# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-25-196759
**Filing Date:** 2025-8
**Character Count:** 34662
**Document Hash:** 7905316dc6885d9e17c354520ded3a3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-196759.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001752724-25-196759

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**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:** 251239709

**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:** 2025-06-30

**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:** $4115669444.99

**Total Liabilities:** $11676141.65

**Net Assets:** $4103993303.34

**Cash Not Reported:** $3188024.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028360 | 2.54%                | 4.06%                | 6.14%                |
| Class ID C000134185 | 2.57%                | 4.10%                | 6.15%                |
| Class ID C000028361 | 2.57%                | 4.10%                | 6.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28047246.61             | $43725430.82                               |
| Month 2  | $-2589754.37             | $127756911.77                              |
| Month 3  | $8524891.53              | $202385547.50                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vodacom Group Ltd                             | Vodacom Group Ltd                                          | CUSIP: 000000000<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |   7112031 | NS      | $54965279.81  | 1.34%             |  |  |  | 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        |   8891000 | NS      | $56604395.57  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                            | Banco do Brasil SA                                         | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |  13576752 | NS      | $55200613.22  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                        | Grupo Mexico SAB de CV                                     | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   7154585 | NS      | $43336626.67  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd                                 | Axis Bank Ltd                                              | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |   2242656 | NS      | $31346920.92  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| China Medical System Holdings Ltd             | China Medical System Holdings Ltd                          | CUSIP: 000000000<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |  35683000 | NS      | $54656212.87  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                    | FIXED INC CLEARING CORP.REPO                               | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        | 116410000 | PA      | $116410000.00 | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                     | Suzano SA                                                  | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |   2667100 | NS      | $25138906.15  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp            | Tingyi Cayman Islands Holding Corp                         | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |  32270000 | NS      | $47307537.58  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                      | Kia Corp                                                   | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |    490316 | NS      | $35106144.80  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger NV                               | Schlumberger NV                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   1213075 | NS      | $41001935.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd                            | Midea Group Co Ltd                                         | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |   4510099 | NS      | $45382673.71  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co Ltd                          | Hyundai Mobis Co Ltd                                       | CUSIP: 000000000<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |    175759 | NS      | $37288376.73  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                     | KT&G Corp                                                  | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |    339196 | NS      | $32067080.24  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Huayu Automotive Systems Co Ltd               | Huayu Automotive Systems Co Ltd                            | CUSIP: 000000000<br>LEI: 3003001J2BNVV78BOT83 | Long             | EC               | CORP              | CN        |  12507348 | NS      | $30809781.20  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie Brasil Energia SA                       | Engie Brasil Energia SA                                    | CUSIP: 000000000<br>LEI: 52990057Q0EK2Q9YBC07 | Long             | EC               | CORP              | BR        |   4291400 | NS      | $35867639.84  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar AS                     | BIM Birlesik Magazalar AS                                  | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |   2366971 | NS      | $29603289.10  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp                 | Novatek Microelectronics Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |   2862000 | NS      | $53419550.37  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                   | MOL Hungarian Oil & Gas PLC                                | CUSIP: 000000000<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |   4941800 | NS      | $43028855.44  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd                              | Indus Towers Ltd                                           | CUSIP: 000000000<br>LEI: 335800L6DI4VHODGDK41 | Long             | EC               | CORP              | IN        |  18234128 | NS      | $89563384.75  | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                 | Tata Consultancy Services Ltd                              | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    678251 | NS      | $27389839.41  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                       | KT Corp                                                    | CUSIP: 000000000<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |   1094793 | NS      | $45192275.72  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                          | Weichai Power Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |  27603288 | NS      | $56156398.88  | 1.37%             |  |  |  | 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      |
| OPAP SA                                       | OPAP SA                                                    | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |   1196726 | NS      | $27174165.94  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                 | ASE Technology Holding Co Ltd                              | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |  14753000 | NS      | $73914782.44  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                 | OTP Bank Nyrt                                              | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |   1033488 | NS      | $82552573.28  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances Inc of Zhuhai        | Gree Electric Appliances Inc of Zhuhai                     | CUSIP: 000000000<br>LEI: 655600UY069MU9JRAN62 | Long             | EC               | CORP              | CN        |   4183276 | NS      | $26257015.02  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)                | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |  11941523 | NS      | $20068899.67  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                  | MediaTek Inc                                               | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |   1610000 | NS      | $68549558.40  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)                | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |   6789321 | NS      | $11406059.28  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV                       | America Movil SAB de CV                                    | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |   2969763 | NS      | $53277548.22  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                    | National Bank of Greece SA                                 | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |   4892554 | NS      | $62552129.22  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| DaShenLin Pharmaceutical Group Co Ltd         | DaShenLin Pharmaceutical Group Co Ltd                      | CUSIP: 000000000<br>LEI: 300300TO4U1GUOTTHK82 | Long             | EC               | CORP              | CN        |  15102617 | NS      | $34329842.90  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Hengan International Group Co Ltd             | Hengan International Group Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |  11927000 | NS      | $34267643.98  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Computer Inc                           | Quanta Computer Inc                                        | CUSIP: 000000000<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |   4395000 | NS      | $41100843.91  | 1.00%             |  |  |  | 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      |
