THE LAZARD FUNDS, INC.
Lazard Emerging Markets Income Portfolio
Lazard Explorer Total Return Portfolio
Lazard US Realty Equity Portfolio
Supplement to Current Summary Prospectus and Prospectus
As previously announced, the Board of Directors of The Lazard Funds, Inc. (the "Fund") has approved the liquidation of each of its series listed above (each, a "Portfolio" and collectively, the "Portfolios").
No further investments are being accepted into a Portfolio, except for investments by certain brokers or other financial intermediaries or employee benefit or retirement plans (acting on behalf of their clients or participants) with pre-existing investments in the Portfolio pursuant to an agreement or other arrangement with the Fund, the Distributor or another agent of the Fund regarding Portfolio investments. Promptly upon completion of liquidation of a Portfolio's investments, the Portfolio will redeem all its outstanding shares by distribution of its assets to shareholders in amounts equal to the net asset value of each shareholder's Portfolio investment. It is anticipated that each Portfolio's assets will be distributed to shareholders on or about October 31, 2019.
Prior to the liquidation of a Portfolio, depending on the arrangements of any broker or other financial intermediary associated with your account through which Portfolio shares are held, the Fund's exchange privilege may allow you to exchange shares of a Portfolio for shares of the same Class of another series of the Fund in an identically registered account. Please see the section of the Prospectus entitled "Shareholder Information—Investor Services—Exchange Privilege" for more information.
Dated: October 3, 2019