Lazard Emerging Markets Local Debt Fund A Acc USD/  IE00B3WFFX14  /

The Fund aims to maximise total return from income and capital growth. The Fund is actively managed and may invest in investment grade, non-investment grade and unrated debt securities (e.g. bonds) issued by corporates, sovereigns and quasi- governmental bodies that are based in or have close economic ties to emerging market countries. The Fund will primarily invest in securities denominated in the local emerging market currencies where the securities are issued although the Fund may also invest in securities denominated in US Dollars or currencies of other OECD countries. The Fund may gain exposure to the asset classes above either by investing in them directly, or by using derivatives (which are financial contracts whose value is linked to the price of an underlying investment). As a result of its use of derivatives, the Fund may be 'geared' or 'leveraged' (which can lead to a proportionately much larger movement in the value of the Fund's assets). The expected level of the Fund's leverage (as measured by the gross notional value of all derivatives positions) will be 100% of the value of the Fund.

The Fund aims to maximise total return from income and capital growth.