open/document-extraction

Added by Kamaji | Added: 2026-10-16 21:00 | Views: 17 | Model: dorsalhub/pdf-extractor

This view of the annotation often reflects the precision of the extraction model or annotator, as well as the complexity of the document.

Lazard Global Convertibles Recovery Fund

C Acc GBP Share Class | IE00BLD0YS98 A sub-fund of Lazard Global Investment Funds, an Irish UCITS investment fund company

September 2026

Fact Sheet

This is a marketing communication. This is not a contractually binding document. Please refer to the prospectus of the UCITS and to the PRIIPs KID before making any final investment decisions.

Morningstar Rating 1 QQQ (Overall Rank out of 21 Funds). Morningstar Rating based on risk-adjusted returns as of 30 September 2026 for the Share Class. Ratings and performance characteristics for other share classes may vary.

Fund Description Lazard Global Convertibles Recovery Fund is benchmark-unaware and seeks to benefit from market anomalies in the global convertible bonds market. It invests in an actively managed long only portfolio targeting 70 to 90 holdings which, according to the portfolio manager's analysis, have effectively been mispriced or undervalued by the market as a result of some manner of company-specific, sectoral, regional or global disruption. As such, security selection is expected to be the main performance driver of the strategy. Target volatility is between 7% and 10%, with potential for superior risk-adjusted returns.

Share Class NAV £124.83

Fund AUM

Class Currency £446.91m Base Fund Currency $593.70m

Risk Rating

- 1 2 3 4 5 6 7 +

Lower Risk Potentially Lower Rewards Higher Risk Potentially Higher Rewards

Key Risks Related to the Fund There is no capital guarantee or protection of the value of the Fund. The value of your investment and the income from it can go down as well as up and you may not get back the amount you originally invested. There is a risk with convertible bonds that their value, when converted into equity securities, will vary to those of non convertible equity securities, and their yield will be less than non convertible debt securities. Additionally, such securities may have a mandatory equity conversion feature, which may result in receiving equity when it is declining or at an unfavourable price. Investment in lower rated bonds increases the risk of default on repayment and the risk to capital of the Fund.

Key Risks Related to the Share Class 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. This is an unhedged share class, your shares will be exposed to exchange rate fluctuations between their denominated currency and the base currency of the Fund. This may affect the performance of your shares. See "Risk Factors" in the UCITS' Prospectus and Fund Supplement for more information about risks.

Performance Data Past performance is not a reliable indicator of future results Rolling Year Performance (%)* (Annualised Return* in GBP % p.a.) 12 Months ended 30 September 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Lazard Global Convertibles Recovery Fund 6.7 9.9 3.1 6.1 -3.7 - - - - -

Fund Performance (%)* (Annualised Return* in GBP % p.a.) Periods ended September 2026 Cumulative Annualised 1M 3M YTD 1Y 3Y 5Y S.I. 3Y 5Y S.I. Lazard Global Convertibles Recovery Fund -0.5 -2.7 3.1 6.7 20.8 23.5 24.8 6.5 4.3 3.9 *Source: Morningstar, NAV to NAV Price, Net Income Reinvested, Net of Fees. The maximum initial subscription fee chargeable to the investor is 3% (i.e. GBP 30 for an investment of GBP 1,000). Performance data for periods less than 1 year is illustrated on a cumulative growth basis. UK investors may be liable to taxation on the income from the fund, depending upon their personal circumstances. The effect of taxation would have been to reduce the returns stated. The returns from your investment may be affected by changes in the exchange rate.

1 © 2026 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Page 2

Lazard Global Convertibles Recovery Fund | C Acc GBP Share Class

£100 Invested Since Inception

100

110

120

130

Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Sep-26

Lazard Global Convertibles Recovery Fund (24.83%) Source: Morningstar, Cumulative Growth, NAV to NAV Price, Net of fees, Net Income Reinvested to 30 September 2026 in GBP.

