# EDGAR Filing Document

**Accession Number:** 0001033669
**File Stem:** 0001410368-25-029307
**Filing Date:** 2025-11
**Character Count:** 103012
**Document Hash:** c00bf659efc257335c0fe8946bd718e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029307.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029307

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD RETIREMENT SERIES INC
- **CENTRAL INDEX KEY:** 0001033669

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08071
- **FILM NUMBER:** 251510757

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 212-632-6000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

## Series and Classes Contracts Data

### Lazard Retirement US Small Cap Equity Select Portfolio (Series ID: S000010298)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000028474 | Service Shares |  |

## Nport-Ex

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-08071

Lazard Retirement Series, Inc.<br> (Exact name of Registrant as specified in charter)

30 Rockefeller Plaza<br> New York, New York 10112<br> (Address of principal executive offices) (Zip code)

Mark R. Anderson, Esq.<br> Lazard Asset Management LLC

30 Rockefeller Plaza<br> New York, New York 10112<br> (Name and address of agent for service)

Registrant's telephone number, including area code: (212) 632-6000

Date of fiscal year end: 12/31

Date of reporting period: 9/30/2025

**Item 1: Schedule of Investments.** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** |
| **Common Stocks \| 97.4%** |  |  |
| **Brazil \| 12.2%** |  |  |
| Arcos Dorados Holdings, Inc., Class A | 295510 | $1994692 |
| Banco do Brasil SA | 1449204 | 6014922 |
| BB Seguridade Participacoes SA | 969600 | 6059260 |
| Engie Brasil Energia SA | 357898 | 2736897 |
| Motiva Infraestrutura de Mobilidade SA | 1286150 | 3595831 |
| Petroleo Brasileiro SA - Petrobras ADR | 323927 | 4100916 |
| PRIO SA (\*) | 435600 | 3120753 |
| Rede D'Or Sao Luiz SA (#) | 521300 | 4121622 |
| Suzano SA | 283000 | 2653333 |
| Vale SA ADR | 405200 | 4400472 |
| Vibra Energia SA | 1154300 | 5333127 |
|  |  | 44131825 |
| **China \| 21.5%** |  |  |
| Alibaba Group Holding Ltd. | 275800 | 6182271 |
| Anhui Conch Cement Co. Ltd., Class H | 1275875 | 3859895 |
| China Construction Bank Corp., Class H | 9051038 | 8710268 |
| China Medical System Holdings Ltd. | 2081000 | 3741144 |
| China Merchants Bank Co. Ltd., Class H | 893237 | 5373783 |
| DaShenLin Pharmaceutical Group Co. Ltd., Class A | 1259400 | 2918613 |
| ENN Natural Gas Co. Ltd., Class A | 1363920 | 3444122 |
| Hengan International Group Co. Ltd. | 870527 | 2843965 |
| Huayu Automotive Systems Co. Ltd., Class A | 1042996 | 2998150 |
| Lenovo Group Ltd. | 3070000 | 4564580 |
| Midea Group Co. Ltd., Class A | 376100 | 3840593 |
| NetEase, Inc. | 139200 | 4232205 |
| Ping An Insurance Group Co. of China Ltd., Class H | 741500 | 5045825 |
| Sinopharm Group Co. Ltd., Class H | 2049197 | 4836621 |
| Tencent Holdings Ltd. | 47000 | 4004202 |
| Tingyi Cayman Islands Holding Corp. | 2644000 | 3549170 |
| Want Want China Holdings Ltd. | 4937000 | 3356152 |
| Weichai Power Co. Ltd., Class H | 2301958 | 4128835 |
|  |  | 77630394 |
| **Egypt \| 0.9%** |  |  |
| Commercial International Bank - Egypt (CIB) GDR | 1590552 | 3211669 |
| **Greece \| 2.3%** |  |  |
| National Bank of Greece SA | 369893 | 5387620 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| OPAP SA | 129131 | $3013578 |
|  |  | 8401198 |
| **Hong Kong \| 0.9%** |  |  |
| ASMPT Ltd. | 310388 | 3272691 |
| **Hungary \| 2.7%** |  |  |
| MOL Hungarian Oil & Gas PLC | 412106 | 3347744 |
| OTP Bank Nyrt | 72938 | 6317023 |
|  |  | 9664767 |
| **India \| 6.0%** |  |  |
| Axis Bank Ltd. | 209147 | 2666458 |
| Indus Towers Ltd. (\*) | 1481629 | 5723371 |
| Infosys Ltd. ADR | 323552 | 5264191 |
| Tata Consultancy Services Ltd. | 129497 | 4213390 |
| UPL Ltd. | 530421 | 3918338 |
|  |  | 21785748 |
| **Indonesia \| 4.2%** |  |  |
| Astra International Tbk. PT | 10602604 | 3678042 |
| Bank Mandiri Persero Tbk. PT | 12517960 | 3315285 |
| Telkom Indonesia Persero Tbk. PT ADR | 287993 | 5420028 |
| United Tractors Tbk. PT | 1612400 | 2595909 |
|  |  | 15009264 |
| **Mexico \| 7.9%** |  |  |
| America Movil SAB de CV ADR | 247654 | 5200734 |
| Cemex SAB de CV ADR | 292827 | 2632515 |
| Grupo Aeroportuario del Pacifico SAB de CV ADR | 19848 | 4707747 |
| Grupo Financiero Banorte SAB de CV, Class O | 643365 | 6480901 |
| Grupo Mexico SAB de CV Series B | 394972 | 3444722 |
| Kimberly-Clark de Mexico SAB de CV, Class A | 1594789 | 3373584 |
| Ternium SA ADR | 78328 | 2720331 |
|  |  | 28560534 |
| **Peru \| 0.9%** |  |  |
| Credicorp Ltd. | 12079 | 3216396 |
| **Philippines \| 0.9%** |  |  |
| International Container Terminal Services, Inc. | 392210 | 3177532 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** |
| **Poland \| 0.1%** |  |  |
| InPost SA (\*) | 20212 | $248206 |
| **Russia \| 0.0%** |  |  |
| Mobile TeleSystems PJSC ADR (\*), (¢) | 545705 | 1 |
| Sberbank of Russia PJSC (\*), (¢) | 1580119 | 1 |
|  |  | 2 |
| **South Africa \| 6.8%** |  |  |
| Bidvest Group Ltd. | 263535 | 3233353 |
| Kumba Iron Ore Ltd. | 56227 | 1058014 |
| Life Healthcare Group Holdings Ltd. | 3483024 | 2344589 |
| Nedbank Group Ltd. | 338701 | 4183193 |
| Sanlam Ltd. | 863814 | 4181689 |
| Standard Bank Group Ltd. | 359071 | 4918137 |
| Vodacom Group Ltd. | 593085 | 4579311 |
|  |  | 24498286 |
| **South Korea \| 11.0%** |  |  |
| Coway Co. Ltd. | 51721 | 3623290 |
| Hyundai Mobis Co. Ltd. | 14657 | 3133530 |
| KB Financial Group, Inc. | 76488 | 6316962 |
| Kia Corp. | 57526 | 4135135 |
| KT Corp. | 92513 | 3331307 |
| KT&G Corp. | 28286 | 2692043 |
| Shinhan Financial Group Co. Ltd. | 130351 | 6555474 |
| SK Hynix, Inc. | 40343 | 10087074 |
|  |  | 39874815 |
| **Taiwan \| 14.5%** |  |  |
| ASE Technology Holding Co. Ltd. | 1230000 | 6672684 |
| Globalwafers Co. Ltd. | 281000 | 4343872 |
| MediaTek, Inc. | 134000 | 5808593 |
| Novatek Microelectronics Corp. | 239000 | 3348173 |
| Quanta Computer, Inc. | 600000 | 5726825 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 373989 | 16270150 |
| Wiwynn Corp. | 52000 | 5654107 |
| Yageo Corp. | 822972 | 4605397 |
|  |  | 52429801 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Thailand \| 1.5%** |  |  |
| Kasikornbank PCL | 619069 | $3201899 |
| PTT Exploration & Production PCL (‡) | 609900 | 2173845 |
|  |  | 5375744 |
| **Turkey \| 1.0%** |  |  |
| BIM Birlesik Magazalar AS | 281314 | 3661952 |
| **United Kingdom \| 0.9%** |  |  |
| Unilever PLC | 57783 | 3430136 |
| **United States \| 1.2%** |  |  |
| Schlumberger NV | 125715 | 4320825 |
| **Total Common Stocks** <br> (Cost $261,844,039) |  | 351901785 |
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 2.6%** |  |  |
| Fixed Income Clearing Corp., <br> 4.19%, 10/01/25<br> (Dated 09/30/25, collateralized by $9,378,300 United States Treasury Note, 4.250%, 05/15/35, with a fair value of $9,618,638) Proceeds of $9,431,098 <br> (Cost $9,430,000) | $9430 | $9430000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** |
| **Short-Term Investments \| 0.1%** |  |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $500,793) | 500793 | $500793 |
| **Total Investments \| 100.1%** <br> (Cost $271,774,832) |  | $**361832578** |
| **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **(191451)** |
| **Net Assets \| 100.0%** |  | $**361641127** |

