# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046498
**Filing Date:** 2023-2
**Character Count:** 66718
**Document Hash:** 0854c2c1a23083c625673de2a0abcf7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046498.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046498

**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:** 23682543

**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 Managed Equity Volatility Portfolio (Series ID: S000049416)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000156258 | Institutional Shares | MEVIX           |
| C000156259 | Open Shares          | MEVOX           |

## 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 Managed Equity Volatility Portfolio

- **b. EDGAR series identifier (if any):** S000049416

- **c. LEI of Series:** 54930017MBF2TZ0POQ56

**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:** $28875554.31

**Total Liabilities:** $81658.98

**Net Assets:** $28793895.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000156258 | 6.36%                | 6.67%                | -1.40%               |
| Class ID C000156259 | 6.38%                | 6.60%                | -1.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-26497.45               | $1695285.15                                |
| Month 2  | $-192072.65              | $2034723.75                                |
| Month 3  | $-19685.26               | $-574879.51                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SoftBank Corp                                | SoftBank Corp                                | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |      6100 | NS      | $68971.16     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc               | American Electric Power Co Inc               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2228 | NS      | $211548.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                   | Kforce Inc                                   | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      1368 | NS      | $75007.44     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc           | MS&AD Insurance Group Holdings Inc           | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |      3000 | NS      | $96018.02     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AMN Healthcare Services Inc                  | AMN Healthcare Services Inc                  | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      1194 | NS      | $122767.08    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sankyo Co Ltd                                | Sankyo Co Ltd                                | CUSIP: 000000000<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |      7000 | NS      | $286615.15    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LXI REIT Plc                                 | LXI REIT Plc                                 | CUSIP: 000000000<br>LEI: 2138008YZGXOKAXQVI45 | Long             | EC               |  | GB        |     24283 | NS      | $33027.96     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Jack Henry & Associates Inc                  | Jack Henry & Associates Inc                  | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |       390 | NS      | $68468.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                   | Vertex Pharmaceuticals Inc                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       707 | NS      | $204167.46    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                       | Sirius XM Holdings Inc                       | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |     11608 | NS      | $67790.72     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2231 | NS      | $394106.15    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                              | McDonald's Corp                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1357 | NS      | $357610.21    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Atco Ltd/Canada                              | Atco Ltd/Canada                              | CUSIP: 046789400<br>LEI: 5299005SPZ1QYL51JD25 | Long             | EC               | CORP              | CA        |      2188 | NS      | $68484.08     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                          | Virtu Financial Inc                          | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |      3148 | NS      | $64250.68     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                       | UnitedHealth Group Inc                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       265 | NS      | $140497.70    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc              | Philip Morris International Inc              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       966 | NS      | $97768.86     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bezeq The Israeli Telecommunication Corp Ltd | Bezeq The Israeli Telecommunication Corp Ltd | CUSIP: 000000000<br>LEI: 213800XCGZCFSWY9U863 | Long             | EC               | CORP              | IL        |     37332 | NS      | $64405.33     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd             | Singapore Telecommunications Ltd             | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     33300 | NS      | $63931.13     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| General Mills Inc                            | General Mills Inc                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      2786 | NS      | $233606.10    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                  | Paychex Inc                                  | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1553 | NS      | $179464.68    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sembcorp Industries Ltd                      | Sembcorp Industries Ltd                      | CUSIP: 000000000<br>LEI: 254900J0FF14U6TPQM96 | Long             | EC               | CORP              | SG        |     29000 | NS      | $73012.08     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     10429 | NS      | $526132.47    | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co Ltd                  | Japan Post Insurance Co Ltd                  | CUSIP: 000000000<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |      4900 | NS      | $86234.73     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Kohden Corp                            | Nihon Kohden Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6500 | NS      | $158599.23    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Everest Re Group Ltd                         | Everest Re Group Ltd                         | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       453 | NS      | $150065.31    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd                  | Daiwa House Industry Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2700 | NS      | $61953.89     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Yancoal Australia Ltd                        | Yancoal Australia Ltd                        | CUSIP: 000000000<br>LEI: 3003003IC6G39HKQAD13 | Long             | EC               | CORP              | AU        |     35843 | NS      | $146448.43    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                         | WEC Energy Group Inc                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       600 | NS      | $56256.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                        | 3M Co                                        | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       529 | NS      | $63437.68     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                    | Shell PLC                                    | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      6107 | NS      | $173547.01    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| ABC-Mart Inc                                 | ABC-Mart Inc                                 | CUSIP: 000000000<br>LEI: 353800AXWW4CMTSJWL33 | Long             | EC               | CORP              | JP        |      4400 | NS      | $249888.96    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| H&R Block Inc                                | H&R Block Inc                                | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      2218 | NS      | $80979.18     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                             | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1686 | NS      | $228284.32    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd                                    | Chubb Ltd                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       540 | NS      | $119124.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      3450 | NS      | $241879.50    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                 | Comcast Corp                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      1660 | NS      | $58050.20     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                   | Amdocs Ltd                                   | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |      4676 | NS      | $425048.40    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                  | Dropbox Inc                                  | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      2967 | NS      | $66401.46     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                    | Orange SA                                    | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     37029 | NS      | $368193.96    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tetra Tech Inc                               | Tetra Tech Inc                               | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |       743 | NS      | $107876.17    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc/CN                                 | Metro Inc/CN                                 | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |      6907 | NS      | $382435.59    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                   | Qualys Inc                                   | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |       597 | NS      | $67001.31     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | Corteva Inc                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      1399 | NS      | $82233.22     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy Inc                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      3922 | NS      | $96363.54     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                  | PepsiCo Inc                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2090 | NS      | $377579.40    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Matheson Holdings Ltd                | Jardine Matheson Holdings Ltd                | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |      1300 | NS      | $66102.11     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                        | Texas Instruments Inc                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       490 | NS      | $80957.80     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                | CME Group Inc                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       489 | NS      | $82230.24     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                  | Premier Inc                                  | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2031 | NS      | $71044.38     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       924 | NS      | $191970.24    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                    | Orkla ASA                                    | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |     20469 | NS      | $147887.18    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                             | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       571 | NS      | $179443.51    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      2357 | NS      | $98051.20     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc                                    | Canon Inc                                    | CUSIP: 000000000<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |      7100 | NS      | $153523.10    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Deutschland Holding AG            | Telefonica Deutschland Holding AG            | CUSIP: 000000000<br>LEI: 391200ECRPJ3SWQJUM30 | Long             | EC               | CORP              | DE        |     43163 | NS      | $106348.84    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health Inc                          | Elevance Health Inc                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       135 | NS      | $69250.95     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                             | Tokyo Gas Co Ltd                             | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |     22000 | NS      | $432494.53    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Telegraph & Telephone Corp            | Nippon Telegraph & Telephone Corp            | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |      8300 | NS      | $236915.82    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Serco Group PLC                              | Serco Group PLC                              | CUSIP: 000000000<br>LEI: 549300PT2CIHYN5GWJ21 | Long             | EC               | CORP              | GB        |     47402 | NS      | $88646.11     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc                                   | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       235 | NS      | $65076.20     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                   | Fiserv Inc                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      1081 | NS      | $109256.67    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                      | Procter & Gamble Co/The                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2713 | NS      | $411182.28    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                         | Lockheed Martin Corp                         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       157 | NS      | $76378.93     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc             | BJ's Wholesale Club Holdings Inc             | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1014 | NS      | $67086.24     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                     | United Therapeutics Corp                     | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       254 | NS      | $70634.86     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                | Industria de Diseno Textil SA                | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |      5377 | NS      | $143179.56    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd                       | Japan Post Bank Co Ltd                       | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |      9700 | NS      | $83344.24     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Service Corp International/US                | Service Corp International/US                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      2190 | NS      | $151416.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1440 | NS      | $147729.60    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                                   | Kellogg Co                                   | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      3897 | NS      | $277622.28    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                   | Pinnacle West Capital Corp                   | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |       739 | NS      | $56193.56     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                     | Willis Towers Watson PLC                     | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       372 | NS      | $90983.76     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co Ltd            | Electric Power Development Co Ltd            | CUSIP: 000000000<br>LEI: 549300KMHPUAQI8VEH90 | Long             | EC               | CORP              | JP        |     10400 | NS      | $165441.95    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management Inc                         | Waste Management Inc                         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2660 | NS      | $417300.80    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                      | GSK PLC                                      | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      4901 | NS      | $85227.45     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ICF International Inc                        | ICF International Inc                        | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |       720 | NS      | $71316.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                   | Cigna Corp                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       551 | NS      | $182568.34    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                | Sempra Energy                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |       418 | NS      | $64597.72     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                      | O'Reilly Automotive Inc                      | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       235 | NS      | $198347.05    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                              | CVS Health Corp                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2197 | NS      | $204738.43    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                              | EMCOR Group Inc                              | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       508 | NS      | $75239.88     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                            | Compass Group PLC                            | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |      3167 | NS      | $73179.71     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                               | Public Storage                               | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |       974 | NS      | $272905.06    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                           | Ingles Markets Inc                           | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |       749 | NS      | $72248.54     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                   | PACCAR Inc                                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       759 | NS      | $75118.23     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Spark New Zealand Ltd                        | Spark New Zealand Ltd                        | CUSIP: 000000000<br>LEI: 529900HUN51H3Y7QBB66 | Long             | EC               | CORP              | NZ        |     54039 | NS      | $185228.68    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                              | CMS Energy Corp                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      2497 | NS      | $158135.01    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Financiera Alba SA                      | Corp Financiera Alba SA                      | CUSIP: 000000000<br>LEI: 959800CJH35NNZQQW653 | Long             | EC               | CORP              | ES        |       442 | NS      | $20413.39     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV                            | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      3157 | NS      | $329777.35    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                             | Osaka Gas Co Ltd                             | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     11800 | NS      | $190855.23    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Sega Sammy Holdings Inc                      | Sega Sammy Holdings Inc                      | CUSIP: 000000000<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |      4400 | NS      | $66242.92     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Portland General Electric Co                 | Portland General Electric Co                 | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      1501 | NS      | $73549.