# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046500
**Filing Date:** 2023-2
**Character Count:** 13914
**Document Hash:** f8d68822e4f7ccb1a9bcb7ab1c7b18a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046500.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046500

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD FUNDS INC
- **CENTRAL INDEX KEY:** 0000874964
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06312
- **FILM NUMBER:** 23682542

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112
- **BUSINESS PHONE:** 2126326000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112

## Series and Classes Contracts Data

### Lazard Opportunistic Strategies Portfolio (Series ID: S000020883)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000058929 | Institutional Shares | LCAIX           |
| C000058930 | Open Shares          | LCAOX           |

## 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 FUNDS INC

- **b. Investment Company Act file number:** 811-06312

- **c. CIK number of Registrant:** 0000874964

- **d. LEI of Registrant:** FHQ86OSTXPK3IHDU6X52

- **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 Opportunistic Strategies Portfolio

- **b. EDGAR series identifier (if any):** S000020883

- **c. LEI of Series:** X3TQJN4RU7Q4BZLK8Q19

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $55745718.01

**Total Liabilities:** $226538.68

**Net Assets:** $55519179.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000058929 | 4.06%                | 2.95%                | -2.57%               |
| Class ID C000058930 | 3.98%                | 2.98%                | -2.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2157599.52             | $4522185.70                                |
| Month 2  | $-131145.17              | $1921852.86                                |
| Month 3  | $-73411.06               | $-1965137.65                               |

**Designated Index Information**

- **Index Name:** MSCI World Index

- **Index Identifier:** MXWO

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR S&P Global Infrastructure ETF                  | SPDR S&P Global Infrastructure ETF                                                                                 | CUSIP: 78463X855<br>LEI: 5493001CZU6BWAPKPM88 | Long             | EC               | RF                | US        |     34858 | NS      | $1827256.36   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Staples Select Sector SPDR Fund            | Consumer Staples Select Sector SPDR Fund                                                                           | CUSIP: 81369Y308<br>LEI: 549300Z52QUV3UXHLA68 | Long             | EC               | RF                | US        |     80467 | NS      | $5998814.85   | 10.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 Value ETF                          | Vanguard S&P 500 Value ETF                                                                                         | CUSIP: 921932703<br>LEI: N/A                  | Long             | EC               | RF                | US        |     13820 | NS      | $1935629.20   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                        | State Street Institutional Treasury Money Market Fund                                                              | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |   5893448 | NS      | $5893447.78   | 10.62%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI USA Min Vol Factor ETF                 | iShares MSCI USA Min Vol Factor ETF                                                                                | CUSIP: 46429B697<br>LEI: 54930006KUZN6GLGL496 | Long             | EC               | RF                | US        |     25962 | NS      | $1871860.20   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Select Sector SPDR Fund                 | Health Care Select Sector SPDR Fund                                                                                | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |     51072 | NS      | $6938131.20   | 12.50%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | iShares iBoxx $ Investment Grade Corporate Bond ETF                                                                | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |     16545 | NS      | $1744339.35   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Treasury ETF                    | Vanguard Short-Term Treasury ETF                                                                                   | CUSIP: 92206C102<br>LEI: SMW62R66J4CAWU1R4S26 | Long             | EC               | RF                | US        |     65157 | NS      | $3767377.74   | 6.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Small-Cap ETF                              | Vanguard Small-Cap ETF                                                                                             | CUSIP: 922908751<br>LEI: HZKQM2YGJWB4I8NIZL49 | Long             | EC               | RF                | US        |     10677 | NS      | $1959656.58   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin FTSE Japan ETF                             | Franklin FTSE Japan ETF                                                                                            | CUSIP: 35473P744<br>LEI: 549300V7MZYC1Z30JS82 | Long             | EC               | RF                | US        |    119267 | NS      | $2867178.68   | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust NASDAQ Cybersecurity ETF                | First Trust NASDAQ Cybersecurity ETF                                                                               | CUSIP: 33734X846<br>LEI: 5493006DCP7IS1162940 | Long             | EC               | RF                | US        |     51456 | NS      | $1991861.76   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core Dividend Growth ETF                    | iShares Core Dividend Growth ETF                                                                                   | CUSIP: 46434V621<br>LEI: 549300KH155G8BRZXD37 | Long             | EC               | RF                | US        |     53455 | NS      | $2672750.00   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB US Dollar Index Bullish Fund             | Invesco DB US Dollar Index Bullish Fund                                                                            | CUSIP: 46141D203<br>LEI: 549300QQBOFDEGGI5W06 | Long             | EC               | RF                | US        |     59896 | NS      | $1665707.76   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Oil Fund LP                           | United States Oil Fund LP                                                                                          | CUSIP: 91232N207<br>LEI: ZR7XWIN3GSRDDWZ9V446 | Long             | EC               | RF                | US        |      8534 | NS      | $598318.74    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond ETF                  | iShares 20+ Year Treasury Bond ETF                                                                                 | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     14955 | NS      | $1488919.80   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Agriculture Fund                         | Invesco DB Agriculture Fund                                                                                        | CUSIP: 46140H106<br>LEI: 549300CW37D800HX4P40 | Long             | EC               | RF                | US        |    201855 | NS      | $4067378.25   | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares US Treasury Bond ETF                        | iShares US Treasury Bond ETF                                                                                       | CUSIP: 46429B267<br>LEI: 549300YMK9GAMCTG8G20 | Long             | EC               | RF                | US        |     72814 | NS      | $1654334.08   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | Long: AEIF90164 TRS USD R E AEIF90164 TRS RE / Short: AEIF90164 TRS USD P V 00MSOFR AEIF90164 TRS PV +34BPS SPREAD | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    525658 | OU      | $-61308.72    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI Pacific ex Japan ETF                   | iShares MSCI Pacific ex Japan ETF                                                                                  | CUSIP: 464286665<br>LEI: 549300BD232B3QSQRR65 | Long             | EC               | RF                | US        |     17374 | NS      | $743433.46    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF                                | Vanguard Mid-Cap ETF                                                                                               | CUSIP: 922908629<br>LEI: F7RXEPKL33W3OZ8V3S02 | Long             | EC               | RF                | US        |      9466 | NS      | $1929265.46   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Expanded Tech-Software Sector ETF           | iShares Expanded Tech-Software Sector ETF                                                                          | CUSIP: 464287515<br>LEI: 54930072GM1ADLZJ5373 | Long             | EC               | RF                | US        |      4791 | NS      | $1225777.35   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | Long: AEIF90172 TRS USD R E AEIF90172 TRS RE / Short: AEIF90172 TRS USD P V 00MSOFR AEIF90172 TRS PV +29BPS SPREAD | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    425679 | OU      | $-79088.96    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Currency Hedged MSCI Eurozone ETF           | iShares Currency Hedged MSCI Eurozone ETF                                                                          | CUSIP: 46434V639<br>LEI: 54930050U0OPYGNOU074 | Long             | EC               | RF                | US        |     63259 | NS      | $1757335.02   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Russell 1000 Dynamic Multifactor ETF        | Invesco Russell 1000 Dynamic Multifactor ETF                                                                       | CUSIP: 46138J619<br>LEI: 549300G6URT3APKHZ077 | Long             | EC               | RF                | US        |     26178 | NS      | $1124083.32   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-20

**Name of Applicant:** LAZARD FUNDS INC

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer