Lazard US Small Cap Equity EA Cap $

The Fund aims to achieve capital appreciation over the medium to long term. The Fund is actively managed and will invest in well diversified long-only portfolio comprised primarily of equities (i.e. shares) and equity- related securities (i.e. shares including common and preferred stock, warrants and rights) of or relating to US smaller companies, being companies that are domiciled, incorporated or listed in the United States of America with a market capitalisation range between USD250 million and USD 10 billion (at cost). The securities in which the Fund will invest will primarily be quoted or traded on Regulated Markets in the United States. The Fund may also invest in equities and equity-related securities of companies that are non-US domiciled, incorporated or listed. Such investments will be limited to 10% of the NAV of the Fund. The Investment Manager will seek to identify fundamental investment opportunity insights that are designed to capitalize on marketplace inefficiencies, that can be quantified and tested over a long historical time period. Each Insight, when implemented systematically, is designed to identify stocks within the investment universe that meet a set of specific characteristics or criteria that have been developed and are proprietary to the Investment Manager. 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 Russell 2000 Net of Tax 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 asse

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No