Lazard Digital Assets Equity Fund - C USD ACC Fonds

The Fund aims to achieve long term capital appreciation through investment. The Fund is actively managed and will invest in an actively managed, diversified, long-only portfolio, primarily composed of publicly listed equities and depositary receipts of companies worldwide with exposure to the digital assets ecosystem. The Fund's investment in equity securities may include investment in China A-Shares acquired through either the Shanghai-Hong Kong Stock Connect or the Shenzhen-Hong Kong Stock Connect. The Fund may also invest in emerging markets and such investments will be limited to 20% of the NAV of the Fund. The Fund is organised around a single theme but aims to provide diversified exposure to that theme by investing both in companies which, in the Investment Manager's opinion, have direct (high) involvement and in companies that have indirect (moderate) involvement in the digital assets ecosystem / theme. The Fund may invest up to 10% in units or shares of collective investment schemes including exchange traded funds ('ETFs') and other sub-funds of the UCITS. 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. The Fund's performance is measured against the performance of the MSCI ACWI Net Total Return USD Index (the 'Benchmark') which the Investment Manager has assessed to be the most appropriate Benchmark for comparison. The Benchmark is not a target for the Fund, nor is it constrained by the Benchmark as the Fund has flexibility to invest in securities and asset classes not included in the Benchmark. Income and profits, if any, attributable to your shares will not be paid out as a dividend but will be accumulated in the Fund on your behalf and reflected in an increase in the value of your holdings.