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Lazard U.S. Realty Income Portfolio
| Strategy Profile | Quarterly Fact Sheet | Quarterly Review | Quarterly Holdings |
| Prospectus and Shareholder Report |
 
Fund Description - Institutional Shares Symbol: LRIIX
CUSIP: 52106N343
 

The Lazard U.S. Realty Income Portfolio (the “Portfolio”) invests in dividend-paying preferred and common real estate securities available from real estate related companies, which include, but are not limited to, real estate investment trusts (REITs), real estate operating companies (REOCs) and real estate service companies. It seeks to provide investors with an attractive and growing dividend, along with modest capital appreciation and limited volatility of principal value.


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 U.S. Realty Income Portfolio were approximately $53.6 million, including approximately $38.5 million in the Institutional Shares (LRIIX).

 
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 U.S. Realty Income Portfolio1.234.5011.50N/AN/AN/AN/A22.33
50% Wells Fargo Hybrid and Preferred Securities REIT Index**/50% FTSE NAREIT All Equity REITS Index1.744.709.02N/AN/AN/AN/A18.81
S&P 500 Index-0.637.0811.88N/AN/AN/AN/A24.59
Wells Fargo Hybrid and Preferred Securities REIT Index-0.637.0811.88N/AN/AN/AN/A24.59
 

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.

 
Investment Strategy

 

  • Seeks attractive current income and long-term capital appreciation
  • Offers investors access to an easy and liquid way to own a diversified portfolio of U.S. real estate securities
  • 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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