---

---

| | |
|:---|:---|
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 1.1% of net assets of the Portfolio.* |
| *(¢)* | *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* |
| *(‡)* | *Security valued using Level 2 inputs, based on reference to a similar security which was trading on an active market, under US Generally Accepted Accounting Principles in the United States of America hierarchy.* |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** |
| **Common Stocks \| 58.6%** |  |  |
| **Australia \| 0.7%** |  |  |
| Computershare Ltd. ADR | 8541 | $205155 |
| Northern Star Resources Ltd. | 9993 | 157601 |
| Perseus Mining Ltd. | 39341 | 128264 |
| Qantas Airways Ltd. | 69488 | 503859 |
| Ramelius Resources Ltd. | 110299 | 284748 |
| Regis Resources Ltd. | 29720 | 118800 |
|  |  | 1398427 |
| **Bermuda \| 0.5%** |  |  |
| Hamilton Insurance Group Ltd., Class B (\*) | 17533 | 434818 |
| RenaissanceRe Holdings Ltd. | 2805 | 712274 |
|  |  | 1147092 |
| **Canada \| 2.6%** |  |  |
| Agnico Eagle Mines Ltd. | 4012 | 675730 |
| Barrick Mining Corp. | 26504 | 870516 |
| Canadian Natural Resources Ltd. | 3636 | 116262 |
| CGI, Inc. | 1202 | 107063 |
| Empire Co. Ltd., Class A | 7677 | 275538 |
| Fairfax Financial Holdings Ltd. | 113 | 197695 |
| Fortuna Mining Corp. (\*) | 14864 | 133079 |
| Hydro One Ltd. (#) | 7443 | 265535 |
| Kinross Gold Corp. | 30932 | 767688 |
| Loblaw Cos. Ltd. | 17809 | 688840 |
| Lundin Gold, Inc. | 3873 | 250937 |
| Metro, Inc. | 3528 | 236949 |
| Quebecor, Inc., Class B | 5480 | 172547 |
| Suncor Energy, Inc. | 11907 | 498285 |
| Torex Gold Resources, Inc. (\*) | 3458 | 143717 |
|  |  | 5400381 |
| **China \| 0.3%** |  |  |
| BOC Hong Kong Holdings Ltd. | 127000 | 597029 |
| **Denmark \| 0.1%** |  |  |
| Carlsberg AS, Class B ADR | 6632 | 154327 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Finland \| 0.1%** |  |  |
| Kone OYJ ADR | 5806 | $197985 |
| **France \| 1.8%** |  |  |
| Airbus SE | 498 | 116415 |
| BNP Paribas SA | 11242 | 1024801 |
| Bureau Veritas SA ADR | 2372 | 148274 |
| EssilorLuxottica SA ADR | 1210 | 197230 |
| Gaztransport Et Technigaz SA | 1847 | 341566 |
| Legrand SA ADR | 6956 | 230313 |
| LVMH Moet Hennessy Louis Vuitton SE ADR | 1209 | 147873 |
| Orange SA | 30550 | 495608 |
| Pernod Ricard SA | 864 | 84953 |
| Pernod Ricard SA ADR | 3833 | 74973 |
| Societe Generale SA | 8705 | 579016 |
| Technip Energies NV | 2271 | 106903 |
| TotalEnergies SE | 3671 | 224008 |
|  |  | 3771933 |
| **Germany \| 0.2%** |  |  |
| Rheinmetall AG | 147 | 342195 |
| TUI AG (\*) | 22425 | 204270 |
|  |  | 546465 |
| **Hong Kong \| 0.7%** |  |  |
| AIA Group Ltd. ADR | 3760 | 144497 |
| CLP Holdings Ltd. | 37000 | 306670 |
| HKT Trust & HKT Ltd. | 108000 | 159877 |
| Sun Hung Kai Properties Ltd. | 11500 | 137931 |
| Techtronic Industries Co. Ltd. ADR | 4194 | 267766 |
| WH Group Ltd. (#) | 439500 | 477703 |
|  |  | 1494444 |
| **Ireland \| 0.2%** |  |  |
| Accenture PLC, Class A | 1437 | 354364 |
| AIB Group PLC | 16125 | 146338 |
|  |  | 500702 |
| **Israel \| 0.1%** |  |  |
| Bank Hapoalim BM | 5760 | 117113 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Wix.com Ltd. (\*) | 864 | $153472 |
|  |  | 270585 |
| **Italy \| 0.6%** |  |  |
| Intesa Sanpaolo SpA | 72838 | 481686 |
| Italgas SpA | 9339 | 85930 |
| Leonardo SpA | 2255 | 143246 |
| Lottomatica Group SpA | 3891 | 105150 |
| Telecom Italia SpA (\*) | 367127 | 192154 |
| UniCredit SpA | 2478 | 188139 |
|  |  | 1196305 |
| **Japan \| 4.4%** |  |  |
| Activia Properties, Inc. REIT | 125 | 113829 |
| Alps Alpine Co. Ltd. | 9800 | 124063 |
| ANA Holdings, Inc. | 8200 | 158697 |
| Asahi Kasei Corp. | 36500 | 286990 |
| Bandai Namco Holdings, Inc. | 2300 | 76452 |
| Central Japan Railway Co. | 9100 | 261241 |
| Chugoku Electric Power Co., Inc. | 18300 | 104417 |
| Daito Trust Construction Co. Ltd. | 3500 | 76767 |
| Daiwa House Industry Co. Ltd. | 7500 | 269619 |
| Denso Corp. | 8300 | 119525 |
| East Japan Railway Co. | 7900 | 193586 |
| Electric Power Development Co. Ltd. | 20800 | 390462 |
| FANUC Corp. ADR | 10891 | 155741 |
| Japan Airlines Co. Ltd. | 36500 | 737196 |
| Japan Post Holdings Co. Ltd. | 44000 | 436824 |
| KDDI Corp. | 12900 | 206704 |
| Kirin Holdings Co. Ltd. | 8800 | 129036 |
| Kuraray Co. Ltd. | 5400 | 62115 |
| Kyoto Financial Group, Inc. | 3600 | 76435 |
| Leopalace21 Corp. | 27000 | 130188 |
| MEIJI Holdings Co. Ltd. | 6700 | 138919 |
| Mitsubishi Chemical Group Corp. | 15200 | 87632 |
| Mitsubishi Electric Corp. | 24100 | 627406 |
| Mitsui Fudosan Co. Ltd. | 19600 | 214114 |
| Mizuho Financial Group, Inc. ADR | 54713 | 366577 |
| Mizuho Financial Group, Inc. | 6700 | 224249 |
| MS&AD Insurance Group Holdings, Inc. | 13400 | 304002 |
| Nagoya Railroad Co. Ltd. | 6400 | 76444 |
| NGK Insulators Ltd. | 18900 | 316464 |
| Nintendo Co. Ltd. ADR | 5210 | 111181 |
| NTT, Inc. | 443200 | 463448 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Orix JREIT, Inc. | 308 | $208672 |
| Resona Holdings, Inc. ADR | 10086 | 203737 |
| Sankyo Co. Ltd. | 3900 | 67741 |
| SHO-BOND Holdings Co. Ltd. | 2500 | 82167 |
| SoftBank Corp. | 281700 | 414332 |
| Sompo Holdings, Inc. | 5700 | 176043 |
| Sony Financial Group, Inc. (\*) | 3800 | 4214 |
| Sony Group Corp. | 3800 | 109042 |
| Terumo Corp. | 6700 | 110575 |
| Tokyo Electron Ltd. | 1100 | 198330 |
| Toyoda Gosei Co. Ltd. | 3100 | 77053 |
| Toyota Boshoku Corp. | 5800 | 96094 |
| Toyota Motor Corp. | 21000 | 401891 |
|  |  | 9190214 |
| **Monaco \| 0.1%** |  |  |
| Scorpio Tankers, Inc. | 4395 | 246340 |
| **Netherlands \| 0.9%** |  |  |
| Argenx SE ADR (\*) | 245 | 180702 |
| ASM International NV | 361 | 216961 |
| ASML Holding NV | 506 | 489853 |
| Koninklijke Ahold Delhaize NV | 7103 | 287360 |
| Koninklijke KPN NV | 28949 | 138998 |
| Wolters Kluwer NV | 1788 | 244076 |
| Wolters Kluwer NV ADR | 2257 | 309570 |
|  |  | 1867520 |
| **Norway \| 0.0%** |  |  |
| Orkla ASA | 7292 | 76302 |
| **Portugal \| 0.2%** |  |  |
| EDP SA | 75526 | 358738 |
| **Singapore \| 0.5%** |  |  |
| Jardine Cycle & Carriage Ltd. | 4200 | 93321 |
| Sea Ltd. ADR (\*) | 827 | 147810 |
| Singapore Technologies Engineering Ltd. | 15600 | 104274 |
| United Overseas Bank Ltd. | 7300 | 195836 |
| UOL Group Ltd. | 70600 | 427414 |
|  |  | 968655 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Spain \| 0.3%** |  |  |
| Acciona SA | 1001 | $201879 |
| Banco Santander SA | 10436 | 109070 |
| Industria de Diseno Textil SA ADR | 17315 | 239120 |
|  |  | 550069 |
| **Sweden \| 0.2%** |  |  |
| Assa Abloy AB ADR | 10073 | 174565 |
| Essity AB, Class B | 2720 | 71137 |
| Hexagon AB ADR | 18299 | 217575 |
|  |  | 463277 |
| **Switzerland \| 0.4%** |  |  |
| ABB Ltd. ADR | 6823 | 490915 |
| TE Connectivity PLC | 1508 | 331051 |
|  |  | 821966 |
| **United Kingdom \| 2.5%** |  |  |
| Admiral Group PLC | 1760 | 79574 |
| AstraZeneca PLC ADR | 3895 | 298825 |
| AstraZeneca PLC | 2010 | 307034 |
| Barclays PLC | 115686 | 593214 |
| Coca-Cola Europacific Partners PLC | 3256 | 294375 |
| Diageo PLC ADR | 2842 | 271212 |
| Global Ship Lease, Inc., Class A | 5085 | 156110 |
| HSBC Holdings PLC | 46412 | 655094 |
| International Consolidated Airlines Group SA | 59336 | 311211 |
| NatWest Group PLC | 62669 | 439879 |
| RELX PLC ADR | 8040 | 383990 |
| Rolls-Royce Holdings PLC | 19836 | 317570 |
| Standard Chartered PLC | 43627 | 845470 |
| Unilever PLC ADR | 5555 | 329301 |
|  |  | 5282859 |
| **United States \| 41.2%** |  |  |
| AdaptHealth Corp. (\*) | 17817 | 159462 |
| Adobe, Inc. (\*) | 2649 | 934435 |
| ADT, Inc. | 40720 | 354671 |
| AES Corp. | 11970 | 157525 |
| Airbnb, Inc., Class A (\*) | 1547 | 187837 |
| Akamai Technologies, Inc. (\*) | 1485 | 112504 |
| Allison Transmission Holdings, Inc. | 1163 | 98715 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Allstate Corp. | 553 | $118701 |
| Alphabet, Inc., Class A | 1803 | 438309 |
| Alphabet, Inc., Class C | 12146 | 2958158 |
