# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001410368-26-021455
**Filing Date:** 2026-3
**Character Count:** 24577
**Document Hash:** b5adc0aa2eaae5459f76a5b3ffb26ec4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021455.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021455

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD FUNDS INC
- **CENTRAL INDEX KEY:** 0000874964

**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:** 811-06312
- **FILM NUMBER:** 26706085

**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 Global Listed Infrastructure Portfolio (Series ID: S000027245)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000082231 | Institutional Shares | GLIFX           |
| C000082232 | Open Shares          | GLFOX           |

## 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 Global Listed Infrastructure Portfolio

- **b. EDGAR series identifier (if any):** S000027245

- **c. LEI of Series:** 2QU5TWCQY9IC4WFFTW94

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $11194036323.39

**Total Liabilities:** $28009148.62

**Net Assets:** $11166027174.77

**Cash Not Reported:** $11633.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000082231 | 2.69%                | 2.95%                | -0.71%               |
| Class ID C000082232 | 2.63%                | 2.90%                | -0.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $127312973.09            | $1407414.92                                |
| Month 2  | $38190683.44             | $283223969.22                              |
| Month 3  | $65162128.63             | $-59309204.02                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Tower Corp                             | American Tower Corp                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |   2930124 | NS      | $514441870.68 | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                        | CSX Corp                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |  11676183 | NS      | $423261633.75 | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co                    | Canadian National Railway Co                    | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |   5266970 | NS      | $520921771.52 | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                         | Consolidated Edison Inc                         | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |   3866240 | NS      | $383994956.80 | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                | Crown Castle Inc                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |   5833027 | NS      | $518381109.49 | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                  | PURCHASED USD / SOLD AUD                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-268148.30   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD CHF                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-101845.59   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                         | PURCHASED USD / SOLD CHF                        | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-62567.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                  | PURCHASED USD / SOLD CHF                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-23925.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                        | PURCHASED USD / SOLD CAD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-467417.51   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD CAD                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-195361.72   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                         | PURCHASED USD / SOLD CAD                        | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-181297.67   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                     | PURCHASED USD / SOLD CAD                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-192206.05   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD HKD                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $4454.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                        | PURCHASED USD / SOLD HKD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $243.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                         | PURCHASED USD / SOLD HKD                        | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $7863.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                  | PURCHASED USD / SOLD CAD                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-300421.52   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD HKD                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $572.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                  | PURCHASED USD / SOLD HKD                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $6828.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                            | PURCHASED USD / SOLD NZD                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $37004.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD NZD                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $202637.44    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD AUD                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-709643.27   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD AUD                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-138885.01   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                     | PURCHASED USD / SOLD AUD                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-815910.01   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                        | PURCHASED USD / SOLD AUD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-616521.79   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-978091.76   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                         | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-931293.84   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                            | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $-961862.29   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                  | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-901625.87   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce              | PURCHASED USD / SOLD GBP                        | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |         1 | NC      | $-1178995.74  | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                            | PURCHASED USD / SOLD GBP                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $-1713177.00  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                        | PURCHASED USD / SOLD GBP                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-1039315.84  | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD GBP                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-676958.85   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                | PURCHASED USD / SOLD GBP                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-1717515.13  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-961322.71   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce              | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |         1 | NC      | $-277544.42   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                     | PURCHASED USD / SOLD EUR                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-751293.34   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp                                     | Exelon Corp                                     | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |  11608142 | NS      | $505998909.78 | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                                | Transurban Group                                | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |  11445634 | NS      | $108244331.65 | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd                       | Power Assets Holdings Ltd                       | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |  56600430 | NS      | $400891528.77 | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Fraport AG Frankfurt Airport Services Worldwide | Fraport AG Frankfurt Airport Services Worldwide | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |   2216640 | NS      | $181338753.43 | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                        | Snam SpA                                        | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        | 121226042 | NS      | $805374986.47 | 7.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hera SpA                                        | Hera SpA                                        | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |  71933603 | NS      | $339395770.91 | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG                             | Flughafen Zurich AG                             | CUSIP: 000000000<br>LEI: 529900PFO97GCN5SYB55 | Long             | EC               | CORP              | CH        |    584875 | NS      | $185311493.74 | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| LAZARD GOVT MNY MMKT INS                        | LAZARD GOVT MNY MMKT INS                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 376051336 | NS      | $376051336.36 | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA            | Infrastrutture Wireless Italiane SpA            | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |  17123222 | NS      | $158677852.16 | 1.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Atlas Arteria Ltd                               | Atlas Arteria Ltd                               | CUSIP: 000000000<br>LEI: 254900SGF4ZQDBH2YC59 | Long             | EC               | CORP              | AU        |  68622116 | NS      | $223487932.42 | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                    | Ferrovial SE                                    | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |   7389972 | NS      | $477944586.44 | 4.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                     | Aena SME SA                                     | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |   2143971 | NS      | $60018005.49  | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SES SA                                          | SES SA                                          | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |  21121589 | NS      | $136697465.26 | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                | Terna - Rete Elettrica Nazionale                | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |  49420892 | NS      | $525506706.11 | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                      | Eiffage SA                                      | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |   1508920 | NS      | $216420148.29 | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                | Severn Trent PLC                                | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |  12654271 | NS      | $475707538.45 | 4.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                        | Vinci SA                                        | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |   6394714 | NS      | $897992340.96 | 8.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REN - Redes Energeticas Nacionais SGPS SA       | REN - Redes Energeticas Nacionais SGPS SA       | CUSIP: 000000000<br>LEI: 549300FR1FN48IGHR915 | Long             | EC               | CORP              | PT        |  25978002 | NS      | $98150753.74  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                      | United Utilities Group PLC                      | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |  29512220 | NS      | $474763901.48 | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                     | Italgas SpA                                     | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |  47636062 | NS      | $532635248.92 | 4.77%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                               | National Grid PLC                               | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |  60464252 | NS      | $931821813.86 | 8.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Auckland International Airport Ltd              | Auckland International Airport Ltd              | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |  11699257 | NS      | $56088058.02  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                | Pennon Group PLC                                | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |  26547011 | NS      | $188298785.25 | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                              | Cellnex Telecom SA                              | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |   4182087 | NS      | $134523342.25 | 1.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CK Infrastructure Holdings Ltd                  | CK Infrastructure Holdings Ltd                  | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |  38467972 | NS      | $284698931.56 | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-16

**Name of Applicant:** LAZARD FUNDS INC

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer