497

RULE 497 DOCUMENT

The interactive data file included as an exhibit to this filing relates to the supplement 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 July 12, 2018 (Accession No. 0000930413-18-002212), which is incorporated herein by reference.

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Document and Entity Information	Dec. 31, 2017
Prospectus:
Document Type	497
Document Period End Date	Dec. 31, 2017
Registrant Name	LAZARD FUNDS INC
Entity Central Index Key	0000874964
Amendment Flag	false
Document Creation Date	Jul. 12, 2018
Document Effective Date	Jul. 12, 2018
Prospectus Date	May 01, 2018

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Dec. 31, 2017

Lazard US Strategic Equity Portfolio

Lazard US Strategic Equity Portfolio

THE LAZARD FUNDS, INC.

Lazard US Strategic Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard US Strategic Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.65%		.65%		.65%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.25%		1.35%		.35%
Total Annual Portfolio Operating Expenses		.90%		2.25%		1.00%
Fee Waiver and Expense Reimbursement**		.15%		1.20%		.25%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		.75%		1.05%		.75%

*

Restated to reflect current management fee.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 0.75%, 1.05% and 0.75% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard US Strategic Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	77	$	272	$	484	$	1,094
Open Shares	$	107	$	588	$	1,095	$	2,491
R6 Shares	$	77	$	294	$	528	$	1,202

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Lazard US Strategic Equity Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

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THE LAZARD FUNDS, INC.

Lazard US Strategic Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard US Strategic Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.65%		.65%		.65%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.25%		1.35%		.35%
Total Annual Portfolio Operating Expenses		.90%		2.25%		1.00%
Fee Waiver and Expense Reimbursement**		.15%		1.20%		.25%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		.75%		1.05%		.75%

*

Restated to reflect current management fee.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 0.75%, 1.05% and 0.75% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard US Strategic Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	77	$	272	$	484	$	1,094
Open Shares	$	107	$	588	$	1,095	$	2,491
R6 Shares	$	77	$	294	$	528	$	1,202

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard US Strategic Equity Portfolio

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Dec. 31, 2017

Lazard International Equity Concentrated Portfolio

Lazard International Equity Concentrated Portfolio

THE LAZARD FUNDS, INC.

Lazard International Equity Concentrated Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard International Equity Concentrated Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.80%		.80%		.80%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.44%		7.00%		.44%	**
Total Annual Portfolio Operating Expenses		1.24%		8.05%		1.24%
Fee Waiver and Expense Reimbursement***		.29%		6.80%		.34%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		.95%		1.25%		.90%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 0.95%, 1.25% and 0.90% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard International Equity Concentrated Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	97	$	365	$	653	$	1,474
Open Shares	$	127	$	1,747	$	3,270	$	6,688
R6 Shares	$	92	$	365	$	648	$	1,470

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Lazard International Equity Concentrated Portfolio

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THE LAZARD FUNDS, INC.

Lazard International Equity Concentrated Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard International Equity Concentrated Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.80%		.80%		.80%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.44%		7.00%		.44%	**
Total Annual Portfolio Operating Expenses		1.24%		8.05%		1.24%
Fee Waiver and Expense Reimbursement***		.29%		6.80%		.34%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		.95%		1.25%		.90%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 0.95%, 1.25% and 0.90% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard International Equity Concentrated Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	97	$	365	$	653	$	1,474
Open Shares	$	127	$	1,747	$	3,270	$	6,688
R6 Shares	$	92	$	365	$	648	$	1,470

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard International Equity Concentrated Portfolio

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Dec. 31, 2017

Lazard Global Strategic Equity Portfolio

Lazard Global Strategic Equity Portfolio

THE LAZARD FUNDS, INC.

Lazard Global Strategic Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Strategic Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.75%		.75%		.75%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		1.18%		11.52%		1.18%	**
Total Annual Portfolio Operating Expenses		1.93%		12.52%		1.93%
Fee Waiver and Expense Reimbursement***		.93%		11.22%		.98%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		1.00%		1.30%		.95%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.00%, 1.30% and 0.95% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Strategic Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	102	$	516	$	956	$	2,178
Open Shares	$	132	$	2,537	$	4,594	$	8,527
R6 Shares	$	96	$	510	$	950	$	2,174

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Lazard Global Strategic Equity Portfolio

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THE LAZARD FUNDS, INC.

Lazard Global Strategic Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Strategic Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*		.75%		.75%		.75%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		1.18%		11.52%		1.18%	**
Total Annual Portfolio Operating Expenses		1.93%		12.52%		1.93%
Fee Waiver and Expense Reimbursement***		.93%		11.22%		.98%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***		1.00%		1.30%		.95%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.00%, 1.30% and 0.95% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Strategic Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	102	$	516	$	956	$	2,178
Open Shares	$	132	$	2,537	$	4,594	$	8,527
R6 Shares	$	96	$	510	$	950	$	2,174

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Global Strategic Equity Portfolio

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Dec. 31, 2017

Lazard Emerging Markets Core Equity Portfolio

Lazard Emerging Markets Core Equity Portfolio

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Core Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Core Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees		1.00%		1.00%		1.00%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.20%		1.20%		.20%	*
Total Annual Portfolio Operating Expenses		1.20%		2.45%		1.20%
Fee Waiver and/or Expense Reimbursement**		—		.90%		—
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.20%		1.55%		1.20%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Emerging Markets Core Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	93	$	576	$	1,087	$	2,490
Open Shares	$	158	$	678	$	1,224	$	2,718
R6 Shares	$	87	$	571	$	1,081	$	2,485

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Lazard Emerging Markets Core Equity Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

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THE LAZARD FUNDS, INC.

Lazard Emerging Markets Core Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Core Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees		1.00%		1.00%		1.00%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.20%		1.20%		.20%	*
Total Annual Portfolio Operating Expenses		1.20%		2.45%		1.20%
Fee Waiver and/or Expense Reimbursement**		—		.90%		—
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.20%		1.55%		1.20%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Emerging Markets Core Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	93	$	576	$	1,087	$	2,490
Open Shares	$	158	$	678	$	1,224	$	2,718
R6 Shares	$	87	$	571	$	1,081	$	2,485

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Emerging Markets Core Equity Portfolio

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Dec. 31, 2017

Lazard Developing Markets Equity Portfolio

Lazard Developing Markets Equity Portfolio

THE LAZARD FUNDS, INC.

Lazard Developing Markets Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Developing Markets Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees		1.00%		1.00%		1.00%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.18%		.33%		.18%	*
Total Annual Portfolio Operating Expenses		1.18%		1.58%		1.18%
Fee Waiver and Expense Reimbursement*		—		.03%		—
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement*		1.18%		1.55%		1.18%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces “Summary Section—Lazard Developing Markets Equity Portfolio—Example” in the Prospectus:

This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio’s operating expenses remain the same, giving effect to the fee waiver and expense reimbursement agreement in year one only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	120	$	375	$	649	$	1,432
Open Shares	$	158	$	496	$	858	$	1,876
R6 Shares	$	120	$	375	$	649	$	1,432

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Lazard Developing Markets Equity Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

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THE LAZARD FUNDS, INC.

Lazard Developing Markets Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Developing Markets Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares		Open Shares		R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees		1.00%		1.00%		1.00%
Distribution and Service (12b-1) Fees		None		.25%		None
Other Expenses		.18%		.33%		.18%	*
Total Annual Portfolio Operating Expenses		1.18%		1.58%		1.18%
Fee Waiver and Expense Reimbursement*		—		.03%		—
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement*		1.18%		1.55%		1.18%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces “Summary Section—Lazard Developing Markets Equity Portfolio—Example” in the Prospectus:

This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio’s operating expenses remain the same, giving effect to the fee waiver and expense reimbursement agreement in year one only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	120	$	375	$	649	$	1,432
Open Shares	$	158	$	496	$	858	$	1,876
R6 Shares	$	120	$	375	$	649	$	1,432

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Developing Markets Equity Portfolio

XML

Dec. 31, 2017

Lazard Emerging Markets Equity Blend Portfolio

Lazard Emerging Markets Equity Blend Portfolio

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Equity Blend Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Equity Blend Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.00%	1.00%	1.00%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.21%	.36%	.21%*
Total Annual Portfolio Operating Expenses	1.21%	1.61%	1.21%
Fee Waiver and/or Expense Reimbursement**	—	.06%	.01%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement	1.21%	1.55%	1.20%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces in the table in “Summary Section—Lazard Emerging Markets Equity Blend Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	123	$	384	$	665	$	1,466
Open Shares	$	158	$	502	$	870	$	1,906
R6 Shares	$	122	$	383	$	664	$	1,465

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Lazard Emerging Markets Equity Blend Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

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THE LAZARD FUNDS, INC.

Lazard Emerging Markets Equity Blend Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Equity Blend Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.00%	1.00%	1.00%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.21%	.36%	.21%*
Total Annual Portfolio Operating Expenses	1.21%	1.61%	1.21%
Fee Waiver and/or Expense Reimbursement**	—	.06%	.01%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement	1.21%	1.55%	1.20%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed 1.25%, 1.55% and 1.20% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces in the table in “Summary Section—Lazard Emerging Markets Equity Blend Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	123	$	384	$	665	$	1,466
Open Shares	$	158	$	502	$	870	$	1,906
R6 Shares	$	122	$	383	$	664	$	1,465

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Emerging Markets Equity Blend Portfolio

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Dec. 31, 2017

Lazard Emerging Markets Multi-Asset Portfolio

Lazard Emerging Markets Multi-Asset Portfolio

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Multi-Asset Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Multi-Asset Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.00%	1.00%	1.00%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.23%	1.82%	.23%	*
Acquired Fund Fees and Expenses	.01%	.01%	.01%	*
Total Annual Portfolio Operating Expenses	1.24%	3.08%	1.24%
Fee Waiver and/or Expense Reimbursement**	—	1.62%	—
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement***	1.24%	1.46%	1.24%

*	Based on estimated amounts for the current fiscal year, using amounts for Institutional Shares from the last fiscal year.
**	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2028, to the extent Total Annual Portfolio Operating Expenses exceed 1.30%, 1.45% and 1.25% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.
***	Excluding Acquired Fund Fees and Expenses, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement are 1.23%, 1.45% and 1.23% of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively.

The following replaces the table in “Summary Section—Lazard Emerging Markets Multi-Asset Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	126	$	393	$	681	$	1,500
Open Shares	$	149	$	462	$	797	$	1,746
R6 Shares	$	126	$	393	$	681	$	1,500

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Lazard Emerging Markets Multi-Asset Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

rr_SupplementToProspectusTextBlock

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Multi-Asset Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Multi-Asset Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	1.00%	1.00%	1.00%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.23%	1.82%	.23%	*
Acquired Fund Fees and Expenses	.01%	.01%	.01%	*
Total Annual Portfolio Operating Expenses	1.24%	3.08%	1.24%
Fee Waiver and/or Expense Reimbursement**	—	1.62%	—
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement***	1.24%	1.46%	1.24%

*	Based on estimated amounts for the current fiscal year, using amounts for Institutional Shares from the last fiscal year.
**	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2028, to the extent Total Annual Portfolio Operating Expenses exceed 1.30%, 1.45% and 1.25% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.
***	Excluding Acquired Fund Fees and Expenses, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement are 1.23%, 1.45% and 1.23% of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively.

The following replaces the table in “Summary Section—Lazard Emerging Markets Multi-Asset Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	126	$	393	$	681	$	1,500
Open Shares	$	149	$	462	$	797	$	1,746
R6 Shares	$	126	$	393	$	681	$	1,500

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Emerging Markets Multi-Asset Portfolio

XML

Dec. 31, 2017

Lazard Emerging Markets Debt Portfolio

Lazard Emerging Markets Debt Portfolio

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Debt Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Debt Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	.75%	.75%	.75%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.18%	.36%	43.13%
Acquired Fund Fees and Expenses	.01%	.01%	.01%
Total Annual Portfolio Operating Expenses	.94%	1.37%	43.89%
Fee Waiver and/or Expense Reimbursement*	—	.21%	42.98%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement**	.94%	1.16%	.91%

*

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .95%, 1.15% and .90% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, and from May 1, 2019 through May 1, 2028, to the extent Total Annual Portfolio Operating Expenses exceed 1.10%, 1.35% and 1.05% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively. All limitations on Total Annual Portfolio Operating Expenses are exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

**

Excluding Acquired Fund Fees and Expenses, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement are .93%, 1.15% and .90% of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively.

The following replaces the table in “Summary Section—Lazard Emerging Markets Debt Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	96	$	300	$	520	$	1,155
Open Shares	$	118	$	411	$	726	$	1,618
R6 Shares	$	93	$	322	$	570	$	1,281

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Lazard Emerging Markets Debt Portfolio

Risk/Return:

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Supplement to Prospectus [Text Block]

rr_SupplementToProspectusTextBlock

THE LAZARD FUNDS, INC.

Lazard Emerging Markets Debt Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Emerging Markets Debt Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	.75%	.75%	.75%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	.18%	.36%	43.13%
Acquired Fund Fees and Expenses	.01%	.01%	.01%
Total Annual Portfolio Operating Expenses	.94%	1.37%	43.89%
Fee Waiver and/or Expense Reimbursement*	—	.21%	42.98%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement**	.94%	1.16%	.91%

*

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .95%, 1.15% and .90% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, and from May 1, 2019 through May 1, 2028, to the extent Total Annual Portfolio Operating Expenses exceed 1.10%, 1.35% and 1.05% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively. All limitations on Total Annual Portfolio Operating Expenses are exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

**

Excluding Acquired Fund Fees and Expenses, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement are .93%, 1.15% and .90% of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively.

The following replaces the table in “Summary Section—Lazard Emerging Markets Debt Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	96	$	300	$	520	$	1,155
Open Shares	$	118	$	411	$	726	$	1,618
R6 Shares	$	93	$	322	$	570	$	1,281

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Emerging Markets Debt Portfolio

XML

Dec. 31, 2017

Lazard Global Fixed Income Portfolio

Lazard Global Fixed Income Portfolio

THE LAZARD FUNDS, INC.

Lazard Global Fixed Income Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Fixed Income Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	.50%	.50%	.50%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	3.79%	42.03%	3.79%	*
Total Annual Portfolio Operating Expenses	4.29%	42.78%	4.29%
Fee Waiver and/or Expense Reimbursement**	3.59%	41.83%	3.64%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement	.70%	.95%	.65%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .70%, .95% and .65% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the management agreement between the Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Fixed Income Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	72	$	973	$	1,887	$	4,230
Open Shares	$	97	$	5,954	$	8,221	$	9,520
R6 Shares	$	66	$	968	$	1,883	$	4,226

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Value

Lazard Global Fixed Income Portfolio

Risk/Return:

rr_RiskReturnAbstract

Supplement to Prospectus [Text Block]

rr_SupplementToProspectusTextBlock

THE LAZARD FUNDS, INC.

Lazard Global Fixed Income Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Fixed Income Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	.50%	.50%	.50%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	3.79%	42.03%	3.79%	*
Total Annual Portfolio Operating Expenses	4.29%	42.78%	4.29%
Fee Waiver and/or Expense Reimbursement**	3.59%	41.83%	3.64%
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement	.70%	.95%	.65%

*

“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.

**

Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .70%, .95% and .65% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the management agreement between the Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Fixed Income Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	72	$	973	$	1,887	$	4,230
Open Shares	$	97	$	5,954	$	8,221	$	9,520
R6 Shares	$	66	$	968	$	1,883	$	4,226

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Global Fixed Income Portfolio

XML

Dec. 31, 2017

Lazard Global Realty Equity Portfolio

Lazard Global Realty Equity Portfolio

THE LAZARD FUNDS, INC.

Lazard Global Realty Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Realty Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*	.80%	.80%	.80%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	3.72%	4.42%	3.72%	**
Total Annual Portfolio Operating Expenses	4.52%	5.47%	4.52%
Fee Waiver and Expense Reimbursement***	3.57%	4.22%	3.57%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***	.95%	1.25%	.95%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .95%, 1.25% and .95% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Realty Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	97	$	1,042	$	1,996	$	4,422
Open Shares	$	127	$	1,257	$	2,376	$	5,128
R6 Shares	$	97	$	1,042	$	1,996	$	4,422

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Value

Lazard Global Realty Equity Portfolio

Risk/Return:

rr_RiskReturnAbstract

Supplement to Prospectus [Text Block]

rr_SupplementToProspectusTextBlock

THE LAZARD FUNDS, INC.

Lazard Global Realty Equity Portfolio

Supplement to Current Prospectus

The following replaces the table in “Summary Section—Lazard Global Realty Equity Portfolio—Fees and Expenses” in the Prospectus:

	Institutional Shares	Open Shares	R6 Shares
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees*	.80%	.80%	.80%
Distribution and Service (12b-1) Fees	None	.25%	None
Other Expenses	3.72%	4.42%	3.72%	**
Total Annual Portfolio Operating Expenses	4.52%	5.47%	4.52%
Fee Waiver and Expense Reimbursement***	3.57%	4.22%	3.57%
Total Annual Portfolio Operating Expenses After Fee Waiver and Expense Reimbursement***	.95%	1.25%	.95%

*	Restated to reflect current management fee.
**	“Other Expenses” are based on estimated amounts for the current fiscal year, using “Other Expenses” for Institutional Shares from the last fiscal year.
***	Reflects a contractual agreement by the Investment Manager to waive its fee and, if necessary, reimburse the Portfolio through May 1, 2019, to the extent Total Annual Portfolio Operating Expenses exceed .95%, 1.25% and .95% of the average daily net assets of the Portfolio’s Institutional Shares, Open Shares and R6 Shares, respectively, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds” and extraordinary expenses. This agreement can only be amended by agreement of the Fund, upon approval by the Board, and the Investment Manager to lower the net amount shown and will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.

The following replaces the table in “Summary Section—Lazard Global Realty Equity Portfolio—Example” in the Prospectus:

	1 Year		3 Years		5 Years		10 Years
Institutional Shares	$	97	$	1,042	$	1,996	$	4,422
Open Shares	$	127	$	1,257	$	2,376	$	5,128
R6 Shares	$	97	$	1,042	$	1,996	$	4,422

Risk/Return [Heading]

rr_RiskReturnHeading

Lazard Global Realty Equity Portfolio

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Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Prospectus Date	rr_ProspectusDate	May 01, 2018