Lazard Global Bond Fund EA Acc USD

Lazard Global Bond Fund (the "Fund") aims to deliver risk-adjusted returns from exposure to the global bond market.The Fund is actively managed and may invest in investment grade, non-investment grade and unrated bonds and other debt securities issued by corporates, sovereigns, governments, quasi-governmental bodies, regional (sub-sovereign) entities, supranational 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 Fund’s 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 Manager’s active assessment of macroeconomic factors, such as global interest rates, currency exposure, sector spreads and currencies.Aggregate investment by the Fund in open ended collective schemes shall not exceed 10% of the Fund’s Net Asset Value at any time.The Fund may invest more than 20% of its assets in emerging markets.Up to 10% of the Fund’s 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 Fund’s portfolio will be substantially hedged back into US Dollars, being the base currency of the Fund.As a result of its use of derivatives, the Fund may be 'geared' or 'leveraged' (which can lead to a proportionately much larger movement in the value of the Fund's assets). The expected level of the Fund's leverage (as measured by the gross notional value of all derivatives positions) will be 100% of the value of the Fund.You can buy and sell shares in the Fund on any day on which the stock exchanges in London and New York are open for business.The Fund has discretion as to which investments it will hold within the limits of the Investment Objective and Policy.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.The Fund's performance is measured against the performance of Bloomberg Global Aggregate Total Return Index Value Hedged USD (the "Benchmark"), which the Investment Manager has assessed to be the most appropriate Benchmark for measuring performance. The Fund is not constrained by the Benchmark, as it has flexibility to invest in securities and asset classes not included in the Benchmark.