Lazard Emerging Markets Eq. Adv. EA Cap EUR Hdg

The Fund aims to achieve long-term capital appreciation. The Fund is actively managed and will seek to achieve its objective primarily by investing in the equity and equity related securities (i.e. shares including exchange traded and over the counter common and preferred stocks, ADRs, GDRs, EDRs, REITs (real estate investment trusts), warrants and rights) of companies that are domiciled, incorporated, listed or derive 50% or more of their net assets and/or revenues from Emerging Market countries. The Investment Manager will use a systematic bottom-up stock selection process. The broad universe of emerging markets stocks will be screened (according to a series of customized measures designed by the Investment Manager and implemented through several proprietary quantitatively-based computer models) for minimum capitalization, data availability and liquidity characteristics in order to arrive at an investible universe of approximately 1,800 emerging market stocks. Each company is then assessed daily in terms of its growth, valuation, market sentiment, and financial quality. The Fund may use derivatives (which are financial contracts whose value is linked to the price of an underlying investment) for the purposes of efficient portfolio management. The Fund has discretion as to which investments it will hold within the limits of the Investment Objective and Policy. The Fund's performance is measured against the performance of the MSCI Emerging Markets Net Total Return USD Index (the "Benchmark"), which the Investment Manager has assessed to be the most appropriate Benchmark for measuring performance. The performance of the Fund seeks to exceed the Benchmark performance. The Fund is not constrained by the Benchmark as it has flexibility to invest in securities and asset classes not included in the Benchmark. Income and profits, if any, attributable to your shares will not be paid out as a dividend but will be accumulated in the Fund on your behalf and reflected in

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No