# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001410368-26-021514
**Filing Date:** 2026-3
**Character Count:** 34126
**Document Hash:** e5cde3a07d1b908a9e14f398822418fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021514.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021514

**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:** 26706145

**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 Emerging Markets Equity Portfolio (Series ID: S000010264)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028360 | Open Shares          | LZOEX           |
| C000028361 | Institutional Shares | LZEMX           |
| C000134185 | R6 Shares            | RLEMX           |

## 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 Emerging Markets Equity Portfolio

- **b. EDGAR series identifier (if any):** S000010264

- **c. LEI of Series:** 549300HZVLF9AIB17037

**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:** $6590132999.65

**Total Liabilities:** $11524688.20

**Net Assets:** $6578608311.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028360 | 5.63%                | 1.19%                | 2.93%                |
| Class ID C000028361 | 5.65%                | 1.19%                | 2.95%                |
| Class ID C000134185 | 5.69%                | 1.19%                | 2.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15512995.01             | $305398265.20                              |
| Month 2  | $57397708.87             | $7055772.35                                |
| Month 3  | $26466895.49             | $142610550.26                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| America Movil SAB de CV                       | America Movil SAB de CV                       | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |   4014660 | NS      | $82983022.20  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)   | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |  14717691 | NS      | $31495858.74  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                            | Banco do Brasil SA                            | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |  23517252 | NS      | $92527862.47  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV            | Grupo Financiero Banorte SAB de CV            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |  10428737 | NS      | $96680458.41  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV            | Kimberly-Clark de Mexico SAB de CV            | CUSIP: 000000000<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |  25851895 | NS      | $55127739.44  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                        | Grupo Mexico SAB de CV                        | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   1514975 | NS      | $14304661.90  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV    | Grupo Aeroportuario del Pacifico SAB de CV    | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    378229 | NS      | $99712511.27  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                   | Infosys Ltd                                   | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |   4564560 | NS      | $81340459.20  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)   | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |  13135675 | NS      | $28074497.24  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Ltd                                     | ASMPT Ltd                                     | CUSIP: 000000000<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |   5031400 | NS      | $50070275.10  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile TeleSystems PJSC                       | Mobile TeleSystems PJSC                       | CUSIP: 607409109<br>LEI: 2534008FX8EXH1FMJA74 | Long             | EC               | CORP              | RU        |   4695624 | NS      | $4.70         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Anhui Conch Cement Co Ltd                     | Anhui Conch Cement Co Ltd                     | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |  20682951 | NS      | $58507172.37  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd                             | Bidvest Group Ltd                             | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |   5478846 | NS      | $78530863.79  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hengan International Group Co Ltd             | Hengan International Group Co Ltd             | CUSIP: 000000000<br>LEI: 836800BJ50PZSWGXZA86 | Long             | EC               | CORP              | KY        |  13118000 | NS      | $46966889.81  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Computer Inc                           | Quanta Computer Inc                           | CUSIP: 000000000<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |  12088000 | NS      | $104641763.97 | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd                                  | Coway Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    331126 | NS      | $19986790.07  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                     | KT&G Corp                                     | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |    458539 | NS      | $45148064.52  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd                              | Lenovo Group Ltd                              | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |  50136000 | NS      | $59448719.97  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                        | United Tractors Tbk PT                        | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |  26154400 | NS      | $46265155.75  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp                 | Novatek Microelectronics Corp                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |   3873000 | NS      | $46000777.89  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                  | MediaTek Inc                                  | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |   2416000 | NS      | $109472761.18 | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                | Shinhan Financial Group Co Ltd                | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |   2113102 | NS      | $112765320.27 | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co Ltd                          | Hyundai Mobis Co Ltd                          | CUSIP: 000000000<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |    237599 | NS      | $61563692.93  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                  | SK hynix Inc                                  | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    572986 | NS      | $259462612.27 | 3.94%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc | International Container Terminal Services Inc | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |   6268900 | NS      | $60107802.89  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                      | Kia Corp                                      | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |    933536 | NS      | $78637893.22  