Lazard Euro Short Term Money Market

This is a financial promotion and is not intended to constitute investment advice.

Lazard Euro Short Term Money Market 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.

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 in English, and other languages where appropriate, on request from the address below or at www.lazardfreresgestion.fr. Investors and potential investors should read and note the risk warnings in the Prospectus and relevant (KID). Investment decisions should be based on review of all fund documentations, final investment decisions should not be made based on this communication alone. Additional information about the sustainability of the fund is available at the website address above. Lazard Freres Gestion reserves the right to withdraw this fund from marketing at any time in accordance with Article 93a of CBFD directive. The fund is actively managed.

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. Any yield quoted is gross and is not guaranteed. It is subject to fees, taxation (particularly where presented gross of fees and taxes, which is specifically relevant for retail clients with Belgian residence) and charges within the Fund and the investor will receive less than the gross yield. There can be no assurance that the Fund's objectives or performance target will be achieved. Any views expressed herein are subject to change. Allocations are subject to change based on market conditions.

The securities are mentioned for illustrative purposes and may not be present in the portfolio as of the date of the presentation.

For any information about how to subscribe or redeem, please contact your Financial Advisor or the Lazard representative at the details below. Subscriptions may only be based on the current prospectus.

The net asset values (NAVs) are published daily on the website www.fundinfo.com and on the website of the management company.The returns from your investment may be affected by changes in the exchange rate between the Fund's base currency, the currency of the Fund's investments, your share class and your home currency. The information provided herein should not be considered a recommendation or solicitation to purchase, retain or sell any particular security. It should also not be assumed that any investment in these securities was or will be profitable.

The investor rights document is available under the following link Legal information - Lazard Frères Gestion - France (EN) (lazardfreresgestion.fr).

The tax treatment of each client will vary and you should seek professional tax advice.

The contents of this document are confidential and should not be disclosed other than to the person or persons for whom it is intended.

Please note that not all share classes are registered for distribution in every jurisdiction. Investment into the portfolio will not be accepted before the appropriate registration is completed in the relevant jurisdiction. For any complaints, please contact the representative of the LAM, or LFG office for your country. You will find the contact details below.

FOR FINANCIAL PROFESSIONAL USE ONLY.

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.

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.

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 from the date the claim is sent and will reply to the claim within two months  from the date the claim is sent, 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 regulator. In France : Autorité de Marché Financier in writing  ( 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 that is available on the aforementioned website. The mediation is free.