| Altria Group, Inc. | 5328 | 351968 |
| Amazon.com, Inc. (\*) | 18569 | 4077195 |
| Amdocs Ltd. | 4859 | 398681 |
| American Electric Power Co., Inc. | 3305 | 371813 |
| American International Group, Inc. | 2126 | 166976 |
| Ameriprise Financial, Inc. | 610 | 299662 |
| AMETEK, Inc. | 1381 | 259628 |
| Amgen, Inc. | 412 | 116266 |
| Amphenol Corp., Class A | 3472 | 429660 |
| Antero Midstream Corp. | 9068 | 176282 |
| Aon PLC, Class A | 1091 | 389029 |
| Apple, Inc. | 15029 | 3826834 |
| Assurant, Inc. | 462 | 100069 |
| AT&T, Inc. | 3111 | 87855 |
| Atlassian Corp., Class A (\*) | 646 | 103166 |
| Atmos Energy Corp. | 1721 | 293861 |
| Autodesk, Inc. (\*) | 1759 | 558782 |
| Automatic Data Processing, Inc. | 271 | 79538 |
| Avery Dennison Corp. | 700 | 113519 |
| Axis Capital Holdings Ltd. | 2343 | 224459 |
| Bank of America Corp. | 5760 | 297158 |
| Bank of New York Mellon Corp. | 2468 | 268913 |
| Becton Dickinson & Co. | 2275 | 425812 |
| Biogen, Inc. (\*) | 1351 | 189248 |
| BJ's Wholesale Club Holdings, Inc. (\*) | 2353 | 219417 |
| Booking Holdings, Inc. | 118 | 637114 |
| Booz Allen Hamilton Holding Corp. | 4117 | 411494 |
| Brinker International, Inc. (\*) | 875 | 110845 |
| Bristol-Myers Squibb Co. | 5543 | 249989 |
| Broadcom, Inc. | 4460 | 1471399 |
| Cal-Maine Foods, Inc. | 863 | 81208 |
| Cardinal Health, Inc. | 2913 | 457224 |
| Carnival PLC ADR (\*) | 4662 | 123263 |
| Centene Corp. (\*) | 2557 | 91234 |
| Central Garden & Pet Co., Class A (\*) | 2572 | 75951 |
| CF Industries Holdings, Inc. | 1454 | 130424 |
| Charles Schwab Corp. | 5023 | 479546 |
| Chubb Ltd. | 310 | 87497 |
| Cigna Group | 619 | 178427 |
| Cirrus Logic, Inc. (\*) | 2677 | 335401 |
| Cisco Systems, Inc. | 1942 | 132872 |
| Citigroup, Inc. | 1559 | 158238 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Clear Secure, Inc., Class A | 5288 | $176513 |
| CME Group, Inc. | 1321 | 356921 |
| Coca-Cola Co. | 5839 | 387242 |
| Cognizant Technology Solutions Corp., Class A | 1850 | 124079 |
| Colgate-Palmolive Co. | 4693 | 375158 |
| Columbia Banking System, Inc. | 3517 | 90528 |
| Comfort Systems USA, Inc. | 870 | 717907 |
| Conagra Brands, Inc. | 8995 | 164698 |
| Consolidated Edison, Inc. | 784 | 78808 |
| Corpay, Inc. (\*) | 390 | 112343 |
| Corteva, Inc. | 1846 | 124845 |
| Costco Wholesale Corp. | 505 | 467443 |
| Coterra Energy, Inc. | 3089 | 73055 |
| Coursera, Inc. (\*) | 12465 | 145965 |
| CRH PLC | 1294 | 155151 |
| Curtiss-Wright Corp. | 947 | 514164 |
| Danaher Corp. | 1330 | 263686 |
| Darden Restaurants, Inc. | 905 | 172276 |
| Deckers Outdoor Corp. (\*) | 687 | 69641 |
| DHT Holdings, Inc. | 16574 | 198059 |
| Docusign, Inc. (\*) | 1608 | 115921 |
| Dollar General Corp. | 684 | 70691 |
| DTE Energy Co. | 596 | 84292 |
| eBay, Inc. | 1192 | 108412 |
| Electronic Arts, Inc. | 1149 | 231753 |
| Eli Lilly & Co. | 980 | 747740 |
| EMCOR Group, Inc. | 219 | 142249 |
| Encompass Health Corp. | 1334 | 169445 |
| Entergy Corp. | 3129 | 291592 |
| Equifax, Inc. | 836 | 214459 |
| Equitable Holdings, Inc. | 4690 | 238158 |
| Euronet Worldwide, Inc. (\*) | 1009 | 88600 |
| Everest Group Ltd. | 341 | 119428 |
| EverQuote, Inc., Class A (\*) | 5050 | 115493 |
| Exelixis, Inc. (\*) | 2009 | 82972 |
| Exelon Corp. | 2462 | 110815 |
| Exxon Mobil Corp. | 1324 | 149281 |
| F5, Inc. (\*) | 1184 | 382657 |
| Fidelity National Information Services, Inc. | 1769 | 116648 |
| FirstEnergy Corp. | 1953 | 89486 |
| Fiserv, Inc. (\*) | 3388 | 436815 |
| Flex Ltd. (\*) | 1627 | 94317 |
| Fox Corp., Class A | 4758 | 300039 |
| Garmin Ltd. | 2529 | 622690 |
| GE Vernova, Inc. | 223 | 137123 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| General Dynamics Corp. | 4531 | $1545071 |
| General Mills, Inc. | 3747 | 188924 |
| General Motors Co. | 1739 | 106027 |
| Genpact Ltd. | 2772 | 116119 |
| Gilead Sciences, Inc. | 4182 | 464202 |
| Global Payments, Inc. | 8366 | 695047 |
| Goldman Sachs Group, Inc. | 593 | 472236 |
| GSK PLC | 16751 | 360152 |
| H&R Block, Inc. | 2643 | 133657 |
| Hartford Insurance Group, Inc. | 5021 | 669751 |
| HCA Healthcare, Inc. | 645 | 274899 |
| HealthEquity, Inc. (\*) | 1687 | 159877 |
| Hess Midstream LP, Class A | 6670 | 230449 |
| Hewlett Packard Enterprise Co. | 3704 | 90970 |
| Horace Mann Educators Corp. | 3735 | 168710 |
| Illinois Tool Works, Inc. | 1970 | 513697 |
| Ingredion, Inc. | 1771 | 216257 |
| Intercontinental Exchange, Inc. | 2247 | 378575 |
| Intuit, Inc. | 1509 | 1030511 |
| Invitation Homes, Inc. REIT | 2406 | 70568 |
| IQVIA Holdings, Inc. (\*) | 1376 | 261357 |
| Jackson Financial, Inc., Class A | 1669 | 168953 |
| Johnson & Johnson | 4262 | 790260 |
| Kimberly-Clark Corp. | 4164 | 517752 |
| KLA Corp. | 321 | 346231 |
| Kroger Co. | 3361 | 226565 |
| Laureate Education, Inc. (\*) | 3414 | 107678 |
| Lennox International, Inc. | 164 | 86815 |
| Lockheed Martin Corp. | 1276 | 636992 |
| Maplebear, Inc. (\*) | 3992 | 146746 |
| MasTec, Inc. (\*) | 1113 | 236858 |
| Mastercard, Inc., Class A | 1243 | 707031 |
| Mattel, Inc. (\*) | 7151 | 120351 |
| McDonald's Corp. | 895 | 271982 |
| McGrath RentCorp | 1702 | 199645 |
| McKesson Corp. | 153 | 118199 |
| MDA Space Ltd. (\*) | 4530 | 112819 |
| Merck & Co., Inc. | 20010 | 1679439 |
| Meta Platforms, Inc., Class A | 2669 | 1960060 |
| Micron Technology, Inc. | 4391 | 734702 |
| Microsoft Corp. | 8624 | 4466801 |
| Morgan Stanley | 766 | 121763 |
| Morningstar, Inc. | 924 | 214377 |
| Motorola Solutions, Inc. | 565 | 258369 |
| Nasdaq, Inc. | 10738 | 949776 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| NetApp, Inc. | 1387 | $164304 |
| Netflix, Inc. (\*) | 1022 | 1225296 |
| NETGEAR, Inc. (\*) | 7277 | 235702 |
| NetScout Systems, Inc. (\*) | 4486 | 115873 |
| Neurocrine Biosciences, Inc. (\*) | 562 | 78894 |
| NewMarket Corp. | 143 | 118434 |
| NIKE, Inc., Class B | 2962 | 206540 |
| NMI Holdings, Inc. (\*) | 1598 | 61267 |
| Northrop Grumman Corp. | 344 | 209606 |
| Novartis AG | 15192 | 1953547 |
| Nutanix, Inc., Class A (\*) | 1481 | 110172 |
| NVIDIA Corp. | 27656 | 5160056 |
| Omega Healthcare Investors, Inc. | 6239 | 263411 |
| Oracle Corp. | 1896 | 533231 |
| Oxford Industries, Inc. | 1503 | 60932 |
| Palantir Technologies, Inc., Class A (\*) | 1855 | 338389 |
| PayPal Holdings, Inc. (\*) | 4373 | 293253 |
| PepsiCo, Inc. | 6174 | 867077 |
| Pfizer, Inc. | 17620 | 448958 |
| PG&E Corp. | 6771 | 102107 |
| Philip Morris International, Inc. | 6168 | 1000450 |
| Pinnacle West Capital Corp. | 2171 | 194652 |
| Pinterest, Inc., Class A (\*) | 7721 | 248385 |
| PJT Partners, Inc., Class A | 372 | 66116 |
| Plexus Corp. (\*) | 1021 | 147728 |
| Portland General Electric Co. | 16787 | 738628 |
| Primoris Services Corp. | 3909 | 536823 |
| Procter & Gamble Co. | 2239 | 344022 |
| PTC, Inc. (\*) | 1449 | 294176 |
| Qorvo, Inc. (\*) | 2074 | 188900 |
| QUALCOMM, Inc. | 4029 | 670264 |
| Regeneron Pharmaceuticals, Inc. | 134 | 75344 |
| Republic Services, Inc. | 285 | 65402 |
| Roche Holding AG | 1742 | 573347 |
| Royal Caribbean Cruises Ltd. | 408 | 132021 |
| Royalty Pharma PLC, Class A | 3892 | 137310 |
| S&P Global, Inc. | 818 | 398129 |
| Salesforce, Inc. | 1395 | 330615 |
| SBA Communications Corp. REIT | 1503 | 290605 |
| Seneca Foods Corp., Class A (\*) | 854 | 92181 |
| ServiceNow, Inc. (\*) | 390 | 358909 |
| Sila Realty Trust, Inc. REIT | 3735 | 93748 |
| Simon Property Group, Inc. REIT | 1685 | 316224 |
| SITE Centers Corp. REIT | 19681 | 177326 |
| Skyworks Solutions, Inc. | 1466 | 112853 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Stride, Inc. (\*) | 621 | $92492 |
| Synchrony Financial | 1358 | 96486 |
| Targa Resources Corp. | 824 | 138053 |
| Target Corp. | 2110 | 189267 |
| Tenet Healthcare Corp. (\*) | 1214 | 246491 |
| Tesla, Inc. (\*) | 2109 | 937914 |
| Texas Instruments, Inc. | 1538 | 282577 |
| Thermo Fisher Scientific, Inc. | 596 | 289072 |
| TJX Cos., Inc. | 5188 | 749874 |
