UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-08071
Lazard Retirement Series, Inc.
(Exact name of Registrant as specified in charter)
30 Rockefeller Plaza
New York, New York 10112
(Address of principal executive offices) (Zip code)
Mark R. Anderson, Esq.
Lazard Asset Management LLC
30 Rockefeller Plaza
New York, New York 10112
(Name and address of agent for service)
Registrant’s telephone number, including area code: (212) 632-6000
Date of fiscal year end: 12/31
Date of reporting period: 9/30/2024
| Item 1: Schedule of Investments. |
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Emerging Markets Equity Portfolio | ||||||||
| Common Stocks | 98.2% | ||||||||
| Brazil | 9.6% | ||||||||
| Banco do Brasil SA | 1,234,704 | $ | 6,160,261 | |||||
| BB Seguridade Participacoes SA | 1,057,400 | 6,890,559 | ||||||
| CCR SA | 1,193,350 | 2,650,575 | ||||||
| Engie Brasil Energia SA | 267,798 | 2,086,757 | ||||||
| Petroleo Brasileiro SA ADR | 362,484 | 5,223,394 | ||||||
| PRIO SA | 298,000 | 2,370,237 | ||||||
| Vale SA ADR | 267,069 | 3,119,366 | ||||||
| Vibra Energia SA | 894,900 | 3,843,945 | ||||||
| 32,345,094 | ||||||||
| Chile | 0.6% | ||||||||
| Sociedad Quimica y Minera de Chile SA ADR | 46,922 | 1,955,709 | ||||||
| China | 29.3% | ||||||||
| Alibaba Group Holding Ltd. ADR | 68,833 | 7,304,558 | ||||||
| Anhui Conch Cement Co. Ltd., Class H | 1,391,875 | 4,086,430 | ||||||
| China Construction Bank Corp., Class H | 12,763,038 | 9,567,851 | ||||||
| China Medical System Holdings Ltd. | 2,873,000 | 3,305,985 | ||||||
| China Merchants Bank Co. Ltd., Class H | 974,237 | 4,739,939 | ||||||
| DaShenLin Pharmaceutical Group Co. Ltd., Class A | 1,373,600 | 3,189,640 | ||||||
| ENN Natural Gas Co. Ltd., Class A | 1,172,020 | 3,439,025 | ||||||
| Gree Electric Appliances, Inc. of Zhuhai, Class A | 780,898 | 5,289,102 | ||||||
| Hengan International Group Co. Ltd. | 1,084,527 | 3,742,784 | ||||||
| Huayu Automotive Systems Co. Ltd., Class A | 1,137,496 | 2,908,469 | ||||||
| JD.com, Inc. ADR | 138,547 | 5,541,880 | ||||||
| Lenovo Group Ltd. | 4,822,000 | 6,481,987 | ||||||
| Midea Group Co. Ltd., Class A | 410,100 | 4,383,972 | ||||||
| NetEase, Inc. ADR | 68,225 | 6,379,720 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 808,500 | 5,133,448 | ||||||
| Sinopharm Group Co. Ltd., Class H | 2,234,797 | 5,919,609 | ||||||
| Tencent Holdings Ltd. | 78,200 | 4,378,644 | ||||||
| Tingyi Cayman Islands Holding Corp. | 3,956,000 | 5,698,950 | ||||||
| Want Want China Holdings Ltd. | 3,895,000 | 2,653,372 | ||||||
| Weichai Power Co. Ltd., Class H | 2,528,958 | 4,606,594 | ||||||
| 98,751,959 | ||||||||
| Egypt | 0.7% | ||||||||
| Commercial International Bank - Egypt (CIB) GDR | 1,284,137 | 2,181,344 | ||||||
| Greece | 2.6% | ||||||||
| Metlen Energy & Metals SA | 60,612 | 2,386,797 | ||||||
| National Bank of Greece SA | 459,696 | 3,950,187 | ||||||
| Description | Shares | Fair Value | ||||||
| OPAP SA | 141,343 | $ | 2,516,178 | |||||
| 8,853,162 | ||||||||
| Hong Kong | 0.9% | ||||||||
| ASMPT Ltd. | 232,188 | 2,851,273 | ||||||
| Hungary | 3.0% | ||||||||
| MOL Hungarian Oil & Gas PLC | 449,440 | 3,362,871 | ||||||
| OTP Bank Nyrt | 130,572 | 6,829,210 | ||||||
| 10,192,081 | ||||||||
| India | 5.4% | ||||||||
| Axis Bank Ltd. | 203,961 | 3,006,057 | ||||||
| Indus Towers Ltd. (*) | 1,471,612 | 6,891,724 | ||||||
| Infosys Ltd. ADR | 107,945 | 2,403,935 | ||||||
| Tata Consultancy Services Ltd. | 45,888 | 2,341,645 | ||||||
| UPL Ltd. | 497,608 | 3,632,938 | ||||||
| 18,276,299 | ||||||||
| Indonesia | 4.7% | ||||||||
| Astra International Tbk PT | 11,563,104 | 3,860,775 | ||||||
| Bank Mandiri Persero Tbk PT | 9,323,260 | 4,263,141 | ||||||
| Telkom Indonesia Persero Tbk PT ADR | 256,871 | 5,080,908 | ||||||
| United Tractors Tbk PT | 1,531,600 | 2,748,684 | ||||||
| 15,953,508 | ||||||||
| Mexico | 6.6% | ||||||||
| America Movil SAB de CV ADR | 192,573 | 3,150,494 | ||||||
| Cemex SAB de CV ADR | 647,311 | 3,948,597 | ||||||
| Grupo Aeroportuario del Pacifico SAB de CV ADR | 18,141 | 3,156,897 | ||||||
| Grupo Financiero Banorte SAB de CV, Class O | 570,065 | 4,038,805 | ||||||
| Grupo Mexico SAB de CV, Series B | 509,272 | 2,839,146 | ||||||
| Kimberly-Clark de Mexico SAB de CV, Class A | 1,495,989 | 2,419,111 | ||||||
| Ternium SA ADR | 74,587 | 2,753,006 | ||||||
| 22,306,056 | ||||||||
| Peru | 0.7% | ||||||||
| Credicorp Ltd. | 13,173 | 2,383,918 | ||||||
| Portugal | 0.8% | ||||||||
| Galp Energia SGPS SA | 146,228 | 2,745,628 | ||||||
| Russia | 0.0% | ||||||||
| Mobile TeleSystems PJSC ADR (*), (¢) | 545,705 | 1 | ||||||
| Sberbank of Russia PJSC (¢) | 1,580,119 | 1 | ||||||
| 2 | ||||||||
| South Africa | 8.7% | ||||||||
| Bidvest Group Ltd. | 287,410 | 4,878,480 | ||||||
| Life Healthcare Group Holdings Ltd. | 3,834,418 | 3,553,117 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Emerging Markets Equity Portfolio (concluded) | ||||||||
| Nedbank Group Ltd. | 369,385 | $ | 6,395,836 | |||||
| Sanlam Ltd. | 942,071 | 4,801,536 | ||||||
| Standard Bank Group Ltd. | 391,600 | 5,496,015 | ||||||
| Vodacom Group Ltd. | 646,815 | 4,098,908 | ||||||
| 29,223,892 | ||||||||
| South Korea | 9.6% | ||||||||
| Coway Co. Ltd. | 56,657 | 2,897,770 | ||||||
| Doosan Bobcat, Inc. | 26,385 | 822,761 | ||||||
| Hyundai Mobis Co. Ltd. | 15,984 | 2,664,856 | ||||||
| KB Financial Group, Inc. | 97,968 | 6,084,460 | ||||||
| Kia Corp. | 27,011 | 2,070,774 | ||||||
| KT Corp. | 104,142 | 3,205,975 | ||||||
| KT&G Corp. | 28,514 | 2,379,273 | ||||||
| Samsung Electronics Co. Ltd. | 37,710 | 1,787,279 | ||||||
| Shinhan Financial Group Co. Ltd. | 142,160 | 6,053,819 | ||||||
| SK Hynix, Inc. | 32,457 | 4,372,234 | ||||||
| 32,339,201 | ||||||||
| Taiwan | 10.9% | ||||||||
| ASE Technology Holding Co. Ltd. | 1,342,000 | 6,463,976 | ||||||
| Globalwafers Co. Ltd. | 160,000 | 2,309,865 | ||||||
| MediaTek, Inc. | 146,000 | 5,452,164 | ||||||
| Novatek Microelectronics Corp. | 205,000 | 3,363,535 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 479,989 | 14,653,911 | ||||||
| Yageo Corp. | 224,993 | 4,454,624 | ||||||
| 36,698,075 | ||||||||
| Thailand | 2.2% | ||||||||
| Kasikornbank PCL | 675,069 | 5,034,011 | ||||||
| PTT Exploration & Production PCL (‡) | 610,700 | 2,486,262 | ||||||
| 7,520,273 | ||||||||
| Turkey | 0.4% | ||||||||
| BIM Birlesik Magazalar AS | 95,449 | 1,386,410 | ||||||
| United Kingdom | 1.5% | ||||||||
| Unilever PLC | 77,549 | 5,026,078 | ||||||
| Total Common Stocks (Cost $264,132,308) | 330,989,962 | |||||||
| Short-Term Investments | 1.9% | ||||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.97% (7 day yield) (Cost $6,317,431) | 6,317,431 | 6,317,431 | ||||||
| Description | Fair Value | |||
| Total
Investments | 100.1% (Cost $270,449,739) | $ | 337,307,393 | ||
| Liabilities in Excess of Cash and Other Assets | (0.1)% | (194,654) | |||
| Net Assets | 100.0% | $ | 337,112,739 | ||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio | ||||||||
| Common Stocks | 61.4% | ||||||||
| Australia | 0.9% | ||||||||
| AGL Energy Ltd. | 34,145 | $ | 279,122 | |||||
| Brambles Ltd. | 31,069 | 409,523 | ||||||
| Computershare Ltd. ADR | 11,602 | 201,527 | ||||||
| GrainCorp Ltd., Class A | 21,975 | 139,942 | ||||||
| Perseus Mining Ltd. | 153,818 | 273,911 | ||||||
| Qantas Airways Ltd. (*) | 33,371 | 171,419 | ||||||
| REA Group Ltd. | 3,277 | 457,446 | ||||||
| Telstra Group Ltd. | 26,778 | 71,946 | ||||||
| Westgold Resources Ltd. | 129,403 | 237,090 | ||||||
| 2,241,926 | ||||||||
| Bermuda | 0.2% | ||||||||
| Hamilton Insurance Group Ltd., Class B | 19,984 | 386,491 | ||||||
| RenaissanceRe Holdings Ltd. | 681 | 185,504 | ||||||
| 571,995 | ||||||||
| Burkina Faso | 0.1% | ||||||||
| IAMGOLD Corp. (*) | 23,598 | 123,709 | ||||||
| Canada | 2.2% | ||||||||
| ARC Resources Ltd. | 8,424 | 142,388 | ||||||
| Brookfield Corp. | 2,691 | 142,922 | ||||||
| CGI, Inc. (*) | 1,380 | 158,790 | ||||||
| Colliers International Group, Inc. | 742 | 112,607 | ||||||
| Constellation Software, Inc. | 54 | 175,681 | ||||||
| Dollarama, Inc. | 11,841 | 1,212,948 | ||||||
| Fairfax Financial Holdings Ltd. | 414 | 522,737 | ||||||
| Fortis, Inc. | 2,985 | 135,627 | ||||||
| Hydro One Ltd. | 3,479 | 120,593 | ||||||
| iA Financial Corp., Inc. | 2,249 | 186,412 | ||||||
| International Petroleum Corp. (*) | 18,051 | 214,587 | ||||||
| Kinross Gold Corp. | 30,514 | 285,861 | ||||||
| Loblaw Cos. Ltd. | 3,295 | 438,732 | ||||||
| Manulife Financial Corp. | 5,082 | 150,192 | ||||||
| Metro, Inc. | 6,159 | 389,318 | ||||||
| Power Corp. of Canada | 8,174 | 257,830 | ||||||
| Shopify, Inc. Class A (*) | 1,474 | 118,088 | ||||||
| Suncor Energy, Inc. | 8,525 | 314,665 | ||||||
| Teekay Tankers Ltd., Class A | 1,330 | 77,473 | ||||||
| 5,157,451 | ||||||||
| China | 0.3% | ||||||||
| BOC Hong Kong Holdings Ltd. | 28,500 | 90,879 | ||||||
| NXP Semiconductors NV | 1,603 | 384,736 | ||||||
| Yangzijiang Shipbuilding Holdings Ltd. | 68,000 | 129,564 | ||||||
| 605,179 | ||||||||
| Description | Shares | Fair Value | ||||||
| Denmark | 0.2% | ||||||||
| Carlsberg AS, Class B ADR | 8,841 | $ | 210,327 | |||||
| Jyske Bank AS | 947 | 73,815 | ||||||
| Novo Nordisk AS, Class B | 2,323 | 276,607 | ||||||
| 560,749 | ||||||||
| Finland | 0.1% | ||||||||
| Kone OYJ ADR | 7,888 | 235,930 | ||||||
| France | 1.2% | ||||||||
| BNP Paribas SA | 11,998 | 823,354 | ||||||
| Bureau Veritas SA ADR | 3,225 | 213,769 | ||||||
| Cie Generale des Etablissements Michelin SCA | 2,106 | 85,506 | ||||||
| Gaztransport Et Technigaz SA | 1,416 | 200,494 | ||||||
| Legrand SA ADR | 9,451 | 217,562 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE ADR | 1,642 | 252,227 | ||||||
| Orange SA | 31,269 | 358,035 | ||||||
| Pernod Ricard SA ADR | 5,211 | 158,102 | ||||||
| Societe Generale SA | 6,588 | 164,235 | ||||||
| TotalEnergies SE | 4,603 | 298,345 | ||||||
| 2,771,629 | ||||||||
| Germany | 0.4% | ||||||||
| Commerzbank AG | 10,968 | 202,269 | ||||||
| Deutsche Bank AG | 19,231 | 331,499 | ||||||
| Mercedes-Benz Group AG | 848 | 54,812 | ||||||
| Merck KGaA ADR | 5,656 | 200,109 | ||||||
| TUI AG (*) | 12,564 | 95,715 | ||||||
| 884,404 | ||||||||
| Hong Kong | 0.4% | ||||||||
| AIA Group Ltd. ADR | 5,109 | 179,786 | ||||||
| Henderson Land Development Co. Ltd. | 36,000 | 113,040 | ||||||
| HKT Trust & HKT Ltd. | 66,000 | 84,501 | ||||||
| Techtronic Industries Co. Ltd. ADR | 5,700 | 429,210 | ||||||
| WH Group Ltd. | 318,000 | 251,546 | ||||||
| 1,058,083 | ||||||||
| Ireland | 0.5% | ||||||||
| Accenture PLC, Class A | 2,155 | 761,749 | ||||||
| AerCap Holdings NV | 1,187 | 112,433 | ||||||
| AIB Group PLC | 18,665 | 106,995 | ||||||
| Cimpress PLC (*) | 1,207 | 98,878 | ||||||
| 1,080,055 | ||||||||
| Israel | 0.1% | ||||||||
| Bezeq The Israeli Telecommunication Corp. Ltd. | 176,127 | 202,682 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||
| Wix.com Ltd. (*) | 787 | $ | 131,563 | |||||
| 334,245 | ||||||||
| Italy | 0.6% | ||||||||
| Banco BPM SpA | 30,429 | 205,585 | ||||||
| BPER Banca SpA | 27,915 | 157,310 | ||||||
| Ferrari NV | 587 | 274,959 | ||||||
| Intesa Sanpaolo SpA | 30,026 | 128,521 | ||||||
| Telecom Italia SpA (*) | 424,898 | 118,157 | ||||||
| UniCredit SpA | 11,858 | 521,096 | ||||||
| 1,405,628 | ||||||||
| Japan | 4.4% | ||||||||
| Activia Properties, Inc. REIT | 46 | 104,719 | ||||||
| Central Japan Railway Co. | 3,400 | 78,678 | ||||||
| Daiichi Sankyo Co. Ltd. | 3,500 | 115,067 | ||||||
| Daiwa House Industry Co. Ltd. | 2,800 | 88,014 | ||||||
| Denso Corp. | 11,200 | 166,712 | ||||||
| East Japan Railway Co. | 15,000 | 298,153 | ||||||
| ENEOS Holdings, Inc. | 58,200 | 316,872 | ||||||
| FANUC Corp. ADR | 14,800 | 216,228 | ||||||
| FUJIFILM Holdings Corp. | 3,500 | 90,279 | ||||||
| GS Yuasa Corp. | 5,800 | 115,628 | ||||||
| Gunma Bank Ltd. | 14,400 | 88,376 | ||||||
| Hachijuni Bank Ltd. | 15,300 | 89,851 | ||||||
| Honda Motor Co. Ltd. | 5,700 | 60,159 | ||||||
| Idemitsu Kosan Co. Ltd. | 19,200 | 137,855 | ||||||
| Inpex Corp. | 8,200 | 111,234 | ||||||
| Iyogin Holdings, Inc. | 9,400 | 89,325 | ||||||
| Japan Airlines Co. Ltd. | 5,700 | 100,101 | ||||||
| Japan Post Bank Co. Ltd. | 43,400 | 405,527 | ||||||
| Japan Post Holdings Co. Ltd. | 95,400 | 910,430 | ||||||
| Japan Tobacco, Inc. | 12,100 | 353,480 | ||||||
| KDDI Corp. | 9,700 | 310,486 | ||||||
| Kuraray Co. Ltd. | 16,600 | 245,893 | ||||||
| Kyoto Financial Group, Inc. | 29,600 | 456,764 | ||||||
| Lasertec Corp. | 600 | 99,398 | ||||||
| Leopalace21 Corp. | 31,200 | 130,296 | ||||||
| Mazda Motor Corp. | 12,800 | 95,956 | ||||||
| McDonald’s Holdings Co. Japan Ltd. | 3,600 | 171,416 | ||||||
| Mebuki Financial Group, Inc. | 24,900 | 99,947 | ||||||
| MEIJI Holdings Co. Ltd. | 10,500 | 262,529 | ||||||
| Mitsubishi Electric Corp. | 6,700 | 107,976 | ||||||
| Mitsui Mining & Smelting Co. Ltd. | 3,500 | 119,468 | ||||||
| Mizuho Financial Group, Inc. | 8,400 | 172,662 | ||||||
| Modec, Inc. | 11,900 | 282,513 | ||||||
| Nagoya Railroad Co. Ltd. | 11,200 | 135,950 | ||||||
| Description | Shares | Fair Value | ||||||
| Namura Shipbuilding Co. Ltd. | 9,800 | $ | 95,950 | |||||
| NGK Insulators Ltd. | 20,300 | 265,429 | ||||||
| Nintendo Co. Ltd. ADR | 19,614 | 261,258 | ||||||
| Nippon Telegraph & Telephone Corp. | 349,400 | 357,587 | ||||||
| Nisshinbo Holdings, Inc. | 32,900 | 220,203 | ||||||
| Osaka Gas Co. Ltd. | 18,600 | 417,966 | ||||||
| Sankyo Co. Ltd. | 7,300 | 107,045 | ||||||
| Shimano, Inc. ADR | 9,064 | 170,222 | ||||||
| Shizuoka Financial Group, Inc. | 16,400 | 142,596 | ||||||
| SoftBank Corp. | 331,000 | 432,213 | ||||||
| Subaru Corp. | 11,700 | 203,311 | ||||||
| Sumitomo Mitsui Financial Group, Inc. | 12,300 | 261,866 | ||||||
| Sumitomo Rubber Industries Ltd. | 10,800 | 118,334 | ||||||
| T&D Holdings, Inc. | 6,700 | 117,020 | ||||||
| Tokyo Electron Ltd. | 1,200 | 213,086 | ||||||
| Tokyu Fudosan Holdings Corp. | 11,300 | 77,979 | ||||||
| Toyota Industries Corp. | 1,400 | 108,073 | ||||||
| Toyota Motor Corp. | 12,200 | 218,514 | ||||||
| 10,416,594 | ||||||||
| Netherlands | 0.8% | ||||||||
| ASM International NV | 490 | 321,146 | ||||||
| Eurocommercial Properties NV REIT | 9,860 | 273,391 | ||||||
| EXOR NV | 2,580 | 276,516 | ||||||
| Koninklijke Ahold Delhaize NV | 2,462 | 85,067 | ||||||
| Koninklijke KPN NV | 47,253 | 192,993 | ||||||
| Wolters Kluwer NV | 1,568 | 264,297 | ||||||
| Wolters Kluwer NV ADR | 3,065 | 514,154 | ||||||
| 1,927,564 | ||||||||
| Portugal | 0.1% | ||||||||
| Galp Energia SGPS SA | 7,983 | 149,892 | ||||||
| Singapore | 0.1% | ||||||||
| City Developments Ltd. | 36,200 | 152,056 | ||||||
| Jardine Cycle & Carriage Ltd. | 3,400 | 73,000 | ||||||
| 225,056 | ||||||||
| Spain | 0.4% | ||||||||
| Acciona SA | 800 | 113,360 | ||||||
| Banco Bilbao Vizcaya Argentaria SA | 36,629 | 396,506 | ||||||
| Banco Santander SA | 11,167 | 57,067 | ||||||
| Iberdrola SA | 6,116 | 94,624 | ||||||
| Industria de Diseno Textil SA ADR | 11,764 | 349,156 | ||||||
| 1,010,713 | ||||||||
| Sweden | 0.6% | ||||||||
| Assa Abloy AB ADR | 13,690 | 229,992 | ||||||
| Epiroc AB ADR | 19,331 | 418,903 | ||||||
| Essity AB, Class B | 14,587 | 455,240 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||
| Fastighets AB Balder, B Shares (*) | 8,641 | $ | 75,916 | |||||
| Hexagon AB ADR | 24,865 | 266,801 | ||||||
| 1,446,852 | ||||||||
| Switzerland | 1.5% | ||||||||
| ABB Ltd. ADR | 9,271 | 536,976 | ||||||
| Givaudan SA | 35 | 191,980 | ||||||
| Logitech International SA | 2,221 | 198,741 | ||||||
| Novartis AG | 22,420 | 2,580,896 | ||||||
| PSP Swiss Property AG | 682 | 99,863 | ||||||
| 3,608,456 | ||||||||
| United Kingdom | 2.6% | ||||||||
| AstraZeneca PLC | 6,011 | 936,303 | ||||||
| AstraZeneca PLC ADR | 5,295 | 412,533 | ||||||
| Auto Trader Group PLC | 9,708 | 112,697 | ||||||
| BAE Systems PLC | 2,952 | 48,866 | ||||||
| Barclays PLC | 127,043 | 382,336 | ||||||
| Coca-Cola Europacific Partners PLC | 4,423 | 348,311 | ||||||
| Diageo PLC ADR | 3,860 | 541,712 | ||||||
| Fidelis Insurance Holdings Ltd. | 4,157 | 75,075 | ||||||
| Global Ship Lease, Inc., Class A | 5,886 | 156,862 | ||||||
| Harbour Energy PLC | 25,902 | 92,492 | ||||||
| HSBC Holdings PLC | 17,326 | 155,407 | ||||||
| Investec PLC | 19,169 | 145,927 | ||||||
| NatWest Group PLC | 156,294 | 722,096 | ||||||
| RELX PLC | 2,408 | 113,768 | ||||||
| RELX PLC ADR | 10,923 | 518,406 | ||||||
| Serco Group PLC | 38,031 | 90,744 | ||||||
| Standard Chartered PLC | 47,804 | 508,361 | ||||||
| Unilever PLC | 5,609 | 363,250 | ||||||
| Unilever PLC ADR | 7,546 | 490,188 | ||||||
| 6,215,334 | ||||||||
| United States | 43.7% | ||||||||
| 3M Co. | 5,951 | 813,502 | ||||||
| AbbVie, Inc. | 3,081 | 608,436 | ||||||
| Abercrombie & Fitch Co., Class A (*) | 596 | 83,380 | ||||||
| Adobe, Inc. (*) | 762 | 394,548 | ||||||
| Alkermes PLC (*) | 2,677 | 74,929 | ||||||
| Allison Transmission Holdings, Inc. | 3,674 | 352,961 | ||||||
| Allstate Corp. | 464 | 87,998 | ||||||
| Alnylam Pharmaceuticals, Inc. (*) | 873 | 240,101 | ||||||
| Alphabet, Inc., Class A | 4,339 | 719,623 | ||||||
| Alphabet, Inc., Class C | 15,325 | 2,562,187 | ||||||
| Altria Group, Inc. | 7,638 | 389,844 | ||||||
| Amazon.com, Inc. (*) | 11,137 | 2,075,157 | ||||||
| Ameren Corp. | 1,136 | 99,355 | ||||||
| Description | Shares | Fair Value | ||||||
| American Electric Power Co., Inc. | 4,818 | $ | 494,327 | |||||
| American International Group, Inc. | 2,254 | 165,060 | ||||||
| American Tower Corp. REIT | 4,070 | 946,519 | ||||||
| Amphenol Corp., Class A | 6,140 | 400,082 | ||||||
| Aon PLC, Class A | 1,481 | 512,411 | ||||||
| Appfolio, Inc., Class A (*) | 464 | 109,226 | ||||||
| Apple, Inc. | 24,715 | 5,758,595 | ||||||
| Applied Materials, Inc. | 4,862 | 982,367 | ||||||
| AptarGroup, Inc. | 490 | 78,493 | ||||||
| Arista Networks, Inc. (*) | 258 | 99,026 | ||||||
| Assurant, Inc. | 761 | 151,332 | ||||||
| AT&T, Inc. | 21,993 | 483,846 | ||||||
| Atmos Energy Corp. | 2,025 | 280,888 | ||||||
| Automatic Data Processing, Inc. | 775 | 214,466 | ||||||
| Avery Dennison Corp. | 951 | 209,943 | ||||||
| Axis Capital Holdings Ltd. | 5,733 | 456,404 | ||||||
| Axos Financial, Inc. (*) | 1,621 | 101,928 | ||||||
| Bank of America Corp. | 22,970 | 911,450 | ||||||
| Bank of New York Mellon Corp. | 17,395 | 1,250,005 | ||||||
| Becton Dickinson & Co. | 334 | 80,527 | ||||||
| Biogen, Inc. (*) | 458 | 88,779 | ||||||
| BJ’s Wholesale Club Holdings, Inc. (*) | 873 | 72,005 | ||||||
| Booz Allen Hamilton Holding Corp. | 3,158 | 513,996 | ||||||
| BorgWarner, Inc. | 2,363 | 85,753 | ||||||
| Boston Scientific Corp. (*) | 5,105 | 427,799 | ||||||
| Brady Corp., Class A | 1,999 | 153,183 | ||||||
| Brinker International, Inc. (*) | 763 | 58,392 | ||||||
| Bristol-Myers Squibb Co. | 7,216 | 373,356 | ||||||
| Broadcom, Inc. | 4,690 | 809,025 | ||||||
| BRP, Inc. | 2,617 | 155,816 | ||||||
| Burlington Stores, Inc. (*) | 418 | 110,135 | ||||||
| Cadence Design Systems, Inc. (*) | 279 | 75,617 | ||||||
| Cal-Maine Foods, Inc. | 2,447 | 183,133 | ||||||
| Cardinal Health, Inc. | 4,633 | 512,039 | ||||||
| Carnival Corp. (*) | 7,253 | 134,035 | ||||||
| Caterpillar, Inc. | 1,330 | 520,190 | ||||||
| Cboe Global Markets, Inc. | 2,251 | 461,162 | ||||||
| Cencora, Inc. | 5,283 | 1,189,098 | ||||||
| Centene Corp. (*) | 1,515 | 114,049 | ||||||
| Charles Schwab Corp. | 4,220 | 273,498 | ||||||
| Charter Communications, Inc., Class A (*) | 620 | 200,930 | ||||||
| Chipotle Mexican Grill, Inc. (*) | 987 | 56,871 | ||||||
| Chord Energy Corp. | 649 | 84,519 | ||||||
| Chubb Ltd. | 257 | 74,116 | ||||||
| Church & Dwight Co., Inc. | 2,382 | 249,443 | ||||||
| Cigna Group | 767 | 265,720 | ||||||
| Cintas Corp. | 636 | 130,940 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||
| Cirrus Logic, Inc. (*) | 2,587 | $ | 321,331 | |||||
| Cisco Systems, Inc. | 2,716 | 144,546 | ||||||
| Citizens Financial Group, Inc. | 2,729 | 112,080 | ||||||
| CME Group, Inc. | 399 | 88,039 | ||||||
| CMS Energy Corp. | 1,345 | 94,997 | ||||||
| Coca-Cola Co. | 10,715 | 769,980 | ||||||
| Cognizant Technology Solutions Corp., Class A | 4,800 | 370,464 | ||||||
| Colgate-Palmolive Co. | 27,831 | 2,889,136 | ||||||
| Comcast Corp., Class A | 6,725 | 280,903 | ||||||
| CommVault Systems, Inc. (*) | 1,038 | 159,696 | ||||||
| Constellation Brands, Inc., Class A | 296 | 76,276 | ||||||
| Costco Wholesale Corp. | 1,673 | 1,483,148 | ||||||
| Coterra Energy, Inc. | 3,953 | 94,674 | ||||||
| Curtiss-Wright Corp. | 473 | 155,470 | ||||||
| Danaher Corp. | 1,806 | 502,104 | ||||||
| Datadog, Inc., Class A (*) | 1,680 | 193,301 | ||||||
| DaVita, Inc. (*) | 732 | 119,997 | ||||||
| Deckers Outdoor Corp. (*) | 1,106 | 176,352 | ||||||
| Dell Technologies, Inc., Class C | 1,996 | 236,606 | ||||||
| Dominion Energy, Inc. | 10,560 | 610,262 | ||||||
| Donaldson Co., Inc. | 1,688 | 124,406 | ||||||
| Dropbox, Inc., Class A (*) | 5,455 | 138,721 | ||||||
| Eaton Corp. PLC | 1,206 | 399,717 | ||||||
| eBay, Inc. | 2,096 | 136,471 | ||||||
| Electronic Arts, Inc. | 9,135 | 1,310,324 | ||||||
| Eli Lilly & Co. | 1,145 | 1,014,401 | ||||||
| EnerSys | 840 | 85,722 | ||||||
| Entergy Corp. | 1,466 | 192,940 | ||||||
| EOG Resources, Inc. | 1,344 | 165,218 | ||||||
| Euronet Worldwide, Inc. (*) | 1,902 | 188,735 | ||||||
| Everest Group Ltd. | 763 | 298,966 | ||||||
| Exxon Mobil Corp. | 2,570 | 301,255 | ||||||
| Fidelity National Information Services, Inc. | 3,868 | 323,945 | ||||||
| First Citizens BancShares, Inc., Class A | 76 | 139,912 | ||||||
| Fiserv, Inc. (*) | 5,060 | 909,029 | ||||||
| Fortinet, Inc. (*) | 1,136 | 88,097 | ||||||
| Gilead Sciences, Inc. | 5,631 | 472,103 | ||||||
| Goldman Sachs Group, Inc. | 1,526 | 755,538 | ||||||
| GSK PLC | 56,222 | 1,143,549 | ||||||
| Guess?, Inc. | 3,623 | 72,931 | ||||||
| Hartford Financial Services Group, Inc. | 5,038 | 592,519 | ||||||
| HCA Healthcare, Inc. | 3,022 | 1,228,231 | ||||||
| Hewlett Packard Enterprise Co. | 9,461 | 193,572 | ||||||
| Horace Mann Educators Corp. | 2,711 | 94,749 | ||||||
| ICF International, Inc. | 532 | 88,732 | ||||||
| Description | Shares | Fair Value | ||||||
| Impinj, Inc. (*) | 598 | $ | 129,479 | |||||
| Ingredion, Inc. | 1,169 | 160,656 | ||||||
| Intercontinental Exchange, Inc. | 3,997 | 642,078 | ||||||
| International Business Machines Corp. | 2,896 | 640,248 | ||||||
| International Seaways, Inc. | 2,655 | 136,892 | ||||||
| Intuitive Surgical, Inc. (*) | 203 | 99,728 | ||||||
| IQVIA Holdings, Inc. (*) | 1,868 | 442,660 | ||||||
| Jackson Financial, Inc., Class A | 3,909 | 356,618 | ||||||
| Jazz Pharmaceuticals PLC (*) | 788 | 87,791 | ||||||
| Johnson & Johnson | 1,710 | 277,123 | ||||||
| Kimberly-Clark Corp. | 8,038 | 1,143,647 | ||||||
| KLA Corp. | 764 | 591,649 | ||||||
| Kroger Co. | 3,398 | 194,705 | ||||||
| Lam Research Corp. | 115 | 93,849 | ||||||
| Lockheed Martin Corp. | 2,586 | 1,511,672 | ||||||
| LPL Financial Holdings, Inc. | 465 | 108,173 | ||||||
| Marvell Technology, Inc. | 2,342 | 168,905 | ||||||
| Masco Corp. | 732 | 61,444 | ||||||
| MasterCard, Inc., Class A | 2,993 | 1,477,943 | ||||||
| Matador Resources Co. | 3,059 | 151,176 | ||||||
| Match Group, Inc. (*) | 3,056 | 115,639 | ||||||
| McDonald’s Corp. | 1,217 | 370,589 | ||||||
| McKesson Corp. | 373 | 184,419 | ||||||
| Merck & Co., Inc. | 11,621 | 1,319,681 | ||||||
| Meta Platforms, Inc., Class A | 4,206 | 2,407,683 | ||||||
| MetLife, Inc. | 1,543 | 127,267 | ||||||
| Microsoft Corp. | 10,541 | 4,535,792 | ||||||
| Molson Coors Brewing Co., Class B | 1,646 | 94,678 | ||||||
| Monolithic Power Systems, Inc. | 627 | 579,662 | ||||||
| Moody’s Corp. | 1,798 | 853,313 | ||||||
| Morgan Stanley | 534 | 55,664 | ||||||
| Motorola Solutions, Inc. | 1,168 | 525,168 | ||||||
| National Fuel Gas Co. | 2,154 | 130,554 | ||||||
| National HealthCare Corp. | 974 | 122,500 | ||||||
| NetApp, Inc. | 4,843 | 598,159 | ||||||
| Netflix, Inc. (*) | 934 | 662,458 | ||||||
| Neurocrine Biosciences, Inc. (*) | 1,176 | 135,499 | ||||||
| NewMarket Corp. | 332 | 183,228 | ||||||
| Newmont Corp. CDI | 3,161 | 168,745 | ||||||
| NIKE, Inc., Class B | 2,474 | 218,702 | ||||||
| NMI Holdings, Inc. (*) | 2,171 | 89,424 | ||||||
| Northrop Grumman Corp. | 454 | 239,744 | ||||||
| Nucor Corp. | 399 | 59,986 | ||||||
| NVIDIA Corp. | 42,285 | 5,135,090 | ||||||
| Omega Healthcare Investors, Inc. | 2,112 | 85,958 | ||||||
| Onto Innovation, Inc. (*) | 463 | 96,100 | ||||||
| Oracle Corp. | 6,388 | 1,088,515 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||
| Ovintiv, Inc. | 2,012 | $ | 77,080 | |||||
| Paychex, Inc. | 538 | 72,194 | ||||||
| PepsiCo, Inc. | 2,886 | 490,764 | ||||||
| PG&E Corp. | 7,837 | 154,938 | ||||||
| Philip Morris International, Inc. | 9,461 | 1,148,565 | ||||||
| Pinterest, Inc., Class A (*) | 3,030 | 98,081 | ||||||
| PJT Partners, Inc., Class A | 797 | 106,272 | ||||||
| Prestige Consumer Healthcare, Inc. (*) | 2,549 | 183,783 | ||||||
| Procter & Gamble Co. | 5,962 | 1,032,618 | ||||||
| Progressive Corp. | 581 | 147,435 | ||||||
| PTC, Inc. (*) | 1,969 | 355,720 | ||||||
| PulteGroup, Inc. | 425 | 61,000 | ||||||
| QUALCOMM, Inc. | 7,228 | 1,229,121 | ||||||
| Qualys, Inc. (*) | 692 | 88,894 | ||||||
| Regeneron Pharmaceuticals, Inc. (*) | 300 | 315,372 | ||||||
| Reinsurance Group of America, Inc. | 536 | 116,778 | ||||||
| Republic Services, Inc. | 604 | 121,307 | ||||||
| RingCentral, Inc., Class A (*) | 2,018 | 63,829 | ||||||
| Roche Holding AG | 4,062 | 1,300,306 | ||||||
| Rockwell Automation, Inc. | 951 | 255,305 | ||||||
| Royal Caribbean Cruises Ltd. | 924 | 163,881 | ||||||
| S&P Global, Inc. | 3,353 | 1,732,227 | ||||||
| Salesforce, Inc. | 2,105 | 576,160 | ||||||
| Sanofi SA | 3,331 | 383,778 | ||||||
| SBA Communications Corp. REIT | 1,781 | 428,687 | ||||||
| ServiceNow, Inc. (*) | 556 | 497,281 | ||||||
| Shell PLC | 6,835 | 222,773 | ||||||
| Simon Property Group, Inc. REIT | 3,112 | 525,990 | ||||||
| Southwest Gas Holdings, Inc. | 1,554 | 114,623 | ||||||
| Spire, Inc. | 1,238 | 83,305 | ||||||
| Squarespace, Inc., Class A (*) | 2,275 | 105,628 | ||||||
| State Street Corp. | 8,192 | 724,746 | ||||||
| Stride, Inc. (*) | 1,001 | 85,395 | ||||||
| Stryker Corp. | 155 | 55,995 | ||||||
| Synopsys, Inc. (*) | 228 | 115,457 | ||||||
| Sysco Corp. | 2,274 | 177,508 | ||||||
| T-Mobile U.S., Inc. | 1,223 | 252,378 | ||||||
| Targa Resources Corp. | 1,170 | 173,172 | ||||||
| Target Corp. | 7,567 | 1,179,393 | ||||||
| Terex Corp. | 2,306 | 122,010 | ||||||
| Tesla, Inc. (*) | 3,115 | 814,977 | ||||||
| Texas Instruments, Inc. | 2,089 | 431,525 | ||||||
| Texas Pacific Land Corp. | 187 | 165,446 | ||||||
| Thermo Fisher Scientific, Inc. | 808 | 499,805 | ||||||
| TJX Cos., Inc. | 10,156 | 1,193,736 | ||||||
| Toll Brothers, Inc. | 1,808 | 279,318 | ||||||
| Description | Shares | Fair Value | ||||||
| TopBuild Corp. (*) | 669 | $ | 272,156 | |||||
| Trane Technologies PLC | 1,656 | 643,737 | ||||||
| U-Haul Holding Co. (*) | 1,536 | 119,009 | ||||||
| UniFirst Corp. | 452 | 89,790 | ||||||
| United Therapeutics Corp. (*) | 368 | 131,873 | ||||||
| UnitedHealth Group, Inc. | 1,167 | 682,322 | ||||||
| Universal Health Services, Inc., Class B | 4,435 | 1,015,659 | ||||||
| Verizon Communications, Inc. | 17,577 | 789,383 | ||||||
| Visa, Inc., A Shares | 1,868 | 513,607 | ||||||
| W.R. Berkley Corp. | 1,550 | 87,932 | ||||||
| Walmart, Inc. | 6,506 | 525,360 | ||||||
| Walt Disney Co. | 937 | 90,130 | ||||||
| Warner Music Group Corp., Class A | 3,790 | 118,627 | ||||||
| Waste Management, Inc. | 3,501 | 726,808 | ||||||
| WEC Energy Group, Inc. | 920 | 88,486 | ||||||
| Wells Fargo & Co. | 6,187 | 349,504 | ||||||
| Western Union Co. | 7,277 | 86,815 | ||||||
| Westlake Corp. | 547 | 82,209 | ||||||
| Willis Towers Watson PLC | 321 | 94,544 | ||||||
| Xcel Energy, Inc. | 8,986 | 586,786 | ||||||
| Zoetis, Inc. | 1,744 | 340,743 | ||||||
| Zoom Video Communications, Inc. Class A (*) | 1,970 | 137,388 | ||||||
| 103,659,737 | ||||||||
| Total Common Stocks (Cost $109,473,842) | 145,691,181 | |||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Corporate Bonds | 11.4% | ||||||||||
| Australia | 0.4% | ||||||||||
| Telstra Corp. Ltd., 4.000%, 04/19/27 | AUD | 1,200 | $ | 822,759 | ||||||
| Canada | 0.2% | ||||||||||
| Canadian Imperial Bank of Commerce, 0.950%, 10/23/25 | USD | 490 | 472,906 | |||||||
| Denmark | 0.5% | ||||||||||
| Nykredit Realkredit AS, 1.000%, 01/01/27 | DKK | 8,175 | 1,190,100 | |||||||
| Germany | 0.5% | ||||||||||
| Commerzbank AG, 3.375%, 12/12/25 | EUR | 460 | 517,524 | |||||||
| Mercedes-Benz Group AG, 0.750%, 09/10/30 | EUR | 740 | 724,214 | |||||||
| 1,241,738 | ||||||||||
| Japan | 0.1% | ||||||||||
| NTT Finance Corp., 4.239%, 07/25/25 | USD | 200 | 199,597 | |||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||||
| Norway | 0.4% | ||||||||||
| DNB Boligkreditt AS, 5.170% (3 Month NOK NIBOR + 0.450%), 02/08/28 (§) | NOK | 10,000 | $ | 952,189 | ||||||
| Sweden | 0.1% | ||||||||||
| Swedbank Hypotek AB, 3.000%, 03/28/29 | SEK | 2,500 | 253,108 | |||||||
| Switzerland | 0.5% | ||||||||||
| ABB Finance USA, Inc., 4.375%, 05/08/42 | USD | 205 | 192,189 | |||||||
| Pfandbriefzentrale der schweizerischen Kantonalbanken AG, Series 405 2.000%, 10/30/25 | CHF | 400 | 478,776 | |||||||
| UBS Group AG, 4.750% (1-Year EURIBOR ICE Swap + 1.600%), 03/17/32 (§) | EUR | 470 | 562,742 | |||||||
| 1,233,707 | ||||||||||
| United Kingdom | 0.8% | ||||||||||
| Ashtead Capital, Inc., 4.250%, 11/01/29 | USD | 1,295 | 1,259,734 | |||||||
| Tesco Corporate Treasury Services PLC, 2.750%, 04/27/30 | GBP | 580 | 696,144 | |||||||
| 1,955,878 | ||||||||||
| United States | 7.9% | ||||||||||
| Adobe, Inc.: | ||||||||||
| 2.300%, 02/01/30 | USD | 615 | 565,108 | |||||||
| 4.950%, 04/04/34 | USD | 168 | 175,186 | |||||||
| Alphabet, Inc., 1.100%, 08/15/30 | USD | 410 | 353,019 | |||||||
| American Express Co., 4.050%, 05/03/29 | USD | 205 | 205,377 | |||||||
| Amgen, Inc., 3.000%, 02/22/29 | USD | 1,205 | 1,151,041 | |||||||
| Apple, Inc., 1.125%, 05/11/25 | USD | 615 | 602,560 | |||||||
| AT&T, Inc., 3.500%, 06/01/41 | USD | 1,120 | 916,608 | |||||||
| Bank of America Corp., 1.978% (CDOR 3 Month + 0.600%), 09/15/27 (§) | CAD | 305 | 218,384 | |||||||
| Citigroup, Inc., 1.281% (SOFR + 0.528%), 11/03/25 (§) | USD | 220 | 219,148 | |||||||
| Clean Harbors, Inc., 4.875%, 07/15/27 | USD | 635 | 625,988 | |||||||
| Comcast Corp., 4.650%, 02/15/33 | USD | 825 | 836,798 | |||||||
| Dell International LLC/EMC Corp., 5.300%, 10/01/29 | USD | 372 | 387,465 | |||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Eaton Corp., 4.150%, 11/02/42 | USD | 330 | $ | 302,126 | ||||||
| Goldman Sachs Group, Inc., 1.992% (SOFR + 1.090%), 01/27/32 (§) | USD | 630 | 538,913 | |||||||
| Home Depot, Inc., 5.875%, 12/16/36 | USD | 510 | 570,244 | |||||||
| John Deere Financial, Inc., 2.410%, 01/14/25 | CAD | 195 | 143,535 | |||||||
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 1.750%, 09/15/30 | USD | 770 | 667,634 | |||||||
| JPMorgan Chase & Co., 3.540% (SOFR + 1.642%), 05/01/28 (§) | USD | 535 | 525,327 | |||||||
| Kimberly-Clark Corp., 3.200%, 04/25/29 | USD | 108 | 104,802 | |||||||
| Lowe’s Cos., Inc., 5.000%, 04/15/33 | USD | 795 | 819,891 | |||||||
| McDonald’s Corp., 3.125%, 03/04/25 | CAD | 995 | 732,832 | |||||||
| Microsoft Corp., 3.500%, 11/15/42 | USD | 1,260 | 1,112,351 | |||||||
| Morgan Stanley, 3.625%, 01/20/27 | USD | 215 | 213,061 | |||||||
| PepsiCo, Inc., 2.875%, 10/15/49 | USD | 740 | 528,863 | |||||||
| Procter & Gamble Co.: | ||||||||||
| 1.200%, 10/29/30 | USD | 70 | 59,875 | |||||||
| 4.550%, 01/29/34 | USD | 243 | 250,983 | |||||||
| Prologis LP, 1.250%, 10/15/30 | USD | 1,405 | 1,185,277 | |||||||
| Schneider Electric SE, 0.875%, 12/13/26 | EUR | 1,000 | 1,072,280 | |||||||
| Starbucks Corp., 4.450%, 08/15/49 | USD | 550 | 488,162 | |||||||
| Stryker Corp., 4.250%, 09/11/29 | USD | 465 | 465,974 | |||||||
| Sysco Corp., 2.400%, 02/15/30 | USD | 610 | 553,095 | |||||||
| Toyota Motor Credit Corp., 2.150%, 02/13/30 | USD | 175 | 157,911 | |||||||
| United Rentals North America, Inc., 4.875%, 01/15/28 | USD | 820 | 813,929 | |||||||
| Verizon Communications, Inc., 3.875%, 02/08/29 | USD | 639 | 630,403 | |||||||
| Waste Management, Inc., 4.625%, 02/15/30 | USD | 545 | 558,256 | |||||||
| 18,752,406 | ||||||||||
| Total Corporate Bonds (Cost $26,413,959) | 27,074,388 | |||||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||
| Exchange-Traded Funds | 1.3% | ||||||||
| iShares MSCI World ETF (Cost $1,678,041) | 19,913 | $ | 3,124,549 | |||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Foreign Government Obligations | 16.9% | ||||||||||
| Australia | 0.5% | ||||||||||
| New South Wales Treasury Corp., 1.250%, 11/20/30 | AUD | 885 | $ | 515,467 | ||||||
| Queensland Treasury Corp., 1.250%, 03/10/31 | AUD | 985 | 565,234 | |||||||
| 1,080,701 | ||||||||||
| Bahamas | 0.3% | ||||||||||
| Bahamas Government International Bonds, 6.950%, 11/20/29 | USD | 820 | 771,054 | |||||||
| Bermuda | 1.1% | ||||||||||
| Bermuda Government International Bonds: | ||||||||||
| 3.717%, 01/25/27 | USD | 1,280 | 1,254,800 | |||||||
| 2.375%, 08/20/30 (#) | USD | 1,560 | 1,377,187 | |||||||
| 2,631,987 | ||||||||||
| Canada | 1.3% | ||||||||||
| British Columbia, 3.200%, 06/18/44 | CAD | 1,285 | 831,352 | |||||||
| Quebec, 1.850%, 02/13/27 | CAD | 1,490 | 1,074,095 | |||||||
| Vancouver, 2.900%, 11/20/25 | CAD | 1,440 | 1,058,687 | |||||||
| 2,964,134 | ||||||||||
| Chile | 0.6% | ||||||||||
| Bonos de la Tesoreria de la Republica en pesos, 2.500%, 03/01/25 | CLP | 90,000 | 99,246 | |||||||
| Chile Government International Bonds, 0.830%, 07/02/31 | EUR | 1,260 | 1,205,332 | |||||||
| 1,304,578 | ||||||||||
| Colombia | 0.2% | ||||||||||
| Colombia Government International Bonds, 9.850%, 06/28/27 | COP | 2,244,000 | 522,351 | |||||||
| Costa Rica | 0.4% | ||||||||||
| Costa Rica Government International Bonds, 6.125%, 02/19/31 | USD | 1,010 | 1,046,360 | |||||||
| Croatia | 0.2% | ||||||||||
| Croatia Government International Bonds, 1.750%, 03/04/41 | EUR | 590 | 530,743 | |||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Czech Republic | 0.2% | ||||||||||
| Czech Republic Government Bonds, 4.880% (PRIBOR 6 Month - 0.100%), 11/19/27 (§) | CZK | 12,790 | $ | 566,043 | ||||||
| Denmark | 0.3% | ||||||||||
