Lazard US Realty Income Portfolio

Class Inst (LRIIX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.0 0.0
Stocks 61.11 61.11
Bonds 0.0 0.0
Other 0.06 0.06
Foreign Bonds 0.0 0.0
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 38.83 38.83

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Digital Realty Trust, Inc. DLR 10.65 6.04
Campus Crest Communities, Inc. CCG -12.54 6.02
BioMed Realty Trust Inc BMR 12.8 5.56
Stag Industrial, Inc. STAG 16.72 4.99
Mack-Cali Realty Corp CLI 4.33 4.95
General Growth Pptys Inc New Pfd --- --- 4.94
Sun Communities SUI 6.87 4.92
Realty Income Corporation O 18.98 4.79
HCP Inc HCP 8.03 4.29
Colony Financial Inc CLNY 11.19 3.59