[[AS_OF_DATE]] | All values in [[CURRENCY]] unless otherwise specified | Performance Inception: [[INCEPTION_DATE]]
This information is provided for information purposes only. Nothing herein constitutes investment advice or a recommendation relating to any security, commodity, derivative, investment management service or investment product. Investments in securities, derivatives and commodities involve risk, will fluctuate in price, and may result in losses. Certain assets held in Lazard’s investment portfolios, in particular alternative investment portfolios, can involve high degrees of risk and volatility when compared to other assets. Similarly, certain assets held in Lazard’s investment portfolios may trade in less liquid or efficient markets, which can affect investment performance. Past performance is not a reliable indicator of future results. The value of investments and the income from them can fall as well as rise and you may not get back the amount you invested.
This information is intended only for persons residing in jurisdictions where its distribution or availability is consistent with local laws and Lazard’s local regulatory authorizations. The Lazard entities that have issued this information are listed below, along with important limitations on their authorized activities.
This information is provided by the Spanish Branch of Lazard Fund Managers Ireland Limited, at Paseo de la Castellana 140, Piso 100, Letra E, 28046 Madrid and registered with the National Securities Market Commission (Comisión Nacional del Mercado de Valores or CNMV) under registration number 18.
Please note that not all share classes are registered for distribution in every jurisdiction. Investment into the Fund will not be accepted before the appropriate registration is completed in the relevant jurisdiction.
There can be no assurance that a Fund's objectives or performance target will be achieved. Any investment is subject to fees, taxation and charges within the Fund and the investor will receive less than the gross yield. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming shares.
Investors should read and note the risk warnings in the Fund Prospectus and relevant PRIIPS KID. Copies of the full Prospectus, the relevant Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs Regulation) and the most recent Report and Accounts are available on this website or on request.
Lazard Sustainable Credit 2025 is a French mutual fund (Fonds commun de placement), authorised and regulated as UCITS by the Autorité des marchés financiers and managed by Lazard Frères Gestion SAS.
Yields from bonds reflect in part the risk rating of the bond issuer. Investment in lower rated bonds increases the risk of default on repayment and the risk to capital of the portfolio. High yielding assets may carry a greater risk of capital values falling or have limited prospects of capital growth or recovery. Investment in high yield securities involves a high degree of risk to both capital and income.
The portfolio invests in financial derivative instruments ("FDIs"). While the use of FDIs can be beneficial, they also involve risks different from, and in certain cases, greater than, the risks presented by more traditional investments. FDIs may be subject to sudden, unexpected and substantial price movements that are not always predictable. This can increase the volatility of the portfolio’s Net Asset Value. FDIs do not always totally track the value of the securities, rates or indices they are designed to track. The use of FDIs to gain greater exposure to securities, rates or indices than by a direct investment, increases the possibility for profit but also increases the risk of loss. The Fund is also subject to the risk of the insolvency or default of its counterparties to FDI investments. In such events the Fund may have limited recourse against the counterparty and may experiences losses.
In view of the concentrated nature of the portfolio, the level of risk is expected to be higher than for broader based portfolios and the value may be more volatile.
COMPLAINTS HANDLING PROCEDURE
To ensure that claims are processed efficiently, they must be addressed in writing to the Secrétariat Général at Lazard Frères Gestion, 25 rue de Courcelles, 75008 Paris.
Upon reception of a claim, Lazard Frères Gestion undertakes to acknowledge receipt of the claim within 10 working days of receipt of the claim and will reply to the claim within two months of receipt of the claim, unless particular circumstances arise and are duly justified. If the client deems that the claim is unsatisfactorily processed by Lazard Frères Gestion, then the client can request mediation with the Autorité de Marché Financier Ombudsman at the following address: Autorité des Marchés Financiers, Service Médiation – 17 Place de la Bourse, 75082 PARIS-CEDEX 02, or simply fill in an electronic form on the AMF’s internet site on https://www.amf-france.org/fr (AMF Mediator section). This site also contains a mediation charter drafted by the AMF’s Ombudsman.