Lazard Global Fixed Income Portfolio

Fund Holdings

Asset Allocation

% Long % Net
Cash 4.38 4.38
Stocks 0.0 0.0
Bonds 17.45 17.45
Other 0.0 0.0
Foreign Bonds 78.17 78.17
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
Ireland(Rep Of) 4.4% 3.41
France(Govt Of) 4.25% 3.31
Belgium(Kingdom) 4.25% 3.28
China Government Bond Sr Unsecured Regs 06/17 2.56 2.96
ASIAN DEV BANK 2.9
Poland Government Bond Bonds 04/18 3.75 2.41
Israel Fixed Bond Bonds 01/22 5.5 2.37
Netherlands (Kingdom of) 2.5% 2.2
Western Aust Treas Corp Local Govt G 06/16 3. 2.18
Peru(Rep Of) 7.84% 2.1