The **Lazard Emerging Markets Managed Vol Fund** invests in a diverse range of stocks and related securities from companies located in emerging market countries. This includes common and preferred shares, real estate investment trusts (REITs), warrants, and rights. By actively selecting these investments based on their individual risk profiles and how they contribute to overall portfolio stability, the fund aims to achieve long-term growth while keeping price fluctuations lower than the typical emerging markets. The focus is on building a balanced portfolio that can navigate different economic conditions with reduced volatility.