0000930413-15-000776.txt : 20150224 0000930413-15-000776.hdr.sgml : 20150224 20150224164526 ACCESSION NUMBER: 0000930413-15-000776 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150224 DATE AS OF CHANGE: 20150224 EFFECTIVENESS DATE: 20150224 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: 15644110 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 S000010263 Lazard International Small Cap Equity Portfolio C000028358 Open Shares LZSMX C000028359 Institutional Shares LZISX C000134184 R6 Shares RLICX 0000874964 S000010264 Lazard Emerging Markets Equity Portfolio C000028360 Open Shares LZOEX C000028361 Institutional Shares LZEMX C000134185 R6 Shares RLEMX 0000874964 S000010265 Lazard US Corporate Income Portfolio C000028362 Open Shares LZHOX C000028363 Institutional Shares LZHYX C000134186 R6 Shares RLCIX 0000874964 S000010266 Lazard US Strategic Equity Portfolio C000028364 Open Shares LZUOX C000028365 Institutional Shares LZUSX C000134187 R6 Shares RLUSX 0000874964 S000010267 Lazard US Equity Concentrated Portfolio C000028366 Open Shares LEVOX C000028367 Institutional Shares LEVIX C000134188 R6 Shares RLUEX 0000874964 S000010268 Lazard US Mid Cap Equity Portfolio C000028368 Open Shares LZMOX C000028369 Institutional Shares LZMIX C000134189 R6 Shares RLMCX 0000874964 S000010272 Lazard International Equity Select Portfolio C000028376 Open Shares LZESX C000028377 Institutional Shares LZSIX C000134192 R6 Shares RLIQX 0000874964 S000010273 Lazard International Strategic Equity Portfolio C000028378 Open Shares LISOX C000028379 Institutional Shares LISIX C000134193 R6 Shares RLITX 0000874964 S000020883 Lazard Capital Allocator Opportunistic Strategies Portfolio C000058929 Institutional Shares LCAIX C000058930 Open Shares LCAOX C000134194 R6 Shares RLCPX 0000874964 S000023480 Lazard Developing Markets Equity Portfolio C000069022 Institutional Shares LDMIX C000069023 Open Shares LDMOX C000134195 R6 Shares RLDMX 0000874964 S000027245 Lazard Global Listed Infrastructure Portfolio C000082231 Institutional Shares GLIFX C000082232 Open Shares GLFOX C000134196 R6 Shares RLGLX 0000874964 S000028828 Lazard Emerging Markets Equity Blend Portfolio C000088404 Institutional Shares EMBIX C000088405 Open Shares EMBOX C000134197 R6 Shares RLEBX 0000874964 S000031123 Lazard Emerging Markets Debt Portfolio C000096531 Institutional Shares LEDIX C000096532 Open Shares LEDOX C000134198 R6 Shares RLEDX 0000874964 S000031124 Lazard US Short Duration Fixed Income Portfolio C000096533 Institutional Shares UMNIX C000096534 Open Shares UMNOX C000134199 R6 Shares RLSDX 0000874964 S000031729 Lazard Emerging Markets Multi Asset Portfolio C000098748 Open Shares EMMOX C000098749 Institutional Shares EMMIX C000134200 R6 Shares RLMSX 0000874964 S000033722 Lazard US Realty Income Portfolio C000103952 Open Shares LRIOX C000105886 Institutional Shares LRIIX C000134201 R6 Shares RLRIX 0000874964 S000033724 Lazard US Realty Equity Portfolio C000103954 Open Shares LREOX C000105887 Institutional Shares LREIX C000134202 R6 Shares RLREX 0000874964 S000033726 Lazard Global Realty Equity Portfolio C000103956 Open Shares LITOX C000105888 Institutional Shares LITIX C000134203 R6 Shares RLGRX 0000874964 S000035892 Lazard Global Fixed Income Portfolio C000110020 Institutional Shares LZGIX C000110021 Open Shares LZGOX C000134204 R6 Shares RLGFX 0000874964 S000037196 Lazard Global Dynamic Multi Asset Portfolio C000114570 Institutional Shares C000114571 Open Shares C000134205 R6 Shares 0000874964 S000041253 Lazard Explorer Total Return Portfolio C000127908 Institutional Shares LETIX C000127909 Open Shares LETOX C000134206 R6 Shares RLETX 0000874964 S000042723 Lazard Emerging Markets Core Equity Portfolio C000132106 Institutional Shares ECEIX C000132107 Open Shares ECEOX C000136816 R6 RLEOX 0000874964 S000043739 Lazard Global Equity Select Portfolio C000135644 Institutional Shares GESIX C000135645 Open Shares GESOX C000135646 R6 Shares RLGEX 0000874964 S000045295 Lazard Emerging Markets Income Portfolio C000141030 Institutional Shares LEIIX C000141031 Open Shares LEIOX C000141032 R6 Shares RLEIX 0000874964 S000045296 Lazard Fundamental Long/Short Portfolio C000141033 Institutional Shares LLSIX C000141034 Open Shares LLSOX C000141035 R6 Shares RFLSX 0000874964 S000046422 Lazard Global Strategic Equity Portfolio C000145068 Institutional Shares LSTIX C000145069 Open Shares LSTOX C000145070 R6 Shares RGSTX 0000874964 S000046423 Lazard International Equity Concentrated Portfolio C000145071 Institutional Shares LCNIX C000145072 Open Shares LCNOX C000145073 R6 Shares RICNX 0000874964 S000046424 Lazard US Small Cap Equity Growth Portfolio C000145074 Institutional Shares GRWIX C000145075 Open Shares GRWOX C000145076 R6 Shares RLSGX 0000874964 S000046841 Lazard Master Alternatives Portfolio C000146366 Institutional Shares LALTX C000146367 Open Shares LALOX C000146368 R6 Shares RMSTX 0000874964 S000047900 Lazard Enhanced Opportunities Portfolio C000150427 Institutional Shares LEOIX C000150428 Open Shares LEOOX C000150429 R6 Shares RLZEX 497 1 c80445_497.htm