| Toro Co. | 1248 | 95098 |
| Trane Technologies PLC | 234 | 98739 |
| TreeHouse Foods, Inc. (\*) | 4415 | 89227 |
| Uber Technologies, Inc. (\*) | 2110 | 206717 |
| United Rentals, Inc. | 296 | 282579 |
| United Therapeutics Corp. (\*) | 152 | 63720 |
| Universal Corp. | 1810 | 101125 |
| Universal Health Services, Inc., Class B | 2926 | 598191 |
| Unum Group | 1397 | 108659 |
| Urban Outfitters, Inc. (\*) | 1106 | 79002 |
| Veeva Systems, Inc., Class A (\*) | 385 | 114695 |
| VeriSign, Inc. | 269 | 75204 |
| Verizon Communications, Inc. | 8478 | 372608 |
| Visa, Inc., A Shares | 1376 | 469739 |
| Vontier Corp. | 1799 | 75504 |
| Walt Disney Co. | 10225 | 1170763 |
| Western Union Co. | 12621 | 100842 |
| Xcel Energy, Inc. | 11184 | 901990 |
| Zoetis, Inc. | 2561 | 374726 |
|  |  | 86447573 |
| **Total Common Stocks**<br>(Cost $91,171,369) |  | 122949188 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Corporate Bonds \| 10.7%** |  |  |  |
| **Australia \| 0.3%** |  |  |  |
| Telstra Group Ltd., <br> 4.000%, 04/19/27 (\*\*) | AUD | $1000 | $662090 |
| **Canada \| 0.4%** |  |  |  |
| Canadian Imperial Bank of Commerce, <br> 3.800% (1 day CAD Overnight Index+1.100%), 12/10/30 (§) | CAD | 530 | 387067 |
| Toronto-Dominion Bank, <br> 5.141%, 09/13/28 (\*\*) | USD | 485 | 501747 |
|  |  |  | 888814 |
| **Denmark \| 0.5%** |  |  |  |
| Nykredit Realkredit AS, <br> 1.000%, 01/01/27 | DKK | 6475 | 1006613 |
| **Germany \| 0.5%** |  |  |  |
| Commerzbank AG, <br> 3.375%, 12/12/25 (\*\*) | EUR | 305 | 359102 |
| Mercedes-Benz Group AG, <br> 0.750%, 09/10/30 (\*\*) | EUR | 585 | 619027 |
|  |  |  | 978129 |
| **Norway \| 0.5%** |  |  |  |
| DNB Boligkreditt AS, <br> 4.750% (3 Month NOK NIBOR+0.450%), 02/08/28 (§) | NOK | 10000 | 1006909 |
| **Singapore \| 0.2%** |  |  |  |
| Temasek Financial I Ltd., <br> 2.750%, 08/28/34 (\*\*) | CNY | 3080 | 447822 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Sweden \| 0.1%** |  |  |  |
| Swedbank Hypotek AB, <br> 3.000%, 03/28/29 (\*\*) | SEK | $2100 | $226888 |
| **Switzerland \| 0.4%** |  |  |  |
| ABB Finance USA, Inc., <br> 4.375%, 05/08/42 | USD | 350 | 314493 |
| Pfandbriefzentrale der schweizerischen Kantonalbanken AG, <br> Series 405, 2.000%, 10/30/25 (\*\*) | CHF | 115 | 144673 |
| UBS Group AG, <br> 4.750% (1-Year EURIBOR ICE Swap+1.600%), 03/17/32 (\*\*), (§) | EUR | 290 | 365594 |
|  |  |  | 824760 |
| **United Kingdom \| 0.8%** |  |  |  |
| Ashtead Capital, Inc., <br> 4.250%, 11/01/29 (\*\*) | USD | 1295 | 1277181 |
| Tesco Corporate Treasury Services PLC, <br> 2.750%, 04/27/30 (\*\*) | GBP | 345 | 424068 |
|  |  |  | 1701249 |
| **United States \| 7.0%** |  |  |  |
| Adobe, Inc.: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.300%, 02/01/30 | USD | 490 | 456048 |
| &nbsp;&nbsp;&nbsp;4.950%, 04/04/34 | USD | 298 | 308139 |
| American Express Co., <br> 5.442% (SOFR+1.320%), 01/30/36 (§) | USD | 325 | 338024 |
| Amgen, Inc., <br> 3.000%, 02/22/29 | USD | 715 | 688433 |
| Apple, Inc., <br> 1.650%, 02/08/31 | USD | 385 | 341122 |
| AT&T, Inc., <br> 5.550%, 11/01/45 | USD | 845 | 836600 |
| Bank of America Corp., <br> 1.978% (CDOR 3 Month+0.600%), 09/15/27 (§) | CAD | 240 | 170947 |
| Clean Harbors, Inc., <br> 4.875%, 07/15/27 (\*\*) | USD | 340 | 339715 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Comcast Corp., <br> 4.650%, 02/15/33 | USD | $655 | $657904 |
| Dell International LLC/EMC Corp., <br> 5.300%, 10/01/29 | USD | 297 | 306684 |
| Eaton Corp., <br> 4.150%, 11/02/42 | USD | 455 | 402092 |
| Goldman Sachs Group, Inc., <br> 0.750%, 03/23/32 (\*\*) | EUR | 830 | 837090 |
| Home Depot, Inc., <br> 5.875%, 12/16/36 | USD | 405 | 441029 |
| John Deere Financial, Inc., <br> 4.380%, 07/11/28 | CAD | 905 | 673330 |
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA, <br> 1.750%, 09/15/30 | USD | 615 | 545158 |
| JPMorgan Chase & Co., <br> 3.540% (SOFR+1.642%), 05/01/28 (§) | USD | 425 | 421286 |
| Kimberly-Clark Corp., <br> 3.200%, 04/25/29 | USD | 88 | 85791 |
| Lowe's Cos., Inc., <br> 4.850%, 10/15/35 | USD | 450 | 446277 |
| McDonald's Corp., <br> 4.857%, 05/21/31 | CAD | 445 | 340143 |
| Microsoft Corp., <br> 3.500%, 11/15/42 | USD | 995 | 822405 |
| Morgan Stanley, <br> 3.625%, 01/20/27 | USD | 170 | 169400 |
| Oracle Corp., <br> 5.250%, 02/03/32 | USD | 490 | 505164 |
| PepsiCo, Inc., <br> 2.875%, 10/15/49 | USD | 355 | 238239 |
| Procter & Gamble Co.: <br> 1.200%, 10/29/30 | USD | 60 | 52510 |
| &nbsp;&nbsp;&nbsp;4.550%, 01/29/34 | USD | 193 | 195861 |
| Prologis Euro Finance LLC, <br> 0.500%, 02/16/32 | EUR | 760 | 753516 |
| Prologis LP, <br> 3.250%, 09/11/29 (\*\*) | CNY | 2940 | 420239 |
| Starbucks Corp., <br> 4.450%, 08/15/49 | USD | 440 | 370595 |
| Stryker Corp., <br> 4.250%, 09/11/29 | USD | 395 | 396031 |
| Sysco Corp., <br> 2.400%, 02/15/30 | USD | 485 | 448715 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| Toyota Motor Credit Corp., <br> 4.650%, 09/03/32 | USD | $430 | $432929 |
| United Rentals North America, Inc., <br> 4.875%, 01/15/28 | USD | 655 | 653000 |
| Verizon Communications, Inc., <br> 3.875%, 02/08/29 | USD | 194 | 192603 |
| Waste Management, Inc., <br> 4.800%, 03/15/32 | USD | 327 | 334121 |
|  |  |  | 14621140 |
| **Total Corporate Bonds**<br> (Cost $21,679,970) |  |  | 22364414 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Exchange-Traded Funds \| 4.2%** |  |  |
| iShares MSCI World ETF <br> (Cost $8,050,354) | 48035 | $8721235 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Foreign Government Obligations \| 16.5%** | **Foreign Government Obligations \| 16.5%** | **Foreign Government Obligations \| 16.5%** |  |
| **Australia \| 0.5%** |  |  |  |
| New South Wales Treasury Corp., <br> 1.250%, 11/20/30 | AUD | $700 | $403360 |
| Queensland Treasury Corp.: <br> 1.250%, 03/10/31 (\*\*) | AUD | 785 | 445592 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/02/34 (\*\*) | AUD | 255 | 169693 |
|  |  |  | 1018645 |
| **Bermuda \| 1.1%** |  |  |  |
| Bermuda Government International Bonds: <br> 3.717%, 01/25/27 (\*\*) | USD | 1080 | 1069740 |
| &nbsp;&nbsp;&nbsp;2.375%, 08/20/30 (#) | USD | 1360 | 1233860 |
|  |  |  | 2303600 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Canada \| 0.8%** |  |  |  |
| British Columbia, <br> 3.200%, 06/18/44 | CAD | $1020 | $620560 |
| Quebec, <br> 1.850%, 02/13/27 | CAD | 950 | 676714 |
| Vancouver, <br> 2.900%, 11/20/25 | CAD | 380 | 273168 |
|  |  |  | 1570442 |
| **Chile \| 0.6%** |  |  |  |
| Bonos de la Tesoreria de la Republica en pesos, <br> 5.000%, 10/01/28 (\*\*) | CLP | 320000 | 323826 |
| Chile Government International Bonds, <br> 0.830%, 07/02/31 | EUR | 1000 | 1026930 |
|  |  |  | 1350756 |
| **Colombia \| 0.4%** |  |  |  |
| Colombia Government International Bonds:<br> 9.850%, 06/28/27 | COP | 1777000 | 446238 |
| &nbsp;&nbsp;&nbsp;8.000%, 04/20/33 | USD | 400 | 436000 |
|  |  |  | 882238 |
| **Costa Rica \| 0.4%** |  |  |  |
| Costa Rica Government International Bonds,<br> 6.125%, 02/19/31 (\*\*) | USD | 810 | 844020 |
| **Croatia \| 0.3%** |  |  |  |
| Croatia Government International Bonds,<br> 1.750%, 03/04/41 (\*\*) | EUR | 590 | 532575 |
| **Czech Republic \| 0.4%** |  |  |  |
| Czech Republic Government Bonds:<br> 3.360% (PRIBOR 6 Month-0.100%),<br> 11/19/27 (\*\*), (§) | CZK | 10130 | 486112 |
| &nbsp;&nbsp;&nbsp;5.000%, 09/30/30 | CZK | 7310 | 366817 |
|  |  |  | 852929 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Denmark \| 0.2%** |  |  |  |
| Denmark Government Bonds, <br> 0.000%, 11/15/31 | DKK | $3710 | $511235 |
| **Estonia \| 0.0%** |  |  |  |
| Estonia Government International Bonds, <br> 3.250%, 01/17/34 (\*\*) | EUR | 70 | 82386 |
| **France \| 0.3%** |  |  |  |
| French Republic Government Bonds OAT, <br> 1.750%, 06/25/39 (\*\*) | EUR | 740 | 680718 |
| **Hungary \| 0.4%** |  |  |  |
| Hungary Government Bonds, <br> 3.250%, 10/22/31 | HUF | 163630 | 415345 |
| Hungary Government International Bonds, <br> 1.750%, 06/05/35 (\*\*) | EUR | 471 | 448769 |
