# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046501
**Filing Date:** 2023-2
**Character Count:** 61192
**Document Hash:** fe521675beff8f77761add392749f2e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046501.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046501

**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:** 23682546

**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 Fixed Income Portfolio (Series ID: S000035892)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000110020 | Institutional Shares | LZGIX           |
| C000110021 | Open Shares          | LZGOX           |

## 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 Fixed Income Portfolio

- **b. EDGAR series identifier (if any):** S000035892

- **c. LEI of Series:** HCX5HSJOXPVE8D0YOV67

**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:** $4842800.74

**Total Liabilities:** $602103.69

**Net Assets:** $4240697.05

**Cash Not Reported:** $125.44

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2.58000000 | **1-Year:** -109.87000000 | **5-Year:** -616.65000000 | **10-Year:** -489.22000000 | **30-Year:** -93.62000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -0.25000000 | **1-Year:** -13.36000000 | **5-Year:** -63.46000000 | **10-Year:** -58.99000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110021 | -0.28%               | 6.54%                | 0.46%                |
| Class ID C000110020 | -0.26%               | 6.42%                | 0.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35019.25               | $62906.60                                  |
| Month 2  | $-3011.10                | $265614.60                                 |
| Month 3  | $-21175.51               | $-429559.58                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1786.41     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Ball Corp                | Ball Corp                                                             | CUSIP: 058498AV8<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      25000 | PA      | $24215.75     | 0.57%             | 2026-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)         | French Republic Government Bond OAT                                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |      55000 | PA      | $48015.99     | 1.13%             | 2039-06-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | GB        |          1 | NC      | $19.72        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED SEK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SE        |          1 | NC      | $461.49       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED USD / SOLD CLP                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-7283.06     | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK | European Investment Bank                                              | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |      80000 | PA      | $51624.82     | 1.22%             | 2028-01-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC           | Home Depot Inc/The                                                    | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |      20000 | PA      | $21388.31     | 0.50%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC             | Alphabet Inc                                                          | CUSIP: 02079KAD9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      35000 | PA      | $27390.18     | 0.65%             | 2030-08-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| PFIZER INC               | Pfizer Inc                                                            | CUSIP: 717081EW9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |      30000 | PA      | $26352.67     | 0.62%             | 2030-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury   | United States Treasury Note/Bond                                      | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     206000 | PA      | $140973.20    | 3.32%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD IDR                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $125.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP | New South Wales Treasury Corp                                         | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |     100000 | PA      | $53292.36     | 1.26%             | 2030-11-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                                                  | CUSIP: 060505FZ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      70000 | PA      | $46004.06     | 1.08%             | 2027-09-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED CAD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CA        |          1 | NC      | $275.29       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OSLO KOMMUNE             | City of Oslo Norway                                                   | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGVU850 | Long             | DBT              | NUSS              | NO        |    1000000 | PA      | $99521.27     | 2.35%             | 2024-09-04      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| United Mexican States    | Mexico Government International Bond                                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      25000 | PA      | $30525.99     | 0.72%             | 2024-02-06      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia     | Colombia Government International Bond                                | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  126000000 | PA      | $22274.29     | 0.53%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC | New Zealand Local Government Funding Agency Bond                      | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |     190000 | PA      | $115760.18    | 2.73%             | 2024-04-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KFW                      | Kreditanstalt fuer Wiederaufbau                                       | CUSIP: 500769JD7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |      63000 | PA      | $54311.13     | 1.28%             | 2029-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF | Province of British Columbia Canada                                   | CUSIP: 110709GC0<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |     110000 | PA      | $68538.77     | 1.62%             | 2044-06-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-4124.81     | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-236.73      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO | Inter-American Investment Corp                                        | CUSIP: 000000000<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |      41000 | PA      | $24719.61     | 0.58%             | 2026-06-30      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $21304.85     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED CNH / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CN        |          1 | NC      | $7557.78      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $682.10       | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD THB                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-962.98      | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO | Spain Government Bond                                                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |      65000 | PA      | $42450.28     | 1.00%             | 2042-07-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc           | Amazon.com Inc                                                        | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |      25000 | PA      | $23491.72     | 0.55%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |          1 | NC      | $7076.89      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED CZK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CZ        |          1 | NC      | $1388.45      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-465.81      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP  | International Bank for Reconstruction & Development                   | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     100000 | PA      | $65712.69     | 1.55%             | 2025-11-26      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED CAD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CA        |          1 | NC      | $-143.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp           | Microsoft Corp                                                        | CUSIP: 594918AR5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |      25000 | PA      | $20947.57     | 0.49%             | 2042-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $71.82        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD CLP                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-2300.59     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN INT'L COOP AGENCY  | Japan International Cooperation Agency                                | CUSIP: 47109LAF1<br>LEI: 254900XEIG78M2AJB031 | Long             | DBT              | NUSS              | JP        |          0 | PA      | $0.00         | 0.00%             | 2027-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD EUR                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-2551.86     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP  | International Bank for Reconstruction & Development                   | CUSIP: 459058JZ7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |      35000 | PA      | $29625.28     | 0.70%             | 2028-09-13      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED HUF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | HU        |          1 | NC      | $291.46       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA | Export Development Canada                                             | CUSIP: 30216BHL9<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |      70000 | PA      | $49613.66     | 1.17%             | 2024-07-31      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO      | American Express Co                                                   | CUSIP: 025816CW7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      45000 | PA      | $42851.05     | 1.01%             | 2029-05-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                                                  | CUSIP: 06051GJC4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      28000 | PA      | $27560.85     | 0.65%             | 2024-05-19      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP        | International Finance Corp                                            | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      40000 | PA      | $37352.89     | 0.88%             | 2026-04-07      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS    | Bonos de la Tesoreria de la Republica en pesos                        | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   65000000 | PA      | $64003.07     | 1.51%             | 2028-10-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO       | Morocco Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     100000 | PA      | $78698.11     | 1.86%             | 2031-11-27      | Fixed         | 1.50%                 | 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      | $-2025.67     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $125.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State of California      | CALIFORNIA ST                                                         | CUSIP: 13063DGD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      45000 | PA      | $43256.40     | 1.02%             | 2033-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV | Tesco Corporate Treasury Services PLC                                 | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |     100000 | PA      | $99208.86     | 2.34%             | 2030-04-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED CZK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CZ        |          1 | NC      | $1305.21      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD COP                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-613.13      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC            | Citigroup Inc                                                         | CUSIP: 172967ND9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      70000 | PA      | $64500.52     | 1.52%             | 2025-11-03      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD GBP                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-3579.48     | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS/TYCO FI | Johnson Controls International plc / Tyco Fire & Security Finance SCA | CUSIP: 47837RAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      65000 | PA      | $51920.46     | 1.22%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP              | Prologis LP                                                           | CUSIP: 74340XBR1<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     100000 | PA      | $75806.76     | 1.79%             | 2030-10-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM  | United Rentals North America Inc                                      | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      30000 | PA      | $28429.50     | 0.67%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISA INC                 | Visa Inc                                                              | CUSIP: 92826CAP7<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |      25000 | PA      | $21272.72     | 0.50%             | 2027-08-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $-2837.58     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD NOK                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-1838.12     | -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      | $247.57       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP        | International Finance Corp                                            | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |     132000 | PA      | $59797.02     | 1.41%             | 2035-04-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE  | Procter & Gamble Co/The                                               | CUSIP: 742718FM6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |      15000 | PA      | $11769.19     | 0.28%             | 2030-10-29      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |          1 | NC      | $1165.95      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND | Thailand Government Bond                                              | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    3440000 | PA      | $84624.74     | 2.00%             | 2035-12-17      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC | New Zealand Local Government Funding Agency Bond                      | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |     210000 | PA      | $106573.11    | 2.51%             | 2029-04-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT  | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     970000 | PA      | $46876.99     | 1.11%             | 2027-06-03      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp           | Starbucks Corp                                                        | CUSIP: 855244AU3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |      25000 | PA      | $21248.34     | 0.50%             | 2049-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD PEN                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-3353.49     | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS   | Verizon Communications Inc                                            | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      75000 | PA      | $70369.89     | 1.66%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $103.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD PLN                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-6517.34     | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD MXN                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-1397.76     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-6886.20     | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co      | JPMorgan Chase & Co                                                   | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      80000 | PA      | $73617.25     | 1.74%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA          | Bermuda Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |          0 | PA      | $0.00         | 0.00%             | 2027-01-25      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| City of Vancouver        | City of Vancouver                                                     | CUSIP: 921577RJ3<br>LEI: 549300WQBP3HPFWQXI92 | Long             | DBT              | NUSS              | CA        |      80000 | PA      | $57128.51     | 1.35%             | 2025-11-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED PEN / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PE        |          1 | NC      | $201.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | XX        |          1 | NC      | $563.29       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OBRIGACOES DO TESOURO    | Portugal Obrigacoes do Tesouro OT                                     | CUSIP: 000000000<br>LEI: 549300P6U1FJ3IMP7K42 | Long             | DBT              | NUSS              | PT        |      45000 | PA      | $40979.18     | 0.97%             | 2032-07-16      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC       | Province of Quebec Canada                                             | CUSIP: 748148SA2<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |      95000 | PA      | $64938.18     | 1.53%             | 2027-02-13      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS   | Mueller Water Products Inc                                            | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |      15000 | PA      | $13181.25     | 0.31%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-2737.07     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED CAD / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CA        |          1 | NC      | $114.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Development Bank   | Asian Development Bank                                                | CUSIP: 045167CY7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |      40000 | PA      | $37890.92     | 0.89%             | 2025-03-19      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK  | Inter-American Development Bank                                       | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        | 1140000000 | PA      | $73529.73     | 1.73%             | 2023-03-14      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $3836.38      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AMGEN INC                | Amgen Inc                                                             | CUSIP: 031162DD9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      25000 | PA      | $22137.53     | 0.52%             | 2029-02-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABB Finance USA Inc      | ABB Finance USA Inc                                                   | CUSIP: 00037BAC6<br>LEI: 5493002Y01YAFV45F528 | Long             | DBT              | CORP              | US        |      22000 | PA      | $18930.95     | 0.45%             | 2042-05-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $1422.09      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED KRW / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KR        |          1 | NC      | $6908.54      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-686.96      | -0.02%            |  |  |  | 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      | $-3853.60     | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CHF                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1467.93     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JOHN DEERE FINANCIALS IN | John Deere Financial Inc                                              | CUSIP: 47788ZAG6<br>LEI: CWQ698NK2DINVLMZRZ97 | Long             | DBT              | CORP              | CA        |      95000 | PA      | $66653.66     | 1.57%             | 2025-01-14      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| State of California      | CALIFORNIA ST                                                         | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      30000 | PA      | $37548.96     | 0.89%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| APPLE INC                | Apple Inc                                                             | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |      50000 | PA      | $46032.56     | 1.09%             | 2025-05-11      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT  | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     860000 | PA      | $42684.89     | 1.01%             | 2024-09-05      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU         | Peruvian Government International Bond                                | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      45000 | PA      | $35431.88     | 0.84%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $104.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADOBE INC                | Adobe Inc                                                             | CUSIP: 00724PAD1<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |      25000 | PA      | $21316.72     | 0.50%             | 2030-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-4646.77     | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama       | Panama Government International Bond                                  | CUSIP: 698299AD6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      80000 | PA      | $91990.00     | 2.17%             | 2027-09-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED CHF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CH        |          1 | NC      | $1207.56      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP | Toyota Motor Credit Corp                                              | CUSIP: 89236TGU3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |      55000 | PA      | $46273.45     | 1.09%             | 2030-02-13      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Bahamas  | Bahamas Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |      73000 | PA      | $54809.31     | 1.29%             | 2029-11-20      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      30000 | PA      | $22854.50     | 0.54%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP | Queensland Treasury Corp                                              | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |     160000 | PA      | $84417.51     | 1.99%             | 2031-03-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED CZK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CZ        |          1 | NC      | $4554.09      | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD SEK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1178.56     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| KFW                      | Kreditanstalt fuer Wiederaufbau                                       | CUSIP: 000000000<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |      25000 | PA      | $22549.29     | 0.53%             | 2028-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD MXN                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1293.85     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND   | Republic of Poland Government Bond                                    | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     355000 | PA      | $76584.06     | 1.81%             | 2028-05-25      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK   | Canadian Imperial Bank of Commerce                                    | CUSIP: 13607GRR7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |      75000 | PA      | $67396.79     | 1.59%             | 2025-10-23      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED SEK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SE        |          1 | NC      | $2327.28      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED CNH / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CN        |          1 | NC      | $222.61       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE GOVERNMENT     | Singapore Government Bond                                             | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      60000 | PA      | $45826.49     | 1.08%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AU        |          1 | NC      | $90.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV             | ING Groep NV                                                          | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |     100000 | PA      | $96720.60     | 2.28%             | 2028-12-07      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP  | Dell International LLC / EMC Corp                                     | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      45000 | PA      | $44010.09     | 1.04%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-545.23      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL        | Service Corp International/US                                         | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      30000 | PA      | $28021.50     | 0.66%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-7709.52     | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT      | United Kingdom Gilt                                                   | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      50000 | PA      | $45118.62     | 1.06%             | 2033-07-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC              | PepsiCo Inc                                                           | CUSIP: 713448EP9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |      35000 | PA      | $25005.39     | 0.59%             | 2049-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp      | Kimberly-Clark Corp                                                   | CUSIP: 494368BZ5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |      30000 | PA      | $27389.49     | 0.65%             | 2029-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley           | Morgan Stanley                                                        | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      70000 | PA      | $66011.05     | 1.56%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP  | International Bank for Reconstruction & Development                   | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     660000 | PA      | $63441.81     | 1.50%             | 2026-03-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC | New Zealand Local Government Funding Agency Bond                      | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |     130000 | PA      | $52944.67     | 1.25%             | 2037-04-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $120.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF DENMARK       | Denmark Government Bond                                               | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |     200000 | PA      | $22751.48     | 0.54%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND              | Swiss Confederation Government Bond                                   | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |      20000 | PA      | $19591.59     | 0.46%             | 2032-06-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp          | McDonald's Corp                                                       | CUSIP: 580135CD1<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |      70000 | PA      | $49910.93     | 1.18%             | 2025-03-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS    | Bonos de la Tesoreria de la Republica en pesos                        | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   50000000 | PA      | $57618.25     | 1.36%             | 2024-06-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $51705.83     | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED COP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CO        |          1 | NC      | $277.19       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED CNH / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CN        |          1 | NC      | $4843.30      | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD NOK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-8899.87     | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC           | Czech Republic Government Bond                                        | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    1650000 | PA      | $72273.15     | 1.70%             | 2027-11-19      | Floating      | 7.21%                 | 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      | $-107.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.            | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |          1 | NC      | $7409.14      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                  | Hungary Government International Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      35000 | PA      | $24558.79     | 0.58%             | 2035-06-05      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED RON / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | RO        |          1 | NC      | $9049.52      | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-274.83      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC        | Clean Harbors Inc                                                     | CUSIP: 000000000<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |      25000 | PA      | $23687.50     | 0.56%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRELAND GOVERNMENT BOND  | Ireland Government Bond                                               | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |      45000 | PA      | $42831.52     | 1.01%             | 2031-03-18      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| HOUSING NEW ZEALAND LTD  | Housing New Zealand Ltd                                               | CUSIP: 000000000<br>LEI: 254900JDUJGPMP204P63 | Long             | DBT              | NUSS              | NZ        |     120000 | PA      | $69551.42     | 1.64%             | 2028-10-18      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED NOK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | NO        |          1 | NC      | $956.57       | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED SGD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SG        |          1 | NC      | $544.06       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ GROUP AG   | Mercedes-Benz Group AG                                                | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | DBT              | CORP              | DE        |      55000 | PA      | $48115.25     | 1.13%             | 2030-09-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.       | PURCHASED USD / SOLD THB                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-3257.17     | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |          1 | NC      | $178.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA       | Peru Government Bond                                                  | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     250000 | PA      | $57876.08     | 1.36%             | 2032-08-12      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |          1 | NC      | $468.09       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A. | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-6117.34     | -0.14%            |  |  |  | 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