Properties Ltd. | 3000 | 50847 |
| WH Group Ltd. (#) | 11000 | 14494 |
|  |  | 132517 |
| **Ireland \| 0.1%** |  |  |
| AIB Group PLC | 1362 | 14486 |
| **Israel \| 0.3%** |  |  |
| Bank Leumi Le-Israel BM | 1038 | 23132 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| El Al Israel Airlines | 3592 | $15691 |
| Israel Discount Bank Ltd., Class A | 2035 | 20404 |
|  |  | 59227 |
| **Italy \| 0.5%** |  |  |
| Intesa Sanpaolo SpA | 2004 | 11955 |
| Leonardo SpA | 441 | 29621 |
| Telecom Italia SpA (\*) | 16394 | 11483 |
| UniCredit SpA | 466 | 33578 |
|  |  | 86637 |
| **Japan \| 3.5%** |  |  |
| Advantest Corp. | 100 | 13530 |
| Alps Alpine Co. Ltd. | 1000 | 13530 |
| Bandai Namco Holdings, Inc. | 700 | 17290 |
| Canon, Inc. | 1200 | 33420 |
| Chugai Pharmaceutical Co. Ltd. | 300 | 16598 |
| Chugoku Electric Power Co., Inc. | 1900 | 12053 |
| Daiwa House Industry Co. Ltd. | 400 | 12504 |
| Denso Corp. | 900 | 11174 |
| Hachijuni Nagano Bank Ltd. | 300 | 3768 |
| Hitachi Ltd. | 700 | 20458 |
| Japan Airlines Co. Ltd. | 4400 | 71588 |
| Japan Post Holdings Co. Ltd. | 5600 | 64247 |
| Kao Corp. | 200 | 7815 |
| Kirin Holdings Co. Ltd. | 300 | 4773 |
| Kyoto Financial Group, Inc. | 200 | 5216 |
| Leopalace21 Corp. | 3000 | 12204 |
| Mabuchi Motor Co. Ltd. | 500 | 5019 |
| Mitsubishi Electric Corp. | 700 | 22860 |
| Mitsui Fudosan Co. Ltd. | 3500 | 37046 |
| Mizuho Financial Group, Inc. | 300 | 11974 |
| MS&AD Insurance Group Holdings, Inc. | 400 | 10468 |
| NGK Insulators Ltd. | 400 | 10372 |
| Nitto Denko Corp. | 100 | 2001 |
| NTT, Inc. | 37900 | 37628 |
| Ono Pharmaceutical Co. Ltd. | 200 | 3196 |
| Sanki Engineering Co. Ltd. | 500 | 21668 |
| Sankyo Co. Ltd. | 200 | 2464 |
| SHO-BOND Holdings Co. Ltd. | 400 | 3567 |
| SoftBank Corp. | 11800 | 15748 |
| Sony Group Corp. | 1700 | 35065 |
| SUMCO Corp. | 1300 | 14182 |
| Sumitomo Mitsui Financial Group, Inc. | 800 | 26371 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Sumitomo Mitsui Trust Group, Inc. | 600 | $19094 |
| Tokyo Electron Ltd. | 100 | 24455 |
| Toyoda Gosei Co. Ltd. | 100 | 2603 |
|  |  | 625949 |
| **Netherlands \| 1.2%** |  |  |
| ASM International NV | 36 | 27422 |
| ASML Holding NV | 83 | 109629 |
| EXOR NV | 376 | 28817 |
| Koninklijke Ahold Delhaize NV | 631 | 29458 |
| NXP Semiconductors NV | 80 | 15749 |
| Wolters Kluwer NV | 146 | 10922 |
|  |  | 221997 |
| **Norway \| 0.0%** |  |  |
| Orkla ASA | 268 | 3371 |
| **Portugal \| 0.1%** |  |  |
| Banco Comercial Portugues SA, Class R | 12953 | 12698 |
| Jeronimo Martins SGPS SA | 121 | 2875 |
|  |  | 15573 |
| **Singapore \| 0.3%** |  |  |
| Jardine Cycle & Carriage Ltd. | 100 | 2702 |
| Singapore Exchange Ltd. | 400 | 6137 |
| Singapore Technologies Engineering Ltd. | 600 | 5114 |
| UOL Group Ltd. | 5500 | 41894 |
|  |  | 55847 |
| **Spain \| 0.4%** |  |  |
| Banco Bilbao Vizcaya Argentaria SA | 495 | 10804 |
| Banco Santander SA | 4457 | 50432 |
|  |  | 61236 |
| **Sweden \| 0.2%** |  |  |
| Betsson AB, Class B | 316 | 3386 |
| Boliden AB (\*) | 183 | 9714 |
| Telefonaktiebolaget LM Ericsson ADR | 2056 | 23171 |
| Telefonaktiebolaget LM Ericsson, Class B | 323 | 3659 |
|  |  | 39930 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Switzerland \| 0.4%** |  |  |
| ABB Ltd. | 209 | $16999 |
| Partners Group Holding AG | 3 | 3223 |
| TE Connectivity PLC | 225 | 47029 |
|  |  | 67251 |
| **United Kingdom \| 2.6%** |  |  |
| AstraZeneca PLC | 473 | 92385 |
| Barclays PLC | 9087 | 47884 |
| Chemring Group PLC | 1593 | 10789 |
| HSBC Holdings PLC | 1608 | 26312 |
| Imperial Brands PLC | 1656 | 67398 |
| International Consolidated Airlines Group SA, Class DI | 5554 | 26544 |
| Legal & General Group PLC | 11649 | 38394 |
| NatWest Group PLC | 4671 | 34659 |
| RELX PLC | 311 | 10253 |
| Rolls-Royce Holdings PLC | 2579 | 39384 |
| Sage Group PLC | 336 | 3753 |
| Standard Chartered PLC | 1375 | 28556 |
| TechnipFMC PLC | 527 | 36432 |
|  |  | 462743 |
| **United States \| 46.0%** |  |  |
| 3M Co. | 235 | 34129 |
| AbbVie, Inc. | 56 | 12179 |
| Accenture PLC, Class A | 116 | 23002 |
| AdaptHealth Corp. (\*) | 1280 | 15232 |
| Adobe, Inc. (\*) | 180 | 43754 |
| Advanced Micro Devices, Inc. (\*) | 113 | 22988 |
| AECOM | 577 | 48941 |
| Aegon Ltd. | 1626 | 11855 |
| Airbnb, Inc., Class A (\*) | 190 | 23993 |
| Allison Transmission Holdings, Inc. | 145 | 16974 |
| Allstate Corp. | 552 | 114452 |
| Alphabet, Inc., Class C | 1526 | 437748 |
| Altria Group, Inc. | 833 | 54970 |
| Amazon.com, Inc. (\*) | 1662 | 346145 |
| Ameren Corp. | 824 | 90574 |
| American Eagle Outfitters, Inc. | 948 | 15832 |
| American Electric Power Co., Inc. | 531 | 69603 |
| American Express Co. | 65 | 19661 |
| American International Group, Inc. | 217 | 16329 |
| Ameriprise Financial, Inc. | 149 | 66216 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| AMETEK, Inc. | 192 | $41157 |
| Amgen, Inc. | 23 | 8093 |
| Amphenol Corp., Class A | 219 | 27671 |
| Analog Devices, Inc. | 149 | 47403 |
| Antero Resources Corp. (\*) | 481 | 20414 |
| APA Corp. | 354 | 15024 |
| Apple, Inc. | 1966 | 498951 |
| Applied Materials, Inc. | 149 | 50927 |
| Arch Capital Group Ltd. (\*) | 34 | 3264 |
| Arista Networks, Inc. (\*) | 246 | 30204 |
| Assurant, Inc. | 13 | 2832 |
| AT&T, Inc. | 114 | 3305 |
| Atmos Energy Corp. | 20 | 3694 |
| Autodesk, Inc. (\*) | 217 | 51950 |
| Automatic Data Processing, Inc. | 55 | 11175 |
| Axis Capital Holdings Ltd. | 37 | 3752 |
| Bank of America Corp. | 1595 | 77756 |
| Bank of New York Mellon Corp. | 96 | 11388 |
| Biogen, Inc. (\*) | 14 | 2567 |
| BioMarin Pharmaceutical, Inc. (\*) | 79 | 4463 |
| BJ's Wholesale Club Holdings, Inc. (\*) | 107 | 10531 |
| Blue Bird Corp. (\*) | 225 | 12778 |
| Booking Holdings, Inc. | 11 | 46314 |
| Booz Allen Hamilton Holding Corp. | 43 | 3355 |
| Boston Scientific Corp. (\*) | 101 | 6338 |
| Bristol-Myers Squibb Co. | 1252 | 75934 |
| Broadcom, Inc. | 591 | 182920 |
| Buckle, Inc. | 266 | 13396 |
| Cadence Design Systems, Inc. (\*) | 11 | 3057 |
| Cardinal Health, Inc. | 243 | 51348 |
| Cargurus, Inc. (\*) | 395 | 13450 |
| Carnival PLC ADR | 489 | 12602 |
| Caterpillar, Inc. | 31 | 21962 |
| Cboe Global Markets, Inc. | 28 | 7870 |
| Centene Corp. (\*) | 93 | 3045 |
| Charles Schwab Corp. | 56 | 5263 |
| Chubb Ltd. | 87 | 28356 |
| Cigna Group | 28 | 7469 |
| Cirrus Logic, Inc. (\*) | 126 | 18222 |
| Cisco Systems, Inc. | 71 | 5509 |
| Citigroup, Inc. | 46 | 5217 |
| CME Group, Inc. | 23 | 6793 |
| Cognizant Technology Solutions Corp., Class A | 175 | 10736 |
| Colgate-Palmolive Co. | 345 | 29404 |
| Comcast Corp., Class A | 432 | 12403 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Comfort Systems USA, Inc. | 43 | $59297 |
| Consolidated Edison, Inc. | 186 | 21051 |
| Corteva, Inc. | 288 | 24108 |
| Costco Wholesale Corp. | 101 | 100639 |
| Coterra Energy, Inc. | 115 | 4041 |
| CRH PLC | 249 | 26175 |
| Cummins, Inc. | 66 | 35509 |
| Curtiss-Wright Corp. | 51 | 34737 |
| Darden Restaurants, Inc. | 24 | 4705 |
| Dell Technologies, Inc., Class C | 100 | 16413 |
| Devon Energy Corp. | 342 | 17209 |
| Dollar General Corp. | 25 | 2968 |
| eBay, Inc. | 126 | 11469 |
| Eli Lilly & Co. | 130 | 119570 |
| EMCOR Group, Inc. | 34 | 25103 |
| Entergy Corp. | 256 | 28764 |
| EQT Corp. | 80 | 5091 |
| Equitable Holdings, Inc. | 695 | 25791 |
| Everest Group Ltd. | 53 | 17323 |
| Eversource Energy | 337 | 23347 |
| Exelixis, Inc. (\*) | 72 | 3088 |
| Exelon Corp. | 605 | 29657 |
| FirstEnergy Corp. | 70 | 3546 |
| Fiserv, Inc. (\*) | 335 | 18693 |
| Flex Ltd. (\*) | 261 | 17085 |
| Fox Corp., Class A | 830 | 48472 |
| Freeport-McMoRan, Inc. | 306 | 17987 |
| Garmin Ltd. | 69 | 16009 |
| GE Vernova, Inc. | 36 | 31424 |
| General Dynamics Corp. | 209 | 71733 |
| General Electric Co. | 142 | 40295 |
| General Motors Co. | 431 | 32110 |
| Genpact Ltd. | 213 | 7934 |
| Gilead Sciences, Inc. | 104 | 14494 |
| Global Payments, Inc. | 714 | 48052 |
| Goldman Sachs Group, Inc. | 53 | 44837 |
| GSK PLC | 4213 | 115541 |
| Halliburton Co. | 390 | 15206 |
| Hartford Insurance Group, Inc. | 434 | 58690 |
| HCA Healthcare, Inc. | 159 | 75245 |
| Hess Midstream LP, Class A | 811 | 31524 |
| Horace Mann Educators Corp. | 75 | 3201 |
| HP, Inc. | 1681 | 32292 |
| Huron Consulting Group, Inc. (\*) | 18 | 2295 |
| Intel Corp. (\*) | 540 | 23830 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Intuit, Inc. | 8 | $3459 |
| Johnson & Johnson | 655 | 160108 |
| JPMorgan Chase & Co. | 73 | 21474 |
| KBR, Inc. | 86 | 3170 |
| Kimberly-Clark Corp. | 80 | 7718 |
| KLA Corp. | 36 | 53007 |
| Lam Research Corp. | 393 | 83968 |
| Lockheed Martin Corp. | 245 | 148076 |
| Maplebear, Inc. (\*) | 293 | 10976 |
| Marvell Technology, Inc. | 204 | 20206 |
| Mastercard, Inc., Class A | 137 | 68453 |
| McKesson Corp. | 38 | 32884 |
| Merck & Co., Inc. | 472 | 56777 |
| Meta Platforms, Inc., Class A | 272 | 155619 |
| MetLife, Inc. | 473 | 33451 |
| Micron Technology, Inc. | 184 | 62163 |
| Microsoft Corp. | 906 | 335374 |
| Monster Beverage Corp. (\*) | 225 | 16304 |
| Morgan Stanley | 67 | 11026 |
| Motorola Solutions, Inc. | 52 | 22566 |
| MSCI, Inc. | 21 | 11319 |
| Mueller Industries, Inc. | 109 | 12077 |
| Murphy USA, Inc. | 12 | 5928 |
| MYR Group, Inc. (\*) | 48 | 13551 |
| Nasdaq, Inc. | 352 | 29881 |
| NetApp, Inc. | 223 | 22833 |
| Netflix, Inc. (\*) | 568 | 54613 |
| NetScout Systems, Inc. (\*) | 574 | 18247 |
| Neurocrine Biosciences, Inc. (\*) | 39 | 5138 |
| NewMarket Corp. | 7 | 4487 |
| Northrop Grumman Corp. | 37 | 25243 |
| Novartis AG | 1002 | 152133 |
| NVIDIA Corp. | 3178 | 554243 |
| Omega Healthcare Investors, Inc. | 82 | 3593 |
| Oracle Corp. | 77 | 11327 |
| Oshkosh Corp. | 263 | 38716 |
| Palantir Technologies, Inc., Class A (\*) | 130 | 19016 |
| PayPal Holdings, Inc. | 229 | 10358 |
| PepsiCo, Inc. | 804 | 124853 |
| Philip Morris International, Inc. | 426 | 70435 |
| Pinnacle Financial Partners, Inc. | 147 | 12663 |
| Pinterest, Inc., Class A (\*) | 872 | 15992 |
| Plexus Corp. (\*) | 17 | 3443 |
| Portland General Electric Co. | 999 | 52717 |
| Primoris Services Corp. | 93 | 13303 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Procter & Gamble Co. | 124 | $17911 |
| QUALCOMM, Inc. | 387 | 49838 |
| Qualys, Inc. (\*) | 38 | 3338 |
| Quest Diagnostics, Inc. | 45 | 8819 |
| QuinStreet, Inc. (\*) | 1118 | 13427 |
| Reddit, Inc., Class A (\*) | 116 | 15619 |
| Regeneron Pharmaceuticals, Inc. | 7 | 5408 |
| Reinsurance Group of America, Inc. | 134 | 27357 |
| RingCentral, Inc., Class A | 319 | 11864 |
| Roche Holding AG | 215 | 84896 |
| Ross Stores, Inc. | 260 | 56324 |
| Royal Caribbean Cruises Ltd. | 51 | 14034 |
| RTX Corp. | 293 | 56520 |
| S&P Global, Inc. | 25 | 10634 |
| Salesforce, Inc. | 177 | 33041 |
| Sally Beauty Holdings, Inc. (\*) | 219 | 3033 |
| Sanofi SA | 46 | 4437 |
| SBA Communications Corp. REIT | 29 | 4991 |
| Selective Insurance Group, Inc. | 42 | 3166 |
| Seneca Foods Corp., Class A (\*) | 32 | 4836 |
| ServiceNow, Inc. (\*) | 40 | 4182 |
| Shell PLC | 506 | 23629 |
| Simon Property Group, Inc. REIT | 221 | 41223 |
| Skyworks Solutions, Inc. | 242 | 12959 |
| SLB Ltd. | 468 | 24051 |
| Slide Insurance Holdings, Inc. | 691 | 12438 |
| Targa Resources Corp. | 57 | 14292 |
| Target Corp. | 272 | 32966 |
| Tenet Healthcare Corp. (\*) | 92 | 17361 |
| Teradata Corp. (\*) | 658 | 16865 |
| Tesla, Inc. (\*) | 245 | 91079 |
| TJX Cos., Inc. | 893 | 142612 |
| Toro Co. | 45 | 4205 |
| Tradeweb Markets, Inc., Class A | 31 | 3647 |
| Truist Financial Corp. | 211 | 9700 |
| U.S. Bancorp | 451 | 23457 |
| Uber Technologies, Inc. (\*) | 208 | 14961 |
| Universal Health Services, Inc., Class B | 219 | 39194 |
| Unum Group | 167 | 12196 |
| Urban Outfitters, Inc. (\*) | 246 | 15584 |
| Vertex Pharmaceuticals, Inc. (\*) | 15 | 6698 |
| Viking Holdings Ltd. (\*) | 45 | 3307 |
| Visa, Inc., A Shares | 249 | 75258 |
| Walmart, Inc. | 410 | 50955 |
| Walt Disney Co. | 414 | 39901 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Watts Water Technologies, Inc., Class A | 90 | $26126 |
| Wells Fargo & Co. | 146 | 11623 |
| Westinghouse Air Brake Technologies Corp. | 49 | 12246 |
| Workday, Inc., Class A (\*) | 22 | 2858 |
| Xcel Energy, Inc. | 42 | 3337 |
| Zoetis, Inc. | 254 | 30025 |
|  |  | 8242705 |
| **Total Common Stocks**<br> (Cost $7,585,591) |  | 11292273 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Corporate Bonds \| 6.7%** |  |  |  |
| **Canada \| 0.2%** |  |  |  |
| Canadian Imperial Bank of Commerce,<br> 3.800% (1 day CAD Overnight<br> Index+1.100%), 12/10/30 (§) | CAD | 35 | $25208 |
| **Denmark \| 0.2%** |  |  |  |
| Nykredit Realkredit AS,<br> Series 13H, 1.000%, 01/01/27 | DKK | 155 | 23736 |
| **Germany \| 0.2%** |  |  |  |
| Mercedes-Benz Group AG,<br> 0.750%, 09/10/30 (\*\*) | EUR | 40 | 41344 |
| **Singapore \| 0.8%** |  |  |  |
| Temasek Financial I Ltd.,<br> 2.750%, 08/28/34 (\*\*) | CNY | 1000 | 149098 |
| **Sweden \| 0.1%** |  |  |  |
| Swedbank Hypotek AB,<br> Series 199, 3.000%, 03/28/29 (\*\*) | SEK | 200 | 21151 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **United States \| 5.2%** |  |  |  |
| ABB Finance USA, Inc.,<br> 4.375%, 05/08/42 | USD | 15 | $13083 |
| Adobe, Inc.: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.300%, 02/01/30 | USD | 25 | 23111 |
| &nbsp;&nbsp;&nbsp;4.950%, 04/04/34 | USD | 13 | 13018 |
| American Express Co.,<br> 5.442% (SOFR+1.320%), 01/30/36 (§) | USD | 50 | 50898 |
| Amgen, Inc.,<br> 3.000%, 02/22/29 | USD | 45 | 43420 |
| Apple, Inc.,<br> 1.650%, 02/08/31 | USD | 20 | 17849 |
| AT&T, Inc.,<br> 5.550%, 11/01/45 | USD | 55 | 52069 |
| Bank of America Corp.,<br> 1.978% (CDOR 3 Month+0.600%), 09/15/27 (§) | CAD | 15 | 10734 |
| Comcast Corp.,<br> 4.650%, 02/15/33 | USD | 45 | 44553 |
| Dell International LLC/EMC Corp.,<br> 5.300%, 10/01/29 | USD | 12 | 12246 |
| Eaton Corp.,<br> 4.150%, 11/02/42 | USD | 30 | 25737 |
| Goldman Sachs Group, Inc.,<br> 0.750%, 03/23/32 (\*\*) | EUR | 45 | 43729 |
| Home Depot, Inc.,<br> 5.875%, 12/16/36 | USD | 25 | 26614 |
| John Deere Financial, Inc.,<br> 4.380%, 07/11/28 | CAD | 60 | 44062 |
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA,<br> 1.750%, 09/15/30 | USD | 40 | 35503 |
| JPMorgan Chase & Co.,<br> 3.540% (SOFR+1.642%), 05/01/28 (§) | USD | 25 | 24768 |
| Kimberly-Clark Corp.,<br> 3.200%, 04/25/29 | USD | 3 | 2913 |
| Lowe's Cos., Inc.,<br> 4.850%, 10/15/35 | USD | 30 | 29215 |
| McDonald's Corp.,<br> 4.857%, 05/21/31 | CAD | 30 | 22500 |
| Microsoft Corp.,<br> 3.500%, 11/15/42 | USD | 65 | 52524 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| Morgan Stanley,<br> 3.625%, 01/20/27 | USD | 10 | $9958 |
| Oracle Corp.,<br> 5.250%, 02/03/32 | USD | 30 | 29465 |
| PepsiCo, Inc.,<br> 2.875%, 10/15/49 | USD | 20 | 12896 |
| Procter & Gamble Co.,<br> 4.550%, 01/29/34 | USD | 8 | 8016 |
| Prologis Euro Finance LLC,<br> 0.500%, 02/16/32 | EUR | 100 | 95426 |
| Starbucks Corp.,<br> 4.450%, 08/15/49 | USD | 60 | 48902 |
| Stryker Corp.,<br> 4.250%, 09/11/29 | USD | 25 | 24907 |
| Sysco Corp.,<br> 2.400%, 02/15/30 | USD | 30 | 27482 |
| Toyota Motor Credit Corp.,<br> 4.650%, 09/03/32 | USD | 30 | 29777 |
| United Rentals North America, Inc.,<br> 4.875%, 01/15/28 | USD | 25 | 24891 |
| Verizon Communications, Inc.,<br> 4.750%, 01/15/33 | USD | 25 | 24691 |
| Waste Management, Inc.,<br> 4.800%, 03/15/32 | USD | 12 | 12200 |
|  |  |  | 937157 |
| **Total Corporate Bonds**<br> (Cost $1,165,043) |  |  | 1197694 |
| **Foreign Government Obligations \| 12.5%** |  |  |  |
| **Australia \| 0.6%** |  |  |  |
| Australia Government Bonds,<br> 4.750%, 04/21/27 (\*\*) | AUD | 30 | 20723 |
| New South Wales Treasury Corp.,<br> 1.250%, 11/20/30 | AUD | 45 | 26259 |
| Queensland Treasury Corp.: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.250%, 03/10/31 (\*\*) | AUD | 50 | 28790 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/02/34 (\*\*) | AUD | 15 | 9946 |
| Western Australian Treasury Corp.,<br> 4.250%, 07/20/33 | AUD | 35 | 22714 |
|  |  |  | 108432 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Bermuda \| 1.0%** |  |  |  |
| Bermuda Government International Bonds,<br> 2.375%, 08/20/30 (#) | USD | 200 | $180812 |
| **Canada \| 0.8%** |  |  |  |
| British Columbia,<br> 3.200%, 06/18/44 | CAD | 70 | 41330 |
| Quebec: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.850%, 02/13/27 | CAD | 30 | 21431 |
| &nbsp;&nbsp;&nbsp;3.900%, 11/22/32 | CAD | 35 | 25685 |
| Toronto,<br> 3.500%, 06/02/36 | CAD | 50 | 34167 |
| Vancouver,<br> 3.750%, 11/28/35 | CAD | 30 | 21163 |
|  |  |  | 143776 |
| **Chile \| 0.8%** |  |  |  |
| Bonos de la Tesoreria de la Republica en pesos,<br> 5.000%, 10/01/28 (\*\*) | CLP | 45000 | 47026 |
| Chile Government International Bonds,<br> 0.830%, 07/02/31 | EUR | 100 | 99360 |
|  |  |  | 146386 |
| **Colombia \| 0.0%** |  |  |  |
| Colombia TES,<br> 7.000%, 03/26/31 | COP | 22000 | 4589 |
| **Croatia \| 0.5%** |  |  |  |
| Croatia Government International Bonds,<br> 1.750%, 03/04/41 (\*\*) | EUR | 100 | 86476 |
| **Czech Republic \| 0.5%** |  |  |  |
| Czech Republic Government Bonds:<br> 3.480% (PRIBOR 6 Month-0.100%), 11/19/27 (\*\*), (§) | CZK | 730 | 34281 |
| &nbsp;&nbsp;&nbsp;5.000%, 09/30/30 | CZK | 530 | 25516 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| &nbsp;&nbsp;&nbsp;4.500%, 11/11/32 | CZK | 520 | $24230 |
|  |  |  | 84027 |
| **Denmark \| 0.1%** |  |  |  |
| Denmark Government Bonds,<br> Zero Coupon, 11/15/31 | DKK | 120 | 16082 |
| **France \| 0.3%** |  |  |  |
| French Republic Government Bonds OAT,<br> 1.750%, 06/25/39 (\*\*) | EUR | 50 | 44638 |
| **Germany \| 0.1%** |  |  |  |
| State of Rhineland-Palatinate,<br> 2.750%, 10/10/35 | EUR | 20 | 22097 |
| **Hungary \| 0.5%** |  |  |  |
| Hungary Government Bonds,<br> 3.250%, 10/22/31 | HUF | 21590 | 53529 |
| Hungary Government International Bonds,<br> 1.750%, 06/05/35 (\*\*) | EUR | 31 | 28222 |
|  |  |  | 81751 |
| **Ireland \| 0.3%** |  |  |  |
| Ireland Government Bonds,<br> 1.350%, 03/18/31 (\*\*) | EUR | 45 | 48583 |
| **Israel \| 0.3%** |  |  |  |
| Israel Government Bonds - Fixed,<br> 2.000%, 03/31/27 | ILS | 195 | 60854 |
| **Italy \| 0.6%** |  |  |  |
| Italy Buoni Poliennali Del Tesoro: |  |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, 04/30/35 (\*\*) | EUR | 45 | 52935 |
| &nbsp;&nbsp;&nbsp;3.650%, 08/01/35 (\*\*) | EUR | 45 | 51296 |
|  |  |  | 104231 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Japan \| 1.0%** |  |  |  |
| Japan Government Forty Year Bonds,<br> 1.400%, 03/20/55 | JPY | 22950 | $86546 |
| Japan Government Twenty Year Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.500%, 12/20/40 | JPY | 5200 | 23415 |
| &nbsp;&nbsp;&nbsp;2.000%, 12/20/44 | JPY | 7200 | 37718 |
| Japan Government Two Year Bonds,<br> 1.000%, 10/01/27 | JPY | 3900 | 24481 |
|  |  |  | 172160 |
| **Mexico \| 0.9%** |  |  |  |
| Mexico Bonos: |  |  |  |
| &nbsp;&nbsp;&nbsp;8.500%, 05/31/29 | MXN | 1480 | 82400 |
| &nbsp;&nbsp;&nbsp;8.000%, 02/21/36 | MXN | 550 | 28069 |
| Mexico Government International Bonds,<br> 6.750%, 09/27/34 | USD | 50 | 53075 |
|  |  |  | 163544 |
| **New Zealand \| 0.5%** |  |  |  |
| Housing New Zealand Ltd.,<br> 3.420%, 10/18/28 (\*\*) | NZD | 50 | 28316 |
| New Zealand Local Government Funding Agency Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.500%, 04/20/29 (\*\*) | NZD | 65 | 34558 |
| &nbsp;&nbsp;&nbsp;2.000%, 04/15/37 (\*\*) | NZD | 70 | 29274 |
|  |  |  | 92148 |
| **Norway \| 0.2%** |  |  |  |
| Norway Government Bonds,<br> 3.750%, 06/12/35 (\*\*) | NOK | 310 | 30591 |
| **Panama \| 0.3%** |  |  |  |
| Panama Government International Bonds,<br> 8.875%, 09/30/27 | USD | 50 | 53000 |
| **Peru \| 0.6%** |  |  |  |
| Peru Government Bonds,<br> 5.400%, 08/12/34 | PEN | 280 | 76236 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| Peruvian Government International Bonds,<br> 3.000%, 01/15/34 | USD | 45 | $38474 |
|  |  |  | 114710 |
| **Poland \| 0.3%** |  |  |  |
| Poland Government Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;4.160% (WIBOR 6 Month), 05/25/28 (§) | PLN | 140 | 37487 |
| &nbsp;&nbsp;&nbsp;5.000%, 10/25/34 | PLN | 85 | 21788 |
|  |  |  | 59275 |
| **Portugal \| 0.3%** |  |  |  |
| Portugal Obrigacoes do Tesouro OT,<br> 1.650%, 07/16/32 (\*\*) | EUR | 50 | 53266 |
| **Romania \| 0.4%** |  |  |  |
| Romania Government Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.200%, 10/28/26 | RON | 230 | 52332 |
| &nbsp;&nbsp;&nbsp;4.750%, 10/11/34 | RON | 140 | 26877 |
|  |  |  | 79209 |
| **Singapore \| 0.0%** |  |  |  |
| Singapore Government Bonds,<br> 3.375%, 09/01/33 | SGD | 5 | 4205 |
| **Slovenia \| 0.2%** |  |  |  |
| Slovenia Government Bonds,<br> 1.500%, 03/25/35 (\*\*) | EUR | 30 | 29649 |
| **South Korea \| 0.1%** |  |  |  |
| Korea Treasury Bonds,<br> 2.375%, 12/10/31 | KRW | 36310 | 22148 |
| **Spain \| 0.3%** |  |  |  |
| Spain Government Bonds,<br> 1.000%, 07/30/42 (\*\*) | EUR | 65 | 49086 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Thailand \| 0.1%** |  |  |  |
| Thailand Government Bonds,<br> 1.585%, 12/17/35 | THB | 880 | $25121 |
| **United Kingdom \| 0.9%** |  |  |  |
| U.K. Gilts: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.875%, 07/31/33 (\*\*) | GBP | 70 | 70939 |
| &nbsp;&nbsp;&nbsp;4.500%, 03/07/35 (\*\*) | GBP | 35 | 45120 |
| &nbsp;&nbsp;&nbsp;1.250%, 10/22/41 (\*\*) | GBP | 60 | 45730 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/31/54 (\*\*) | GBP | 5 | 5511 |
|  |  |  | 167300 |
| **Total Foreign Government Obligations**<br> (Cost $2,166,571) | **Total Foreign Government Obligations**<br> (Cost $2,166,571) |  | 2248146 |
| **Quasi Government Bonds \| 0.5%** |  |  |  |
| **Germany \| 0.5%** |  |  |  |
| Kreditanstalt fuer Wiederaufbau: |  |  |  |
| &nbsp;&nbsp;&nbsp;Zero Coupon, 09/15/28 (\*\*) | EUR | 30 | 32418 |
| &nbsp;&nbsp;&nbsp;1.750%, 09/14/29 | USD | 25 | 23314 |
| &nbsp;&nbsp;&nbsp;Zero Coupon, 04/18/36 | USD | 45 | 28999 |
| **Total Quasi Government Bonds**<br> (Cost $80,112) |  |  | 84731 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Rights \| 0.0%** |  |  |
| **Italy \| 0.0%** |  |  |
| Telecom Italia SpA, CVR, Expires 2026i (\*), (¢)<br> (Cost $0) | 17644 | $0 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Supranational Bonds \| 2.4%** |  |  |  |
| Asian Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;6.200%, 10/06/26 | INR | 2690 | $27899 |
| &nbsp;&nbsp;&nbsp;2.950%, 06/05/29 | EUR | 20 | 23186 |
| European Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;Zero Coupon, 05/28/27 | TRY | 1080 | 15644 |
| &nbsp;&nbsp;&nbsp;28.000%, 09/27/27 | TRY | 1240 | 23343 |
| &nbsp;&nbsp;&nbsp;4.250%, 02/07/28 | IDR | 690000 | 39548 |
| European Investment Bank,<br> 1.000%, 01/28/28 (\*\*) | CAD | 50 | 34766 |
| European Union: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.750%, 02/04/33 (\*\*) | EUR | 20 | 22557 |
| &nbsp;&nbsp;&nbsp;0.400%, 02/04/37 (\*\*) | EUR | 40 | 33478 |
| Inter-American Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;5.100%, 11/17/26 | IDR | 230000 | 13469 |
| &nbsp;&nbsp;&nbsp;2.500%, 04/14/27 (\*\*) | AUD | 40 | 26961 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/17/34 | USD | 25 | 25178 |
| International Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.125%, 09/13/28 | USD | 28 | 26250 |
| &nbsp;&nbsp;&nbsp;9.500%, 02/09/29 | BRL | 290 | 52408 |
| &nbsp;&nbsp;&nbsp;Zero Coupon, 02/08/38 | BRL | 430 | 22737 |
| International Finance Corp.,<br> 1.500%, 04/15/35 | AUD | 71 | 34928 |
| **Total Supranational Bonds**<br> (Cost $423,536) |  |  | 422352 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **U.S. Municipal Bonds \| 0.5%** |  |  |  |
| **United States \| 0.5%** |  |  |  |
| California: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.550%, 04/01/39 | USD | 40 | $47483 |
| &nbsp;&nbsp;&nbsp;5.875%, 10/01/41 | USD | 50 | 52324 |
| **Total U.S. Municipal Bonds** <br> (Cost $94,726) |  |  | 99807 |
| **U.S. Treasury Securities \| 1.7%** |  |  |  |
| U.S. Treasury Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.750%, 08/15/41 | USD | 116 | 77552 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/15/45 | USD | 25 | 24565 |
| &nbsp;&nbsp;&nbsp;3.625%, 02/15/53 | USD | 102 | 81863 |
| U.S. Treasury Inflation-Indexed Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.125%, 01/15/35 (††) | USD | 21 | 20957 |
| &nbsp;&nbsp;&nbsp;1.875%, 01/15/36 (††) | USD | 20 | 19776 |
| U.S. Treasury Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 11/15/32 | USD | 45 | 45016 |
| &nbsp;&nbsp;&nbsp;4.375%, 05/15/34 | USD | 35 | 35369 |
| **Total U.S. Treasury Securities**<br> (Cost $299,830) |  |  | 305098 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Warrants \| 0.0%** |  |  |
| **Canada \| 0.0%** |  |  |
| Constellation Software, Inc., Expires 03/31/40i (\*), (¢)<br> (Cost $0) | 431 | $0 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Short-Term Investments \| 9.0%** |  |  |
| Lazard Government Money Market Portfolio, 3.50% (7 day yield) (a)<br> (Cost $1,607,965) | 1607965 | $1607965 |
| **Total Investments \| 96.3%**<br> (Cost $13,423,374) (») |  | $**17258066** |
| **Cash and Other Assets in Excess of Liabilities \| 3.7%** | **Cash and Other Assets in Excess of Liabilities \| 3.7%** | **659238** |
| **Net Assets \| 100.0%** |  | $**17917304** |

