Lazard Emerging Markets Bond Fund

The investment seeks to maximise total return from income and capital growth. In pursuit of its investment objective, the Fund will build and maintain a diversified portfolio consisting primarily of fixed and/or floating rate Investment Grade, Non-Investment Grade and Unrated bonds and other Fixed Income Securities, which are issued by Emerging Market Companies or which are issued by governments, government agencies or supranational bodies of Emerging Market Countries or which are denominated in emerging market currencies or collateralised by emerging market debt, FDI, units or shares in collective investment schemes and cash. The securities in which the Fund will invest will primarily be denominated in US Dollars or in other Hard Currencies.