Lazard Convertible Europe PC H-EUR/  FR0010642611  /

The investment objective is to achieve, over the recommended investment horizon of 5 years, a return (net of charges) above the following simple benchmark: Refinitiv European Focus Convertible EUR Index. The benchmark is expressed in EUR. Nets dividends or coupons are reinvested. The Fund is invested as follows: - up to a maximum of 110% of its net assets in: convertible bonds and similar instruments issued in Europe by companies and financial institutions. These securities will be expressed in all currencies. Convertible bonds issued in Europe by companies and financial institutions. These securities will be expressed in all currencies. Bonds with warrants issued in Europe by companies and financial institutions. These securities will be expressed in all currencies. Perpetual subordinated notes (TSDI) issued in and outside Europe by companies and financial institutions. These securities will be expressed in all currencies. The Fund may invest in bonds rated investment grade by the rating agencies or equivalent based on the management company"s analysis, as well as in the speculative/high yield category (rated as such by the rating agencies) or equivalent based on the management company"s analysis, or in bonds not rated by a rating agency. The fund manager will not invest in contingent convertible bonds (CoCo bonds). - up to a maximum of 10% of its net assets in: UCITS or AIF that meet the four criteria of Article R. 214-13 of the French Monetary and Financial Code (Code Monétaire et Financier): French money market, short-term money market, bond or mixed funds; shares in live securities resulting from the conversion of one of the types of instrument listed above. Investment is solely in UCIs that in turn invest less than 10% of their assets in other UCIs. All of these UCIs may be managed by the management company. The Fund may, up to the amount of the net assets, use futures, swaps, options, credit derivatives and forward exchange contracts on regulated, organised and/or OTC markets to hedge the portfolio and/or expose it to equity, interest rate, exchange rate, credit and volatility risk. The Fund may also invest in securities incorporating derivatives.

The investment objective is to achieve, over the recommended investment horizon of 5 years, a return (net of charges) above the following simple benchmark: Refinitiv European Focus Convertible EUR Index. The benchmark is expressed in EUR. Nets dividends or coupons are reinvested.