| Vibra Energia SA                              | Vibra Energia SA                                           | CUSIP: 000000000<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |  13841900 | NS      | $55183146.64  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                              | Kasikornbank PCL                                           | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |   7423254 | NS      | $35155510.01  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcos Dorados Holdings Inc                    | Arcos Dorados Holdings Inc                                 | CUSIP: 000000000<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |   2634672 | NS      | $20787562.08  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc                        | KB Financial Group Inc                                     | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |   1077207 | NS      | $88505634.30  | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co Ltd                        | ENN Natural Gas Co Ltd                                     | CUSIP: 000000000<br>LEI: 300300KVDMGNQNP52Z98 | Long             | EC               | CORP              | CN        |  12887015 | NS      | $33980955.23  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                    | Sanlam Ltd                                                 | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |  10358502 | NS      | $51925624.25  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co Ltd                        | Sinopharm Group Co Ltd                                     | CUSIP: 000000000<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |  24573614 | NS      | $57605698.25  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                   | Bank Mandiri Persero Tbk PT                                | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        | 150110484 | NS      | $45157260.45  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Want Want China Holdings Ltd                  | Want Want China Holdings Ltd                               | CUSIP: 000000000<br>LEI: 5299005HZCEKX4O1J230 | Long             | EC               | CORP              | KY        |  56113000 | NS      | $39208947.58  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                | BB Seguridade Participacoes SA                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  11627417 | NS      | $76615841.53  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                   | NetEase Inc                                                | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |   2296100 | NS      | $61933107.97  | 1.51%             |  |  |  | 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        |   5325600 | NS      | $34719175.42  | 0.85%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Lenovo Group Ltd                              | Lenovo Group Ltd                                           | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |  24446000 | NS      | $29418435.27  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                        | United Tractors Tbk PT                                     | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |  16666100 | NS      | $22081849.13  | 0.54%             |  |  |  | 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        |   7714437 | NS      | $70515080.83  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd                | Shinhan Financial Group Co Ltd                             | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |   1563117 | NS      | $71105271.79  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                  | Unilever PLC                                               | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    778359 | NS      | $47458299.42  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL              | PTT Exploration & Production PCL                           | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |   7313200 | NS      | $24633226.44  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp                                    | Yageo Corp                                                 | CUSIP: 000000000<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |   2642769 | NS      | $43670393.91  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd                             | Nedbank Group Ltd                                          | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |   4061562 | NS      | $55769677.82  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd                                  | Coway Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    622979 | NS      | $44693909.72  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                       | Vale SA                                                    | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   4858990 | NS      | $47180792.90  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                       | UPL Ltd                                                    | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |   6360586 | NS      | $49060867.99  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT               | Telkom Indonesia Persero Tbk PT                            | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   2824415 | NS      | $47845590.10  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                   | Wiwynn Corp                                                | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |    629000 | NS      | $54201205.83  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA         | Sociedad Quimica y Minera de Chile SA                      | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    314368 | NS      | $11087759.36  | 0.27%             |  |  |  | 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        |    238007 | NS      | $54651167.34  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras            | Petroleo Brasileiro SA - Petrobras                         | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |   3884396 | NS      | $48593793.96  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                    | Astra International Tbk PT                                 | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        | 127142200 | NS      | $35248187.74  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                     | Alibaba Group Holding Ltd                                  | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   4202200 | NS      | $59635620.11  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd                             | Bidvest Group Ltd                                          | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |   3160208 | NS      | $41787741.47  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                  | SK Hynix Inc                                               | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    585644 | NS      | $126855508.47 | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Healthcare Group Holdings Ltd            | Life Healthcare Group Holdings Ltd                         | CUSIP: 000000000<br>LEI: 529900NEEWARTDD80135 | Long             | EC               | CORP              | ZA        |  32742534 | NS      | $26418891.17  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Metlen Energy & Metals SA                     | Metlen Energy & Metals SA                                  | CUSIP: 000000000<br>LEI: 213800KT8MEUJEJ2KW41 | Long             | EC               | CORP              | GR        |    555307 | NS      | $30159992.87  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd     | Taiwan Semiconductor Manufacturing Co Ltd                  | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   5392913 | NS      | $194716544.10 | 4.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                 | Credicorp Ltd                                              | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |    144850 | NS      | $32376872.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalwafers Co Ltd                           | Globalwafers Co Ltd                                        | CUSIP: 000000000<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |   2779000 | NS      | $28545725.42  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                   | China Merchants Bank Co Ltd                                | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |  10709994 | NS      | $74959796.40  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA        | Motiva Infraestrutura de Mobilidade SA                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  15423017 | NS      | $39145865.98  | 0.95%             |  |  |  | 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        |  19123895 | NS      | $34987519.80  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                          | Tencent Holdings Ltd                                       | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    553800 | NS      | $35568968.78  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                  | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   6135413 | NS      | $6135412.93   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc | International Container Terminal Services Inc              | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |   4637340 | NS      | $33927949.77  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                               | Cemex SAB de CV                                            | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |   4445328 | NS      | $30806123.04  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Bank Group Ltd                       | Standard Bank Group Ltd                                    | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |   4305829 | NS      | $55513560.74  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                | PRIO SA/Brazil                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   5223800 | NS      | $40766619.43  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Conch Cement Co Ltd                     | Anhui Conch Cement Co Ltd                                  | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |  15301951 | NS      | $38952609.97  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Ltd                                     | ASMPT Ltd                                                  | CUSIP: 000000000<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |   3722000 | NS      | $27301700.11  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ternium SA                                    | Ternium SA                                                 | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |    939276 | NS      | $28272207.60  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                  | China Construction Bank Corp                               | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        | 124574224 | NS      | $125870629.39 | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** LAZARD FUNDS INC

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer