# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046492
**Filing Date:** 2023-2
**Character Count:** 22906
**Document Hash:** 396df7b395d0f067ca0da4a6943a86c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046492.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046492

**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:** 23682535

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

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

## Series and Classes Contracts Data

### Lazard International Strategic Equity Portfolio (Series ID: S000010273)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028378 | Open Shares          | LISOX           |
| C000028379 | Institutional Shares | LISIX           |
| C000134193 | R6 Shares            | RLITX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10112

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

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

- **a. Name of Series:** Lazard International Strategic Equity Portfolio

- **b. EDGAR series identifier (if any):** S000010273

- **c. LEI of Series:** 549300GDQR7WBZQZ4U31

**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:** $4599829800.85

**Total Liabilities:** $11703512.33

**Net Assets:** $4588126288.52

**Cash Not Reported:** $87472.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028378 | 6.84%                | 10.23%               | -2.88%               |
| Class ID C000028379 | 6.90%                | 10.31%               | -2.94%               |
| Class ID C000134193 | 6.89%                | 10.30%               | -2.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35001359.77            | $334117500.56                              |
| Month 2  | $37569215.46             | $424816761.72                              |
| Month 3  | $5818821.33              | $-138412750.05                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Universal Music Group NV                  | Universal Music Group NV                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |   4581009 | NS      | $110581736.37 | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP - Energias de Portugal SA             | EDP - Energias de Portugal SA                         | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |  17591693 | NS      | $87638205.86  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                             | Accenture PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    366155 | NS      | $97704800.20  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                   | National Bank of Canada                               | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |   1810852 | NS      | $122011837.49 | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Inc                                   | BRP Inc                                               | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |    660041 | NS      | $50322032.81  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                            | Continental AG                                        | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |   1030709 | NS      | $61580645.58  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                              | Olympus Corp                                          | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |   4331200 | NS      | $76556989.07  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                            | Advantest Corp                                        | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |    721400 | NS      | $46573660.52  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                 | Airbus SE                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    949129 | NS      | $112853590.68 | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| TMX Group Ltd                             | TMX Group Ltd                                         | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |    703983 | NS      | $70460691.40  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                   | Bank Leumi Le-Israel BM                               | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |  14692128 | NS      | $122470424.99 | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                                | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |   3365400 | NS      | $85199862.41  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                             | Akzo Nobel NV                                         | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |   1277702 | NS      | $85255990.48  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                   | ABB Ltd                                               | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |   2841366 | NS      | $86541690.46  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                 | Thales SA                                             | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |    623231 | NS      | $79671616.74  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                        | Tokyo Electron Ltd                                    | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |    188900 | NS      | $56115288.27  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                | Genmab A/S                                            | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    180590 | NS      | $76493875.18  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                                      | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    450879 | NS      | $141694064.47 | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                               | Informa PLC                                           | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |   8068056 | NS      | $60488805.41  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                                 | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |    505000 | NS      | $77683910.66  | 1.69%             |  |  |  | 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        | 130945380 | NS      | $130945379.68 | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                              | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |   5953175 | NS      | $164937365.43 | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                         | Suncor Energy Inc                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |   3251343 | NS      | $103135289.40 | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ESR Group Ltd                             | ESR Group Ltd                                         | CUSIP: 000000000<br>LEI: 549300C81AR42BZUFZ09 | Long             | EC               | CORP              | KY        |  27626400 | NS      | $57986990.52  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                         | Bureau Veritas SA                                     | CUSIP: 000000000<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |   2807530 | NS      | $73889381.57  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                                     | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |   4686288 | NS      | $108285821.42 | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                | Arca Continental SAB de CV                            | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |  11164600 | NS      | $90662063.69  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                  | Engie SA                                              | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |   9148719 | NS      | $131046617.34 | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                   | Vestas Wind Systems A/S                               | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |   1737192 | NS      | $50754054.84  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo Car AB                              | Volvo Car AB                                          | CUSIP: 000000000<br>LEI: 5299000EAMGGBEYP7J33 | Long             | EC               | CORP              | SE        |   3597552 | NS      | $16436089.90  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                                      | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |    538992 | NS      | $105944036.32 | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                  | ICON PLC                                              | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |    467122 | NS      | $90738448.50  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                                         | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |   1447983 | NS      | $101599482.88 | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CAE Inc                                   | CAE Inc                                               | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |   5849278 | NS      | $113140761.31 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                              | Carlsberg AS                                          | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |    995067 | NS      | $131723484.83 | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                         | Suzuki Motor Corp                                     | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |   1434972 | NS      | $46167573.29  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petershill Partners Plc                   | Petershill Partners PLC                               | CUSIP: 000000000<br>LEI: 213800HTCF8A7XM22A32 | Long             | EC               | CORP              | GB        |   1898271 | NS      | $3881795.80   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Idorsia Ltd                               | Idorsia Ltd                                           | CUSIP: 000000000<br>LEI: 506700XOVZUB107S5720 | Long             | EC               | CORP              | CH        |   1804829 | NS      | $26305367.54  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                   | Aon PLC                                               | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    743418 | NS      | $223129478.52 | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo Oyj                                 | Sampo Oyj                                             | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |   2122402 | NS      | $110976783.15 | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp Ltd      | Housing Development Finance Corp Ltd                  | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |   1950989 | NS      | $62121179.64  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                | Hexagon AB                                            | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   5443563 | NS      | $57221439.88  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                | Merck KGaA                                            | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |    509893 | NS      | $98745975.85  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Corp                               | Yamaha Corp                                           | CUSIP: 000000000<br>LEI: 529900S5TENP3IJS7S02 | Long             | EC               | CORP              | JP        |   1558372 | NS      | $57493352.57  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                               | Shimano Inc                                           | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |    287600 | NS      | $45822692.92  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd             | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   2507000 | NS      | $36538643.79  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                | Vonovia SE                                            | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |   1643713 | NS      | $38737977.17  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC        | Coca-Cola Europacific Partners PLC                    | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |   2821799 | NS      | $155030945.65 | 3.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                                         | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   8708200 | NS      | $95938273.26  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Consulting Inc                 | BayCurrent Consulting Inc                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1906600 | NS      | $59617204.32  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Ltd              | Canadian Pacific Railway Ltd                          | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    942052 | NS      | $70236447.12  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                      | Ryanair Holdings PLC                                  | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |   1030179 | NS      | $77016182.04  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Bussan Co Ltd                        | Kobe Bussan Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800CJIFNHN2DXRD59 | Long             | EC               | CORP              | JP        |   2131400 | NS      | $61524565.60  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                              | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |   2515363 | NS      | $76612124.82  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                                     | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |   2412096 | NS      | $15042962.97  | 0.33%             |  |  |  | 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