LEDIX : Lazard Emerging Markets Debt Portfolio Institutional Shares

Fund Summary

The investment seeks total return from current income and capital appreciation. The fund invests primarily in debt securities issued or guaranteed by governments, government agencies or supranational bodies or companies or other private-sector entities. It invests at least 80% of its assets in debt securities that are economically tied to emerging market countries. Emerging market countries include all countries not represented by the MSCI World Index. The fund is non-diversified.