# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046504
**Filing Date:** 2023-2
**Character Count:** 34373
**Document Hash:** 8d4344413c139b72071c3d111ad55232
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046504.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046504

**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:** 23682545

**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 International Small Cap Equity Portfolio (Series ID: S000010263)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028358 | Open Shares          | LZSMX           |
| C000028359 | Institutional Shares | LZISX           |

## 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 International Small Cap Equity Portfolio

- **b. EDGAR series identifier (if any):** S000010263

- **c. LEI of Series:** 549300CCQ3OYFFCNUL42

**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:** $14708236.14

**Total Liabilities:** $40829.54

**Net Assets:** $14667406.60

**Cash Not Reported:** $1883.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028358 | 4.93%                | 12.66%               | -2.09%               |
| Class ID C000028359 | 4.93%                | 12.68%               | -2.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-68377.37               | $759500.05                                 |
| Month 2  | $-262154.55              | $1965144.81                                |
| Month 3  | $-18250.67               | $-319378.11                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Domino's Pizza Enterprises Ltd                | Domino's Pizza Enterprises Ltd                        | CUSIP: 000000000<br>LEI: 54930034RFI409JZ3179 | Long             | EC               | CORP              | AU        |      2591 | NS      | $116697.98    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                            | Weir Group PLC/The                                    | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |      7847 | NS      | $157481.00    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SmartGroup Corp Ltd                           | SmartGroup Corp Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     33352 | NS      | $115699.32    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Kemira Oyj                                    | Kemira Oyj                                            | CUSIP: 000000000<br>LEI: 74370031Y7RK5H88CQ48 | Long             | EC               | CORP              | FI        |     12418 | NS      | $190973.87    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sesa SpA                                      | Sesa SpA                                              | CUSIP: 000000000<br>LEI: 81560005C031D4E76707 | Long             | EC               | CORP              | IT        |      1363 | NS      | $169902.96    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Azelis Group NV                               | Azelis Group NV                                       | CUSIP: 000000000<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |      4603 | NS      | $130522.60    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiyo Yuden Co Ltd                            | Taiyo Yuden Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800V9G3X5PLB9AD43 | Long             | EC               | CORP              | JP        |      4400 | NS      | $128319.30    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Ariake Japan Co Ltd                           | Ariake Japan Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800PBX8D0J0H60M72 | Long             | EC               | CORP              | JP        |      3800 | NS      | $125681.66    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Crayon Group Holding ASA                      | Crayon Group Holding ASA                              | CUSIP: 000000000<br>LEI: 5967007LIEEXZXI98043 | Long             | EC               | CORP              | NO        |     16240 | NS      | $166063.61    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sirius Real Estate Ltd                        | Sirius Real Estate Ltd                                | CUSIP: 000000000<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               | CORP              | GG        |    187935 | NS      | $167457.55    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RS GROUP PLC                                  | RS GROUP PLC                                          | CUSIP: 000000000<br>LEI: 549300KVXDURRKVW7R37 | Long             | EC               | CORP              | GB        |     14784 | NS      | $160263.60    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BRP Inc                                       | BRP Inc                                               | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |      1713 | NS      | $130600.44    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA                  | Gaztransport Et Technigaz SA                          | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      1731 | NS      | $184933.83    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tate & Lyle PLC                               | Tate & Lyle PLC                                       | CUSIP: 000000000<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |     14151 | NS      | $121548.02    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Kohden Corp                             | Nihon Kohden Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8300 | NS      | $202519.02    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                   | Italgas SpA                                           | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     41102 | NS      | $227914.86    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Cibus Nordic Real Estate AB                   | Cibus Nordic Real Estate AB                           | CUSIP: 000000000<br>LEI: 549300PW36MFK96GCR23 | Long             | EC               | CORP              | SE        |      7850 | NS      | $108126.80    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                              | MISUMI Group Inc                                      | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |      7300 | NS      | $160020.62    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Covestro AG                                   | Covestro AG                                           | CUSIP: 000000000<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |      4920 | NS      | $192485.99    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadis NV                                    | Arcadis NV                                            | CUSIP: 000000000<br>LEI: 7245000UZH70GO047N03 | Long             | EC               | CORP              | NL        |      6955 | NS      | $273726.27    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| AUB Group Ltd                                 | AUB Group Ltd                                         | CUSIP: 000000000<br>LEI: 5493005X7SUBQF3OEG82 | Long             | EC               | CORP              | AU        |     14956 | NS      | $229162.56    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Stelco Holdings Inc                           | Stelco Holdings Inc                                   | CUSIP: 858522105<br>LEI: 549300K1TSD2M8EKF208 | Long             | EC               | CORP              | CA        |      7634 | NS      | $249711.86    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                                 | Akzo Nobel NV                                         | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |      2178 | NS      | $145329.31    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| USS Co Ltd                                    | USS Co Ltd                                            | CUSIP: 000000000<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |     12100 | NS      | $191756.68    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                          | ASM International NV                                  | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |       424 | NS      | $107340.18    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Trisura Group Ltd                             | Trisura Group Ltd                                     | CUSIP: 89679A209<br>LEI: 549300S7H452RZFP8305 | Long             | EC               | CORP              | CA        |      3109 | NS      | $103993.06    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Britvic PLC                                   | Britvic PLC                                           | CUSIP: 000000000<br>LEI: 635400L3NVMYD4BVCI53 | Long             | EC               | CORP              | GB        |     14319 | NS      | $134645.61    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnoPro Holdings Inc                        | TechnoPro Holdings Inc                                | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |      7035 | NS      | $185989.70    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Science Reit PLC                         | Life Science Reit PLC                                 | CUSIP: 000000000<br>LEI: 213800RG7JNX7K8F7525 | Long             | EC               |  | GB        |    152664 | NS      | $133467.22    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Dalata Hotel Group PLC                        | Dalata Hotel Group PLC                                | CUSIP: 000000000<br>LEI: 635400L2CWET7ONOBJ04 | Long             | EC               | CORP              | IE        |     43821 | NS      | $152746.36    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                  | State Street Institutional Treasury Money Market Fund | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |    321509 | NS      | $321509.33    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiseki Co Ltd                                | Daiseki Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6520 | NS      | $224503.71    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Bell System24 Holdings Inc                    | Bell System24 Holdings Inc                            | CUSIP: 000000000<br>LEI: 353800JZJDPUWIH3M649 | Long             | EC               | CORP              | JP        |     18000 | NS      | $186881.07    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage SA                      | Shurgard Self Storage SA                              | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | LU        |      4184 | NS      | $192324.05    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Smart Metering Systems PLC                    | Smart Metering Systems PLC                            | CUSIP: 000000000<br>LEI: 213800FGOUFSDPE33S71 | Long             | EC               | CORP              | GB        |     14694 | NS      | $138921.23    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| JAFCO Group Co ltd                            | JAFCO Group Co ltd                                    | CUSIP: 000000000<br>LEI: 353800R7EWCVA2488G32 | Long             | EC               | CORP              | JP        |     13500 | NS      | $229497.62    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Genuit Group PLC                              | Genuit Group PLC                                      | CUSIP: 000000000<br>LEI: 2138005IF1N2RKJ6KO18 | Long             | EC               | CORP              | GB        |     31520 | NS      | $107100.12    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co Ltd                       | Open House Group Co Ltd                               | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |      4300 | NS      | $155970.89    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ALS Ltd                                       | ALS Ltd                                               | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |     18406 | NS      | $153072.67    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Trend Micro Inc/Japan                         | Trend Micro Inc/Japan                                 | CUSIP: 000000000<br>LEI: 3538005O5UJ5RNAGVE16 | Long             | EC               | CORP              | JP        |      3200 | NS      | $149639.34    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                      | CTS Eventim AG & Co KGaA                              | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |      2390 | NS      | $152463.09    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Persol Holdings Co Ltd                        | Persol Holdings Co Ltd                                | CUSIP: 000000000<br>LEI: 3538000H6OI725NB2008 | Long             | EC               | CORP              | JP        |      6700 | NS      | $142286.31    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| GUD Holdings Ltd                              | GUD Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 254900KHH5GGEGUIZS22 | Long             | EC               | CORP              | AU        |     27449 | NS      | $141456.86    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO internet group Inc                        | GMO internet group Inc                                | CUSIP: 000000000<br>LEI: 529900BFZEY3BESHBW90 | Long             | EC               | CORP              | JP        |      8700 | NS      | $163396.36    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Schoeller-Bleckmann Oilfield Equipment AG     | Schoeller-Bleckmann Oilfield Equipment AG             | CUSIP: 000000000<br>LEI: 549300ZD9ED8GSG3JW36 | Long             | EC               | CORP              | AT        |      1778 | NS      | $111166.24    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                      | ICON PLC                                              | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |       753 | NS      | $146270.25    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC                         | JD Sports Fashion PLC                                 | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |     90669 | NS      | $138403.40    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group PLC                            | Volution Group PLC                                    | CUSIP: 000000000<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |     34173 | NS      | $150076.32    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                         | Auto Trader Group PLC                                 | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |     20303 | NS      | $126696.36    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                          | Galp Energia SGPS SA                                  | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     10151 | NS      | $137357.78    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/The               | Descartes Systems Group Inc/The                       | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      1455 | NS      | $101430.91    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTERIA Networks Corp                         | ARTERIA Networks Corp                                 | CUSIP: 000000000<br>LEI: 353800EX93NBF7DHNR51 | Long             | EC               | CORP              | JP        |     16600 | NS      | $156577.90    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tinexta Spa                                   | Tinexta Spa                                           | CUSIP: 000000000<br>LEI: 815600925CD848EDBA96 | Long             | EC               | CORP              | IT        |      7703 | NS      | $188548.60    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| IG Group Holdings PLC                         | IG Group Holdings PLC                                 | CUSIP: 000000000<br>LEI: 2138003A5Q1M7ANOUD76 | Long             | EC               | CORP              | GB        |     12457 | NS      | $117838.41    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                              | Coca-Cola HBC AG                                      | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |      5578 | NS      | $133141.92    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                     | Logitech International SA                             | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      3242 | NS      | $201221.86    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                  | Bankinter SA                                          | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |     39671 | NS      | $265868.71    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                | BAWAG Group AG                                        | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      6313 | NS      | $335666.55    | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Gildan Activewear Inc                         | Gildan Activewear Inc                                 | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      3927 | NS      | $107542.95    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Allfunds Group Plc                            | Allfunds Group Plc                                    | CUSIP: 000000000<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |     12387 | NS      | $86556.29     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Gas Co Ltd                             | Nippon Gas Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300N3DC5V2XON9C60 | Long             | EC               | CORP              | JP        |     16000 | NS      | $251913.24    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Hensoldt AG                                   | Hensoldt AG                                           | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |      8809 | NS      | $208450.19    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                                   | Aalberts NV                                           | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |      4917 | NS      | $191154.65    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Uniphar PLC                                   | Uniphar PLC                                           | CUSIP: 000000000<br>LEI: 21380028LJSQGRUAX965 | Long             | EC               | CORP              | IE        |     35343 | NS      | $116669.62    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                   | Moncler SpA                                           | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |      3021 | NS      | $160809.86    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shinyaku Co Ltd                        | Nippon Shinyaku Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2600 | NS      | $148135.85    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JOST Werke AG                                 | JOST Werke AG                                         | CUSIP: 000000000<br>LEI: 529900G977BSS7DATK68 | Long             | EC               | CORP              | DE        |      4475 | NS      | $251549.73    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Recticel SA                                   | Recticel SA                                           | CUSIP: 000000000<br>LEI: 549300R8K43AXHYP5M15 | Long             | EC               | CORP              | BE        |      9081 | NS      | $151583.60    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                             | Royal Unibrew A/S                                     | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |      2333 | NS      | $166648.67    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIXTRON SE                                    | AIXTRON SE                                            | CUSIP: 000000000<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |      4346 | NS      | $125496.72    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Roland Corp                                   | Roland Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5100 | NS      | $135182.72    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd                                  | Hulic Co Ltd                                          | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |     27800 | NS      | $218790.52    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Freightways Ltd                               | Freightways Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     22885 | NS      | $140335.17    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                         | National Storage REIT                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     64704 | NS      | $101754.11    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co                        | MatsukiyoCocokara & Co                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5900 | NS      | $296642.15    | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zenkoku Hosho Co Ltd                          | Zenkoku Hosho Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800VOQEKTSCSL9O03 | Long             | EC               | CORP              | JP        |      5842 | NS      | $223718.26    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ConvaTec Group PLC                            | ConvaTec Group PLC                                    | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |     79877 | NS      | $224604.94    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Lindab International AB                       | Lindab International AB                               | CUSIP: 000000000<br>LEI: 54930085MH6IRQ1JP227 | Long             | EC               | CORP              | SE        |      9137 | NS      | $111986.60    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 PLC                                      | JET2 PLC                                              | CUSIP: 000000000<br>LEI: I72RQ3PNLDPW8R7JIJ56 | Long             | EC               | CORP              | GB        |     14428 | NS      | $167443.97    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dream Industrial Real Estate Investment Trust | Dream Industrial Real Estate Investment Trust         | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               |  | CA        |     14912 | NS      | $128745.41    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Marlowe PLC                                   | Marlowe PLC                                           | CUSIP: 000000000<br>LEI: 213800ZWSR4SBOM6B608 | Long             | EC               | CORP              | GB        |     17224 | NS      | $97871.01     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Trusco Nakayama Corp                          | Trusco Nakayama Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8000 | NS      | $122740.21    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd                      | Israel Discount Bank Ltd                              | CUSIP: 000000000<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |     16159 | NS      | $84926.50     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Rorze Corp                                    | Rorze Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1700 | NS      | $92026.70     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Relo Group Inc                                | Relo Group Inc                                        | CUSIP: 000000000<br>LEI: 353800T595XRZDA8IB59 | Long             | EC               | CORP              | JP        |     14400 | NS      | $232946.49    | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                      | JUMBO SA                                              | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     13537 | NS      | $231087.19    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Stabilus SE                                   | Stabilus SE                                           | CUSIP: 000000000<br>LEI: 529900JOSL94HJN4VZ28 | Long             | EC               | CORP              | DE        |      2282 | NS      | $153592.19    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JTC PLC                                       | JTC PLC                                               | CUSIP: 000000000<br>LEI: 213800DVUG4KLF2ASK33 | Long             | EC               | CORP              | JE        |     24484 | NS      | $221398.42    | 1.51%             |  |  |  | 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