Lazard Em.Mar.Eq.Adv.Fd.C Acc GBP/  IE00BGYBSS48  /

The Fund aims to achieve long-term capital appreciation. The Fund is actively managed and will seek to achieve its objective primarily by investing in the equity and equity related securities (i.e. shares including exchange traded and over the counter common and preferred stocks, ADRs, GDRs, EDRs, REITs (real estate investment trusts), warrants and rights) of companies that are domiciled, incorporated, listed or derive 50% or more of their net assets and/or revenues from Emerging Market countries. The Investment Manager will use a systematic bottom-up stock selection process. The broad universe of emerging markets stocks will be screened (according to a series of customized measures designed by the Investment Manager and implemented through several proprietary quantitativelybased computer models) for minimum capitalization, data availability and liquidity characteristics in order to arrive at an investible universe of approximately 1,800 emerging market stocks. Each company is then assessed daily in terms of its growth, valuation, market sentiment, and financial quality.

The Fund aims to achieve long-term capital appreciation. The Fund is actively managed and will seek to achieve its objective primarily by investing in the equity and equity related securities (i.e. shares including exchange traded and over the counter common and preferred stocks, ADRs, GDRs, EDRs, REITs (real estate investment trusts), warrants and rights) of companies that are domiciled, incorporated, listed or derive 50% or more of their net assets and/or revenues from Emerging Market countries.