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                      | Activision Blizzard Inc                      | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      1404 | NS      | $107476.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                      | Consolidated Edison Inc                      | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       746 | NS      | $71101.26     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Holdings Co Japan Ltd             | McDonald's Holdings Co Japan Ltd             | CUSIP: 000000000<br>LEI: 529900FY9FV0AYNRC729 | Long             | EC               | CORP              | JP        |      2300 | NS      | $87512.97     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                              | TJX Cos Inc/The                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1520 | NS      | $120992.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc                          | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       898 | NS      | $81673.10     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                             | Life Storage Inc                             | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |       877 | NS      | $86384.50     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                               | Hershey Co/The                               | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      1427 | NS      | $330450.39    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                   | Cadence Design Systems Inc                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       776 | NS      | $124656.64    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp            | Japan Real Estate Investment Corp            | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |        23 | NS      | $100734.01    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                           | Koninklijke KPN NV                           | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |     19486 | NS      | $60288.93     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hirose Electric Co Ltd                       | Hirose Electric Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       500 | NS      | $62544.02     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                               | Mastercard Inc                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       305 | NS      | $106057.65    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                        | Republic Services Inc                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2840 | NS      | $366331.60    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                     | AT&T Inc                                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     19714 | NS      | $362934.74    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hachijuni Bank Ltd/The                       | Hachijuni Bank Ltd/The                       | CUSIP: 000000000<br>LEI: FE70I3MHDCWOZWK19W48 | Long             | EC               | CORP              | JP        |     21200 | NS      | $88455.86     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd                   | Japan Post Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |     52200 | NS      | $440075.23    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                      | SSE PLC                                      | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |      3802 | NS      | $78419.68     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Building Fund Inc                     | Nippon Building Fund Inc                     | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |        26 | NS      | $116109.12    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Tobacco Inc                            | Japan Tobacco Inc                            | CUSIP: 000000000<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |     17400 | NS      | $351829.25    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Campbell Soup Co                             | Campbell Soup Co                             | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      2718 | NS      | $154246.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                           | Home Depot Inc/The                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       245 | NS      | $77385.70     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                                | Dillard's Inc                                | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       224 | NS      | $72396.80     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP Swiss Property AG                        | PSP Swiss Property AG                        | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      1295 | NS      | $152288.77    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Grand Canyon Education Inc                   | Grand Canyon Education Inc                   | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |       915 | NS      | $96678.90     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd                           | Honda Motor Co Ltd                           | CUSIP: 000000000<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |      5700 | NS      | $130325.68    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                | Koninklijke Ahold Delhaize NV                | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      2584 | NS      | $74248.35     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                          | Abbott Laboratories                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3924 | NS      | $430815.96    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Rengo Co Ltd                                 | Rengo Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10900 | NS      | $74878.00     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Cycle & Carriage Ltd                 | Jardine Cycle & Carriage Ltd                 | CUSIP: 000000000<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |      4800 | NS      | $102554.53    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| PNM Resources Inc                            | PNM Resources Inc                            | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      2403 | NS      | $117242.37    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                     | SLM Corp                                     | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3854 | NS      | $63976.40     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                          | Cal-Maine Foods Inc                          | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      2188 | NS      | $119136.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL Ltd                                      | CSL Ltd                                      | CUSIP: 000000000<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |       764 | NS      | $148972.98    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp                       | FUJIFILM Holdings Corp                       | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |      1500 | NS      | $75679.77     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc          | Sumitomo Mitsui Financial Group Inc          | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |      3000 | NS      | $120882.81    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                             | FirstEnergy Corp                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      2652 | NS      | $111224.88    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro One Ltd                                | Hydro One Ltd                                | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     11630 | NS      | $311536.26    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                  | Ameren Corp                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      1641 | NS      | $145917.72    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                   | Verizon Communications Inc                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     10804 | NS      | $425677.60    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       311 | NS      | $102698.42    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                       | Standard Chartered PLC                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     13712 | NS      | $102918.48    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                      | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |       715 | NS      | $214600.10    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                            | Flowers Foods Inc                            | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      7543 | NS      | $216785.82    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                          | Cardinal Health Inc                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1731 | NS      | $133061.97    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                       | AmerisourceBergen Corp                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1391 | NS      | $230502.61    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                         | Hermes International                         | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |        57 | NS      | $87958.96     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group Inc                             | Altria Group Inc                             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      2811 | NS      | $128490.81    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lawson Inc                                   | Lawson Inc                                   | CUSIP: 000000000<br>LEI: 529900IWO8XQO92PR233 | Long             | EC               | CORP              | JP        |      5100 | NS      | $195441.11    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd             | Oversea-Chinese Banking Corp Ltd             | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |      7800 | NS      | $70775.85     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamazaki Baking Co Ltd                       | Yamazaki Baking Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10700 | NS      | $128320.81    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      3490 | NS      | $97046.06     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Pacific Ltd                            | Swire Pacific Ltd                            | CUSIP: 000000000<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |      9000 | NS      | $78934.02     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone Inc                                 | AutoZone Inc                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        42 | NS      | $103579.