# EDGAR Filing Document

**Accession Number:** 0002051630
**File Stem:** 0001410368-26-021478
**Filing Date:** 2026-3
**Character Count:** 15194
**Document Hash:** b63537ac3c1a7492f9f6565244ec3472
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021478.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021478

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lazard Active ETF Trust
- **CENTRAL INDEX KEY:** 0002051630

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24041
- **FILM NUMBER:** 26706111

**BUSINESS ADDRESS:**
- **STREET 1:** C/O LAZARD ASSET MANAGEMENT LLC
- **STREET 2:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112
- **BUSINESS PHONE:** (800) 823-6300

**MAIL ADDRESS:**
- **STREET 1:** C/O LAZARD ASSET MANAGEMENT LLC
- **STREET 2:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112

## Series and Classes Contracts Data

### Lazard Listed Infrastructure ETF (Series ID: S000094312)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000262800 | Lazard Listed Infrastructure ETF | GLIX            |

## 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 Active ETF Trust

- **b. Investment Company Act file number:** 811-24041

- **c. CIK number of Registrant:** 0002051630

- **d. LEI of Registrant:** 254900CR1PMVJV76SB71

- **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 Listed Infrastructure ETF

- **b. EDGAR series identifier (if any):** S000094312

- **c. LEI of Series:** 529900RR235J0PHH3565

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $18662801.58

**Total Liabilities:** $27664.94

**Net Assets:** $18635136.64

**Cash Not Reported:** $67.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262800 | 0.08%                | 2.68%                | -2.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24468.63               | $-138446.22                                |
| Month 2  | $3471.81                 | $414074.91                                 |
| Month 3  | $-22736.22               | $-279474.03                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ameren Corp                      | Ameren Corp                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      3537 | NS      | $353204.82    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc   | American Electric Power Co Inc   | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      4649 | NS      | $536076.19    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp              | American Tower Corp              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      4405 | NS      | $773385.85    | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                         | CSX Corp                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     23160 | NS      | $839550.00    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co     | Canadian National Railway Co     | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     15067 | NS      | $1492135.87   | 8.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc          | Consolidated Edison Inc          | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      7547 | NS      | $749568.04    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                 | Crown Castle Inc                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      8685 | NS      | $771835.95    | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.    | PURCHASED USD / SOLD CAD         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1689.65     | -0.01%            |  |  |  | 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      | $-6007.58     | -0.03%            |  |  |  | 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      | $11328.07     | 0.06%             |  |  |  | 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      | $-4396.32     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD AUD         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-230.14      | -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      | $-501.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada             | PURCHASED USD / SOLD AUD         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $284.64       | 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      | $639.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada             | PURCHASED USD / SOLD CAD         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $623.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada             | PURCHASED USD / SOLD GBP         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $206.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergy Inc                       | Evergy Inc                       | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      4752 | NS      | $344472.48    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                | Eversource Energy                | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      5119 | NS      | $344662.27    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                      | Exelon Corp                      | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     17239 | NS      | $751448.01    | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                 | Transurban Group                 | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |     90141 | NS      | $854170.35    | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc               | NextEra Energy Inc               | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      6727 | NS      | $540043.56    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp            | Norfolk Southern Corp            | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2803 | NS      | $809282.16    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                  | OGE Energy Corp                  | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     19368 | NS      | $827013.60    | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                         | PPL Corp                         | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      9993 | NS      | $349954.86    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp       | Pinnacle West Capital Corp       | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      9497 | NS      | $842383.90    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam SpA                         | Snam SpA                         | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |     62643 | NS      | $416118.17    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co     | Portland General Electric Co     | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     17548 | NS      | $842128.52    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                        | Spire Inc                        | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      4169 | NS      | $344776.30    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp               | Union Pacific Corp               | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2315 | NS      | $535505.80    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD GOVT MNY MMKT INS         | LAZARD GOVT MNY MMKT INS         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    166703 | NS      | $166703.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                     | Ferrovial SE                     | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |      6363 | NS      | $413557.41    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                      | Aena SME SA                      | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     27745 | NS      | $776177.80    | 4.17%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Terna - Rete Elettrica Nazionale | Terna - Rete Elettrica Nazionale | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |     36993 | NS      | $393364.14    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                         | Vinci SA                         | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     10588 | NS      | $1492831.62   | 8.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                | National Grid PLC                | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     97020 | NS      | $1489619.98   | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA               | Cellnex Telecom SA               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     16706 | NS      | $538186.77    | 2.89%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Lazard Active ETF Trust

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer