0000930413-23-000477.txt : 20230224 0000930413-23-000477.hdr.sgml : 20230224 20230224164700 ACCESSION NUMBER: 0000930413-23-000477 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230224 DATE AS OF CHANGE: 20230224 EFFECTIVENESS DATE: 20230224 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: 23668155 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 S000047900 Lazard Enhanced Opportunities Portfolio

C000150427 Institutional Shares LEOIX

C000150428 Open Shares LEOOX

C000150429 R6 Shares RLZEX

0000874964 S000056012 Lazard Real Assets Portfolio

C000176375 Institutional Shares RALIX

C000176376 Open Shares RALOX

C000176377 R6 Shares RALYX

0000874964 S000079313 Lazard US Convertibles Portfolio

C000240315 R6 Shares

C000240316 Institutional Shares

C000240317 Open Shares

497 1 c105768_497.htm

THE LAZARD FUNDS, INC.
Lazard Enhanced Opportunities Portfolio

Lazard Real Assets Portfolio

Lazard US Convertibles Portfolio

Supplement to Current Summary Prospectuses and Prospectus

Effective May 1, 2023, the following will replace the “Investment Objective” section in the summary prospectus for Lazard Enhanced Opportunities Portfolio and the section entitled “Summary Section—Investment Objective” for Lazard Enhanced Opportunities Portfolio in the prospectus.

The Portfolio seeks capital appreciation.

Effective May 1, 2023, the following will replace the “Investment Objective” section in the summary prospectus for Lazard Real Assets Portfolio and Lazard US Convertibles Portfolio and the sections entitled “Summary Section—Investment Objective” for Lazard Real Assets Portfolio and Lazard US Convertibles Portfolio in the prospectus.

The Portfolio seeks long-term capital appreciation.

Effective May 1, 2023, the following will replace the third paragraph of the “Investment Strategies and Investment Risks—Overview” section in the prospectus:

The investment objective for Lazard Enhanced Opportunities Portfolio is capital appreciation. The investment objective for Lazard Equity Franchise Portfolio is total return consisting of appreciation and income. The investment objective for Lazard Emerging Markets Debt Portfolio and Lazard Global Fixed Income Portfolio is total return from current income and capital appreciation. The investment objective for Lazard US Corporate Income Portfolio is maximum total return from a combination of capital appreciation and current income. The investment objective for Lazard US Short Duration Fixed Income Portfolio is total return and preservation of capital. The investment objective for Lazard Global Listed Infrastructure Portfolio and Lazard Global Dynamic Multi-Asset Portfolio is total return. The investment objective for each of the other Portfolios is long-term capital appreciation. For Lazard US Sustainable Equity Portfolio, Lazard US Systematic Small Cap Equity Portfolio, Lazard International Equity Advantage Portfolio, Lazard International Quality Growth Portfolio, Lazard Managed Equity Volatility Portfolio, Lazard Global Strategic Equity Portfolio, Lazard Equity Franchise Portfolio, Lazard Emerging Markets Equity Advantage Portfolio, Lazard US Convertibles Portfolio, Lazard Real Assets Portfolio and Lazard Enhanced Opportunities Portfolio, each Portfolio’s investment objective(s) may be changed without the approval of the Portfolio’s shareholders upon 60 days’ notice to shareholders; for the other Portfolios, each Portfolio’s investment objective(s) may only be changed with the approval of the Portfolio’s shareholders.

Dated: February 24, 2023