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                   | Haleon PLC                                   | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |      6369 | NS      | $25475.25     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd                                 | Hulic Co Ltd                                 | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |      8500 | NS      | $66896.38     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Copart Inc                                   | Copart Inc                                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      1184 | NS      | $72093.76     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd          | White Mountains Insurance Group Ltd          | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |       119 | NS      | $168305.27    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson              | Telefonaktiebolaget LM Ericsson              | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |     13319 | NS      | $78001.00     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NVR Inc                                      | NVR Inc                                      | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        14 | NS      | $64576.12     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                          | Electronic Arts Inc                          | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       511 | NS      | $62433.98     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                | McKesson Corp                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       213 | NS      | $79900.56     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                            | U-Haul Holding Co                            | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      1413 | NS      | $77686.74     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                    | Keysight Technologies Inc                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1293 | NS      | $221193.51    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                | Kroger Co/The                                | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      2630 | NS      | $117245.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | Synopsys Inc                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       258 | NS      | $82376.82     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                 | Danaher Corp                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       240 | NS      | $63700.80     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                             | Haemonetics Corp                             | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |       895 | NS      | $70391.75     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                            | U-Haul Holding Co                            | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |       904 | NS      | $54411.76     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                    | KDDI Corp                                    | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |      7700 | NS      | $232725.73    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                | Regeneron Pharmaceuticals Inc                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       209 | NS      | $150791.41    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                      | Cboe Global Markets Inc                      | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       492 | NS      | $61731.24     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                | Automatic Data Processing Inc                | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       463 | NS      | $110592.18    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                     | Digital Realty Trust Inc                     | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |      1098 | NS      | $110096.46    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                       | Warehouses De Pauw CVA                       | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |      3141 | NS      | $89815.74     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Westamerica BanCorp                          | Westamerica BanCorp                          | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1640 | NS      | $96776.40     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                  | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |       847 | NS      | $76722.37     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                          | Kimberly-Clark Corp                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      3073 | NS      | $417159.75    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                            | National Grid PLC                            | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |      9475 | NS      | $113807.82    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Travelers Cos Inc/The                        | Travelers Cos Inc/The                        | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       931 | NS      | $174553.19    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                   | Charter Communications Inc                   | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       304 | NS      | $103086.40    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                               | Merck & Co Inc                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4143 | NS      | $459665.85    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                  | Equinix Inc                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |       302 | NS      | $197819.06    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                         | Colgate-Palmolive Co                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      4965 | NS      | $391192.35    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc/The             | Kansai Electric Power Co Inc/The             | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |      7400 | NS      | $71832.45     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                               | Eli Lilly & Co                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       672 | NS      | $245844.48    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                    | QIAGEN NV                                    | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      2909 | NS      | $146405.68    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Henry Schein Inc                             | Henry Schein Inc                             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      1258 | NS      | $100476.46    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       637 | NS      | $164161.27    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                  | Hologic Inc                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       917 | NS      | $68600.77     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp              | Old Republic International Corp              | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      2445 | NS      | $59046.75     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                      | Bristol-Myers Squibb Co                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      5167 | NS      | $371765.65    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                         | National Fuel Gas Co                         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3703 | NS      | $234399.90    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Loblaw Cos Ltd                               | Loblaw Cos Ltd                               | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      4222 | NS      | $373307.12    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                          | Gilead Sciences Inc                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5708 | NS      | $490031.80    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                            | HSBC Holdings PLC                            | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     22439 | NS      | $139940.13    | 0.49%             |  |  |  | No            |                  2 | 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