|  |  |  | 864114 |
| **Ireland \| 0.5%** |  |  |  |
| Ireland Government Bonds, <br> 1.350%, 03/18/31 (\*\*) | EUR | 1015 | 1123807 |
| **Israel \| 0.4%** |  |  |  |
| Israel Government Bonds - Fixed, <br> 2.000%, 03/31/27 | ILS | 2650 | 785854 |
| **Italy \| 0.8%** |  |  |  |
| Italy Buoni Poliennali Del Tesoro: <br> 4.000%, 04/30/35 (\*\*) | EUR | 685 | 845670 |
| &nbsp;&nbsp;&nbsp;3.650%, 08/01/35 (\*\*) | EUR | 685 | 814390 |
|  |  |  | 1660060 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Japan \| 1.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Japan Government Forty Year Bonds,<br> 1.400%, 03/20/55 | JPY | $316450 | $1454234 |
| Japan Government Twenty Year Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.500%, 12/20/40 | JPY | 71500 | 375357 |
| &nbsp;&nbsp;&nbsp;2.000%, 12/20/44 | JPY | 99150 | 614330 |
| &nbsp;&nbsp;&nbsp;Japan Government Two Year Bonds,<br> 0.100%, 01/01/26 | JPY | 203050 | 1371640 |
|  |  |  | 3815561 |
| **Mexico \| 0.9%** |  |  |  |
| Mexico Bonos: |  |  |  |
| &nbsp;&nbsp;&nbsp;8.500%, 05/31/29 | MXN | 20380 | 1127430 |
| &nbsp;&nbsp;&nbsp;8.000%, 02/21/36 | MXN | 7500 | 386215 |
| &nbsp;&nbsp;&nbsp;Mexico Government International Bonds,<br> 6.750%, 09/27/34 | USD | 320 | 349680 |
|  |  |  | 1863325 |
| **New Zealand \| 0.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Housing New Zealand Ltd.,<br> 3.420%, 10/18/28 (\*\*) | NZD | 590 | 343647 |
| New Zealand Local Government Funding Agency Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.500%, 04/20/29 (\*\*) | NZD | 1550 | 843194 |
| &nbsp;&nbsp;&nbsp;2.000%, 04/15/37 (\*\*) | NZD | 1135 | 493716 |
|  |  |  | 1680557 |
| **Norway \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Norway Government Bonds,<br> 3.750%, 06/12/35 (\*\*) | NOK | 4290 | 419690 |
| **Panama \| 0.5%** |  |  |  |
| Panama Government International Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;8.875%, 09/30/27 | USD | 395 | 428377 |
| &nbsp;&nbsp;&nbsp;3.875%, 03/17/28 | USD | 685 | 674040 |
|  |  |  | 1102417 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Peru \| 0.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Peru Government Bonds,<br> 5.400%, 08/12/34 | PEN | $3820 | $1064389 |
| &nbsp;&nbsp;&nbsp;Peruvian Government International Bonds,<br> 3.000%, 01/15/34 | USD | 680 | 589900 |
|  |  |  | 1654289 |
| **Poland \| 0.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Poland Government Bonds,<br> 5.010% (WIBOR 6 Month), 05/25/28 (§) | PLN | 1960 | 534978 |
| **Portugal \| 0.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Portugal Obrigacoes do Tesouro OT,<br> 1.650%, 07/16/32 (\*\*) | EUR | 1320 | 1447454 |
| **Romania \| 0.5%** |  |  |  |
| Romania Government Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.200%, 10/28/26 | RON | 3230 | 748171 |
| &nbsp;&nbsp;&nbsp;4.750%, 10/11/34 | RON | 1960 | 378095 |
|  |  |  | 1126266 |
| **Singapore \| 0.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Government Bonds,<br> 3.375%, 09/01/33 | SGD | 860 | 740696 |
| **Slovenia \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Slovenia Government Bonds,<br> 1.500%, 03/25/35 (\*\*) | EUR | 450 | 461114 |
| **Spain \| 0.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Spain Government Bonds,<br> 1.000%, 07/30/42 (\*\*) | EUR | 1520 | 1178536 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Thailand \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Thailand Government Bonds,<br> 1.585%, 12/17/35 | THB | $12120 | $378757 |
| **United Arab Emirates \| 0.2%** |  |  |  |
| Abu Dhabi Government International Bonds,<br>5.000%, 04/30/34 (\*\*) | USD | 400 | 424050 |
| **United Kingdom \| 1.3%** |  |  |  |
| U.K. Gilts: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.875%, 07/31/33 (\*\*) | GBP | 1110 | 1138367 |
| &nbsp;&nbsp;&nbsp;4.500%, 03/07/35 (\*\*) | GBP | 315 | 417043 |
| &nbsp;&nbsp;&nbsp;1.250%, 10/22/41 (\*\*) | GBP | 870 | 674123 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/31/54 (\*\*) | GBP | 355 | 399454 |
|  |  |  | 2628987 |
| **Total Foreign Government Obligations**<br> (Cost $33,120,258) |  |  | 34520056 |
| **Quasi Government Bonds \| 0.8%** |  |  |  |
| **Germany \| 0.8%** |  |  |  |
| Kreditanstalt fuer Wiederaufbau: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 09/15/28 (\*\*) | EUR | 480 | 527821 |
| &nbsp;&nbsp;&nbsp;1.750%, 09/14/29 | USD | 835 | 775524 |
| &nbsp;&nbsp;&nbsp;0.000%, 04/18/36 | USD | 690 | 440980 |
| **Total Quasi Government Bonds**<br> (Cost $1,707,498) |  |  | 1744325 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Supranational Bonds \| 3.8%** | **Supranational Bonds \| 3.8%** | **Supranational Bonds \| 3.8%** |  |
| Asian Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;6.200%, 10/06/26 | INR | $37060 | $416475 |
| &nbsp;&nbsp;&nbsp;2.950%, 06/05/29 | EUR | 305 | 364762 |
| European Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 05/28/27 | TRY | 14800 | 215574 |
| &nbsp;&nbsp;&nbsp;28.000%, 09/27/27 | TRY | 17060 | 380130 |
| &nbsp;&nbsp;&nbsp;4.250%, 02/07/28 | IDR | 9380000 | 552710 |
| &nbsp;&nbsp;&nbsp;European Investment Bank,<br> 1.000%, 01/28/28 (\*\*) | CAD | 1170 | 810307 |
| European Union: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.750%, 02/04/33 (\*\*) | EUR | 355 | 414785 |
| &nbsp;&nbsp;&nbsp;0.400%, 02/04/37 (\*\*) | EUR | 640 | 551604 |
| Inter-American Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;5.100%, 11/17/26 | IDR | 8640000 | 516301 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/17/34 | USD | 385 | 391924 |
| &nbsp;&nbsp;&nbsp;Inter-American Investment Corp.,<br> 1.100%, 06/30/26 | AUD | 662 | 428452 |
| International Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.900%, 11/26/25 | AUD | 193 | 127526 |
| &nbsp;&nbsp;&nbsp;1.250%, 03/16/26 | NOK | 7700 | 761438 |
| &nbsp;&nbsp;&nbsp;1.125%, 09/13/28 | USD | 448 | 416286 |
| &nbsp;&nbsp;&nbsp;9.500%, 02/09/29 | BRL | 5845 | 1026286 |
| International Finance Corp.: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.125%, 04/07/26 | USD | 155 | 153532 |
| &nbsp;&nbsp;&nbsp;1.500%, 04/15/35 | AUD | 1046 | 515027 |
| **Total Supranational Bonds**<br> (Cost $8,291,621) |  |  | 8043119 |
| **U.S. Municipal Bonds \| 0.7%** |  |  |  |
| **United States \| 0.7%** |  |  |  |
| California: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.550%, 04/01/39 | USD | 560 | 683265 |
| &nbsp;&nbsp;&nbsp;5.875%, 10/01/41 | USD | 735 | 766408 |
| **Total U.S. Municipal Bonds**<br> (Cost $1,536,283) |  |  | 1449673 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **U.S. Treasury Securities \| 3.7%** |  |  |  |
| U.S. Treasury Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.750%, 08/15/41 | USD | $3251 | $2205854 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/15/45 | USD | 420 | 422625 |
| &nbsp;&nbsp;&nbsp;3.625%, 02/15/53 | USD | 1562 | 1291396 |
| U.S. Treasury Inflation-Indexed Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.250%, 04/15/28 (††) | USD | 398 | 399993 |
| &nbsp;&nbsp;&nbsp;2.125%, 01/15/35 (††) | USD | 353 | 363537 |
| U.S. Treasury Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 11/15/32 | USD | 2375 | 2402646 |
| &nbsp;&nbsp;&nbsp;4.375%, 05/15/34 | USD | 630 | 644569 |
| **Total U.S. Treasury Securities**<br> (Cost $7,498,807) |  |  | 7730620 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | <br> Fair <br> Value |
| **Warrants \| 0.0%** |  |  |
| **Canada \| 0.0%** |  |  |
| Constellation Software, Inc.,<br> Expires 03/31/40i (\*), (¢)<br> (Cost $0) | 431 | $0 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Short-Term Investments \| 0.6%** |  |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $1,337,356) | 1337356 | $1337356 |
| **Total Investments \| 99.6%**<br> (Cost $174,393,516) (») |  | $**208859986** |
| **Cash and Other Assets in Excess of Liabilities\| 0.4%** |  | **810575** |
| **Net Assets \| 100.0%** |  | $**209670561** |