---

---

| | |
|:---|:---|
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2026, these securities amounted to 1.2% of net assets of the Portfolio.* |
| *(§)* | *Variable and floating rate securities are securities for which interest rate changes are based on changes in a designated base rate. The rates shown are those in effect on March 31, 2026.* |
| *(\*\*)* | *Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. March 31, 2026, these securities amounted to 7.1% of net assets of the Portfolio.* |
| *(¢)* | *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* |
| *(††)* | *A note or bond that offers protection from inflation by paying a fixed rate of interest on the principal amount that is adjusted for inflation, in the applicable region, based on the Consumer Price Index or other equivalent regional benchmarks for measuring inflation.* |
| *(a)* | *Affiliated investment.* |
| *(»)* | *The Portfolio, at all times, maintains portfolio securities in sufficient amount to cover its obligations related to investments in forward currency contracts.* |

---

**Affiliated Investment for the period ended March 31, 2026 were as follows:**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Issuer | Value at<br> December 31, <br> 2025 | Purchase<br> cost | Sales<br> proceeds | Realized<br> gain (loss) |
| Lazard Emerging Markets Opportunities ETF | $909652 | $933343 | $(1817964) | $(37181) |
| Lazard Government Money Market Portfolio | 118975 | 3470352 | (1981362) |  |
| Total Securities | $1028627 | $4403695 | $(3799326) | $(37181) |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Issuer | Change in<br> unrealized<br> appreciation<br> (depreciation) | Dividend<br> Income | Shares at<br> March 31, 2026 | Values at<br> March 31, 2026 |
| Lazard Emerging Markets Opportunities ETF | $12150 | $— |  | $— |
| Lazard Government Money Market Portfolio |  | 2457 | 1607965 | 1607965 |
| Total Securities | $12150 | $2457 | $1607965 | $1607965 |

---

**Forward Currency Contracts open at March 31, 2026:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counterparty | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| AUD | 11077 | USD | 7619 | JPM | 04/22/26 | $22 | $— |
| CAD | 29090 | USD | 21327 | MSC | 04/22/26 |  | 396 |
| CAD | 20371 | USD | 14929 | MSC | 04/22/26 |  | 272 |
| CHF | 37280 | USD | 47224 | HSB | 04/22/26 |  | 498 |
| CHF | 5099 | USD | 6460 | MSC | 04/22/26 |  | 68 |
| CNY | 1754569 | USD | 252666 | HSB | 04/22/26 | 2443 |  |
| DKK | 118680 | USD | 18619 | MSC | 04/22/26 |  | 246 |
| EUR | 163236 | USD | 191143 | HSB | 04/22/26 |  | 2288 |
| EUR | 10385 | USD | 12465 | MSC | 04/22/26 |  | 450 |
| GBP | 19122 | USD | 25684 | HSB | 04/22/26 |  | 375 |
| GBP | 25002 | USD | 33000 | MSC | 04/22/26 | 91 |  |
| ILS | 595202 | USD | 187499 | HSB | 04/23/26 | 1972 |  |
| JPY | 31769595 | USD | 204192 | CIT | 04/22/26 |  | 3671 |
| JPY | 2783708 | USD | 17891 | HSB | 04/22/26 |  | 321 |
| JPY | 3504919 | USD | 22000 | MSC | 04/22/26 | 122 |  |
| KRW | 102600000 | USD | 70510 | JPM | 04/22/26 |  | 3486 |
| NOK | 343509 | USD | 35901 | HSB | 04/22/26 |  | 427 |
| NOK | 221545 | USD | 22520 | HSB | 04/22/26 | 359 |  |
| NOK | 8304591 | USD | 820925 | HSB | 04/22/26 | 36691 |  |
| NZD | 631641 | USD | 363187 | HSB | 04/22/26 | 23 |  |
| RON | 718230 | USD | 163194 | CIT | 04/22/26 |  | 527 |
| SEK | 34604 | USD | 3773 | MSC | 04/22/26 |  | 114 |
| SGD | 33541 | USD | 26224 | CIT | 04/22/26 |  | 98 |
| SGD | 33268 | USD | 26013 | HSB | 04/22/26 |  | 100 |
| USD | 5375 | AUD | 8033 | HSB | 04/22/26 |  | 166 |
| USD | 8808 | AUD | 12577 | JPM | 04/22/26 | 132 |  |
| USD | 44259 | AUD | 66132 | MSC | 04/22/26 |  | 1358 |
| USD | 22567 | BRL | 120000 | CIT | 04/22/26 |  | 516 |
| USD | 21000 | BRL | 110508 | CIT | 04/22/26 |  | 257 |
| USD | 10678 | CAD | 14734 | HSB | 04/22/26 | 76 |  |
| USD | 986 | CAD | 1361 | JPM | 04/22/26 | 7 |  |
| USD | 36136 | CAD | 49357 | MSC | 04/22/26 | 622 |  |
| USD | 146460 | CAD | 202071 | MSC | 04/22/26 | 1066 |  |
| USD | 29000 | CHF | 22169 | MSC | 04/22/26 | 1214 |  |
| USD | 29000 | CLP | 25633100 | CIT | 04/22/26 | 1316 |  |
| USD | 44000 | CNY | 302590 | HSB | 04/22/26 | 4 |  |
| USD | 25146 | CZK | 522449 | CIT | 04/22/26 | 535 |  |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (concluded)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counterparty | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| USD | 46415 | CZK | 964552 | HSB | 04/22/26 | $979 | $— |
| USD | 41238 | DKK | 262859 | MSC | 04/22/26 | 545 |  |
| USD | 20822 | GBP | 15263 | HSB | 04/22/26 | 620 |  |
| USD | 16442 | HUF | 5478603 | HSB | 04/22/26 |  | 9 |
| USD | 239451 | ILS | 760120 | HSB | 04/23/26 |  | 2518 |
| USD | 38000 | JPY | 5806628 | HSB | 04/22/26 | 1350 |  |
| USD | 16494 | MXN | 299575 | CIT | 04/22/26 |  | 198 |
| USD | 28768 | MXN | 522580 | JPM | 04/22/26 |  | 350 |
| USD | 858634 | NOK | 8686070 | HSB | 04/22/26 |  | 38376 |
| USD | 453329 | NZD | 788413 | HSB | 04/22/26 |  | 29 |
| USD | 38567 | PEN | 130000 | HSB | 04/22/26 | 1245 |  |
| USD | 14186 | PLN | 51418 | HSB | 04/22/26 | 335 |  |
| USD | 204690 | RON | 900855 | CIT | 04/22/26 | 661 |  |
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts |  | $52430 | $57114 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** |
| **Common Stocks \| 94.0%** |  |  |
| **Australia \| 2.2%** |  |  |
| Orica Ltd. | 50749 | $710281 |
| Rio Tinto PLC | 20488 | 1904397 |
|  |  | 2614678 |
| **Belgium \| 0.9%** |  |  |
| KBC Group NV | 8727 | 1066825 |
| **Canada \| 1.5%** |  |  |
| Suncor Energy, Inc. | 27151 | 1795819 |
| **China \| 2.1%** |  |  |
| Contemporary Amperex Technology Co. Ltd., Class A | 19600 | 1148823 |
| Li Ning Co. Ltd. | 465000 | 1296483 |
|  |  | 2445306 |
| **France \| 13.1%** |  |  |
| Air Liquide SA | 8989 | 1851737 |
| Alstom SA (\*) | 37322 | 1063458 |
| Bureau Veritas SA | 65876 | 1978877 |
| Cie de Saint-Gobain SA | 10142 | 834639 |
| Engie SA | 100747 | 3248102 |
| Legrand SA | 9627 | 1487609 |
| Orange SA | 138170 | 2823126 |
| Pernod Ricard SA | 10303 | 769006 |
| Societe Generale SA | 17840 | 1302607 |
|  |  | 15359161 |
| **Germany \| 8.0%** |  |  |
| Allianz SE | 4000 | 1657552 |
| Deutsche Boerse AG | 6093 | 1771455 |
| Deutsche Telekom AG | 44796 | 1651810 |
| Merck KGaA | 14354 | 1782614 |
| Siemens Healthineers AG (#) | 28124 | 1179812 |
| Symrise AG | 15246 | 1290855 |
|  |  | 9334098 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Greece \| 1.7%** |  |  |
| National Bank of Greece SA | 129691 | $2010096 |
| **Hong Kong \| 3.6%** |  |  |
| AIA Group Ltd. | 243400 | 2734319 |
| Techtronic Industries Co. Ltd. | 115500 | 1537379 |
|  |  | 4271698 |
| **Israel \| 1.4%** |  |  |
| Bank Hapoalim BM | 69502 | 1626791 |
| **Italy \| 3.2%** |  |  |
| Banca Monte dei Paschi di Siena SpA | 114615 | 998660 |
| Lottomatica Group SpA | 43457 | 1254351 |
| UniCredit SpA | 21321 | 1536337 |
|  |  | 3789348 |
| **Japan \| 18.5%** |  |  |
| Ebara Corp. | 48800 | 1375062 |
| Japan Exchange Group, Inc. | 133300 | 1547728 |
| Japan Post Bank Co. Ltd. | 106800 | 1757089 |
| MatsukiyoCocokara & Co. | 52900 | 845365 |
| Mitsui Fudosan Co. Ltd. | 101100 | 1070099 |
| Mizuho Financial Group, Inc. | 26200 | 1045769 |
| Nippon Sanso Holdings Corp. | 29600 | 1056813 |
| Nitori Holdings Co. Ltd. | 62400 | 991067 |
| Otsuka Holdings Co. Ltd. | 25800 | 1821134 |
| Recruit Holdings Co. Ltd. | 27700 | 1198328 |
| Resona Holdings, Inc. | 159700 | 1776977 |
| Resonac Holdings Corp. | 15100 | 986595 |
| Shimadzu Corp. | 71000 | 1684332 |
| Shin-Etsu Chemical Co. Ltd. | 53500 | 2176786 |
| Suzuki Motor Corp. | 76400 | 915346 |
| Toyo Suisan Kaisha Ltd. | 20200 | 1410266 |
|  |  | 21658756 |
| **Mexico \| 1.0%** |  |  |
| Arca Continental SAB de CV | 96500 | 1113010 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** |
| **Netherlands \| 4.3%** |  |  |
| ASML Holding NV | 1891 | $2502998 |
| IMCD NV | 15227 | 1589226 |
| Universal Music Group NV | 48296 | 936468 |
|  |  | 5028692 |
| **South Africa \| 1.1%** |  |  |
| Anglo American PLC | 30419 | 1292343 |
| **South Korea \| 2.0%** |  |  |
| Kia Corp. | 9238 | 889181 |
| Samsung Electronics Co. Ltd. | 12757 | 1432994 |
|  |  | 2322175 |
| **Spain \| 2.5%** |  |  |
| Banco Santander SA | 171362 | 1939016 |
| Bankinter SA | 60888 | 958534 |
|  |  | 2897550 |
| **Sweden \| 0.8%** |  |  |
| Sandvik AB | 23961 | 915676 |
| **Switzerland \| 2.5%** |  |  |
| ABB Ltd. | 23909 | 1944583 |
| Cie Financiere Richemont SA, Class A | 5570 | 992534 |
|  |  | 2937117 |
| **Taiwan \| 1.2%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 4206 | 1421418 |
| **United Kingdom \| 15.4%** |  |  |
| 3i Group PLC | 33551 | 1099366 |
| AstraZeneca PLC | 14370 | 2806721 |
| Compass Group PLC | 57691 | 1602871 |
| Croda International PLC | 30062 | 1123319 |
| Howden Joinery Group PLC | 138959 | 1476183 |
| IMI PLC | 49634 | 1692142 |
| Marks & Spencer Group PLC | 253228 | 1137304 |
| RELX PLC | 76276 | 2514760 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| RS Group PLC | 105470 | $787565 |
| SSE PLC | 31419 | 1084711 |
| Unilever PLC | 48104 | 2697034 |
|  |  | 18021976 |
| **United States \| 7.0%** |  |  |
| Amcor PLC CDI | 26176 | 1021117 |
| Aon PLC, Class A | 5149 | 1661994 |
| Chubb Ltd. | 3273 | 1066769 |
| CRH PLC | 10069 | 1058453 |
| Globant SA (\*) | 9199 | 424166 |
| Medtronic PLC | 16033 | 1389259 |
| Shell PLC | 35123 | 1640133 |
|  |  | 8261891 |
| **Total Common Stocks**<br> (Cost $95,088,660) |  | 110184424 |
| **Preferred Stocks \| 1.3%** |  |  |
| **Brazil \| 1.3%** |  |  |
| Itau Unibanco Holding SA<br> (Cost $1,005,161) | 182671 | 1533353 |
| **Short-Term Investments \| 4.9%** |  |  |
| Lazard Government Money Market Portfolio, 3.50% (7 day yield) (a)<br> (Cost $5,764,475) | 5764475 | 5764475 |
| **Total Investments \| 100.2%**<br> (Cost $101,858,296) |  | $**117482252** |
| **Liabilities in Excess of Cash and Other Assets \| (0.2)%** | **Liabilities in Excess of Cash and Other Assets \| (0.2)%** | **(258904)** |
| **Net Assets \| 100.0%** |  | $**117223348** |

---

---

| | |
|:---|:---|
| | |
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At March 31, 2026, these securities amounted to 1.0% of net assets of the Portfolio.* |
| *(a)* | *Affiliated investment.* |

---

**Lazard Retirement International Equity Portfolio (concluded)** 

**Affiliated Investment for the period ended March 31, 2026 were as follows:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| Issuer | Value at<br> December 31,<br> 2025 | Purchase<br> cost | Sales<br> proceeds | Realized<br> gain (loss) |
| Lazard Government Money Market Portfolio | $2936825 | $28050408 | $(25222758) | $— |
| Issuer | Change in<br> unrealized<br> appreciation<br> (depreciation) | Dividend<br> Income | Shares at<br> March 31, 2026 | Value at<br> March 31, 2026 |
| Lazard Government Money Market Portfolio | $— | $24974 | 5764475 | $5764475 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** |
| **Common Stocks \| 100.4%** |  |  |
| **Aerospace & Defense \| 1.0%** |  |  |
| StandardAero, Inc. (\*) | 3321 | $85781 |
| **Automobile Components \| 1.1%** |  |  |
| Gentherm, Inc. (\*) | 3354 | 93174 |
| **Automobiles \| 0.9%** |  |  |
| Thor Industries, Inc. | 947 | 75656 |
| **Banks \| 10.0%** |  |  |
| Atlantic Union Bankshares Corp. | 3591 | 128342 |
| BankUnited, Inc. | 2807 | 126764 |
| Community Financial System, Inc. | 1116 | 65453 |
| Home BancShares, Inc. | 5705 | 153636 |
| Texas Capital Bancshares, Inc. (\*) | 2146 | 203613 |
| Wintrust Financial Corp. | 1442 | 200351 |
|  |  | 878159 |
| **Biotechnology \| 8.2%** |  |  |
| Arcutis Biotherapeutics, Inc. (\*) | 5510 | 129816 |
| Aurinia Pharmaceuticals, Inc. (\*) | 4194 | 62155 |
| Caris Life Sciences, Inc. | 3460 | 61865 |
| Disc Medicine, Inc. (\*) | 1143 | 73083 |
| MapLight Therapeutics, Inc. | 3663 | 74469 |
| Rhythm Pharmaceuticals, Inc. (\*) | 1045 | 90884 |
| Soleno Therapeutics, Inc. (\*) | 1649 | 55208 |
| Vaxcyte, Inc. (\*) | 1356 | 78797 |
| Xenon Pharmaceuticals, Inc. (\*) | 1735 | 100890 |
|  |  | 727167 |
| **Building Products \| 0.9%** |  |  |
| Janus International Group, Inc. (\*) | 15291 | 78749 |
| **Capital Markets \| 4.5%** |  |  |
| Bullish | 2520 | 90040 |
| StepStone Group, Inc., Class A | 3168 | 151177 |
| Stifel Financial Corp. | 2121 | 156784 |
|  |  | 398001 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Commercial Services & Supplies \| 3.5%** |  |  |
| ABM Industries, Inc. | 3647 | $140482 |
| Casella Waste Systems, Inc., Class A (\*) | 2088 | 165662 |
|  |  | 306144 |
| **Communications Equipment \| 1.7%** |  |  |
| Lumentum Holdings, Inc. (\*) | 217 | 152499 |
| **Construction & Engineering \| 1.8%** |  |  |
| Legence Corp., Class A | 2739 | 154644 |
| **Construction Materials \| 1.0%** |  |  |
| Eagle Materials, Inc. | 481 | 91125 |
| **Consumer Finance \| 1.1%** |  |  |
| Figure Technology Solutions, Inc., Class A | 2749 | 93329 |
| **Consumer Staples Distribution & Retail \| 2.1%** |  |  |
| BJ's Wholesale Club Holdings, Inc. (\*) | 963 | 94778 |
| Chefs' Warehouse, Inc. (\*) | 1491 | 88640 |
|  |  | 183418 |
| **Containers & Packaging \| 2.4%** |  |  |
| Graphic Packaging Holding Co. | 6057 | 60207 |
| TriMas Corp. | 4194 | 150732 |
|  |  | 210939 |
| **Electrical Equipment \| 3.9%** |  |  |
| EnerSys | 398 | 69141 |
| Forgent Power Solutions, Inc. | 3236 | 94718 |
| Regal Rexnord Corp. | 944 | 176773 |
|  |  | 340632 |
| **Electronic Equipment, Instruments & Components \| 6.1%** |  |  |
| Advanced Energy Industries, Inc. | 743 | 239773 |
| Coherent Corp. (\*) | 598 | 142450 |
| Mirion Technologies, Inc. (\*) | 8520 | 158387 |
|  |  | 540610 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** |
| **Energy Equipment & Services \| 5.0%** |  |  |
| Atlas Energy Solutions, Inc. | 12305 | $161442 |
| Cactus, Inc., Class A | 3196 | 151394 |
| Kodiak Gas Services, Inc. | 2150 | 125388 |
|  |  | 438224 |
| **Entertainment \| 1.9%** |  |  |
| Roku, Inc. (\*) | 1815 | 171735 |
| **Food Products \| 1.1%** |  |  |
| Once Upon a Farm PBC | 5779 | 94487 |
| **Ground Transportation \| 2.0%** |  |  |
| Landstar System, Inc. | 1089 | 174578 |
| **Health Care Equipment & Supplies \| 2.8%** |  |  |
| Enovis Corp. (\*) | 5979 | 136022 |
| TransMedics Group, Inc. (\*) | 1135 | 112831 |
|  |  | 248853 |
| **Health Care Providers & Services \| 1.6%** |  |  |
| Guardian Pharmacy Services, Inc., Class A (\*) | 3840 | 144614 |
| **Health Care REITs \| 1.3%** |  |  |
| Alexandria Real Estate Equities, Inc. | 2486 | 115400 |
| **Hotels, Restaurants & Leisure \| 5.2%** |  |  |
| First Watch Restaurant Group, Inc. (\*) | 16349 | 171338 |
| Planet Fitness, Inc., Class A (\*) | 2080 | 154710 |
| Wyndham Hotels & Resorts, Inc. | 1650 | 134029 |
|  |  | 460077 |
| **Insurance \| 2.1%** |  |  |
| First American Financial Corp. | 3096 | 186658 |
| **IT Services \| 1.8%** |  |  |
| DigitalOcean Holdings, Inc. (\*) | 1864 | 159894 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Leisure Products \| 1.0%** |  |  |
| Brunswick Corp. | 1237 | $90004 |
| **Life Sciences Tools & Services \| 0.7%** |  |  |
| Maravai LifeSciences Holdings, Inc., Class A (\*) | 21560 | 61015 |
| **Machinery \| 5.9%** |  |  |
| Gates Industrial Corp. PLC (\*) | 6998 | 158225 |
| Middleby Corp. (\*) | 1297 | 171956 |
| Toro Co. | 2021 | 188842 |
|  |  | 519023 |
| **Media \| 1.8%** |  |  |
| NIQ Global Intelligence PLC | 14132 | 160681 |
| **Oil, Gas & Consumable Fuels \| 1.3%** |  |  |
| Antero Resources Corp. (\*) | 2735 | 116073 |
| **Pharmaceuticals \| 0.7%** |  |  |
| Axsome Therapeutics, Inc. (\*) | 380 | 64228 |
| **Semiconductors & Semiconductor Equipment \| 5.1%** |  |  |
| Credo Technology Group Holding Ltd. (\*) | 1008 | 94621 |
| Diodes, Inc. (\*) | 1839 | 125530 |
| Onto Innovation, Inc. (\*) | 486 | 99664 |
| Rambus, Inc. (\*) | 1505 | 129475 |
|  |  | 449290 |
| **Software \| 3.3%** |  |  |
| ServiceTitan, Inc., Class A (\*) | 2164 | 137328 |
| Zeta Global Holdings Corp., Class A (\*) | 9523 | 151606 |
|  |  | 288934 |
| **Specialized REITs \| 1.5%** |  |  |
| CubeSmart | 3643 | 133516 |
| **Specialty Retail \| 3.0%** |  |  |
| Bob's Discount Furniture, Inc. | 9112 | 107066 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** |
| Floor & Decor Holdings, Inc., Class A (\*) | 3132 | $159106 |
|  |  | 266172 |
| **Trading Companies & Distributors \| 1.1%** |  |  |
| EquipmentShare.com, Inc., Class A | 4678 | 95291 |
| **Total Common Stocks**<br> (Cost $8,497,455) |  | 8848774 |
| **Short-Term Investments \| 0.4%** |  |  |
| Lazard Government Money Market Portfolio, 3.50% (7 day yield) (a)<br> (Cost $34,507) | 34507 | 34507 |
| **Total Investments \| 100.8%**<br> (Cost $8,531,962) |  | $**8883281** |
| **Liabilities in Excess of Cash and** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Assets \| (0.8)%** |  | **(66593)** |
| **Net Assets \| 100.0%** |  | $**8816688** |

---

*(\*) Non-income producing security.*

*(a) Affiliated investment.*

**Affiliated Investment for the period ended March 31, 2026 were as follows:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| Issuer | Value at <br> December 31, <br> 2025 | Purchase <br> cost | Sales <br> proceeds | Realized <br> gain (loss) |
| Lazard Government Money Market Portfolio | $144272 | $934015 | $(1043780) | $— |
| Issuer | Change in <br> unrealized <br> appreciation <br> (depreciation) | Dividend <br> Income | Shares at <br> March 31, 2026 | Value at <br> March 31, 2026 |
| Lazard Government Money Market Portfolio | $— | $894 | 34507 | $34507 |

---

**Lazard Retirement Series, Inc.** Notes to Portfolio of Investments

March 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Asset Class/Sector | Lazard <br> Retirement <br> Emerging <br> Markets Equity<br> Portfolio | Lazard <br> Retirement <br> Global <br> Dynamic <br> Multi-Asset <br> Portfolio | Lazard <br> Retirement <br> International <br> Equity <br> Portfolio | Lazard <br> Retirement <br> US Small Cap <br> Equity Select <br> Portfolio |
| &nbsp;&nbsp;&nbsp;Communication Services | 8.8% | 5.8% | 4.6% | 3.7% |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary | 10.1 | 6.6 | 6.9 | 11.2 |
| &nbsp;&nbsp;&nbsp;Consumer Staples | 7 | 4.7 | 6.8 | 3.2 |
| &nbsp;&nbsp;&nbsp;Energy | 8.8 | 2.9 | 2.9 | 6.3 |
| &nbsp;&nbsp;&nbsp;Financials | 25.7 | 13.6 | 24.6 | 17.7 |
| &nbsp;&nbsp;&nbsp;Health Care | 3.6 | 6.7 | 7.8 | 14 |
| &nbsp;&nbsp;&nbsp;Industrials | 7.5 | 8.1 | 18.5 | 20.1 |
| &nbsp;&nbsp;&nbsp;Information Technology | 21 | 16.6 | 6.2 | 18 |
| &nbsp;&nbsp;&nbsp;Materials | 4.7 | 1.9 | 12.4 | 3.4 |
| &nbsp;&nbsp;&nbsp;Real Estate |  | 1.1 | 0.9 | 2.8 |
| &nbsp;&nbsp;&nbsp;Sovereign Debt |  | 14.9 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Municipal Bonds |  | 0.5 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Securities |  | 1.7 |  |  |
| &nbsp;&nbsp;&nbsp;Utilities | 1.8 | 2.2 | 3.7 |  |
| &nbsp;&nbsp;&nbsp;Warrants |  | 0 |  |  |
| Other (includes short-term |  |  |  |  |
| investments) | 1 | 12.7 | 4.7 | -0.4 |
| Total | 100.0% | 100.0% | 100.0% | 100.0% |

---

---

| | |
|:---|:---|
| **Security Abbreviations:** | **Security Abbreviations:** |
| ADR | — American Depositary Receipt |
| CDI | — CHESS Depositary Interest |
| CDOR | — Canadian Dollar Offered Rate |
| CVR | — Contingent Value Rights |
| ETF | — Exchange-Traded Fund |
| GDR | — Global Depositary Receipt |
| PJSC | — Public Joint Stock Company |
| PRIBOR | — Prague Interbank Offered Rate |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |
| WIBOR | — Warsaw Interbank Offered Rate |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| AUD | — Australian Dollar |
| BRL | — Brazilian Real |
| CAD | — Canadian Dollar |
| CHF | — Swiss Franc |
| CLP | — Chilean Peso |
| CNY | — Chinese Renminbi |
| COP | — Colombian Peso |
| CZK | — Czech Koruna |
| DKK | — Danish Krone |
| EUR | — Euro |
| GBP | — British Pound Sterling |
| HUF | — Hungarian Forint |
| IDR | — Indonesian Rupiah |
| ILS | — Israeli Shekel |
| INR | — Indian Rupee |
| JPY | — Japanese Yen |
| KRW | — South Korean Won |
| MXN | — Mexican New Peso |
| NOK | — Norwegian Krone |
| NZD | — New Zealand Dollar |
| PEN | — Peruvian Nuevo Sol |
| PLN | — Polish Zloty |
| RON | — New Romanian Leu |
| SEK | — Swedish Krona |
| SGD | — Singapore Dollar |
| THB | — Thai Baht |
| TRY | — New Turkey Lira |
| USD | — United States Dollar |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |
| CIT | — Citibank N.A. |
| HSB | — HSBC Bank USA N.A. |
| JPM | — JPMorgan Chase Bank N.A. |
| MSC | — Morgan Stanley & Co. |

---

Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Fund's policy regarding valuation of investments and derivative financial instruments, refer to notes to the financial statements.

