Lazard Global Sustainable Fixed Income Fund - A USD ACC Fonds

Lazard Global Sustainable Fixed Income Fund (the 'Fund') aims to seek maximum total return from a combination of income and capital appreciation. The Fund is actively managed and may invest in investment grade, noninvestment grade and unrated debt securities (e.g. bonds), issued by corporates, sovereigns, governments and quasi-governmental bodies throughout the world. Such securities will primarily be investment grade, but the Investment Manager may seek to enhance returns and diversify risk by tactically investing in securities which are non-investment grade or unrated. A maximum of 15% of the Funds net assets may be invested in debt instruments which are non-investment grade or unrated. The individual selection of securities will be determined by the Investment Managers active assessment of macroeconomic factors, such as global interest rates, currency exposure, sector spreads and currencies. In excess of 20% of the Funds Net Asset Value will at all times be invested in labelled green, social, or sustainable bonds. The Fund may also invest up to 10% of its value in units or shares of other investment funds (including exchange traded funds). The Fund may invest more than 20% of its assets in emerging markets. Up to 10% of the Funds net assets may be held in cash and in investments that are deemed to be nearly equivalent to cash. This percentage may be exceeded where deemed appropriate by the Investment Manager in light of market conditions and the best interests of Shareholders. 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). The currency exposures of the Funds portfolio will be substantially hedged back into US Dollars, being the base currency of the Fund.