XML 9 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Label Element Value
Lazard Developing Markets Equity Portfolio  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

THE LAZARD FUNDS, INC.

Lazard Developing Markets Equity Portfolio
Lazard International Small Cap Equity Portfolio
Lazard US Small-Mid Cap Equity Portfolio

 

Supplement to Current Prospectus

 

Lazard Developing Markets Equity Portfolio

Risk/Return [Heading] rr_RiskReturnHeading Lazard Developing Markets Equity Portfolio
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following replaces the table in "Fees and Expenses" in the "Summary SectionLazard Developing Markets Equity PortfolioFees and Expenses" in the Prospectus:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2024
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the current fiscal year, using amounts for Institutional Shares from the last fiscal year.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following replaces the table in "Example" in the "Summary SectionLazard Developing Markets Equity PortfolioExample" in the Prospectus:

Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

Dated: June 30, 2023

Lazard Developing Markets Equity Portfolio | Institutional Shares  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_Component3OtherExpensesOverAssets 0.23%
Total Annual Portfolio Operating Expenses rr_ExpensesOverAssets 1.23%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.13% [1]
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.10%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 377
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 663
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,477
Lazard Developing Markets Equity Portfolio | Open Shares  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_Component3OtherExpensesOverAssets 0.31%
Total Annual Portfolio Operating Expenses rr_ExpensesOverAssets 1.56%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.21% [1]
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.35%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 137
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 472
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 830
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,839
Lazard Developing Markets Equity Portfolio | R6 Shares  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_Component3OtherExpensesOverAssets 0.23% [2]
Total Annual Portfolio Operating Expenses rr_ExpensesOverAssets 1.23%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.18% [1]
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 107
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 373
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 658
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,473
[1] Reflects a contractual agreement by Lazard Asset Management LLC (the “Investment Manager”) to waive its fee and, if necessary, reimburse the Portfolio until May 1, 2024, 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, exclusive of taxes, brokerage, interest on borrowings, fees and expenses of “Acquired Funds,” fees and expenses related to filing foreign tax reclaims and extraordinary expenses. This expense limitation agreement can only be amended by agreement of the Fund, upon approval by the Fund’s Board of Directors, 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.
[2] Based on estimated amounts for the current fiscal year, using amounts for Institutional Shares from the last fiscal year.