THE LAZARD FUNDS, INC.

All Portfolios except Lazard US Small-Mid Cap Equity Portfolio and Lazard International Equity Portfolio

 

Supplement to Prospectuses dated April 30, 2014, August 29, 2014 and December 31, 2014—effective March 31, 2015

 

 

 

The following supplements "Additional Information About Principal Investment Strategies and Risks – Additional Investment About Principal Investment Strategies" in the Prospectuses:

 

Each Portfolio may, but is not required to, enter into futures contracts and/or swap agreements in an effort to protect the Portfolio's investments against a decline in the value of Portfolio investments that could occur following the effective date of a shareholder's redemption order and while the Portfolio is selling securities to meet the redemption request. Since, in this event, the redemption order is priced at the (higher) value of the Portfolio's investments at the effective date of redemption, these transactions would seek to protect the value of other shareholders' Portfolio shares from dilution or magnified losses resulting from the Portfolio selling securities to meet the redemption request while the value of such securities is declining. For the most part, this approach is anticipated to be utilized, if at all, in the case of a redemption by a large shareholder or otherwise if a significant percentage of Portfolio shares is redeemed on a single day, or other similar circumstances.

 

The following supplements "Additional Information About Principal Investment Strategies and Risks – Additional Investment About Principal Investment Risks" in the Prospectuses:

 

Hedging Risk. Derivative instruments, such as futures contracts or swap agreements, even when entered into for the purpose of protecting the value of Portfolio investments (hedging), may reduce returns, such as when such instruments are not well correlated with the investments seeking to be hedged. In addition, while such instruments may protect the value of Portfolio investments from a decline in value, the entry into such instruments for hedging purposes would limit any gains associated with the investments being hedged. The Portfolio's ability to fully hedge its risk may be further limited by regulatory and other constraints.

 

 

February 24, 2015