**Item 2. Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Lazard Retirement Series, Inc.

---

| | |
|:---|:---|
| By: | /s/ Jennifer Ryan |
|  | Jennifer Ryan |
|  | Principal Executive Officer |
| Date: May 27, 2026 | Date: May 27, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Jennifer Ryan |
|  | Jennifer Ryan |
|  | Principal Executive Officer |
| Date: May 27, 2026 | Date: May 27, 2026 |
| By: | /s/ Christina Kennedy |
|  | Christina Kennedy |
|  | Principal Financial Officer |
| Date: May 27, 2026 | Date: May 27, 2026 |

---

## 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 RETIREMENT SERIES INC

- **b. Investment Company Act file number:** 811-08071

- **c. CIK number of Registrant:** 0001033669

- **d. LEI of Registrant:** 25490040TBDMVOE6GX23

- **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 Retirement International Equity Portfolio

- **b. EDGAR series identifier (if any):** S000010300

- **c. LEI of Series:** 549300XMQH3M4WCTYW46

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $118646452.91

**Total Liabilities:** $1320696.78

**Net Assets:** $117325756.13

**Cash Not Reported:** $4459.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028478 | 6.14%                | 4.58%                | -9.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2633739.95              | $3913348.08                                |
| Month 2  | $2558120.25              | $2435171.38                                |
| Month 3  | $1397249.27              | $-13302368.14                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RS GROUP PLC                              | RS GROUP PLC                              | CUSIP: 000000000<br>LEI: 549300KVXDURRKVW7R37 | Long             | EC               | CORP              | GB        |    105470 | NS      | $787565.36    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                  | Howden Joinery Group PLC                  | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    138959 | NS      | $1476182.82   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                             | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     20488 | NS      | $1904396.42   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                   | SSE PLC                                   | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     31419 | NS      | $1084710.97   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     14370 | NS      | $2806721.02   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                | Arca Continental SAB de CV                | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     96500 | NS      | $1113010.10   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Marks & Spencer Group PLC                 | Marks & Spencer Group PLC                 | CUSIP: 000000000<br>LEI: 213800EJP14A79ZG1X44 | Long             | EC               | CORP              | GB        |    253228 | NS      | $1137303.64   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Gildan Activewear Inc                     | Gildan Activewear Inc                     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      3904 | NS      | $217412.75    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                              | KBC Group NV                              | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      8727 | NS      | $1066825.48   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                          | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     10303 | NS      | $769006.00    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                | Merck KGaA                                | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     14354 | NS      | $1782614.60   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                 | Orange SA                                 | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    138170 | NS      | $2823126.36   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                | Allianz SE                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      4000 | NS      | $1657551.60   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                              | Bankinter SA                              | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |     60888 | NS      | $958533.90    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                        | Banco Santander SA                        | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    171362 | NS      | $1939015.97   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     44796 | NS      | $1651810.22   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                       | Societe Generale SA                       | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     17840 | NS      | $1302607.34   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Amcor PLC                                 | Amcor PLC                                 | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |     26033 | NS      | $1015538.37   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                          | Bank Hapoalim BM                          | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     69121 | NS      | $1617873.01   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp                                | Ebara Corp                                | CUSIP: 000000000<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |     48500 | NS      | $1366609.06   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                       | Resona Holdings Inc                       | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    158800 | NS      | $1766962.34   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Orica Ltd                                 | Orica Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     21351 | NS      | $298827.89    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                  | Kia Corp                                  | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |      9187 | NS      | $884272.01    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc                | Mizuho Financial Group Inc                | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     26100 | NS      | $1041777.56   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                     | Mitsui Fudosan Co Ltd                     | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    100500 | NS      | $1063748.29   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp                | Nippon Sanso Holdings Corp                | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |     29400 | NS      | $1049672.50   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitori Holdings Co Ltd                    | Nitori Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62100 | NS      | $986302.11    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                  | Japan Exchange Group Inc                  | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |    132600 | NS      | $1539600.64   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     12687 | NS      | $1425131.21   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimadzu Corp                             | Shimadzu Corp                             | CUSIP: 000000000<br>LEI: 353800Y64Z08WEH8PH97 | Long             | EC               | CORP              | JP        |     70600 | NS      | $1674842.82   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                 | Shin-Etsu Chemical Co Ltd                 | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     53200 | NS      | $2164579.35   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Resonac Holdings Corp                     | Resonac Holdings Corp                     | CUSIP: 000000000<br>LEI: 5493006AIPA1V92YPP18 | Long             | EC               | CORP              | JP        |     15000 | NS      | $980061.65    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                         | Suzuki Motor Corp                         | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     76000 | NS      | $910553.81    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                    | Toyo Suisan Kaisha Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20100 | NS      | $1403284.59   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                        | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      6093 | NS      | $1771455.03   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                   | ABB Ltd                                   | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     23909 | NS      | $1944583.08   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                    | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     10142 | NS      | $834638.51    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                         | Suncor Energy Inc                         | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     27151 | NS      | $1795818.78   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4206 | NS      | $1421417.70   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD GOVT MNY MMKT INS                  | LAZARD GOVT MNY MMKT INS                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5764475 | NS      | $5764475.28   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1891 | NS      | $2502997.82   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA               | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      5570 | NS      | $992534.28    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                   | IMCD NV                                   | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     15215 | NS      | $1587973.98   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                | National Bank of Greece SA                | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    128980 | NS      | $1999076.11   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA       | Banca Monte dei Paschi di Siena SpA       | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |    114615 | NS      | $998660.24    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                        | Anglo American PLC                        | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     30419 | NS      | $1292343.13   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                              | Unilever PLC                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     48104 | NS      | $2697034.26   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    115000 | NS      | $1530724.01   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                            | Li Ning Co Ltd                            | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |    462000 | NS      | $1288118.42   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                  | Itau Unibanco Holding SA                  | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    182671 | NS      | $1533352.33   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                  | Engie SA                                  | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    100747 | NS      | $3248102.45   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Alstom SA                                 | Alstom SA                                 | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |     37322 | NS      | $1063457.68   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                | Legrand SA                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |      9627 | NS      | $1487609.16   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                | Symrise AG                                | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     15246 | NS      | $1290854.99   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                | Sandvik AB                                | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     23961 | NS      | $915676.23    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                              | 3i Group PLC                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     33551 | NS      | $1099365.74   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                            | Air Liquide SA                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      8989 | NS      | $1851736.92   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co                    | MatsukiyoCocokara & Co                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52600 | NS      | $840570.81    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                         | Bureau Veritas SA                         | CUSIP: 000000000<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |     65876 | NS      | $1978876.62   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     76276 | NS      | $2514759.50   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    242000 | NS      | $2718591.46   | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd                    | Otsuka Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25700 | NS      | $1814075.20   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                   | Siemens Healthineers AG                   | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |     28124 | NS      | $1179811.78   | 1.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     57691 | NS      | $1602871.49   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                   | IMI PLC                                   | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     49634 | NS      | $1692142.34   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd    | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     19500 | NS      | $1142961.61   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International PLC                   | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     30062 | NS      | $1123318.76   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Lottomatica Group Spa                     | Lottomatica Group Spa                     | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |     43457 | NS      | $1254350.30   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                  | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     48296 | NS      | $936467.93    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                 | Shell PLC                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     35123 | NS      | $1640132.60   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                   | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     27700 | NS      | $1198327.43   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                             | UniCredit SpA                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     21321 | NS      | $1536336.95   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd                    | Japan Post Bank Co Ltd                    | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |    106800 | NS      | $1757089.11   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                   | Aon PLC                                   | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      5149 | NS      | $1661994.22   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                   | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     10069 | NS      | $1058453.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                             | Medtronic PLC                             | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     16033 | NS      | $1389259.45   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                 | Chubb Ltd                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      3273 | NS      | $1066768.89   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      9199 | NS      | $424165.89    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** LAZARD RETIREMENT SERIES INC

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer