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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>OGE Energy Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PPL Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Snam SpA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Portland General Electric Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Spire Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LAZARD GOVT MNY MMKT INS</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ferrovial SE</name>
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        <name>Aena SME SA</name>
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        <name>Terna - Rete Elettrica Nazionale</name>
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        <name>Vinci SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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          <isin value="ES0105066007"/>
        </identifiers>
        <balance>16706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85146200"/>
        <valUSD>538186.77000000</valUSD>
        <pctVal>2.888021592741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Lazard Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Christina Kennedy</ncom:signature>
      <ncom:signerName>Christina Kennedy</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
