XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Label Element Value
Lazard US Equity Concentrated Portfolio  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk/Return [Heading] oef_RiskReturnHeading Lazard US Equity Concentrated Portfolio
Expense Narrative [Text Block] oef_ExpenseNarrativeTextBlock

The following replaces the table in “Fees and Expenses” in the “Summary Section—Lazard US Equity Concentrated Portfolio—Fees and Expenses” in the Prospectus:
Operating Expenses Caption [Optional Text] oef_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 oef_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2025
Expenses Restated to Reflect Current [Text] oef_ExpensesRestatedToReflectCurrent Restated to reflect current management fees.
Expense Example Narrative [Text Block] oef_ExpenseExampleNarrativeTextBlock

The following replaces the table in “Example” in the “Summary Section—Lazard US Equity Concentrated Portfolio—Example” in the Prospectus:
Lazard US Equity Concentrated Portfolio | Open Shares  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.65% [1]
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.13%
Acquired Fund Fees and Expenses oef_AcquiredFundFeesAndExpensesOverAssets 1.03%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets [2]
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 1.03%
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 105
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 339
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 591
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,313
Lazard US Equity Concentrated Portfolio | Institutional Shares  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.65% [1]
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses oef_AcquiredFundFeesAndExpensesOverAssets 0.76%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets [2]
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.76%
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 78
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 254
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 445
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 997
Lazard US Equity Concentrated Portfolio | R6 Shares  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.65% [1]
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.32%
Acquired Fund Fees and Expenses oef_AcquiredFundFeesAndExpensesOverAssets 0.97%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets 0.21% [2]
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.76%
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 78
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 299
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 538
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,224
[1] Restated to reflect current management fees.
[2] To the extent the Total Annual Portfolio Operating Expenses of the R6 Shares of the Portfolio exceed the Total Annual Portfolio Operating Expenses of the Portfolio’s Institutional Shares (in each case, not including management fees, custodial fees or other expenses related to the management of the Portfolio’s assets), Lazard Asset Management LLC (the “Investment Manager”) has contractually agreed, until May 1, 2025, to bear the expenses of the R6 Shares in the amount of such excess. This expense limitation agreement will terminate automatically in the event of termination of the Management Agreement between the Investment Manager and the Fund, on behalf of the Portfolio.