# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046496
**Filing Date:** 2023-2
**Character Count:** 24199
**Document Hash:** 0919c05fc4eb45eca9a3eb879dc11eea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046496.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046496

**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:** 23682540

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112
- **BUSINESS PHONE:** 2126326000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112

## Series and Classes Contracts Data

### Lazard Global Listed Infrastructure Portfolio (Series ID: S000027245)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LAZARD FUNDS INC

- **b. Investment Company Act file number:** 811-06312

- **c. CIK number of Registrant:** 0000874964

- **d. LEI of Registrant:** FHQ86OSTXPK3IHDU6X52

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 30 ROCKEFELLER PLAZA

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10112

  - **Telephone number:** 212-632-6000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Lazard Global Listed Infrastructure Portfolio

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

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

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

- **a. Date of fiscal year-end:** 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:** $8153981002.14

**Total Liabilities:** $20045804.45

**Net Assets:** $8133935197.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000082232 | 6.10%                | 8.20%                | -4.47%               |
| Class ID C000082231 | 6.03%                | 8.27%                | -4.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-100688223.96           | $631994505.60                              |
| Month 2  | $-241285.02              | $878384118.15                              |
| Month 3  | $-833884.82              | $-325389335.88                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $50756.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REN - Redes Energeticas Nacionais SGPS SA | REN - Redes Energeticas Nacionais SGPS SA             | CUSIP: 000000000<br>LEI: 549300FR1FN48IGHR915 | Long             | EC               | CORP              | PT        |  28228757 | NS      | $76258561.36  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                                    | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1155900 | NS      | $239352213.00 | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-437767.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                  | Snam SpA                                              | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |  78641300 | NS      | $381819178.94 | 4.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale          | Terna - Rete Elettrica Nazionale                      | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |  52237996 | NS      | $386653446.50 | 4.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce        | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |         1 | NC      | $2252159.59   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                               | Italgas SpA                                           | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |  44694637 | NS      | $247836407.04 | 3.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                   | PURCHASED USD / SOLD CHF                              | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-45478.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $3498500.94   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                             | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-725094.41   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                          | Severn Trent PLC                                      | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |  11843155 | NS      | $379805836.13 | 4.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp                               | Exelon Corp                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   3887400 | NS      | $168052302.00 | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                  | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-297286.07   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $125767.54    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                      | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $-1760459.68  | -0.02%            |  |  |  | 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        | 436543028 | NS      | $436543027.68 | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eutelsat Communications SA                | Eutelsat Communications SA                            | CUSIP: 000000000<br>LEI: 549300EFWH9UR17YSK05 | Long             | EC               | CORP              | FR        |  12325587 | NS      | $92035457.25  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                     | Norfolk Southern Corp                                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |   2614319 | NS      | $644220487.98 | 7.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                  | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $92704.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                            | PURCHASED USD / SOLD CHF                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-95239.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                | Pinnacle West Capital Corp                            | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |   3996834 | NS      | $303919257.36 | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Assets Holdings Ltd                 | Power Assets Holdings Ltd                             | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |  37833765 | NS      | $207232618.62 | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                            | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-1470584.63  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $122439.14    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-259520.30   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                  | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $2769463.05   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD CHF                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-155416.68   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison Inc                   | Consolidated Edison Inc                               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |   2585655 | NS      | $246438778.05 | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                            | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-45077.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $5905442.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-1558721.91  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SES SA                                    | SES SA                                                | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |  20326589 | NS      | $132690782.02 | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd                         | Atlas Arteria Ltd                                     | CUSIP: 000000000<br>LEI: 254900SGF4ZQDBH2YC59 | Long             | EC               | CORP              | AU        |  79017229 | NS      | $355284218.94 | 4.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                   | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-142200.59   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                   | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-1476768.92  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CSX Corp                                  | CSX Corp                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |  12802981 | NS      | $396636351.38 | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC                | United Utilities Group PLC                            | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |  31151853 | NS      | $373555934.82 | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-11538.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                        | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $2674875.49   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hera SpA                                  | Hera SpA                                              | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |  70312182 | NS      | $190098651.57 | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                               | Aena SME SA                                           | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |   1448700 | NS      | $182450063.03 | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                   | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $15391.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                            | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $658852.68    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED EUR / SOLD USD                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $1323436.26   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                  | Vinci SA                                              | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |   3741805 | NS      | $373712831.95 | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Infrastructure Holdings Ltd            | CK Infrastructure Holdings Ltd                        | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |  24321500 | NS      | $127306214.61 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce        | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |         1 | NC      | $-1400190.20  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG                       | Flughafen Zurich AG                                   | CUSIP: 000000000<br>LEI: 529900PFO97GCN5SYB55 | Long             | EC               | CORP              | CH        |   1048456 | NS      | $162461899.83 | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                          | Transurban Group                                      | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |  33229858 | NS      | $293426475.14 | 3.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                      | PURCHASED USD / SOLD GBP                              | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $4047731.04   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co                          | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |   1366573 | NS      | $162333531.26 | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                             | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-1011763.17  | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                            | PURCHASED USD / SOLD HKD                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $135552.40    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                         | National Grid PLC                                     | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |  54202879 | NS      | $651051302.96 | 8.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                             | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $1189392.08   | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                  | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $1078418.33   | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SA                              | Ferrovial SA                                          | CUSIP: 000000000<br>LEI: 95980020140005757903 | Long             | EC               | CORP              | ES        |  24740985 | NS      | $647208067.46 | 7.96%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1970864.23  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1885171.14   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                          | Pennon Group PLC                                      | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |  14334169 | NS      | $154093807.07 | 1.89%             |  |  |  | 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