Lazard US Realty Equity Portfolio

Class Inst (LREIX)

Fund Fees

Updated 11.29.2013

Maximum Sales Fees %
Initial
Deferred

Updated 11.29.2013

Maximum Fees %
Administrative 0.02
Management 0.8
Redemption 1.0

Updated 11.29.2013

Actual Fees %
12b-1
Management 0.8
Net Expense Ratio: Annual Report 1.2
Net Expense Ratio: Prospectus 1.05

Updated 03.05.2014

Total Cost Projections
3-Year $334.00
5-Year $579.00
10-Year $1,390.00

Purchase Information

Updated 11.29.2013

Minimum Investments
Initial $100,000.00
Additional $50.00
Initial IRA $100,000.00
Additional IRA $50.00
Initial AIP
Additional AIP