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                       | KT Corp                                       | CUSIP: 000000000<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |   1487002 | NS      | $54301678.71  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd                             | Nedbank Group Ltd                             | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |   5490606 | NS      | $88132586.54  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                   | Bank Mandiri Persero Tbk PT                   | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        | 311812984 | NS      | $95355168.67  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                          | Weichai Power Co Ltd                          | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |  30299288 | NS      | $72923051.89  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                              | Kasikornbank PCL                              | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |  10034454 | NS      | $61948938.36  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd     | Taiwan Semiconductor Manufacturing Co Ltd     | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   6103913 | NS      | $298196766.46 | 4.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp            | Tingyi Cayman Islands Holding Corp            | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |  43206000 | NS      | $65392222.99  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp                                    | Yageo Corp                                    | CUSIP: 000000000<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |   7290076 | NS      | $53396768.10  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                       | OPAP SA                                       | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |   3220988 | NS      | $72281539.58  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT               | Telkom Indonesia Persero Tbk PT               | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   4672728 | NS      | $98360924.40  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras            | Petroleo Brasileiro SA - Petrobras            | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |   5251111 | NS      | $62225665.35  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                 | OTP Bank Nyrt                                 | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |    974059 | NS      | $104366559.42 | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB Ltd                                       | SLB Ltd                                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   2040114 | NS      | $78299575.32  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium SA                                    | Ternium SA                                    | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |   1269763 | NS      | $48492248.97  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                       | Vale SA                                       | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   6568615 | NS      | $85589053.45  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD GOVT MNY MMKT INS                      | LAZARD GOVT MNY MMKT INS                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 251512670 | NS      | $251512670.04 | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA                  | Gaztransport Et Technigaz SA                  | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |    240773 | NS      | $44172726.24  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                                 | Axis Bank Ltd                                 | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |   3394037 | NS      | $48044148.36  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                           | State Bank of India                           | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |   3930855 | NS      | $42958268.31  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co Ltd                        | ENN Natural Gas Co Ltd                        | CUSIP: 000000000<br>LEI: 300300KVDMGNQNP52Z98 | Long             | EC               | CORP              | CN        |  22132465 | NS      | $65750135.64  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie Brasil Energia SA                       | Engie Brasil Energia SA                       | CUSIP: 000000000<br>LEI: 52990057Q0EK2Q9YBC07 | Long             | EC               | CORP              | BR        |   8121100 | NS      | $46868106.70  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                 | ASE Technology Holding Co Ltd                 | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |  22042000 | NS      | $174738948.52 | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                    | National Bank of Greece SA                    | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |   6002640 | NS      | $91429897.21  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA        | Motiva Infraestrutura de Mobilidade SA        | CUSIP: 000000000<br>LEI: 254900H4EUL83CCQ6781 | Long             | EC               | CORP              | BR        |  20848517 | NS      | $57054816.93  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd       | Ping An Insurance Group Co of China Ltd       | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |  12021000 | NS      | $101118723.75 | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                 | Tata Consultancy Services Ltd                 | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |   2680883 | NS      | $95836910.03  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                     | Suzano SA                                     | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |   4592000 | NS      | $43016511.86  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd                       | Standard Bank Group Ltd                       | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |   5820825 | NS      | $102286122.53 | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar AS                     | BIM Birlesik Magazalar AS                     | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |   4565180 | NS      | $57168055.25  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                                       | UPL Ltd                                       | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |   8598544 | NS      | $76080567.74  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                    | Sanlam Ltd                                    | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |  14003116 | NS      | $83139111.75  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                  | China Construction Bank Corp                  | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        | 146880224 | NS      | $144755710.18 | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL              | PTT Exploration & Production PCL              | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |   9885000 | NS      | $35454848.44  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                   | China Merchants Bank Co Ltd                   | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |  14475494 | NS      | $97893577.11  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd                            | Kumba Iron Ore Ltd                            | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |   1605958 | NS      | $34040719.97  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosideng International Holdings Ltd           | Bosideng International Holdings Ltd           | CUSIP: 000000000<br>LEI: 254900G7F1RDM4B3S169 | Long             | EC               | CORP              | KY        |  77656000 | NS      | $44452474.80  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Want Want China Holdings Ltd                  | Want Want China Holdings Ltd                  | CUSIP: 000000000<br>LEI: 5299005HZCEKX4O1J230 | Long             | EC               | CORP              | KY        |  80027000 | NS      | $47719873.78  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                        | KB Financial Group Inc                        | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |   1240859 | NS      | $107269874.36 | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co Ltd                        | Sinopharm Group Co Ltd                        | CUSIP: 000000000<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |  33218814 | NS      | $82705371.26  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Healthcare Group Holdings Ltd            | Life Healthcare Group Holdings Ltd            | CUSIP: 000000000<br>LEI: 529900NEEWARTDD80135 | Long             | EC               | CORP              | ZA        |  56542778 | NS      | $38894820.95  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                       | Sberbank of Russia PJSC                       | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |  13596421 | NS      | $13.60        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vodacom Group Ltd                             | Vodacom Group Ltd                             | CUSIP: 000000000<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |   9614383 | NS      | $82036569.19  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Medical System Holdings Ltd             | China Medical System Holdings Ltd             | CUSIP: 000000000<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |  28409000 | NS      | $47007515.62  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk PT                    | Astra International Tbk PT                    | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        | 171876300 | NS      | $69049798.13  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd                              | Indus Towers Ltd                              | CUSIP: 000000000<br>LEI: 335800L6DI4VHODGDK41 | Long             | EC               | CORP              | IN        |  24023114 | NS      | $111967839.69 | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                | BB Seguridade Participacoes SA                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  15717817 | NS      | $103575699.90 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                            | Midea Group Co Ltd                            | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |   7367099 | NS      | $82361504.90  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                   | MOL Hungarian Oil & Gas PLC                   | CUSIP: 000000000<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |   6680564 | NS      | $60030150.06  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp                                   | Wiwynn Corp                                   | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |    847000 | NS      | $119992618.25 | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| DaShenLin Pharmaceutical Group Co Ltd         | DaShenLin Pharmaceutical Group Co Ltd         | CUSIP: 000000000<br>LEI: 300300TO4U1GUOTTHK82 | Long             | EC               | CORP              | CN        |  20415365 | NS      | $51453807.18  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                     | Alibaba Group Holding Ltd                     | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   3890200 | NS      | $71196097.89  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                   | NetEase Inc                                   | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |   1929100 | NS      | $53087054.03  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                          | Tencent Holdings Ltd                          | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    518200 | NS      | $39708234.12  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                     | InPost SA                                     | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |   5450135 | NS      | $66757353.24  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                         | Rede D'Or Sao Luiz SA                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   5373300 | NS      | $39789409.32  | 0.60%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Huayu Automotive Systems Co Ltd               | Huayu Automotive Systems Co Ltd               | CUSIP: 000000000<br>LEI: 3003001J2BNVV78BOT83 | Long             | EC               | CORP              | CN        |  16907200 | NS      | $48394829.21  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Vibra Energia SA                              | Vibra Energia SA                              | CUSIP: 000000000<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |  20041878 | NS      | $94250594.68  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Globalwafers Co Ltd                           | Globalwafers Co Ltd                           | CUSIP: 000000000<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |   4602000 | NS      | $59074596.17  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                  | Unilever PLC                                  | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    833511 | NS      | $54633879.38  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                | PRIO SA/Brazil                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   7061600 | NS      | $53143481.09  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcos Dorados Holdings Inc                    | Arcos Dorados Holdings Inc                    | CUSIP: 000000000<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |   4790446 | NS      | $35161873.64  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                 | Credicorp Ltd                                 | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |    195820 | NS      | $56200340.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Russian Ruble                                 | Russian Ruble                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            |  |  | RU        |        -0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | 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