0000930413-13-003119.txt : 20130523 0000930413-13-003119.hdr.sgml : 20130523 20130523151348 ACCESSION NUMBER: 0000930413-13-003119 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20130523 DATE AS OF CHANGE: 20130523 EFFECTIVENESS DATE: 20130523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAZARD FUNDS INC CENTRAL INDEX KEY: 0000874964 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-40682 FILM NUMBER: 13868061 BUSINESS ADDRESS: STREET 1: 30 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10112 BUSINESS PHONE: 2126326000 MAIL ADDRESS: STREET 1: 30 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10112 0000874964 S000010265 Lazard U.S. High Yield Portfolio C000028362 Open Shares LZHOX C000028363 Institutional Shares LZHYX 497 1 c73880_497.htm Untitled Document

RULE 497 DOCUMENT

 

The interactive data file included as an exhibit to this filing relates to the prospectus of The Lazard Funds, Inc. that was filed with the Securities and Exchange Commission pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on April 30, 2013 (Accession No. 0000899681-13-000321), which is incorporated herein by reference.


EX-101.INS 2 cik0000874964-20130430.xml 0000874964 2013-04-30 2013-04-30 0000874964 cik0000874964:S000010265Member 2013-04-30 2013-04-30 LAZARD FUNDS INC 497 false 0000874964 2013-04-30 2013-04-30 2013-04-30 2013-05-01 Lazard U.S. High Yield Portfolio <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"> <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">THE LAZARD FUNDS, INC.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Lazard US High Yield Portfolio</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Supplement to Prospectus and Summary Prospectus dated May 1, 2013</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Effective June 28, 2013</font>, the Board of Directors of The Lazard Funds, Inc. has approved, for Lazard US High Yield Portfolio (the "Portfolio"), changing the Portfolio's policy with respect to the investment of 80% of its assets, and certain related policies, and changing the name of the Portfolio to Lazard US Corporate Income Portfolio.&#160;&#160;Under normal circumstances, the Portfolio will invest at least 80% of its assets in fixed-income securities issued by corporations or other non-governmental issuers similar to corporations, which securities are tied economically to the US.&#160;&#160;The Portfolio typically will invest a substantial portion of its assets, and may invest up to 100% of its assets, in securities rated, at the time of purchase, below investment grade by Standard &amp; Poor's Ratings Group ("S&amp;P") or Moody's Investors Service, Inc. 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Lazard U.S. High Yield Portfolio
Lazard U.S. High Yield Portfolio
THE LAZARD FUNDS, INC.

Lazard US High Yield Portfolio

Supplement to Prospectus and Summary Prospectus dated May 1, 2013

IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY

Effective June 28, 2013, the Board of Directors of The Lazard Funds, Inc. has approved, for Lazard US High Yield Portfolio (the "Portfolio"), changing the Portfolio's policy with respect to the investment of 80% of its assets, and certain related policies, and changing the name of the Portfolio to Lazard US Corporate Income Portfolio.  Under normal circumstances, the Portfolio will invest at least 80% of its assets in fixed-income securities issued by corporations or other non-governmental issuers similar to corporations, which securities are tied economically to the US.  The Portfolio typically will invest a substantial portion of its assets, and may invest up to 100% of its assets, in securities rated, at the time of purchase, below investment grade by Standard & Poor's Ratings Group ("S&P") or Moody's Investors Service, Inc. ("Moody's") and as low as the lowest rating assigned by S&P or Moody's, or the unrated equivalent as determined by Lazard Asset Management LLC ("junk bonds"); however, the Portfolio focuses such investments in high-yielding securities that may be considered "better quality" (B1 or higher by Moody's, B+ or higher by S&P or the unrated equivalent as determined by Lazard Asset Management LLC).  The Portfolio considers a security to be tied economically to the US if:  (i) the issuer is organized under the laws of the US or maintains its principal place of business in the US; (ii) the security is traded principally in the US; or (iii) during the most recent fiscal year of the issuer, the issuer derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in the US or that has at least 50% of its assets in the US.

Dated:  May 1, 2013
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Lazard U.S. High Yield Portfolio
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0000874964_SupplementTextBlock
THE LAZARD FUNDS, INC.

Lazard US High Yield Portfolio

Supplement to Prospectus and Summary Prospectus dated May 1, 2013

IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY

Effective June 28, 2013, the Board of Directors of The Lazard Funds, Inc. has approved, for Lazard US High Yield Portfolio (the "Portfolio"), changing the Portfolio's policy with respect to the investment of 80% of its assets, and certain related policies, and changing the name of the Portfolio to Lazard US Corporate Income Portfolio.  Under normal circumstances, the Portfolio will invest at least 80% of its assets in fixed-income securities issued by corporations or other non-governmental issuers similar to corporations, which securities are tied economically to the US.  The Portfolio typically will invest a substantial portion of its assets, and may invest up to 100% of its assets, in securities rated, at the time of purchase, below investment grade by Standard & Poor's Ratings Group ("S&P") or Moody's Investors Service, Inc. ("Moody's") and as low as the lowest rating assigned by S&P or Moody's, or the unrated equivalent as determined by Lazard Asset Management LLC ("junk bonds"); however, the Portfolio focuses such investments in high-yielding securities that may be considered "better quality" (B1 or higher by Moody's, B+ or higher by S&P or the unrated equivalent as determined by Lazard Asset Management LLC).  The Portfolio considers a security to be tied economically to the US if:  (i) the issuer is organized under the laws of the US or maintains its principal place of business in the US; (ii) the security is traded principally in the US; or (iii) during the most recent fiscal year of the issuer, the issuer derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in the US or that has at least 50% of its assets in the US.

Dated:  May 1, 2013
Risk/Return [Heading] rr_RiskReturnHeading Lazard U.S. High Yield Portfolio
XML 12 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
0 Months Ended
Apr. 30, 2013
Risk/Return:  
Document Type 497
Document Period End Date Apr. 30, 2013
Registrant Name LAZARD FUNDS INC
Central Index Key 0000874964
Amendment Flag false
Document Creation Date Apr. 30, 2013
Document Effective Date Apr. 30, 2013
Prospectus Date May 01, 2013
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