Lazard Credit 2027 ED H-EUR/  FR001400CC57  /

The objective is to achieve an annualised performance in excess of 1.70% net of fees on 06.30.2022 over a five-year investment horizon, through exposure to the bond market close to this maturity. This objective is based on the assumption that the Fund"s units will be held for the entire recommended investment period and on the achievement of market assumptions determined by the Management Company. It does not constitute a promise of return or performance by the Fund. These market assumptions include the risk of default or downgrading of one or more issuers in the portfolio. If such risks were to materialise at a higher level than anticipated in the financial manager"s assumptions, the investment objective may not be achieved. The Fund may invest in bonds and other money market debt securities of private or public issuers and similar, and to which between 0% and 100% of the net assets will be permanently exposed. Investments will take into account environmental, social and governance criteria. The Fund seeks to take advantage of attractive actuarial yields on corporate bonds. The Fund is invested only in bonds or securities of issuers the registered offices of which are established in OECD-member countries and/or in securities listed on a financial market of one of these countries. The Fund"s investment strategy will mainly entail a carry strategy (purchase of securities to hold them in the portfolio until maturity). Nevertheless, the manager has leeway to actively manage the portfolio by selling and buying securities. The fund"s turnover rate will therefore be low. It is estimated at an average of 10% per year. The Fund"s modified duration is between 0 and 5,5. The investment strategy consists of applying a quantitative filter to isolate the bonds and money market debt securities that correspond to the Fund"s investment strategy by their first end maturity or early repayment date (March 31st, 2028) and the issuance currency.

The objective is to achieve an annualised performance in excess of 1.70% net of fees on 06.30.2022 over a five-year investment horizon, through exposure to the bond market close to this maturity. This objective is based on the assumption that the Fund"s units will be held for the entire recommended investment period and on the achievement of market assumptions determined by the Management Company. It does not constitute a promise of return or performance by the Fund. These market assumptions include the risk of default or downgrading of one or more issuers in the portfolio. If such risks were to materialise at a higher level than anticipated in the financial manager"s assumptions, the investment objective may not be achieved.