LZOEX – Lazard Emerging Markets Equity Open Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. Under normal circumstances, the portfolio invests at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries. It invests primarily in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in emerging market countries and that Lazard Asset Management LLC (the “Investment Manager”) believes are undervalued based on their earnings, cash flow or asset values. In addition to common stocks, such equity securities also may include American Depositary.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LZOEX	Lazard Emerging Markets Equity Portfolio Open Shares	No Load	Open			Jan 8, 1997	$492.23M	1.320%	Above Average	$2,500	$22.63M
LZEMX	Lazard Emerging Markets Equity Portfolio Institutional Shares	Institutional	Open			Jul 15, 1994	$9.30B	1.070%	Above Average	$10,000	$1.68B
RLEMX	Lazard Emerging Markets Equity Portfolio R6 Shares	Retirement, Large	Open			Jan 16, 2015	$163.17M	1.070%	High	$1M	$68.79M

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