Lazard Global Listed Infrastructure Fund Wins Two Lipper Awards

NEW YORK--(BUSINESS WIRE)--

Lazard Asset Management LLC is pleased to announce that the Lazard Global Listed Infrastructure Portfolio (Institutional: GLIFX; Open: GLFOX) received two 2016 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to peers.

The Lazard Global Listed Infrastructure Portfolio was named best fund in the Global Infrastructure Funds category for both the three-year and five-year time periods ended November 30, 2015. The fund ranked #1 out of 45 eligible funds for the three-year period, and #1 out of 38 eligible funds for the five-year period. Last year, the Lazard Global Listed Infrastructure Portfolio was awarded best fund over three years in this category, ranking #1 out of 44 eligible funds for the three-year period ended November 30, 2014.

"It is an honor to have our Global Listed Infrastructure fund recognized by Lipper two years in a row," said Charles Carroll, Deputy Chairman and Head of Global Marketing at Lazard Asset Management. "Recognition of three and five-year performance highlights the expertise of our Global Listed Infrastructure team and our commitment to delivering strong risk-adjusted returns for clients."

The Lazard Global Listed Infrastructure Portfolio (Institutional: GLIFX; Open: GLFOX) seeks total return by investing in preferred infrastructure companies deemed to be of high quality. The portfolio management team is among the pioneers in listed infrastructure investing and its members have worked together managing portfolios in this space for the past decade.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 42 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments, and individuals.

An indirect subsidiary of Lazard Ltd LAZ, Lazard Asset Management (LAM) offers a range of equity, fixed income, and alternative investment products worldwide. As of December 31, 2015, LAM and affiliated asset management companies in the Lazard Group managed $186 billion worth of client assets. For more information about LAM, please visit www.lazardnet.com.

About the Thomson Reuters Lipper Fund Awards

For more than three decades and in over 20 countries worldwide, the Thomson Reuters Lipper Fund Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers, based on Lipper's proprietary performance-based methodology. Individual classifications of three-, five-, and ten-year periods, as well as fund families with high average scores for the three-year period are recognized. For more information, please contact Markets.Awards@thomsonreuters.com or visit http://www.lipperfundawards.com/.

Fund Classification Awards Methodology

The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years. For a detailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com.

Past performance is not a guarantee of future results.

Understanding Investment Risk

Securities and instruments of infrastructure companies are more susceptible to adverse economic or regulatory occurrences affecting their industries. Infrastructure companies may be subject to a variety of factors that may adversely affect their business or operations, including additional costs, competition, regulatory implications, and certain other factors. The Portfolio invests in stocks believed by Lazard to be undervalued, but that may not realize their perceived value for extended periods of time or may never realize their perceived value. The stocks in which the Portfolio invests may respond differently to market and other developments than other types of stocks. The Portfolio seeks to substantially hedge foreign currency exposure back to the US dollar. The Portfolio's total foreign currency exposure may not be fully hedged at all times. Irrespective of any foreign currency exposure hedging, the Portfolio may experience a decline in the value of its portfolio securities, in US dollar terms, due solely to fluctuations in currency exchange rates. Derivative transactions may reduce returns or increase volatility and a small investment in certain derivatives could have a potentially large impact on the Portfolio's performance. Because the Portfolio invests in a relatively smaller number of issuers than other investment portfolios, its net asset value could be more susceptible to adverse effects of any single corporate, economic, political, regulatory, or other occurrence.

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.lazardnet.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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160323006026/en/