Lazard Global Equity Advantage Fund - EA EUR ACC

The Fund is actively managed and will seek to achieve its investment objective primarily through investment 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, warrants and rights) of or relating to companies from around the world globally, in both developed and emerging markets. The Investment Manager will use a systematic bottom-up stock selection process. The broad universe of global stocks is first screened (according to a series of customised measures that have been designed by the Investment Manager and which are implemented through several proprietary quantitatively-based computer models) for minimum capitalisation, data availability and liquidity characteristics in order to arrive at an investable universe of approximately 7,500 stocks. Each company in this investable universe is then assessed daily in terms of its growth potential, valuation, market sentiment, and financial quality. The Fund may use derivatives (which are financial contracts whose value is linked to the price of an underlying investment) for the purposes of efficient portfolio management. The Fund has discretion as to which investments it will hold within the limits of the Investment Objective and Policy.