---

---

| | |
|:---|:---|
| (\*) | Non-income producing security. |
| (#) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 0.9% of net assets of the Portfolio. |
| (\*\*) | Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. September 30, 2025, these securities amounted to 11.9% of net assets of the Portfolio. |
| (§) | Variable and floating rate securities are securities for which interest rate changes are based on changes in a designated base rate. The rates shown are those in effect on September 30, 2025. |
| (††) | A note or bond that offers protection from inflation by paying a fixed rate of interest on the principal amount that is adjusted for inflation, in the applicable region, based on the Consumer Price Index or other equivalent regional benchmarks for measuring inflation. |
| (¢) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (») | The Portfolio, at all times, maintains portfolio securities in sufficient amount to cover its obligations related to investments in forward currency contracts. |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)**

**Forward Currency Contracts open at September 30, 2025:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| AUD | 375629 | USD | 247456 | JPM | 10/16/25 | $1149 | $— |
| AUD | 665766 | USD | 431500 | JPM | 10/16/25 | 9128 |  |
| AUD | 322075 | USD | 212877 | MSC | 10/16/25 | 284 |  |
| AUD | 520000 | USD | 343269 | SSB | 12/29/25 | 1159 |  |
| CAD | 718464 | USD | 520825 | JPM | 10/16/25 |  | 4204 |
| CAD | 535634 | USD | 384286 | JPM | 10/16/25 | 868 |  |
| CHF | 139784 | USD | 177397 | HSB | 10/16/25 |  | 1502 |
| CHF | 66296 | USD | 84095 | HSB | 10/16/25 |  | 673 |
| CHF | 168286 | USD | 211994 | HSB | 10/16/25 |  | 234 |
| CHF | 10199 | USD | 12885 | HSB | 10/16/25 |  | 50 |
| CNY | 36986954 | USD | 5189449 | HSB | 10/16/25 | 1818 |  |
| CZK | 2109341 | USD | 102430 | HSB | 10/16/25 |  | 667 |
| CZK | 810320 | USD | 38570 | HSB | 10/16/25 | 523 |  |
| DKK | 1084709 | USD | 171148 | HSB | 10/16/25 |  | 376 |
| DKK | 1151581 | USD | 181877 | JPM | 10/16/25 |  | 576 |
| EUR | 3513622 | USD | 4134849 | HSB | 10/16/25 |  | 6155 |
| EUR | 1204403 | USD | 1419400 | HSB | 10/16/25 |  | 4162 |
| EUR | 72063 | USD | 85213 | HSB | 10/16/25 |  | 534 |
| EUR | 297003 | USD | 347212 | HSB | 10/16/25 | 1783 |  |
| EUR | 593552 | USD | 693340 | HSB | 10/16/25 | 4115 |  |
| EUR | 1115022 | USD | 1318603 | HSB | 12/29/25 |  | 2888 |
| GBP | 110713 | USD | 150430 | HSB | 10/16/25 |  | 1521 |
| GBP | 228192 | USD | 308192 | HSB | 10/16/25 |  | 1272 |
| GBP | 285987 | USD | 388568 | JPM | 10/16/25 |  | 3914 |
| GBP | 125328 | USD | 170649 | JPM | 10/16/25 |  | 2082 |
| GBP | 343096 | USD | 462826 | SSB | 12/29/25 |  | 1372 |
| HUF | 16911425 | USD | 51077 | HSB | 10/16/25 |  | 210 |
| HUF | 52451012 | USD | 153139 | HSB | 10/16/25 | 4623 |  |
| ILS | 76860 | USD | 22889 | CIT | 10/16/25 | 316 |  |
| ILS | 308939 | USD | 92202 | CIT | 10/16/25 | 1069 |  |
| ILS | 970545 | USD | 290000 | HSB | 10/16/25 | 3015 |  |
| JPY | 310059545 | USD | 2142689 | CIT | 10/16/25 |  | 42966 |
| JPY | 371682116 | USD | 2568321 | HSB | 10/16/25 |  | 51289 |
| JPY | 24926707 | USD | 170735 | HSB | 10/16/25 |  | 1931 |
| JPY | 68730163 | USD | 465802 | HSB | 10/16/25 |  | 361 |
| KRW | 1342005852 | USD | 982190 | JPM | 10/16/25 |  | 25091 |
| MXN | 3366357 | USD | 182502 | MSC | 10/16/25 | 1045 |  |
| NOK | 1406592 | USD | 141451 | HSB | 10/16/25 |  | 490 |
| NOK | 1076477 | USD | 106393 | HSB | 10/16/25 | 1486 |  |
| NZD | 338163 | USD | 198221 | HSB | 10/16/25 |  | 2069 |
| PEN | 1591403 | USD | 446434 | JPM | 10/16/25 | 11743 |  |
| PLN | 237193 | USD | 65590 | HSB | 10/16/25 |  | 344 |
| RON | 346152 | USD | 79324 | CIT | 10/16/25 | 547 |  |
| RON | 607916 | USD | 140855 | HSB | 10/16/25 |  | 583 |
| RON | 183330 | USD | 42086 | HSB | 10/16/25 | 216 |  |
| RON | 2005612 | USD | 459646 | MSC | 10/16/25 | 3133 |  |
| SEK | 206965 | USD | 22109 | MSC | 10/16/25 |  | 105 |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| SEK | 1416645 | USD | 149417 | MSC | 10/16/25 | $1199 | $— |
| SGD | 112335 | USD | 87700 | JPM | 10/16/25 |  | 516 |
| THB | 20400000 | USD | 627963 | HSB | 10/16/25 | 2279 |  |
| USD | 110949 | AUD | 168577 | HSB | 10/16/25 |  | 621 |
| USD | 135000 | AUD | 204692 | HSB | 10/16/25 |  | 473 |
| USD | 1783568 | AUD | 2709925 | JPM | 10/16/25 |  | 9959 |
| USD | 291151 | AUD | 442367 | MSC | 10/16/25 |  | 1624 |
| USD | 143337 | CAD | 195176 | CIT | 10/16/25 | 2993 |  |
| USD | 436171 | CAD | 598015 | CIT | 10/16/25 | 6161 |  |
| USD | 240000 | CAD | 330404 | JPM | 10/16/25 | 2419 |  |
| USD | 1543196 | CAD | 2101345 | JPM | 10/16/25 | 32196 |  |
| USD | 139828 | CAD | 190399 | MSC | 10/16/25 | 2919 |  |
| USD | 970889 | CAD | 1333146 | SSB | 12/29/25 | 8983 |  |
| USD | 94274 | CHF | 74285 | HSB | 10/16/25 | 798 |  |
| USD | 25449 | CHF | 20000 | SSB | 12/29/25 | 66 |  |
| USD | 540000 | CNY | 3838805 | HSB | 10/16/25 | 1208 |  |
| USD | 380736 | COP | 1539125000 | HSB | 10/16/25 |  | 11144 |
| USD | 408598 | CZK | 8561975 | HSB | 10/16/25 |  | 4468 |
| USD | 452000 | CZK | 9404448 | HSB | 10/16/25 |  | 1711 |
| USD | 976841 | DKK | 6191050 | HSB | 10/16/25 | 2144 |  |
| USD | 438620 | DKK | 2779761 | JPM | 10/16/25 | 984 |  |
| USD | 27344 | DKK | 173292 | MSC | 10/16/25 | 61 |  |
| USD | 1687500 | EUR | 1434697 | HSB | 10/16/25 | 1654 |  |
| USD | 1132562 | EUR | 962403 | HSB | 10/16/25 | 1686 |  |
| USD | 315000 | GBP | 233782 | HSB | 10/16/25 | 562 |  |
| USD | 608000 | GBP | 448791 | JPM | 10/16/25 | 4373 |  |
| USD | 644164 | HKD | 5000000 | HSB | 12/29/25 | 564 |  |
| USD | 669495 | HKD | 5200000 | SSB | 12/29/25 | 152 |  |
| USD | 470000 | HUF | 163541999 | HSB | 10/16/25 |  | 21903 |
| USD | 178533 | IDR | 2923660000 | HSB | 10/16/25 | 3115 |  |
| USD | 364391 | ILS | 1201146 | CIT | 10/16/25 | 1755 |  |
| USD | 163178 | ILS | 538981 | HSB | 10/16/25 | 455 |  |
| USD | 304915 | ILS | 1007161 | JPM | 10/16/25 | 845 |  |
| USD | 720000 | JPY | 106289834 | CIT | 10/16/25 | 205 |  |
| USD | 831239 | JPY | 121765236 | CIT | 12/29/25 | 526 |  |
| USD | 435310 | JPY | 64055575 | HSB | 10/16/25 | 1526 |  |
| USD | 600000 | JPY | 88370166 | HSB | 10/16/25 | 1557 |  |
| USD | 372720 | JPY | 53939321 | HSB | 10/16/25 | 7443 |  |
| USD | 869455 | JPY | 127333934 | HSB | 12/29/25 | 751 |  |
| USD | 910781 | JPY | 133390641 | SSB | 12/29/25 | 756 |  |
| USD | 15927 | MXN | 299575 | CIT | 10/16/25 |  | 407 |
| USD | 85933 | MXN | 1617826 | JPM | 10/16/25 |  | 2277 |
| USD | 354070 | MXN | 6659349 | MSC | 10/16/25 |  | 9024 |
| USD | 565220 | NOK | 5718871 | HSB | 10/16/25 |  | 7894 |
| USD | 1272222 | NOK | 12876333 | JPM | 10/16/25 |  | 18175 |
| USD | 1013899 | NZD | 1683201 | CIT | 10/16/25 | 37555 |  |
| USD | 277404 | NZD | 460525 | HSB | 10/16/25 | 10276 |  |
| USD | 434000 | NZD | 716026 | HSB | 10/16/25 | 18668 |  |
| USD | 394079 | PEN | 1403984 | CIT | 10/16/25 |  | 10139 |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (concluded)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| USD | 537936 | PEN | 1916395 | HSB | 10/16/25 | $— | $13809 |
| USD | 307162 | PLN | 1122251 | HSB | 10/16/25 |  | 1542 |
| USD | 1105578 | RON | 4819013 | HSB | 10/16/25 |  | 6370 |
| USD | 26830 | SGD | 34118 | CIT | 10/16/25 | 351 |  |
| USD | 149309 | SGD | 189866 | JPM | 10/16/25 | 1953 |  |
| USD | 431284 | SGD | 550000 | SSB | 12/29/25 | 2132 |  |
| USD | 739695 | THB | 23843475 | HSB | 10/16/25 | 3070 |  |
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts |  | $214360 | $279677 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** |
| **Common Stocks \| 96.1%** |  |  |
| **Australia \| 1.1%** |  |  |
| Rio Tinto PLC | 21130 | $1392471 |
| **Belgium \| 1.3%** |  |  |
| KBC Group NV | 13699 | 1641944 |
| **Brazil \| 1.0%** |  |  |
| TOTVS SA | 139100 | 1200406 |
| **Canada \| 2.6%** |  |  |
| Gildan Activewear, Inc. | 35023 | 2023316 |
| Suncor Energy, Inc. | 28002 | 1171831 |
|  |  | 3195147 |
| **China \| 3.0%** |  |  |
| Contemporary Amperex Technology Co. Ltd., Class A | 20200 | 1142357 |
| Li Ning Co. Ltd. | 480500 | 1092364 |
| Tencent Holdings Ltd. | 16300 | 1388691 |
|  |  | 3623412 |
| **Denmark \| 1.6%** |  |  |
| Novo Nordisk AS, Class B | 34653 | 1912697 |
| **Finland \| 1.1%** |  |  |
| Fortum OYJ | 71004 | 1342129 |
| **France \| 13.6%** |  |  |
| Air Liquide SA | 9271 | 1929401 |
| Bureau Veritas SA | 56997 | 1789624 |
| Capgemini SE | 6394 | 930437 |
| Cie de Saint-Gobain SA | 10459 | 1139411 |
| Engie SA | 103906 | 2228844 |
| Legrand SA | 9928 | 1656103 |
| Orange SA | 142503 | 2311802 |
| Pernod Ricard SA | 10625 | 1044706 |
| Societe Generale SA | 25937 | 1725209 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| Thales SA | 6205 | $1944511 |
|  |  | 16700048 |
| **Germany \| 6.3%** |  |  |
| Aumovio SE (\*) | 6241 | 257312 |
| Continental AG | 12481 | 822860 |
| Merck KGaA | 11813 | 1519503 |
| MTU Aero Engines AG | 4249 | 1950173 |
| Siemens AG | 3587 | 967838 |
| Siemens Healthineers AG (#) | 29005 | 1569155 |
| Zalando SE (#), (\*) | 21044 | 645151 |
|  |  | 7731992 |
| **Greece \| 2.1%** |  |  |
| National Bank of Greece SA | 174977 | 2548601 |
| **Hong Kong \| 3.2%** |  |  |
| AIA Group Ltd. | 250800 | 2403978 |
| Techtronic Industries Co. Ltd. | 119000 | 1526687 |
|  |  | 3930665 |
| **Israel \| 1.5%** |  |  |
| Bank Hapoalim BM | 88465 | 1798675 |
| **Italy \| 2.8%** |  |  |
| Lottomatica Group SpA | 44819 | 1211178 |
| UniCredit SpA | 29393 | 2231626 |
|  |  | 3442804 |
| **Japan \| 15.4%** |  |  |
| Bandai Namco Holdings, Inc. | 37800 | 1256476 |
| Ebara Corp. | 15900 | 363727 |
| FANUC Corp. | 36700 | 1045765 |
| MatsukiyoCocokara & Co. | 54500 | 1106576 |
| Mitsui Fudosan Co. Ltd. | 104400 | 1140487 |
| Mizuho Financial Group, Inc. | 63800 | 2135382 |
| NEC Corp. | 43400 | 1387459 |
| Nippon Sanso Holdings Corp. | 30500 | 1080768 |
| Nitori Holdings Co. Ltd. | 48500 | 934918 |
| Otsuka Holdings Co. Ltd. | 26700 | 1426420 |
| Resona Holdings, Inc. | 132600 | 1349863 |
| Shimadzu Corp. | 73300 | 1848455 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** |
| Shin-Etsu Chemical Co. Ltd. | 36500 | $1194376 |
| Suzuki Motor Corp. | 78800 | 1148646 |
| Toyo Suisan Kaisha Ltd. | 20800 | 1488653 |
|  |  | 18907971 |
| **Mexico \| 0.9%** |  |  |
| Arca Continental SAB de CV | 99400 | 1042225 |
| **Netherlands \| 6.5%** |  |  |
| ASML Holding NV | 3332 | 3248575 |
| IMCD NV | 10583 | 1094092 |
| ING Groep NV | 83400 | 2173490 |
| Universal Music Group NV | 49810 | 1445690 |
|  |  | 7961847 |
| **South Korea \| 1.5%** |  |  |
| Samsung Electronics Co. Ltd. | 31225 | 1876822 |
| **Spain \| 4.0%** |  |  |
| Banco Santander SA | 176736 | 1847119 |
| Bankinter SA | 127687 | 2014123 |
| Industria de Diseno Textil SA | 20066 | 1108570 |
|  |  | 4969812 |
| **Sweden \| 2.9%** |  |  |
| Hexagon AB, B Shares | 142963 | 1714915 |
| Sandvik AB | 65710 | 1840146 |
|  |  | 3555061 |
| **Switzerland \| 2.8%** |  |  |
| ABB Ltd. | 33241 | 2395803 |
| Cie Financiere Richemont SA, Class A | 5744 | 1102152 |
|  |  | 3497955 |
| **Taiwan \| 1.0%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 4337 | 1211281 |
| **United Kingdom \| 13.9%** |  |  |
| 3i Group PLC | 28471 | 1569792 |
| AstraZeneca PLC | 14818 | 2263498 |
| Coca-Cola Europacific Partners PLC | 13026 | 1179478 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| Compass Group PLC | 47062 | $1603381 |
| Croda International PLC | 38425 | 1404464 |
| Howden Joinery Group PLC | 95417 | 1091946 |
| IMI PLC | 51189 | 1585404 |
| JD Sports Fashion PLC | 441262 | 566069 |
| RELX PLC | 52709 | 2517498 |
| Unilever PLC | 55814 | 3299285 |
|  |  | 17080815 |
| **United States \| 6.0%** |  |  |
| Amcor PLC CDI | 134990 | 1099310 |
| Aon PLC, Class A | 4390 | 1565386 |
| Chubb Ltd. | 3374 | 952311 |
| CRH PLC | 10383 | 1244922 |
| ICON PLC (\*) | 5513 | 964775 |
| Medtronic PLC | 16534 | 1574698 |
|  |  | 7401402 |
| **Total Common Stocks**<br> (Cost $91,079,931) |  | 117966182 |
| **Preferred Stocks \| 1.1%** |  |  |
| **Brazil \| 1.1%** |  |  |
| Itau Unibanco Holding SA <br> (Cost $924,371) | 182880 | $1342500 |
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 1.9%** | **Repurchase Agreements \| 1.9%** |  |
| Fixed Income Clearing Corp., <br> 4.19%, 10/01/25 <br> (Dated 09/30/25, collateralized by $2,411,100 United States Treasury Note, 3.875%, 08/15/34, with a fair value of $2,386,990) Proceeds of $2,340,272 <br> (Cost $2,340,000) | $2340 | $2340000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement International Equity Portfolio (concluded)** | **Lazard Retirement International Equity Portfolio (concluded)** | **Lazard Retirement International Equity Portfolio (concluded)** |
| **Short-Term Investments \| 0.1%** | **Short-Term Investments \| 0.1%** |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield) <br> (Cost $131,296) | 131296 | $131296 |
| **Total Investments \| 99.2%**<br> (Cost $94,475,598) |  | $**121779978** |
| **Cash and Other Assets in Excess of Liabilities \| 0.8%** | **Cash and Other Assets in Excess of Liabilities \| 0.8%** | **1038349** |
| **Net Assets \| 100.0%** |  | $**122818327** |

