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| Strategy Profile | Quarterly Fact Sheet | Quarterly Review | Fund Description | Performance Update | Investment Strategy | Important Tax Information | Year End Distributions |
| Prospectus and Shareholder Report |
 
Fund Description - Institutional Shares Symbol: LDMIX
CUSIP: 52106N475

The Lazard Developing Markets Equity Portfolio seeks long-term capital appreciation by investing in companies with strong, sustainable growth at a reasonable price. The Portfolio’s returns are compared to the MSCI Emerging Markets Index.

 
As of 06/30/2010, the net assets of all Portfolios of The Lazard Funds, Inc. totaled approximately $14.8 billion. Net assets of Developing Markets Equity Portfolio were approximately $32.0 million, including approximately $23.8 million in the Institutional Shares (LDMIX).

 
Performance (%) (as of 06/30/2010)
         
Annualized Returns
(net of fees)Month-EndThree-MonthYear-To-DateOne-YearThree-YearFive-YearTen-YearSince Inception 9/30/2008
Lazard Developing Markets Equity Portfolio-0.79-8.30-4.4033.17N/AN/AN/A16.45
MSCI Emerging Markets Index-0.73-8.37-6.1723.15N/AN/AN/A11.65
 

The performance quoted represents past performance. Past performance does not guarantee future results. Net-of-fees performance is measured from inception (February 3, 2006). Mutual fund performance fluctuates and currently may be lower than stated. An investor may obtain performance data current to the most recent month-end online at www.LazardNet.com. The investment return and principal value of the Portfolio will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost.

Returns reflect reimbursement of expenses as described in the prospectus. Had expenses not been reimbursed, returns would have been lower and the expense ratio would have been higher.

 
Investment Strategy

  • Invests in companies with sustainable earnings growth and compelling valuations.
  • Utilizes a fundamentally driven stock selection process emphasizing accounting validation.
  • Leverages the strengths of Lazard’s emerging markets platform.
 
 

Please consider the fund’s investment objectives, risks, charges, and expenses carefully before investing. For more complete information about the Lazard Funds, you may obtain a prospectus by calling 800.823.6300. Read the prospectus carefully before you invest. Distributed by Lazard Asset Management Securities LLC.

 
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