- Team to be led by Andrew Lacey and Ross Seiden -

Lazard Asset Management LLC (“LAM”) today announced the launch of the Lazard US Sustainable Equity Portfolio (Institutional: SUSTX; Open: SUSLX) (the “Fund”).

The Fund is managed by a highly experienced team with a long-standing investment process and an average of 23 years in the industry. The Lazard US Sustainable Equity portfolio management team is comprised of Andrew Lacey, Ross Seiden, Ronald Temple, Martin Flood and Jessica Kittay.

“We are investing in companies that are aligned with an equitable, inclusive and green future as we believe that a business’s ability to generate sustainable financial returns depends on how it manages its people, operations, and resources, as well as how it engages with society,” said Ross Seiden, Portfolio Manager, Lazard US Sustainable Equity Portfolio. “Put simply, sustainable investing is synonymous with the principles of smart, long-term investing.”

The Fund seeks to outperform the S&P 500 Index, investing in US-listed companies with a market capitalization greater than one billion USD. The Fund is relatively concentrated and normally will hold between 40 and 50 positions. In addition to leveraging the ESG-integrated fundamental research conducted by LAM’s sector-focused research analysts, the portfolio management team integrates a robust sustainability framework into its investment process. The team aims to invest in businesses that generate high levels of financial productivity, while considering the alignment of each company’s products, services, and operations with a more sustainable world.

“We have seen tremendous interest from clients for investment solutions that are truly rooted in sustainability,” said Ronald Temple, Head of US Equity at LAM. “Our sector analysts integrate ESG as a core part of their fundamental research. Understanding what is material to each company gives us an edge in assessing sustainability and security selection more broadly.”

As of March 31, 2020, the Lazard US Sustainable Equity portfolio management team managed more than $20 billion of client assets in US equity strategies.

LAZ-AM

About Lazard Asset Management (LAM) LLC

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of May 31, 2020, LAM and affiliated asset management companies in the Lazard Group managed $210.8 billion worth of client assets. For more information about LAM, please visit www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

Information and opinions presented have been obtained or derived from sources believed by Lazard to be reliable. Lazard makes no representation as to their accuracy or completeness. All opinions expressed herein are as of the published date and are subject to change.

Please consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. For more complete information about The Lazard Funds, Inc. and current performance, you may obtain a prospectus or summary prospectus by calling 800-823-6300 or going to www.lazardassetmanagement.com. Read the prospectus or summary prospectus carefully before you invest. The prospectus and summary prospectus contain investment objectives, risks, charges, expenses, and other information about the Portfolio and The Lazard Funds that may not be detailed in this document. The Lazard Funds are distributed by Lazard Asset Management Securities LLC.

For media inquiries: Hillary Yaffe, Lazard Asset Management +1 212 632 6528 hillary.yaffe@lazard.com

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