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Lazard International Realty Equity Portfolio
| Strategy Profile | Quarterly Fact Sheet | Quarterly Holdings | Prospectus and Shareholder Report |
 
Fund Description - Institutional Shares Symbol: LITIX
CUSIP: 52106N368
 

The Lazard International Realty Equity Portfolio (the “Portfolio”) seeks long-term capital appreciation, with current income, including interest and dividends from portfolio securities. The Portfolio is designed to provide investors with diversified exposure to liquid commercial real estate outside of the United States by investing in both developed and emerging markets.

 
As of 04/30/2012, the net assets of all Portfolios of The Lazard Funds, Inc. totaled approximately $17.8 billion. Net assets of Lazard International Realty Equity Portfolio were approximately $3.9 million, including approximately $2.3 million in the Institutional Shares (LITIX).

 
Performance (%) (as of 04/30/2012)
         
Annualized Returns
(net of fees)Month-EndThree-MonthYear-To-DateOne-YearThree-YearFive-YearTen-YearSince Inception 9/26/2011
Lazard International Realty Equity Portfolio1.597.8620.53N/AN/AN/AN/A20.64
FTSE EPRA/NAREIT Global ex US Index1.667.0617.45N/AN/AN/AN/A20.37
S&P Developed Ex U.S. Property IndexN/AN/AN/AN/AN/AN/AN/A
 

The performance quoted represents past performance. Past performance does not guarantee future results. Net-of-fees performance is measured from inception (September 26, 2011). 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.

 
Performance (%) (as of 04/30/2012)
         
Annualized Returns
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The performance quoted represents past performance. Past performance does not guarantee future results. Net-of-fees performance is measured from inception (September 30, 2005). 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

 

  • Harnesses global real estate growth by investing in both developed and emerging markets
  • Hedges against inflation and currency risk
  • Managed by a highly qualified, cohesive, and experienced team with public and private real estate market experience as well as long-standing industry relationships
 
 

Please consider a fund's investment objectives, risks, charges, and expenses carefully before investing. For more complete information about The Lazard Funds, Inc. and current performance, you may obtain a prospectus or summary prospectus by calling 800-823-6300 or going to www.LazardNet.com. Read the prospectus or summary prospectus carefully before you invest. The prospectus and summary prospectus contain investment objectives, risks, charges, expenses, and other information about the Portfolio and The Lazard Funds that may not be detailed in this document. The Lazard Funds are distributed by Lazard Asset Management Securities LLC.

 
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