| Denmark Government Bonds, 0.000%, 11/15/31 | DKK | 4,685 | 612,889 | |||||||
| Estonia | 0.2% | ||||||||||
| Estonia Government International Bonds, 3.250%, 01/17/34 | EUR | 450 | 508,686 | |||||||
| France | 0.4% | ||||||||||
| French Republic Government Bonds OAT, 1.750%, 06/25/39 | EUR | 935 | 868,387 | |||||||
| Hungary | 0.2% | ||||||||||
| Hungary Government International Bonds, 1.750%, 06/05/35 | EUR | 591 | 516,429 | |||||||
| Ireland | 0.6% | ||||||||||
| Ireland Government Bonds, 1.350%, 03/18/31 | EUR | 1,280 | 1,348,449 | |||||||
| Israel | 0.4% | ||||||||||
| Israel Government Bonds - Fixed, 1.750%, 08/31/25 | ILS | 3,300 | 867,513 | |||||||
| Italy | 0.4% | ||||||||||
| Italy Buoni Poliennali Del Tesoro, 4.000%, 04/30/35 | EUR | 860 | 1,010,812 | |||||||
| Japan | 2.0% | ||||||||||
| Japan Bank for International Cooperation, 1.625%, 01/20/27 | USD | 970 | 922,114 | |||||||
| Japan Government Ten Year Bonds, 0.400%, 06/20/25 | JPY | 136,000 | 948,144 | |||||||
| Japan Government Two Year Bonds, 0.100%, 01/01/26 | JPY | 285,600 | 1,982,399 | |||||||
| Japan International Cooperation Agency, 3.250%, 05/25/27 | USD | 944 | 927,823 | |||||||
| 4,780,480 | ||||||||||
| Mexico | 0.5% | ||||||||||
| Mexico Bonos, 7.500%, 06/03/27 | MXN | 24,130 | 1,178,733 | |||||||
| New Zealand | 1.0% | ||||||||||
| Housing New Zealand Ltd., 3.420%, 10/18/28 | NZD | 1,070 | 665,797 | |||||||
| New Zealand Local Government Funding Agency Bonds: | ||||||||||
| 1.500%, 04/20/29 | NZD | 1,955 | 1,106,847 | |||||||
| 2.000%, 04/15/37 | NZD | 1,430 | 649,311 | |||||||
| 2,421,955 | ||||||||||
| Panama | 0.6% | ||||||||||
| Panama Government International Bonds: | ||||||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||||
| 8.875%, 09/30/27 | USD | 790 | $ | 875,320 | ||||||
| 3.875%, 03/17/28 | USD | 685 | 659,313 | |||||||
| 1,534,633 | ||||||||||
| Peru | 0.9% | ||||||||||
| Peru Government Bonds, 6.150%, 08/12/32 | PEN | 4,770 | 1,304,163 | |||||||
| Peruvian Government International Bonds, 3.000%, 01/15/34 | USD | 855 | 731,880 | |||||||
| 2,036,043 | ||||||||||
| Poland | 0.3% | ||||||||||
| Poland Government Bonds, 5.860% (WIBOR 6 Month), 05/25/28 (§) |
PLN | 2,475 | 636,089 | |||||||
| Portugal | 0.7% | ||||||||||
| Portugal Obrigacoes do Tesouro OT, 1.650%, 07/16/32 | EUR | 1,680 | 1,762,131 | |||||||
| Romania | 0.4% | ||||||||||
| Romanian Government Bonds: | ||||||||||
| 4.750%, 02/24/25 | RON | 3,185 | 709,134 | |||||||
| 7.200%, 10/28/26 | RON | 975 | 222,450 | |||||||
| 931,584 | ||||||||||
| Singapore | 0.4% | ||||||||||
| Singapore Government Bonds, 3.375%, 09/01/33 | SGD | 1,080 | 890,386 | |||||||
| Slovenia | 0.2% | ||||||||||
| Slovenia Government Bonds, 1.500%, 03/25/35 | EUR | 570 | 549,952 | |||||||
| Spain | 0.6% | ||||||||||
| Spain Government Bonds, 1.000%, 07/30/42 | EUR | 1,925 | 1,462,577 | |||||||
| Switzerland | 0.7% | ||||||||||
| Swiss Confederation Government Bonds: | ||||||||||
| 1.500%, 07/24/25 | CHF | 840 | 999,410 | |||||||
| 0.500%, 06/27/32 | CHF | 515 | 614,040 | |||||||
| 1,613,450 | ||||||||||
| Thailand | 0.5% | ||||||||||
| Thailand Government Bonds, 1.585%, 12/17/35 | THB | 37,800 | 1,063,956 | |||||||
| United Kingdom | 0.8% | ||||||||||
| U.K. Gilts: | ||||||||||
| 0.875%, 07/31/33 | GBP | 1,395 | 1,442,091 | |||||||
| 1.250%, 10/22/41 | GBP | 580 | 486,288 | |||||||
| 1,928,379 | ||||||||||
| Total Foreign Government Obligations (Cost $38,751,917) | 39,941,464 | |||||||||
| Description | Shares | Fair Value | ||||||
| Preferred Stocks | 0.1% | ||||||||
| Germany | 0.1% | ||||||||
| Henkel AG & Co. KGaA (Cost $177,388) | 2,043 | $ | 191,965 | |||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Quasi Government Bonds | 1.1% | ||||||||||
| Germany | 1.1% | ||||||||||
| Kreditanstalt fuer Wiederaufbau: | ||||||||||
| 0.000%, 09/15/28 | EUR | 605 | $ | 616,179 | ||||||
| 1.750%, 09/14/29 | USD | 1,605 | 1,469,774 | |||||||
| 0.000%, 04/18/36 | USD | 865 | 545,520 | |||||||
| (Cost $2,678,291) | 2,631,473 | |||||||||
| Supranational Bonds | 4.0% | ||||||||||
| Asian Development Bank: | ||||||||||
| 2.125%, 03/19/25 | USD | 296 | 292,606 | |||||||
| 6.200%, 10/06/26 | INR | 46,800 | 555,594 | |||||||
| European Bank for Reconstruction & Development, 4.250%, 02/07/28 | IDR | 8,000,000 | 502,457 | |||||||
| European Investment Bank, 1.000%, 01/28/28 | CAD | 1,475 | 1,023,732 | |||||||
| European Union: | ||||||||||
| 2.750%, 02/04/33 | EUR | 445 | 499,947 | |||||||
| 0.400%, 02/04/37 | EUR | 1,060 | 882,733 | |||||||
| Inter-American Development Bank, 5.100%, 11/17/26 | IDR | 10,900,000 | 707,953 | |||||||
| Inter-American Investment Corp., 1.100%, 06/30/26 | AUD | 837 | 547,187 | |||||||
| International Bank for Reconstruction & Development: | ||||||||||
| 2.900%, 11/26/25 | AUD | 1,353 | 922,470 | |||||||
| 1.250%, 03/16/26 | NOK | 9,710 | 889,758 | |||||||
| 1.125%, 09/13/28 | USD | 568 | 516,549 | |||||||
| 9.500%, 02/09/29 | BRL | 4,680 | 817,241 | |||||||
| International Finance Corp.: | ||||||||||
| 2.125%, 04/07/26 | USD | 730 | 711,020 | |||||||
| 1.500%, 04/15/35 | AUD | 1,321 | 678,772 | |||||||
| Total Supranational Bonds (Cost $9,973,093) | 9,548,019 | |||||||||
| U.S. Municipal Bonds | 0.8% | ||||||||||
| California: | ||||||||||
| 7.550%, 04/01/39 | USD | 700 | 879,824 | |||||||
| 5.875%, 10/01/41 | USD | 925 | 994,313 | |||||||
| (Cost $1,957,780) | 1,874,137 | |||||||||
| Description | Security Currency | Principal Amount (000) | Fair Value | |||||||
| Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued) | ||||||||||
| U.S. Treasury Securities | 2.0% | ||||||||||
| U.S. Treasury Bonds: | ||||||||||
| 4.125%, 11/15/32 | USD | 465 | $ | 478,314 | ||||||
| 1.750%, 08/15/41 | USD | 3,236 | 2,294,400 | |||||||
| 3.625%, 02/15/53 | USD | 800 | 727,438 | |||||||
| U.S. Treasury Inflation-Indexed Note, 1.250%, 04/15/28 (††) | USD | 1,106 | 1,095,775 | |||||||
| Total U.S. Treasury Securities (Cost $4,189,112) | 4,595,927 | |||||||||
| Description | Shares | Fair Value | ||||||
| Warrants | 0.0% | ||||||||
| Canada | 0.0% | ||||||||
| Constellation Software, Inc. Expires 03/31/40 (*), (¢) (Cost $0) | 431 | $ | 0 | |||||
| Short-Term Investments | 0.1% | ||||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.97% (7 day yield) (Cost $320,147) | 320,147 | 320,147 | ||||||
| Total Investments | 99.1% (Cost $195,613,570) (») | $ | 234,993,250 | ||||||
| Cash and Other Assets in Excess of Liabilities | 0.9% | 2,184,296 | |||||||
| Net Assets | 100.0% | $ | 237,177,546 | ||||||
Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)
Forward Currency Contracts open at September 30, 2024:
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| AUD | 1,376,222 | USD | 929,827 | MSC | 10/16/24 | $ | 21,837 | $ | — | |||||||||
| AUD | 520,000 | USD | 356,325 | SSB | 12/23/24 | 3,470 | — | |||||||||||
| CAD | 503,987 | USD | 374,560 | JPM | 10/16/24 | — | 1,784 | |||||||||||
| CAD | 1,500,189 | USD | 1,114,213 | JPM | 10/16/24 | — | 4,592 | |||||||||||
| CAD | 630,075 | USD | 467,272 | MSC | 10/16/24 | — | 1,235 | |||||||||||
| CNH | 43,679,860 | USD | 6,029,133 | HSB | 10/16/24 | 207,946 | — | |||||||||||
| CNH | 663,343 | USD | 91,528 | JPM | 10/16/24 | 3,191 | — | |||||||||||
| CZK | 670,048 | USD | 28,729 | JPM | 10/16/24 | 862 | — | |||||||||||
| CZK | 895,583 | USD | 38,399 | JPM | 10/16/24 | 1,153 | — | |||||||||||
| DKK | 3,139,988 | USD | 469,132 | HSB | 10/16/24 | 101 | — | |||||||||||
| EUR | 334,673 | USD | 363,297 | CIT | 10/16/24 | 9,456 | — | |||||||||||
| EUR | 3,412,387 | USD | 3,725,801 | CIT | 10/16/24 | 74,857 | — | |||||||||||
| EUR | 1,490,022 | USD | 1,663,699 | HSB | 12/23/24 | 447 | — | |||||||||||
| EUR | 630,334 | USD | 695,222 | MSC | 10/16/24 | 6,834 | — | |||||||||||
| EUR | 1,688,059 | USD | 1,843,053 | MSC | 10/16/24 | 37,078 | — | |||||||||||
| GBP | 206,292 | USD | 267,910 | CIT | 10/16/24 | 7,890 | — | |||||||||||
| GBP | 944,495 | USD | 1,226,603 | HSB | 10/16/24 | 36,134 | — | |||||||||||
| GBP | 201,627 | USD | 261,863 | JPM | 10/16/24 | 7,701 | — | |||||||||||
| HUF | 52,451,012 | USD | 143,222 | HSB | 10/16/24 | 3,656 | — | |||||||||||
| INR | 37,488,959 | USD | 444,941 | HSB | 01/23/25 | — | 207 | |||||||||||
| JPY | 572,878,293 | USD | 3,678,561 | CIT | 10/16/24 | 314,987 | — | |||||||||||
| JPY | 589,147,455 | USD | 3,783,270 | HSB | 10/16/24 | 323,690 | — | |||||||||||
| KRW | 1,768,493,602 | USD | 1,343,738 | JPM | 01/23/25 | 17,004 | — | |||||||||||
| NOK | 3,060,361 | USD | 281,685 | MSC | 10/16/24 | 8,358 | — | |||||||||||
| NOK | 4,256,009 | USD | 387,000 | MSC | 10/16/24 | 16,359 | — | |||||||||||
| NZD | 727,200 | USD | 459,832 | HSB | 10/16/24 | 2,167 | — | |||||||||||
| RON | 346,152 | USD | 75,299 | CIT | 10/16/24 | 2,129 | — | |||||||||||
| RON | 68,622 | USD | 14,927 | HSB | 10/16/24 | 422 | — | |||||||||||
| SEK | 1,517,719 | USD | 144,885 | JPM | 10/16/24 | 4,658 | — | |||||||||||
| SEK | 7,693,000 | USD | 723,463 | MSC | 10/16/24 | 34,538 | — | |||||||||||
| SGD | 323,285 | USD | 241,526 | JPM | 10/16/24 | 10,181 | — | |||||||||||
| USD | 88,600 | AUD | 128,393 | HSB | 10/16/24 | — | 184 | |||||||||||
| USD | 303,660 | AUD | 449,281 | HSB | 10/16/24 | — | 7,020 | |||||||||||
| USD | 2,003,412 | AUD | 2,963,740 | JPM | 10/16/24 | — | 46,027 | |||||||||||
| USD | 1,259,414 | AUD | 1,863,353 | MSC | 10/16/24 | — | 29,102 | |||||||||||
| USD | 265,979 | CAD | 361,146 | CIT | 10/16/24 | — | 1,144 | |||||||||||
| USD | 4,001 | CAD | 5,433 | HSB | 10/16/24 | — | 17 | |||||||||||
| USD | 166,800 | CAD | 224,629 | HSB | 10/16/24 | 653 | — | |||||||||||
| USD | 3,641,577 | CAD | 4,945,237 | JPM | 10/16/24 | — | 16,186 | |||||||||||
| USD | 210,848 | CAD | 286,325 | MSC | 10/16/24 | — | 933 | |||||||||||
| USD | 395,000 | CAD | 534,149 | MSC | 10/16/24 | — | 86 | |||||||||||
| USD | 365,994 | CAD | 493,146 | SSB | 12/23/24 | 587 | — | |||||||||||
| USD | 237,000 | CHF | 200,175 | HSB | 10/16/24 | 105 | — | |||||||||||
| USD | 336,385 | CHF | 299,127 | HSB | 10/16/24 | — | 17,613 | |||||||||||
Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| USD | 15,378 | CHF | 13,675 | MSC | 10/16/24 | $ | — | $ | 805 | |||||||||
| USD | 41,700 | CHF | 35,198 | MSC | 10/16/24 | 46 | — | |||||||||||
| USD | 457,822 | CHF | 407,105 | MSC | 10/16/24 | — | 23,961 | |||||||||||
| USD | 461,712 | CHF | 410,060 | MSC | 10/16/24 | — | 23,569 | |||||||||||
| USD | 703,030 | CHF | 590,000 | SSB | 12/23/24 | — | 411 | |||||||||||
| USD | 354,400 | CNH | 2,468,090 | JPM | 10/16/24 | 1,980 | — | |||||||||||
| USD | 31,200 | CZK | 701,491 | HSB | 10/16/24 | 220 | — | |||||||||||
| USD | 64,901 | CZK | 1,513,693 | JPM | 10/16/24 | — | 1,948 | |||||||||||
| USD | 44,261 | DKK | 303,790 | CIT | 10/16/24 | — | 1,137 | |||||||||||
| USD | 1,359,537 | DKK | 9,331,038 | HSB | 10/16/24 | — | 34,874 | |||||||||||
| USD | 405,035 | DKK | 2,779,761 | JPM | 10/16/24 | — | 10,366 | |||||||||||
| USD | 26,000 | DKK | 173,292 | MSC | 10/16/24 | 104 | — | |||||||||||
| USD | 877,444 | EUR | 803,633 | CIT | 10/16/24 | — | 17,629 | |||||||||||
| USD | 284,723 | EUR | 255,000 | HSB | 12/23/24 | — | 76 | |||||||||||
| USD | 1,172,900 | EUR | 1,048,501 | MSC | 10/16/24 | 5,097 | — | |||||||||||
| USD | 1,881,000 | EUR | 1,688,620 | MSC | 10/16/24 | 244 | — | |||||||||||
| USD | 114,772 | GBP | 88,375 | HSB | 10/16/24 | — | 3,381 | |||||||||||
| USD | 218,900 | GBP | 163,151 | HSB | 10/16/24 | 777 | — | |||||||||||
| USD | 468,724 | GBP | 356,217 | HSB | 10/16/24 | — | 7,517 | |||||||||||
| USD | 169,362 | GBP | 126,904 | HSB | 12/23/24 | — | 270 | |||||||||||
| USD | 106,777 | GBP | 80,000 | SSB | 12/23/24 | — | 159 | |||||||||||
| USD | 347,448 | HKD | 2,700,000 | SSB | 12/23/24 | — | 236 | |||||||||||
| USD | 190,495 | IDR | 2,940,668,877 | JPM | 01/23/25 | — | 2,782 | |||||||||||
| USD | 420,066 | ILS | 1,578,883 | CIT | 01/23/25 | — | 4,968 | |||||||||||
| USD | 143,456 | ILS | 538,981 | HSB | 01/23/25 | — | 1,637 | |||||||||||
| USD | 268,019 | ILS | 1,007,161 | JPM | 01/23/25 | — | 3,108 | |||||||||||
| USD | 166,000 | JPY | 25,754,883 | CIT | 10/16/24 | — | 13,538 | |||||||||||
| USD | 361,811 | JPY | 56,346,366 | CIT | 10/16/24 | — | 30,981 | |||||||||||
| USD | 526,500 | JPY | 75,972,918 | CIT | 10/16/24 | — | 3,109 | |||||||||||
| USD | 526,567 | JPY | 74,765,236 | CIT | 12/23/24 | 673 | — | |||||||||||
| USD | 480,480 | JPY | 74,822,515 | HSB | 10/16/24 | — | 41,109 | |||||||||||
| USD | 1,602,912 | JPY | 227,433,934 | HSB | 12/23/24 | 3,155 | — | |||||||||||
| USD | 406,006 | JPY | 60,404,120 | MSC | 10/16/24 | — | 15,073 | |||||||||||
| USD | 688,865 | JPY | 97,790,641 | SSB | 12/23/24 | 1,012 | — | |||||||||||
| USD | 325,000 | KRW | 426,487,750 | JPM | 01/23/25 | — | 3,155 | |||||||||||
| USD | 184,315 | MXN | 3,336,024 | CIT | 10/16/24 | 15,229 | — | |||||||||||
| USD | 26,000 | MXN | 512,500 | HSB | 10/16/24 | 24 | — | |||||||||||
| USD | 91,629 | MXN | 1,659,802 | HSB | 10/16/24 | 7,502 | — | |||||||||||
| USD | 544,652 | MXN | 9,866,644 | MSC | 10/16/24 | 44,563 | — | |||||||||||
| USD | 91,988 | NOK | 983,079 | HSB | 10/16/24 | — | 1,182 | |||||||||||
| USD | 1,391,907 | NOK | 14,880,178 | JPM | 10/16/24 | — | 18,349 | |||||||||||
| USD | 31,200 | NOK | 328,579 | MSC | 10/16/24 | 59 | — | |||||||||||
| USD | 466,258 | NOK | 4,983,946 | MSC | 10/16/24 | — | 6,091 | |||||||||||
| USD | 36,400 | NZD | 57,537 | CIT | 10/16/24 | — | 154 | |||||||||||
| USD | 993,175 | NZD | 1,625,664 | CIT | 10/16/24 | — | 39,630 | |||||||||||
| USD | 1,170,997 | NZD | 1,916,541 | HSB | 10/16/24 | — | 46,606 | |||||||||||
| USD | 571,485 | PEN | 2,149,984 | CIT | 01/23/25 | — | 7,861 | |||||||||||
Lazard Retirement Global Dynamic Multi-Asset Portfolio (concluded)
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| USD | 510,141 | PEN | 1,916,395 | HSB | 01/23/25 | $ | — | $ | 6,261 | |||||||||
| USD | 356,880 | PLN | 1,399,218 | HSB | 10/16/24 | — | 6,544 | |||||||||||
| USD | 763,568 | SEK | 7,998,658 | JPM | 10/16/24 | — | 24,550 | |||||||||||
| USD | 122,014 | SGD | 163,936 | CIT | 10/16/24 | — | 5,624 | |||||||||||
| USD | 269,057 | SGD | 361,486 | JPM | 10/16/24 | — | 12,393 | |||||||||||
| USD | 514,838 | SGD | 670,000 | JPM | 10/16/24 | — | 6,818 | |||||||||||
| USD | 664,349 | THB | 23,843,475 | HSB | 10/16/24 | — | 77,351 | |||||||||||
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | $ | 1,239,136 | $ | 631,343 | ||||||||||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement International Equity Portfolio | ||||||||
| Common Stocks | 96.8% | ||||||||
| Australia | 1.4% | ||||||||
| Rio Tinto PLC | 22,678 | $ | 1,607,209 | |||||
| Belgium | 1.2% | ||||||||
| KBC Group NV | 17,142 | 1,363,892 | ||||||
| Canada | 3.7% | ||||||||
| Gildan Activewear, Inc. | 46,290 | 2,178,876 | ||||||
| Suncor Energy, Inc. | 56,176 | 2,073,501 | ||||||
| 4,252,377 | ||||||||
| China | 3.6% | ||||||||
| ESR Group Ltd. | 377,200 | 603,872 | ||||||
| Li Ning Co. Ltd. | 391,500 | 971,047 | ||||||
| Sungrow Power Supply Co. Ltd., Class A | 63,720 | 903,286 | ||||||
| Tencent Holdings Ltd. | 28,300 | 1,584,599 | ||||||
| 4,062,804 | ||||||||
| Finland | 2.2% | ||||||||
| Fortum OYJ | 76,211 | 1,256,074 | ||||||
| Nordea Bank Abp | 104,030 | 1,225,907 | ||||||
| 2,481,981 | ||||||||
| France | 10.9% | ||||||||
| Air Liquide SA | 9,948 | 1,921,309 | ||||||
| Bureau Veritas SA | 61,222 | 2,031,871 | ||||||
| Capgemini SE | 9,926 | 2,150,143 | ||||||
| Engie SA | 102,266 | 1,766,623 | ||||||
| Orange SA | 153,065 | 1,752,619 | ||||||
| Pernod Ricard SA | 7,797 | 1,178,515 | ||||||
| Thales SA | 10,350 | 1,644,032 | ||||||
| 12,445,112 | ||||||||
| Germany | 9.6% | ||||||||
| Brenntag SE | 15,365 | 1,145,524 | ||||||
| Continental AG | 22,093 | 1,429,281 | ||||||
| Merck KGaA | 10,669 | 1,878,517 | ||||||
| MTU Aero Engines AG | 4,556 | 1,420,027 | ||||||
| Puma SE | 20,214 | 843,666 | ||||||
| Rheinmetall AG | 1,775 | 959,525 | ||||||
| SAP SE | 3,829 | 869,800 | ||||||
| Siemens AG | 4,178 | 843,750 | ||||||
| Siemens Healthineers AG | 25,329 | 1,518,792 | ||||||
| 10,908,882 | ||||||||
| Greece | 1.2% | ||||||||
| National Bank of Greece SA | 155,762 | 1,338,469 | ||||||
| Hong Kong | 3.2% | ||||||||
| AIA Group Ltd. | 202,000 | 1,786,246 |
| Description | Shares | Fair Value | ||||||
| Techtronic Industries Co. Ltd. | 125,000 | $ | 1,894,828 | |||||
| 3,681,074 | ||||||||
| Israel | 0.9% | ||||||||
| Wix.com Ltd. (*) | 5,987 | 1,000,847 | ||||||
| Italy | 3.1% | ||||||||
| Ryanair Holdings PLC ADR | 37,448 | 1,691,878 | ||||||
| UniCredit SpA | 41,794 | 1,836,623 | ||||||
| 3,528,501 | ||||||||
| Japan | 21.6% | ||||||||
| Asics Corp. | 72,700 | 1,523,166 | ||||||
| Bandai Namco Holdings, Inc. | 40,500 | 925,881 | ||||||
| FANUC Corp. | 51,500 | 1,505,173 | ||||||
| Hitachi Ltd. | 43,100 | 1,138,646 | ||||||
| Kokusai Electric Corp. | 30,400 | 679,493 | ||||||
| MatsukiyoCocokara & Co. | 105,200 | 1,729,167 | ||||||
| Mitsubishi Electric Corp. | 86,400 | 1,392,406 | ||||||
| Mitsui Fudosan Co. Ltd. | 112,100 | 1,050,078 | ||||||
| Mizuho Financial Group, Inc. | 76,200 | 1,566,293 | ||||||
| NEC Corp. | 20,100 | 1,935,840 | ||||||
| Nippon Sanso Holdings Corp. | 45,400 | 1,656,761 | ||||||
| Nitori Holdings Co. Ltd. | 13,600 | 2,062,533 | ||||||
| Otsuka Holdings Co. Ltd. | 25,500 | 1,438,087 | ||||||
| Renesas Electronics Corp. | 49,924 | 728,500 | ||||||
| Shimadzu Corp. | 41,300 | 1,377,577 | ||||||
| Suzuki Motor Corp. | 134,700 | 1,503,591 | ||||||
| Tokyo Electron Ltd. | 8,000 | 1,420,573 | ||||||
| Toyo Suisan Kaisha Ltd. | 13,700 | 893,644 | ||||||
| 24,527,409 | ||||||||
| Mexico | 0.9% | ||||||||
| Arca Continental SAB de CV | 106,700 | 997,637 | ||||||
| Netherlands | 1.4% | ||||||||
| ING Groep NV | 89,515 | 1,628,126 | ||||||
| Singapore | 1.3% | ||||||||
| DBS Group Holdings Ltd. | 48,596 | 1,443,279 | ||||||
| South Korea | 1.0% | ||||||||
| Samsung Electronics Co. Ltd. | 22,806 | 1,080,898 | ||||||
| Spain | 1.1% | ||||||||
| Industria de Diseno Textil SA | 21,536 | 1,274,648 | ||||||
| Sweden | 1.0% | ||||||||
| Sandvik AB | 50,488 | 1,128,163 | ||||||
| Switzerland | 2.9% | ||||||||
| ABB Ltd. | 35,677 | 2,068,071 | ||||||
| Cie Financiere Richemont SA, Class A | 8,033 | 1,273,570 | ||||||
| 3,341,641 |
| Description | Shares | Fair Value | ||||||
| Lazard Retirement International Equity Portfolio (concluded) | ||||||||
| Taiwan | 1.1% | ||||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 7,386 | $ | 1,282,727 | |||||
| United Kingdom | 14.2% | ||||||||
| 3i Group PLC | 44,342 | 1,963,102 | ||||||
| AstraZeneca PLC | 8,151 | 1,269,639 | ||||||
| Coca-Cola Europacific Partners PLC | 13,981 | 1,099,855 | ||||||
| Compass Group PLC | 57,778 | 1,851,224 | ||||||
| JD Sports Fashion PLC | 473,615 | 979,005 | ||||||
| London Stock Exchange Group PLC | 10,962 | 1,498,845 | ||||||
| RELX PLC | 84,201 | 3,978,138 | ||||||
| Rentokil Initial PLC | 44,983 | 220,727 | ||||||
| Unilever PLC | 51,699 | 3,348,130 | ||||||
| 16,208,665 | ||||||||
| United States | 9.3% | ||||||||
| Aon PLC, Class A | 4,706 | 1,628,229 | ||||||
| BP PLC | 211,504 | 1,115,636 | ||||||
| Chubb Ltd. | 3,617 | 1,043,107 | ||||||
| CRH PLC | 14,452 | 1,340,278 | ||||||
| Experian PLC | 27,080 | 1,426,629 | ||||||
| ICON PLC (*) | 5,825 | 1,673,581 | ||||||
| Roche Holding AG | 7,213 | 2,308,987 | ||||||
| 10,536,447 | ||||||||
| Total Common Stocks (Cost $88,598,810) | 110,120,788 | |||||||
| Preferred Stocks | 2.5% | ||||||||
| Brazil | 1.5% | ||||||||
| Itau Unibanco Holding SA | 263,600 | 1,747,269 | ||||||
| Germany | 1.0% | ||||||||
| Henkel AG & Co. KGaA | 11,660 | 1,095,603 | ||||||
| Total Preferred Stocks (Cost $2,315,240) | 2,842,872 | |||||||
| Short-Term Investments | 1.0% | ||||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.97% (7 day yield) (Cost $1,184,021) | 1,184,021 | 1,184,021 | ||||||
| Total Investments | 100.3% (Cost $92,098,071) | $ | 114,147,681 | ||||||
| Liabilities in Excess of Cash and Other Assets | (0.3)% | (289,864) | |||||||
| Net Assets | 100.0% | $ | 113,857,817 | ||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement US Small Cap Equity Select Portfolio | ||||||||
| Common Stocks | 97.5% | ||||||||
| Automobile Components | 1.3% | ||||||||
| Gentherm, Inc. (*) | 11,576 | $ | 538,863 | |||||
| Automobiles | 1.4% | ||||||||
| Thor Industries, Inc. | 5,591 | 614,395 | ||||||
| Banks | 6.4% | ||||||||
| BankUnited, Inc. | 23,085 | 841,217 | ||||||
| Commerce Bancshares, Inc. | 8,843 | 525,274 | ||||||
| Home BancShares, Inc. | 24,776 | 671,182 | ||||||
| Wintrust Financial Corp. | 6,368 | 691,119 | ||||||
| 2,728,792 | ||||||||
| Biotechnology | 4.4% | ||||||||
| Arcutis Biotherapeutics, Inc. (*) | 57,878 | 538,265 | ||||||
| Avid Bioservices, Inc. (*) | 48,442 | 551,270 | ||||||
| Halozyme Therapeutics, Inc. (*) | 6,573 | 376,239 | ||||||
| United Therapeutics Corp. (*) | 1,166 | 417,836 | ||||||
| 1,883,610 | ||||||||
| Building Products | 0.9% | ||||||||
| Hayward Holdings, Inc. (*) | 26,116 | 400,619 | ||||||
| Capital Markets | 6.5% | ||||||||
| DigitalBridge Group, Inc. | 48,399 | 683,878 | ||||||
| Evercore, Inc., Class A | 1,925 | 487,679 | ||||||
| StepStone Group, Inc., Class A | 15,649 | 889,333 | ||||||
| Stifel Financial Corp. | 7,849 | 737,021 | ||||||
| 2,797,911 | ||||||||
| Chemicals | 1.1% | ||||||||
| Ingevity Corp. (*) | 11,695 | 456,105 | ||||||
| Commercial Services & Supplies | 1.2% | ||||||||
| Casella Waste Systems, Inc., Class A (*) | 5,161 | 513,468 | ||||||
| Construction Materials | 1.3% | ||||||||
| Eagle Materials, Inc. | 1,957 | 562,931 | ||||||
| Consumer Staples Distribution & Retail | 3.4% | ||||||||
| BJ’s Wholesale Club Holdings, Inc. (*) | 7,130 | 588,083 | ||||||
| Chefs’ Warehouse Inc. (*) | 20,827 | 874,942 | ||||||
| 1,463,025 | ||||||||
| Containers & Packaging | 1.1% | ||||||||
| Graphic Packaging Holding Co. | 15,615 | 462,048 | ||||||
| Electrical Equipment | 2.2% | ||||||||
| EnerSys | 5,100 | 520,455 | ||||||
| Generac Holdings, Inc. (*) | 2,606 | 414,041 | ||||||
| 934,496 | ||||||||
| Description | Shares | Fair Value | ||||||
| Electronic Equipment, Instruments & Components | 3.9% | ||||||||
| Cognex Corp. | 14,127 | $ | 572,144 | |||||
| Coherent Corp. (*) | 6,877 | 611,434 | ||||||
| Mirion Technologies, Inc. (*) | 43,848 | 485,397 | ||||||
| 1,668,975 | ||||||||
| Energy Equipment & Services | 2.9% | ||||||||
| Atlas Energy Solutions, Inc. | 21,423 | 467,021 | ||||||
| Cactus, Inc., Class A | 7,604 | 453,731 | ||||||
| Liberty Energy, Inc. | 17,186 | 328,081 | ||||||
| 1,248,833 | ||||||||
| Entertainment | 1.5% | ||||||||
| Roku, Inc. (*) | 8,628 | 644,166 | ||||||
| Ground Transportation | 0.9% | ||||||||
| Landstar System, Inc. | 2,018 | 381,140 | ||||||
| Health Care Equipment & Supplies | 5.7% | ||||||||
| Enovis Corp. (*) | 15,136 | 651,605 | ||||||
| Inspire Medical Systems, Inc. (*) | 2,767 | 583,975 | ||||||
| Lantheus Holdings, Inc. (*) | 7,119 | 781,310 | ||||||
| RxSight, Inc. (*) | 8,471 | 418,722 | ||||||
| 2,435,612 | ||||||||
| Health Care Providers & Services | 1.0% | ||||||||
| Hims & Hers Health, Inc. (*) | 23,993 | 441,951 | ||||||
| Health Care Technology | 2.4% | ||||||||
| Evolent Health, Inc., Class A (*) | 20,574 | 581,833 | ||||||
| Schrodinger, Inc. (*) | 23,686 | 439,375 | ||||||
| 1,021,208 | ||||||||
| Hotels, Restaurants & Leisure | 3.1% | ||||||||
| Dave & Buster’s Entertainment, Inc. (*) | 11,819 | 402,437 | ||||||
| Kura Sushi USA, Inc., Class A (*) | 5,375 | 433,010 | ||||||
| Wyndham Hotels & Resorts, Inc. | 6,281 | 490,797 | ||||||
| 1,326,244 | ||||||||
| Insurance | 5.4% | ||||||||
| Abacus Life, Inc. (*) | 39,607 | 400,823 | ||||||
| First American Financial Corp. | 12,623 | 833,244 | ||||||
| Hanover Insurance Group, Inc. | 2,885 | 427,297 | ||||||
| Reinsurance Group of America, Inc. | 3,073 | 669,515 | ||||||
| 2,330,879 | ||||||||
| Interactive Media & Services | 4.2% | ||||||||
| Cars.com, Inc. (*) | 36,497 | 611,690 | ||||||
| MediaAlpha, Inc., Class A (*) | 41,684 | 754,897 | ||||||
| Ziff Davis, Inc. (*) | 8,645 | 420,666 | ||||||
| 1,787,253 | ||||||||
| Description | Shares | Fair Value | ||||||
| Lazard Retirement US Small Cap Equity Select Portfolio (concluded) | ||||||||
| IT Services | 2.1% | ||||||||
| DigitalOcean Holdings, Inc. (*) | 21,917 | $ | 885,228 | |||||
| Life Sciences Tools & Services | 1.3% | ||||||||
| Maravai LifeSciences Holdings, Inc., Class A (*) | 67,264 | 558,964 | ||||||
| Machinery | 6.7% | ||||||||
| Columbus McKinnon Corp. | 16,887 | 607,932 | ||||||
| Gates Industrial Corp. PLC (*) | 31,779 | 557,721 | ||||||
| Middleby Corp. (*) | 5,327 | 741,146 | ||||||
| Nordson Corp. | 2,059 | 540,755 | ||||||
| REV Group, Inc. | 15,148 | 425,053 | ||||||
| 2,872,607 | ||||||||
| Oil, Gas & Consumable Fuels | 2.5% | ||||||||
| Antero Resources Corp. (*) | 22,365 | 640,757 | ||||||
| Magnolia Oil & Gas Corp., Class A | 17,365 | 424,053 | ||||||
| 1,064,810 | ||||||||
| Pharmaceuticals | 2.2% | ||||||||
| Axsome Therapeutics, Inc. (*) | 6,591 | 592,333 | ||||||
| Guardian Pharmacy Services, Inc., Class A | 22,056 | 370,541 | ||||||
| 962,874 | ||||||||
| Professional Services | 1.3% | ||||||||
| Verra Mobility Corp. (*) | 19,734 | 548,802 | ||||||
| Retail REITs | 1.4% | ||||||||
| Brixmor Property Group, Inc. | 22,388 | 623,730 | ||||||
| Semiconductors & Semiconductor Equipment | 5.5% | ||||||||
| Allegro MicroSystems, Inc. (*) | 25,107 | 584,993 | ||||||
| Credo Technology Group Holding Ltd. (*) | 15,425 | 475,090 | ||||||
| MKS Instruments, Inc. | 5,309 | 577,141 | ||||||
| Onto Innovation, Inc. (*) | 3,383 | 702,176 | ||||||
| 2,339,400 | ||||||||
| Software | 3.3% | ||||||||
| CyberArk Software Ltd. (*) | 1,278 | 372,678 | ||||||
| Dynatrace, Inc. (*) | 8,377 | 447,918 | ||||||
| Zeta Global Holdings Corp., Class A (*) | 19,541 | 582,908 | ||||||
| 1,403,504 | ||||||||
| Specialized REITs | 1.3% | ||||||||
| CubeSmart | 10,394 | 559,509 | ||||||
| Specialty Retail | 3.7% | ||||||||
| Chewy, Inc., Class A (*) | 17,098 | 500,800 | ||||||
| RH (*) | 1,604 | 536,426 | ||||||
| Warby Parker, Inc., Class A (*) | 34,682 | 566,357 | ||||||
| 1,603,583 | ||||||||
| Description | Shares | Fair Value | ||||||
| Textiles, Apparel & Luxury Goods | 1.8% | ||||||||
| Crocs, Inc. (*) | 5,443 | $ | 788,201 | |||||
| Trading Companies & Distributors | 2.2% | ||||||||
| Beacon Roofing Supply, Inc. (*) | 6,128 | 529,643 | ||||||
| Hudson Technologies, Inc. (*) | 51,073 | 425,949 | ||||||
| 955,592 | ||||||||
| Total Common Stocks (Cost $36,448,002) | 41,809,328 | |||||||
| Short-Term Investments | 1.7% | ||||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.97% (7 day yield) (Cost $736,540) | 736,540 | 736,540 | ||||||
| Total Investments | 99.2% (Cost $37,184,542) | $ | 42,545,868 | ||||||
| Cash and Other Assets in Excess of Liabilities | 0.8% | 338,647 | |||||||
| Net Assets | 100.0% | $ | 42,884,515 |
Lazard Retirement Series,
Inc. Notes to Portfolios of Investments
September 30, 2024 (unaudited)
| (*) | Non-income producing security. |
| (¢) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (‡) | Security valued using Level 2 inputs, based on reference to a similar security which was trading on an active market, under US Generally Accepted Accounting Principles in the United States of America hierarchy. |
| (§) | Variable and floating rate securities are securities for which interest rate changes are based on changes in a designated base rate. The rates shown are those in effect on September 30, 2024. |
| (#) | Pursuant to Rule 144A under the Securities Act of 1933, these securities may only be traded among “qualified institutional buyers.” At September 30, 2024, these securities amounted to 0.6% of net assets of Lazard Retirement Global Dynamic Multi-Assets Portfolio. |
| (††) | A note or bond that offers protection from inflation by paying a fixed rate of interest on the principal amount that is adjusted for inflation, in the applicable region, based on the Consumer Price Index or other equivalent regional benchmarks for measuring inflation. |
| (») | The portfolio, at all times, maintains portfolio securities in sufficient amount to cover its obligations related to investments in forward currency contracts. |
| Security Abbreviations: | |
| ADR | - American Depositary Receipt |
| CDOR | - Canadian Dollar Offered Rate |
| EURIBOR | - Euro Interbank Offered Rate |
| GDR | - Global Depositary Receipt |
| ICE | - Intercontinental Exchange |
| NIBOR | - Nigerian Interbank Offered Rate |
| PJSC | - Public Joint Stock Company |
| PRIBOR | - Prague Interbank Offered Rate |
| REIT | - Real Estate Investment Trust |
| SOFR | - Secured Overnight Financing Rate |
| WIBOR | - Warsaw Interbank Offered Rate |
| Currency Abbreviations: | ||||
| AUD | - Australian Dollar | ILS | - Israeli Shekel | |
| BRL | - Brazilian real | INR | - Indian Rupee | |
| CAD | - Canadian Dollar | JPY | - Japanese Yen | |
| CHF | - Swiss Franc | KRW | - South Korean Won | |
| CLP | - Chilean Peso | MXN | - Mexican New Peso | |
| CNH | - Chinese Yuan Renminbi | NOK | - Norwegian Krone | |
| COP | - Colombian Peso | NZD | - New Zealand Dollar | |
| CZK | - Czech Koruna | PEN | - Peruvian Nuevo Sol | |
| DKK | - Danish Krone | PLN | - Polish Zloty | |
| EUR | - Euro | RON | - New Romanian Leu | |
| GBP | - British Pound Sterling | SEK | - Swedish Krone | |
| HKD | - Hong Kong dollar | SGD | - Singapore Dollar | |
| HUF | - Hungarian Forint | THB | - Thai Baht | |
| IDR | - Indonesian Rupiah | USD | - United States Dollar | |
| Counterparty Abbreviations: | ||
| CIT | - Citibank N.A. | |
| HSB | - HSBC Bank USA N.A. | |
| JPM | - JPMorgan Chase Bank N.A. | |
| MSC | - Morgan Stanley & Co. | |
| SSB | - State Street Bank & Trust Co. | |
Portfolio holdings by industry (as a percentage of net assets), for those Portfolios previously presented by country:
| Industry† | Lazard Retirement Emerging Markets Equity Portfolio |
Lazard Retirement Global Dynamic Multi-Asset Portfolio |
Lazard Retirement International Equity Portfolio | ||||||
| Common & Preferred Stocks and Corporate & Quasi Government Bonds | |||||||||
| Aerospace & Defense | — | % | 0.8 | % | 3.5 | % | |||
| Automobile Components | 1.7 | 0.2 | 1.3 | ||||||
| Automobiles | 0.6 | 1.1 | 1.3 | ||||||
| Banks | 22.6 | 7.0 | 10.7 | ||||||
| Beverages | — | 1.4 | 2.9 | ||||||
| Biotechnology | — | 1.4 | — | ||||||
| Broadline Retail | 3.8 | 1.4 | — | ||||||
| Building Products | — | 0.7 | — | ||||||
| Capital Markets | — | 3.2 | 3.0 | ||||||
| Chemicals | 1.7 | 0.3 | 3.1 | ||||||
| Commercial Services & Supplies | — | 2.1 | 0.2 | ||||||
| Communications Equipment | — | 0.3 | — | ||||||
| Construction Materials | 2.4 | — | 1.2 | ||||||
| Consumer Staples Distribution & Retail | 1.4 | 2.0 | 1.5 | ||||||
| Containers & Packaging | — | 0.1 | — | ||||||
| Diversified REITs | — | 0.5 | — | ||||||
| Diversified Telecommunication Services | 4.5 | 2.2 | 1.6 | ||||||
| Electric Utilities | — | 0.8 | 1.1 | ||||||
| Electrical Equipment | — | 1.2 | 3.8 | ||||||
| Electronic Equipment, Instruments & Components | 1.3 | 0.3 | 1.2 | ||||||
| Energy Equipment & Services | — | 0.1 | — | ||||||
| Entertainment | 1.9 | 1.0 | — | ||||||
| Financial Services | — | 2.0 | — | ||||||
| Food Products | 2.5 | 0.9 | 0.8 | ||||||
| Gas Utilities | 1.0 | 0.4 | — | ||||||
| Ground Transportation | — | 0.3 | — | ||||||
| Health Care Equipment & Supplies | — | 0.5 | 1.3 | ||||||
| Health Care Providers & Services | 2.8 | 2.3 | — | ||||||
| Hotels, Restaurants & Leisure | 0.7 | 0.4 | 1.6 | ||||||
| Household Durables | 3.7 | 0.3 | — | ||||||
| Household Products | 0.7 | 2.6 | 1.0 | ||||||
| Independent Power & Renewable Electricity Producers | 0.6 | — | — | ||||||
| Industrial Conglomerates | 3.3 | 0.5 | 1.7 | ||||||
| Insurance | 5.0 | 2.5 | 3.9 | ||||||
| Interactive Media & Services | 1.3 | 2.9 | 1.4 | ||||||
| IT Services | 1.4 | 1.0 | 4.5 | ||||||
| Leisure Products | — | 0.2 | 0.8 | ||||||
| Life Sciences Tools & Services | — | 0.6 | 1.5 | ||||||
| Machinery | 1.6 | 1.5 | 4.0 | ||||||
| Marine Transportation | — | 0.1 | — | ||||||
| Media | — | 0.6 | — | ||||||
| Metals & Mining | 2.6 | 0.5 | 1.4 | ||||||
| Multi-Utilities | — | 0.5 | 1.6 | ||||||
| Oil, Gas & Consumable Fuels | 5.6 | 1.5 | 2.8 | ||||||
| Passenger Airlines | — | 0.1 | 1.5 | ||||||
| Personal Care Products | 2.6 | 0.5 | 2.9 | ||||||
| Pharmaceuticals | 1.0 | 4.6 | 6.1 | ||||||
| Professional Services | — | 1.1 | 6.5 | ||||||
| Real Estate Management & Development | — | 0.4 | 1.5 | ||||||
| Industry† | Lazard Retirement Emerging Markets Equity Portfolio |
Lazard Retirement Global Dynamic Multi-Asset Portfolio |
Lazard Retirement International Equity Portfolio | ||||||
| Retail REITs | — | % | 0.3 | % | — | % | |||
| Semiconductors & Semiconductor Equipment | 11.7 | 4.9 | 3.6 | ||||||
| Software | — | 4.9 | 0.8 | ||||||
| Specialized REITs | — | 0.6 | — | ||||||
| Specialty Retail | 1.1 | 1.9 | 3.8 | ||||||
| Technology Hardware, Storage & Peripherals | 2.5 | 3.0 | 0.9 | ||||||
| Textiles, Apparel & Luxury Goods | — | 0.3 | 6.0 | ||||||
| Tobacco | 0.7 | 0.8 | — | ||||||
| Trading Companies & Distributors | — | — | 1.0 | ||||||
| Transportation Infrastructure | 1.7 | — | — | ||||||
| Wireless Telecommunication Services | 2.2 | 0.4 | — | ||||||
| Subtotal | 98.2 | 74.0 | 99.3 | ||||||
| Exchange-Traded Funds | — | 1.3 | — | ||||||
| Foreign Government Obligations | — | 16.9 | — | ||||||
| Supranationals | — | 4.0 | — | ||||||
| U.S. Municipal Bonds | — | 0.8 | — | ||||||
| U.S. Treasury Securities | — | 2.0 | — | ||||||
| Warrants | — | 0.0 | — | ||||||
| Short-Term Investments | 1.9 | 0.1 | 1.0 | ||||||
| Total Investments | 100.1 | % | 99.1 | % | 100.3 | % | |||
| † | Industry classifications may be different than those used for compliance monitoring purposes. |
Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to notes to the financial statements.
Item 2. Controls and Procedures.
(a) The Registrant’s principal executive and principal financial officers have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Lazard Retirement Series, Inc.
| By: | /s/ Nathan A. Paul |
| Nathan A. Paul | |
| Chief Executive Officer | |
| Date: | November 22, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| By: | /s/ Nathan A. Paul |
| Nathan A. Paul | |
| Chief Executive Officer | |
| Date: | November 22, 2024 |
| By: | /s/ Christina Kennedy |
| Christina Kennedy | |
| Chief Financial Officer | |
| Date: | November 22, 2024 |