---

---

| | |
|:---|:---|
| | |
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 1.8% of net assets of the Portfolio.* |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** |
| **Common Stocks \| 99.1%** |  |  |
| **Aerospace & Defense \| 1.7%** |  |  |
| StandardAero, Inc. | 20150 | $549894 |
| **Automobile Components \| 1.4%** |  |  |
| Gentherm, Inc. (\*) | 14092 | 479974 |
| **Automobiles \| 1.0%** |  |  |
| Thor Industries, Inc. | 3243 | 336267 |
| **Banks \| 8.6%** |  |  |
| Atlantic Union Bankshares Corp. | 9641 | 340231 |
| BankUnited, Inc. | 16217 | 618841 |
| Commerce Bancshares, Inc. | 9844 | 588277 |
| Home BancShares, Inc. | 19627 | 555444 |
| Wintrust Financial Corp. | 5717 | 757160 |
|  |  | 2859953 |
| **Biotechnology \| 6.7%** |  |  |
| Arcutis Biotherapeutics, Inc. (\*) | 19417 | 366011 |
| Aurinia Pharmaceuticals, Inc. (\*) | 22697 | 250802 |
| Caris Life Sciences, Inc. | 18069 | 546587 |
| Janux Therapeutics, Inc. (\*) | 9153 | 223700 |
| Rhythm Pharmaceuticals, Inc. (\*) | 2474 | 249849 |
| Soleno Therapeutics, Inc. (\*) | 5182 | 350303 |
| Vaxcyte, Inc. (\*) | 7213 | 259812 |
|  |  | 2247064 |
| **Building Products \| 2.3%** |  |  |
| Hayward Holdings, Inc. (\*) | 20805 | 314571 |
| Janus International Group, Inc. (\*) | 44324 | 437478 |
|  |  | 752049 |
| **Capital Markets \| 4.9%** |  |  |
| Bullish | 5207 | 331218 |
| StepStone Group, Inc., Class A | 10446 | 682228 |
| Stifel Financial Corp. | 5545 | 629191 |
|  |  | 1642637 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair<br> Value | Fair<br> Value |
| **Commercial Services & Supplies \| 3.8%** | **Commercial Services & Supplies \| 3.8%** |  |  |
| ABM Industries, Inc. | 11953 | $| 551272 |
| Casella Waste Systems, Inc., Class A (\*) | 7551 |  | 716439 |
|  |  |  | 1267711 |
| **Communications Equipment \| 1.3%** | **Communications Equipment \| 1.3%** |  |  |
| Lumentum Holdings, Inc. (\*) | 2757 |  | 448591 |
| **Construction & Engineering \| 2.0%** |  |  |  |
| Legence Corp., Class A | 10296 |  | 317220 |
| Primoris Services Corp. | 2432 |  | 333986 |
|  |  |  | 651206 |
| **Construction Materials \| 1.3%** |  |  |  |
| Eagle Materials, Inc. | 1906 |  | 444174 |
| **Consumer Finance \| 0.8%** |  |  |  |
| Figure Technology Solutions, Inc., Class A | 6932 |  | 252117 |
| **Consumer Staples Distribution & Retail \| 3.4%** | **Consumer Staples Distribution & Retail \| 3.4%** |  |  |
| BJ's Wholesale Club Holdings, Inc. (\*) | 4348 |  | 405451 |
| Chefs' Warehouse, Inc. (\*) | 5075 |  | 296025 |
| Guardian Pharmacy Services, Inc., Class A (\*) | 16854 |  | 442080 |
|  |  |  | 1143556 |
| **Containers & Packaging \| 2.0%** |  |  |  |
| Graphic Packaging Holding Co. | 17613 |  | 344686 |
| TriMas Corp. | 8168 |  | 315612 |
|  |  |  | 660298 |
| **Electrical Equipment \| 1.4%** |  |  |  |
| EnerSys | 4109 |  | 464153 |
| **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** |
| Coherent Corp. (\*) | 7439 |  | 801329 |
| Mirion Technologies, Inc. (\*) | 14642 |  | 340573 |
|  |  |  | 1141902 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** |
| **Energy Equipment & Services \| 1.5%** | **Energy Equipment & Services \| 1.5%** |  |
| Atlas Energy Solutions, Inc. | 16752 | $190470 |
| Cactus, Inc., Class A | 8111 | 320141 |
|  |  | 510611 |
| **Entertainment \| 1.7%** |  |  |
| Roku, Inc. (\*) | 5784 | 579152 |
| **Ground Transportation \| 1.2%** |  |  |
| Landstar System, Inc. | 3391 | 415601 |
| **Health Care Equipment & Supplies \| 3.8%** | **Health Care Equipment & Supplies \| 3.8%** |  |
| Enovis Corp. (\*) | 17026 | 516569 |
| Inspire Medical Systems, Inc. (\*) | 3592 | 266526 |
| TransMedics Group, Inc. (\*) | 4349 | 487958 |
|  |  | 1271053 |
| **Health Care Technology \| 3.0%** |  |  |
| Doximity, Inc., Class A (\*) | 4811 | 351924 |
| Evolent Health, Inc., Class A (\*) | 47395 | 400962 |
| Schrodinger, Inc. (\*) | 11913 | 238975 |
|  |  | 991861 |
| **Hotels, Restaurants & Leisure \| 4.3%** | **Hotels, Restaurants & Leisure \| 4.3%** |  |
| First Watch Restaurant Group, Inc. (\*) | 44818 | 700954 |
| Kura Sushi USA, Inc., Class A (\*) | 5389 | 320160 |
| Wyndham Hotels & Resorts, Inc. | 5159 | 412204 |
|  |  | 1433318 |
| **Household Durables \| 1.3%** |  |  |
| Meritage Homes Corp. | 6020 | 436029 |
| **Insurance \| 3.1%** |  |  |
| First American Financial Corp. | 10867 | 698096 |
| Reinsurance Group of America, Inc. | 1739 | 334114 |
|  |  | 1032210 |
| **Interactive Media & Services \| 1.8%** |  |  |
| Cars.com, Inc. (\*) | 24939 | 304754 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair<br> Value | Fair<br> Value |
| MediaAlpha, Inc., Class A (\*) | 25215 | $| 286947 |
|  |  |  | 591701 |
| **IT Services \| 2.8%** |  |  |  |
| DigitalOcean Holdings, Inc. (\*) | 27476 |  | 938580 |
| **Leisure Products \| 1.4%** |  |  |  |
| Brunswick Corp. | 7238 |  | 457731 |
| **Life Sciences Tools & Services \| 0.7%** | **Life Sciences Tools & Services \| 0.7%** |  |  |
| Maravai LifeSciences Holdings, Inc., Class A (\*) | 85457 |  | 245262 |
| **Machinery \| 6.2%** |  |  |  |
| Gates Industrial Corp. PLC (\*) | 18633 |  | 462471 |
| Middleby Corp. (\*) | 4329 |  | 575454 |
| Nordson Corp. | 2074 |  | 470694 |
| Toro Co. | 7230 |  | 550926 |
|  |  |  | 2059545 |
| **Media \| 1.2%** |  |  |  |
| NIQ Global Intelligence PLC | 24597 |  | 386173 |
| **Oil, Gas & Consumable Fuels \| 2.1%** | **Oil, Gas & Consumable Fuels \| 2.1%** |  |  |
| Antero Resources Corp. (\*) | 10841 |  | 363824 |
| Magnolia Oil & Gas Corp., Class A | 13752 |  | 328260 |
|  |  |  | 692084 |
| **Pharmaceuticals \| 0.7%** |  |  |  |
| Axsome Therapeutics, Inc. (\*) | 2012 |  | 244357 |
| **Retail REITs \| 2.0%** |  |  |  |
| Brixmor Property Group, Inc. | 23626 |  | 653968 |
| **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** |
| Credo Technology Group Holding Ltd. (\*) | 1842 |  | 268214 |
| Diodes, Inc. (\*) | 9939 |  | 528854 |
| Onto Innovation, Inc. (\*) | 3078 |  | 397739 |
| Rambus, Inc. (\*) | 5108 |  | 532254 |
|  |  |  | 1727061 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** |
| **Software \| 3.3%** |  |  |
| SPS Commerce, Inc. (\*) | 5399 | $562252 |
| Zeta Global Holdings Corp., Class A (\*) | 27336 | 543166 |
|  |  | 1105418 |
| **Specialized REITs \| 2.4%** |  |  |
| CubeSmart | 19778 | 804173 |
| **Specialty Retail \| 2.0%** |  |  |
| Floor & Decor Holdings, Inc., Class A (\*) | 9264 | 682757 |
| **Textiles, Apparel & Luxury Goods \| 1.4%** |  |  |
| Kontoor Brands, Inc. | 5888 | 469686 |
| **Total Common Stocks**<br> (Cost $31,549,432) |  | 33069877 |

---

---

| | | |
|:---|:---|:---|
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 1.0%** |  |  |
| Fixed Income Clearing Corp.,<br> 4.19%, 10/01/25 <br> (Dated 09/30/25, collateralized by $340,100 United States Treasury Note, 3.875%, 08/15/34, with a fair value of $336,771) Proceeds of $330,038<br> (Cost $330,000) | $330 | $330000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Short-Term Investments \| 0.0%** | **Short-Term Investments \| 0.0%** |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $17,572) | 17572 | $17572 |
| **Total Investments \| 100.1%** <br> (Cost $31,897,004) |  | $**33417449** |
| **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **(26365)** |
| **Net Assets \| 100.0%** |  | $**33391084** |

---

*(\*)* *Non-income producing security.*

**Lazard Retirement Series, Inc.** Notes to Portfolio of Investments<br> September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Asset Class/Sector | Lazard<br> Retirement<br> Emerging<br> Markets Equity<br> Portfolio | Lazard<br> Retirement<br> Global<br> Dynamic<br> Multi-Asset<br> Portfolio | Lazard<br> Retirement<br> International<br> Equity<br> Portfolio | Lazard<br> Retirement<br> US Small Cap<br> Equity Select<br> Portfolio |
| Equity |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services | 9.0% | 7.0% | 4.3% | 4.7% |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary | 9.4 | 7.4 | 11.2 | 12.8 |
| &nbsp;&nbsp;&nbsp;Consumer Staples | 7 | 6.6 | 7.5 | 3.4 |
| &nbsp;&nbsp;&nbsp;Energy | 5.5 | 1.3 | 1 | 3.6 |
| &nbsp;&nbsp;&nbsp;Financials | 25.4 | 14.4 | 22.2 | 17.4 |
| &nbsp;&nbsp;&nbsp;Health Care | 4 | 6.7 | 9.2 | 14.9 |
| &nbsp;&nbsp;&nbsp;Industrials | 6.3 | 8.7 | 19.5 | 18.6 |
| &nbsp;&nbsp;&nbsp;Information Technology | 22.1 | 15.8 | 10.9 | 16 |
| &nbsp;&nbsp;&nbsp;Materials | 6.9 | 2.6 | 7.6 | 3.3 |
| &nbsp;&nbsp;&nbsp;Real Estate |  | 1.4 | 0.9 | 4.4 |
| &nbsp;&nbsp;&nbsp;Sovereign Debt |  | 20.3 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Municipal Bonds |  | 0.7 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Securities |  | 3.7 |  |  |
| &nbsp;&nbsp;&nbsp;Utilities | 1.8 | 2.4 | 2.9 |  |
| &nbsp;&nbsp;&nbsp;Other (includes short-term investments) | 2.6 | 1 | 2.8 | 0.9 |
| Total | 100.0% | 100.0% | 100.0% | 100.0% |

---

---

| | |
|:---|:---|
| **Security Abbreviations:** | **Security Abbreviations:** |
| ADR | - American Depositary Receipt |
| CDI | - CHESS Depositary Interest |
| CDOR | - Canadian Dollar Offered Rate |
| ETF | - Exchange-Traded Fund |
| EURIBOR | - Euro Interbank Offered Rate |
| GDR | - Global Depositary Receipt |
| ICE | - Intercontinental Exchange |
| NIBOR | - Norway Interbank Offered Rate |
| PJSC | - Public Joint Stock Company |
| PRIBOR | - Prague Interbank Offered Rate |
| REIT | - Real Estate Investment Trust |
| SOFR | - Secured Overnight Financing Rate |
| WIBOR | - Warsaw Interbank Offered Rate |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| AUD | - Australian Dollar |
| BRL | - Brazilian Real |
| CAD | - Canadian Dollar |
| CHF | - Swiss Franc |
| CLP | - Chilean Peso |
| CNY | - Chinese Renminbi |
| COP | - Colombian Peso |
| CZK | - Czech Koruna |
| DKK | - Danish Krone |
| EUR | - Euro |
| GBP | - British Pound Sterling |
| HKD | - Hong Kong Dollar |
| HUF | - Hungarian Forint |
| IDR | - Indonesian Rupiah |
| ILS | - Israeli Shekel |
| INR | - Indian Rupee |
| JPY | - Japanese Yen |
| KRW | - South Korean Won |
| MXN | - Mexican New Peso |
| NOK | - Norwegian Krone |
| NZD | - New Zealand Dollar |
| PEN | - Peruvian Nuevo Sol |
| PLN | - Polish Zloty |
| RON | - New Romanian Leu |
| SEK | - Swedish Krona |
| SGD | - Singapore Dollar |
| THB | - Thai Baht |
| TRY | - New Turkey Lira |
| USD | - United States Dollar |

---

---

| | |
|:---|:---|
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |
| CIT | - Citibank N.A. |
| HSB | - HSBC Bank USA N.A. |
| JPM | - JPMorgan Chase Bank N.A. |
| MSC | - Morgan Stanley & Co. |
| SSB | - State Street Bank & Trust Co. |

---

Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Fund's policy regarding valuation of investments and derivative financial instruments, refer to notes to the financial statements.

**Item 2. Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Lazard Retirement Series, Inc.

---

| | |
|:---|:---|
| By: | /s/ Nathan A. Paul |
|  | Nathan A. Paul |
|  | Chief Executive Officer |
| Date: | November 24, 2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Nathan A. Paul |
|  | Nathan A. Paul |
|  | Chief Executive Officer |
| Date: | November 24, 2025 |

---

---

| | |
|:---|:---|
| By: | /s/ Christina Kennedy |
|  | Christina Kennedy |
|  | Chief Financial Officer |
| Date: | November 24, 2025 |

---

## 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 RETIREMENT SERIES INC

- **b. Investment Company Act file number:** 811-08071

- **c. CIK number of Registrant:** 0001033669

- **d. LEI of Registrant:** 25490040TBDMVOE6GX23

- **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 Retirement US Small Cap Equity Select Portfolio

- **b. EDGAR series identifier (if any):** S000010298

- **c. LEI of Series:** 549300U7OFESM84ZBM90

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $33489787.00

**Total Liabilities:** $99736.14

**Net Assets:** $33390050.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028474 | 1.26%                | 4.90%                | -0.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $452296.05               | $22663.94                                  |
| Month 2  | $393108.83               | $1420632.96                                |
| Month 3  | $376871.21               | $-503930.92                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nordson Corp                       | Nordson Corp                                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      2074 | NS      | $470694.30    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp             | Primoris Services Corp                                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      2432 | NS      | $333986.56    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp              | Stifel Financial Corp                                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      5545 | NS      | $629191.15    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc          | DigitalOcean Holdings Inc                                  | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     27476 | NS      | $938580.16    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc         | Rhythm Pharmaceuticals Inc                                 | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      2474 | NS      | $249849.26    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                 | Evolent Health Inc                                         | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     47395 | NS      | $400961.70    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                | Meritage Homes Corp                                        | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      6020 | NS      | $436028.60    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc            | Mirion Technologies Inc                                    | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     14642 | NS      | $340572.92    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc      | Janus International Group Inc                              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44324 | NS      | $437477.88    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                 | Kontoor Brands Inc                                         | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      5888 | NS      | $469685.76    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                        | Toro Co/The                                                | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      7230 | NS      | $550926.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                            | EnerSys                                                    | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      4109 | NS      | $464152.64    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence Plc        | NIQ Global Intelligence Plc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     24597 | NS      | $386172.90    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc   | Reinsurance Group of America Inc                           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      1739 | NS      | $334114.07    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp      | First American Financial Corp                              | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     10867 | NS      | $698096.08    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                       | Gentherm Inc                                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     14092 | NS      | $479973.52    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                          | CubeSmart                                                  | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     19778 | NS      | $804173.48    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co       | Graphic Packaging Holding Co                               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17613 | NS      | $344686.41    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC          | Gates Industrial Corp PLC                                  | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     18633 | NS      | $462471.06    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                      | Coherent Corp                                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      7439 | NS      | $801329.08    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors       | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |     17572 | NS      | $17572.27     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp            | Wintrust Financial Corp                                    | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      5717 | NS      | $757159.48    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc   | First Watch Restaurant Group Inc                           | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44818 | NS      | $700953.52    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc        | Inspire Medical Systems Inc                                | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      3592 | NS      | $266526.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc   | BJ's Wholesale Club Holdings Inc                           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4348 | NS      | $405451.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The           | Chefs' Warehouse Inc/The                                   | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      5075 | NS      | $296024.75    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                            | Bullish                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6258 | NS      | $398071.38    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                   | StandardAero Inc                                           | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20150 | NS      | $549893.50    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                         | Cactus Inc                                                 | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      8111 | NS      | $320141.17    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                     | BankUnited Inc                                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     16217 | NS      | $618840.72    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc         | Brixmor Property Group Inc                                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     23626 | NS      | $653967.68    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                       | Doximity Inc                                               | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4811 | NS      | $351924.65    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc              | TransMedics Group Inc                                      | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      4349 | NS      | $487957.80    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                | Eagle Materials Inc                                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1906 | NS      | $444174.24    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc            | Axsome Therapeutics Inc                                    | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |      2012 | NS      | $244357.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                  | Brunswick Corp/DE                                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      7238 | NS      | $457731.12    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                         | Rambus Inc                                                 | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      5108 | NS      | $532253.60    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                         | Diodes Inc                                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      9939 | NS      | $528854.19    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp         | FIXED INC CLEARING CORP.REPO                               | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    330000 | PA      | $330000.00    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Caris Life Sciences Inc            | Caris Life Sciences Inc                                    | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |     18069 | NS      | $546587.25    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR             | Home BancShares Inc/AR                                     | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19627 | NS      | $555444.10    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaAlpha Inc                     | MediaAlpha Inc                                             | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25215 | NS      | $286946.70    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions Inc    | Figure Technology Solutions Inc                            | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6932 | NS      | $252116.84    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc     | Guardian Pharmacy Services Inc                             | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16854 | NS      | $442080.42    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                        | Vaxcyte Inc                                                | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |      7213 | NS      | $259812.26    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc              | Lumentum Holdings Inc                                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      2757 | NS      | $448591.47    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                 | ABM Industries Inc                                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     11953 | NS      | $551272.36    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp     | Atlantic Union Bankshares Corp                             | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9641 | NS      | $340230.89    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                  | Middleby Corp/The                                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      4329 | NS      | $575453.97    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc               | Hayward Holdings Inc                                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20805 | NS      | $314571.60    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                        | TriMas Corp                                                | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      8168 | NS      | $315611.52    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd | Credo Technology Group Holding Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1842 | NS      | $268213.62    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc                 | Kura Sushi USA Inc                                         | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5389 | NS      | $320160.49    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                | Landstar System Inc                                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      3391 | NS      | $415600.96    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc         | Atlas Energy Solutions Inc                                 | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16752 | NS      | $190470.24    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp            | Magnolia Oil & Gas Corp                                    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13752 | NS      | $328260.24    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States      | Schrodinger Inc/United States                              | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |     11913 | NS      | $238974.78    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc        | Arcutis Biotherapeutics Inc                                | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19417 | NS      | $366010.45    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc          | Casella Waste Systems Inc                                  | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      7551 | NS      | $716438.88    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp              | Antero Resources Corp                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     10841 | NS      | $363823.96    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO         | Commerce Bancshares Inc/MO                                 | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9844 | NS      | $588277.44    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                           | Roku Inc                                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      5784 | NS      | $579151.92    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                        | Enovis Corp                                                | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     17026 | NS      | $516568.84    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp          | Zeta Global Holdings Corp                                  | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     27336 | NS      | $543166.32    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                       | Legence Corp                                               | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10296 | NS      | $317219.76    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals Inc        | Aurinia Pharmaceuticals Inc                                | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | CA        |     22697 | NS      | $250801.85    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc            | Soleno Therapeutics Inc                                    | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |      5182 | NS      | $350303.20    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc       | Wyndham Hotels & Resorts Inc                               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      5159 | NS      | $412204.10    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                | Thor Industries Inc                                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      3243 | NS      | $336266.67    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                | StepStone Group Inc                                        | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10446 | NS      | $682228.26    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc         | Floor & Decor Holdings Inc                                 | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      9264 | NS      | $682756.80    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                | Onto Innovation Inc                                        | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      3078 | NS      | $397739.16    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc  | Maravai LifeSciences Holdings Inc                          | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85457 | NS      | $245261.59    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics Inc             | Janux Therapeutics Inc                                     | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9153 | NS      | $223699.32    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                   | SPS Commerce Inc                                           | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      5399 | NS      | $562251.86    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                       | Cars.com Inc                                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     24939 | NS      | $304754.58    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-04

**Name of Applicant:** LAZARD RETIREMENT SERIES INC

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer