| THE LAZARD FUNDS, INC. (“LFI”) | LAZARD RETIREMENT SERIES, INC. (“LRS”) |
| Lazard Retirement Global Small Cap Equity Portfolio | |
Supplement to Current Statements of Additional Information
The following information supplements the information under the tables in "Management—Accounts Managed by the Portfolio Managers" in the LFI and LRS Statements of Additional Information:
| Portfolio Manager | Registered Investment Companies ($) |
Other Pooled Investment Vehicles ($) |
Other Accounts ($) | |||
| Jason Katz† | N/A | N/A | N/A | |||
| Portfolio Manager | Type of Account | Number of Accounts Subject to Performance Fees ($) | ||||
| Jason Katz† | N/A | N/A | ||||
| † | As of June 30, 2026. | |||||
The following information supplements the information under the table in "Management—Portfolio Managers—Portfolio Manager Ownership of Portfolio and Other Accounts Shares" in the LFI Statement of Additional Information:
As of June 30, 2026, Jason Katz owned beneficially interests in the Lazard US Small Cap Equity Select Portfolio as noted below:
| Market Value of Portfolio Shares | Market Value of Other Accounts Shares | Aggregate Market Value in Strategy |
| $10,001-$50,000 | None | $10,001-$50,000 |
As of June 30, 2026, Jason Katz did not own beneficially interests in the Lazard Global Small Cap Equity Portfolio or other accounts.