Portfolio Characteristics Fund Yield (%) 3.45% Coupon Yield (%) 1.2% Delta (%) 38.7% Average Credit Spread 198 Average Rating BB+ Modified Duration 2.1 Average Maturity (Years) 3.5 Number of Holdings 71

Quality Distribution (%) (%)

3.6

6.7

10.6 11.6

14.3 11.9 12.9

5.5

13.1

3.6 5.3

0.9 0

A+ A- BBB+ BBB BBB- BB+ BB BB- B+ B B- Cash

Fund

Regional Distribution (%) (%)

62.5

17.7 1.9

17.0

0.9 0.0 0

US Europe Japan Asia ex Cash Other

Fund Sector Distribution (%)

0.9

4.3

4.8

5.4

11.5

13.0

17.3

19.5

23.3

0 5 10 15 20 25

Cash

Utilities

Energy

Industrial

Financial

Consumer, Non-cyclical

Consumer Cyclical

Communications

Technology

Fund

Currency Breakdown (%) (%)

80.4

16.8 0.9 1.6 0.2 0.1 0.0 0

1...

USD EUR JPY HKD GBP CHF Other

Fund

This Fund is actively managed. The Fund's performance is not measured in reference to a benchmark. 2

Page 3

Lazard Global Convertibles Recovery Fund | C Acc GBP Share Class

Fund Information

Fund Objective† The investment objective of the Fund is to maximise total return from income and capital growth Asset Class Global Convertibles Benchmark None Management Company Lazard Fund Managers (Ireland) Ltd Fund Managers Arnaud Brillois & Team Fund Launch Date 17/08/2020 Share Class Launch Date 11/12/2020 Base Fund Currency USD Class Currency GBP Type Accumulation SFDR Category Article 8 †There is no assurance that the Lazard Global Convertibles Recovery Fund's objectives or performance targets will be achieved. Fees Annual Management Fee 0.85% Ongoing charges 0.92% Max Subscription Fee 3.00% Max Redemption Fee 2.00% Minimum Investment Amount 0 USD Swing Pricing Applicable

Settlement Subscriptions Settlement T+2 Redemptions Settlement T+2 Dealing Frequency You can buy and sell shares in the Fund a day normally treated as a business day in London and New York provided that the following days shall not constitute business days for the purposes of the Fund: days on which the following public holidays fall: Christmas Day, the day following Christmas Day, New Year's Day, Good Friday, Easter Monday and any public holiday arising as a result of the foregoing public holidays falling on a Saturday or Sunday. Cut-off Time (Subscriptions) 12:00 T-0 IE Dublin Cut-off Time (Redemptions) 12:00 T-0 IE Dublin

Identifiers ISIN IE00BLD0YS98 Sedol BLD0YS9 Bloomberg LAGCRCA ID WKN Valoren 56636241

Glossary

Yield is the internal rate of return of a bond if held to maturity, but not accounting for conversion features of a convertible bond. Coupon Yield is the annual coupon value divided by the price of the bond. Delta represents the sensitivity of convertible bonds held by the Fund to a change in the underlying security price. Average Credit Spread is the credit spread of a bond over LIBOR, taking into account the value of the embedded option. Average Rating is the weighted average credit rating of bonds held by the Fund. Modified Duration is the percentage change in the value of a bond resulting from a 1% interest rate change.

Average Maturity is the average time to maturity of all bonds held by the Fund. Quality Distribution displayed derives from internal ratings. The Ongoing Charges represent the ongoing costs to the fund from one year to the next which includes but is not limited to the fund’s annual management fees, professional fees, audit fees, custody fees and custody transaction fees. It does not include any performance fee or portfolio transaction costs incurred buying or selling assets for the fund. The Ongoing charges may vary from year to year. The Risk Rating is calculated in line with PRIIPs Regulation 2014 (the “PRIIPs Regulations”)

Page 4

Lazard Global Convertibles Recovery Fund | C Acc GBP Share Class

Contact Details

Website: lazardassetmanagement.com Dealing and Administration Telephone: + 353 1242 5421 Belgium and Luxembourg Lazard Fund Managers (Ireland) Limited, Belgium Branch 326 Avenue Louise, 1050 Brussels, Belgium Telephone: +32 2 626 15 30/ +32 2 626 15 31 Email: contact.be@lazard.com France Lazard Frères Gestion, S.A.S. 25 rue de Courcelles, 75008 Paris Telephone : +33 1 44 13 01 79 Germany and Austria Lazard Asset Management (Deutschland) GmbH Neue Mainzer Str. 75, 60311 Frankfurt am Main Telephone: +49 69 / 50 60 60 Email: contact.de@lazard.com Italy Lazard Asset Management (Deutschland) GmbH Via Dell’Orso 2, 20121 Milan Telephone: + 39-02-8699-8611 Email: contact.it@lazard.com

Spain and Portugal Lazard Fund Managers (Ireland) Limited, Sucursal en España Paseo de la Castellana 140, Piso 10°, Letra E, 28046 Madrid Telephone: + 34 91 419 77 61 Email: contact.es@lazard.com Switzerland and Liechtenstein Lazard Asset Management Schweiz AG Uraniastrasse 12, CH-8001 Zürich Telephone: +41 43 / 88 86 480 Email: contact.ch@lazard.com United Arab Emirates – Dubai International Financial Center Lazard Gulf Limited Index Tower, Floor 10, Office 1008 - DIFC, Dubai, PO Box 506644 Telephone: +971 4 372 8250 Email: contact.ae@lazard.com United Kingdom, Finland, Ireland, Denmark, Norway and Sweden Lazard Asset Management Limited 20 Manchester Square, London W1U 3PZ Telephone: 0800 374 810 Email: contactuk@lazard.com USA Lazard Asset Management 30 Rockefeller Plaza - New York, NY - 10112 Telephone: 800-882-0011

Important Information

The Lazard Global Convertibles Recovery Fund is a sub-fund of Lazard Global Investment Funds plc, an open-ended investment company with variable capital structured as umbrella funds with segregated liability between sub-funds incorporated with limited liability and is authorised and regulated as UCITS by the Central Bank of Ireland. Lazard Fund Managers (Ireland) Limited is authorized and regulated in Ireland by the Central Bank of Ireland. Copies of the full Fund Prospectus, the relevant Packaged Retail and Insurance-based Investment Products Key Information Document (PRIIPs KID) and the most recent Report and Accounts are available in English, and other languages where appropriate at www.lazardassetmanagement.com. Investors and potential investors should read and note the risk warnings in the Prospectus and relevant PRIIPs KID. The fees and costs charged when issuing or repurchasing units or switching sub-funds, as well as any minimum subscription amounts, are as detailed in the PRIIPs KID. The current document is provided for information purposes only. It should not be considered a recommendation or solicitation to purchase, retain or sell any particular security. 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. There can be no assurance that the 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. Not for distribution in the United States, or to or for the account of US citizens or investors based in the US. Please note that neither the Fund nor all share classes of the Fund are registered in every jurisdiction. Investment into the portfolio will not be accepted before the appropriate registration is completed in the relevant jurisdiction. Additional information by Jurisdiction: United Kingdom, Finland, Ireland, Denmark, Norway and Sweden : The information is approved, on behalf of Lazard Fund Managers (Ireland) Limited, by Lazard Asset Management Limited, 20 Manchester Square, London W1U 3PZ. Incorporated in England and Wales, registered number 525667. Lazard Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Germany and Austria : Lazard Asset Management (Deutschland) GmbH, Neue Mainzer Strasse 75, 60311 Frankfurt am Main is authorized and regulated in Germany by the BaFin. The Paying Agent in Germany is Landesbank Baden-Württemberg, Am Hauptbahnhof 2, 70173 Stuttgart. The Paying Agent in Austria is UniCredit Bank Austria AG, Rothschildplatz 1, 1020 Vienna. Belgium and Luxembourg : This information is provided by the Belgian Branch of Lazard Fund Managers Ireland Limited, at Blue Tower Louise, Avenue Louise 326, Brussels, 1050 Belgium. The Paying Agent and the Representative in Belgium for the registration and the receipt of requests for issuance or repurchase of units or for switching sub-funds is Societe Generale Private Banking NV, Kortrijksesteenweg 302, 9000 Gent, Belgium. France : Any person requiring information in relation to the Fund mentioned in this document is required to consult the PRIIPs KID which is available on request from Lazard Frères Gestion SAS. The information contained in this document has not been independently verified or audited by the statutory auditors of the UCITS(s) concerned. This information is provided by Lazard Frères Gestion SAS , 25, rue de Courcelles 75 008 Paris. Italy: This information is provided by the Italian branch of Lazard Asset Management (Deutschland) GmbH. Lazard Asset Management (Deutschland) GmbH, Via Dell’Orso 2 - 20121 Milan is authorized and regulated in Germany by the BaFin. Not all share classes of the relevant sub-fund are registered for marketing in Italy and target institutional investors only. Subscriptions may only be based on the current prospectus. The Paying Agent for the funds are BNP Paribas Securities Services, Piazza Lina Bo Bardi, 3, 20124 Milano, and Allfunds Bank SA, Milan Branch, Via Santa Margherita 7, 20121, Milano. Netherlands: This information is provided by the Dutch Branch of Lazard Fund Managers (Ireland) Limited, which is registered in the Dutch register held with the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten). Spain and Portugal: 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. The Global Convertibles Recovery Fund is a Foreign Collective Investment Scheme registered with the CNMV under registration number 1379. Andorra: For Andorran licensed financial entities only. 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. This information is approved by Lazard Asset Management Limited (LAML). LAML and the Fund are not regulated or authorised by or registered in the official registers of the Andorran regulator (AFA) and thus the Shares of the Fund may not be offered or sold in Andorra through active marketing activities. Any orders transmitted by an Andorran licensed financial entity for the acquisition of Shares of the Fund and/or any marketing materials related to the Fund are provided in response to an unsolicited approach from the investor. Switzerland & Liechtenstein: Lazard Asset Management Schweiz AG: The domicile of the Fund is Ireland. The Representative in Switzerland is ACOLIN Fund Services AG, Maintower, Thurgauerstr. 36/38, CH-8050 Zurich. The Paying Agent is Banque Cantonale de Genève, 17, quai de l’Ile, CH-1204 Geneva, while the paying agent in Liechtenstein is LGT Bank AG, Herrengasse 12, FL-9490 Vaduz. Please take all information from our website, the Swiss Representative or from www.fundinfo.com. The Prospectus, the Constitution Documents, the Packaged Retail and Insurance-based Investment Products Key Information Document (PRIIPs KID) as well as the semi-annual and annual reports may be obtained free of charge at the registered office of the Swiss Representative. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming shares. Not all share classes of the respective sub-fund are registered for distribution in Liechtenstein and are aimed exclusively at institutional investors. Subscriptions may only be made on the basis of the current prospectus. United Arab Emirates: Issued and approved by Lazard Gulf Limited, Gate Village 1, Level 2, Dubai International Financial Centre, PO Box 506644, Dubai, United Arab Emirates. Registered in Dubai. International Financial Centre 0467. Authorised and regulated by the Dubai Financial Services Authority to deal with Professional Clients only.

Truncated: This annotation is too large to fit. View the raw JSON.

{
  "annotation_id": "80a5de0f-6830-4cab-b052-6ea8f673649a",
  "date_created": "2026-10-16T21:00:52.634000Z",
  "date_modified": "2026-10-16T21:00:52.634000Z",
  "file_hash": "658e3402ba173b717eab174c5f55f7348d13654bb79b8ec8720228febb03b4be",
  "private": false,
  "record": {
    "attributes": {
      "chunk_type": "page_range",
      "end_page": 4,
      "start_page": 1
    },
    "blocks": [
      {
        "block_type": "box",
        "box": {
          "height": 18,
          "width": 98,
          "x": 65,
          "y": 27
        },
        "id": "1df89760-191e-4df2-978a-ef4447fb50eb",
        "page_number": 1,
        "text": "Lazard"
      },
      {
        "block_type": "box",
        "box": {
          "height": 22,
          "width": 526,
          "x": 166,
          "y": 27
        },
        "id": "bfef708a-0885-4d8c-a706-e03f22ad43d3",
        "page_number": 1,
        "text": "Global Convertibles Recovery Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 12,
          "width": 299,
          "x": 63,
          "y": 60
        },
        "id": "51c7a051-ec42-4583-b918-08d8ea704a89",
        "page_number": 1,
        "text": "C Acc GBP Share Class | IE00BLD0YS98"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 526,
          "x": 62,
          "y": 80
        },
        "id": "dadf9de6-1fb0-4316-8135-5db189df925d",
        "page_number": 1,
        "text": "A sub-fund of Lazard Global Investment Funds, an Irish UCITS investment fund company"
      },
      {
        "block_type": "box",
        "box": {
          "height": 13,
          "width": 98,
          "x": 839,
          "y": 27
        },
        "id": "ec4dccbf-ff71-4c82-9a99-ec4c9f05ca82",
        "page_number": 1,
        "text": "September"
      },
      {
        "block_type": "box",
        "box": {
          "height": 13,
          "width": 57,
          "x": 879,
          "y": 45
        },
        "id": "7fcb6d45-cd2a-4174-a7f6-ed8e2599bfa0",
        "page_number": 1,
        "text": "2026"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 94,
          "x": 843,
          "y": 70
        },
        "id": "8796079a-aad3-4e44-b79e-cc920711d414",
        "page_number": 1,
        "text": "Fact Sheet"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 873,
          "x": 62,
          "y": 107
        },
        "id": "aa435d51-6528-43c6-b632-5252facc2e5d",
        "page_number": 1,
        "text": "This is a marketing communication. This is not a contractually binding document. Please refer to the prospectus of the UCITS and to the PRIIPs KID"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 109,
          "x": 63,
          "y": 117
        },
        "id": "f395aca3-f7ba-4652-a1f5-49056c15002e",
        "page_number": 1,
        "text": "before making any"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 25,
          "x": 176,
          "y": 117
        },
        "id": "722c31db-61c4-4d81-a718-d522f27f6abf",
        "page_number": 1,
        "text": "final"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 128,
          "x": 206,
          "y": 117
        },
        "id": "04d8c263-c879-4e38-ba8f-dda8f076fb13",
        "page_number": 1,
        "text": "investment decisions."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 121,
          "x": 74,
          "y": 142
        },
        "id": "181cafdf-393e-4fbe-a3b1-15afb7b6de7d",
        "page_number": 1,
        "text": "Morningstar Rating"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 3,
          "x": 197,
          "y": 140
        },
        "id": "e02635f4-5162-4239-9ce6-4ec55d8c9eda",
        "page_number": 1,
        "text": "1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 28,
          "x": 205,
          "y": 142
        },
        "id": "91a08afb-4def-42d3-aab0-fa1c7a867f45",
        "page_number": 1,
        "text": "QQQ"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 136,
          "x": 74,
          "y": 154
        },
        "id": "8d3d48b3-87e8-4abb-80ea-62a3b4757820",
        "page_number": 1,
        "text": "(Overall Rank out of 21 Funds)."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 366,
          "x": 74,
          "y": 167
        },
        "id": "fd26a793-607f-4b2e-825a-bb15a783c0c3",
        "page_number": 1,
        "text": "Morningstar Rating based on risk-adjusted returns as of 30 September"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 391,
          "x": 74,
          "y": 178
        },
        "id": "7fb4674c-a1fd-42e0-8afb-cbe0afdb5fb0",
        "page_number": 1,
        "text": "2026 for the Share Class. Ratings and performance characteristics for other"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 122,
          "x": 74,
          "y": 189
        },
        "id": "c3dce258-2f13-4e08-bb10-3f2f9621992a",
        "page_number": 1,
        "text": "share classes may vary."
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 132,
          "x": 63,
          "y": 224
        },
        "id": "ef7e19d2-6bc0-4d4c-8e21-9dc4cf3260b6",
        "page_number": 1,
        "text": "Fund Description"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 410,
          "x": 63,
          "y": 244
        },
        "id": "8d3ccf68-8fb3-4b9e-bee0-809f7d6e8883",
        "page_number": 1,
        "text": "Lazard Global Convertibles Recovery Fund is benchmark-unaware"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 80,
          "x": 62,
          "y": 254
        },
        "id": "13195f34-d47f-4f06-b37a-e84ffe0b756d",
        "page_number": 1,
        "text": "and seeks to"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 43,
          "x": 147,
          "y": 254
        },
        "id": "c5e28125-6606-43f2-8dd3-4485845fc2fe",
        "page_number": 1,
        "text": "benefit"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 226,
          "x": 195,
          "y": 254
        },
        "id": "8b8ada4e-4958-478e-a229-1bf29544b4b8",
        "page_number": 1,
        "text": "from market anomalies in the global"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 408,
          "x": 62,
          "y": 265
        },
        "id": "1c076e3c-c20f-47f0-9610-5859f6905920",
        "page_number": 1,
        "text": "convertible bonds market. It invests in an actively managed long"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 407,
          "x": 62,
          "y": 276
        },
        "id": "d394481a-3b07-4983-84de-fc495649ae2b",
        "page_number": 1,
        "text": "only portfolio targeting 70 to 90 holdings which, according to the"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 400,
          "x": 62,
          "y": 286
        },
        "id": "82549626-d038-44c8-86d9-7551901ae10d",
        "page_number": 1,
        "text": "portfolio manager\u0027s analysis, have effectively been mispriced or"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 362,
          "x": 63,
          "y": 297
        },
        "id": "c7de641b-d3b7-42fd-8709-995f948d1510",
        "page_number": 1,
        "text": "undervalued by the market as a result of some manner of"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 112,
          "x": 62,
          "y": 308
        },
        "id": "5a4e6622-23b5-4187-9f46-18fd094c724e",
        "page_number": 1,
        "text": "company-specific,"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 292,
          "x": 180,
          "y": 308
        },
        "id": "0a3b5da7-53eb-4b93-b0ea-af421bd63f9e",
        "page_number": 1,
        "text": "sectoral, regional or global disruption. As such,"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 407,
          "x": 62,
          "y": 318
        },
        "id": "b1abff34-f051-4316-9dc8-bca5ebc42b53",
        "page_number": 1,
        "text": "security selection is expected to be the main performance driver"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 389,
          "x": 62,
          "y": 329
        },
        "id": "4030d9ed-c14b-47f2-9421-6657d703865d",
        "page_number": 1,
        "text": "of the strategy. Target volatility is between 7% and 10%, with"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 266,
          "x": 62,
          "y": 340
        },
        "id": "959e6978-a926-49dc-8b6f-8782d3a0f253",
        "page_number": 1,
        "text": "potential for superior risk-adjusted returns."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 92,
          "x": 62,
          "y": 373
        },
        "id": "d96d4fa4-7f7e-45cb-be93-bab51a6d5936",
        "page_number": 1,
        "text": "Share Class"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 23,
          "x": 65,
          "y": 391
        },
        "id": "8ca2be73-f3e7-492c-a206-8b2973481864",
        "page_number": 1,
        "text": "NAV"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 43,
          "x": 285,
          "y": 391
        },
        "id": "8912d8b9-326a-408d-8fd6-83922eee4353",
        "page_number": 1,
        "text": "\u00a3124.83"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 82,
          "x": 63,
          "y": 426
        },
        "id": "6bd40206-d5fb-47b3-8649-37e3d70751d1",
        "page_number": 1,
        "text": "Fund AUM"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 83,
          "x": 65,
          "y": 448
        },
        "id": "ffdc38a9-1ae9-4b27-b64a-1f0d90843665",
        "page_number": 1,
        "text": "Class Currency"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 55,
          "x": 273,
          "y": 448
        },
        "id": "c8e36006-0b52-4f1b-9d4d-dc069a5d6dbd",
        "page_number": 1,
        "text": "\u00a3446.91m"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 111,
          "x": 65,
          "y": 466
        },
        "id": "ae5738d9-bc99-4099-bfa5-8b61101ffaa7",
        "page_number": 1,
        "text": "Base Fund Currency"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 55,
          "x": 273,
          "y": 465
        },
        "id": "5d0a78d7-d0e9-49cb-bf44-ecce4e2c1686",
        "page_number": 1,
        "text": "$593.70m"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 85,
          "x": 521,
          "y": 137
        },
        "id": "07ad0287-59e7-4c60-b71f-44699369df6f",
        "page_number": 1,
        "text": "Risk Rating"
      },
      {
        "block_type": "box",
        "box": {
          "height": 0,
          "width": 4,
          "x": 548,
          "y": 168
        },
        "id": "84b30c86-4eea-42ea-95ee-0e2bfe45e3e8",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 4,
          "x": 590,
          "y": 163
        },
        "id": "3a605787-1fc1-413b-a881-c6cd7a82b3dd",
        "page_number": 1,
        "text": "1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 7,
          "x": 632,
          "y": 163
        },
        "id": "7c71205e-8e32-4fab-a53e-a1c6b4212162",
        "page_number": 1,
        "text": "2"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 8,
          "x": 674,
          "y": 163
        },
        "id": "a4098690-5de6-4dd9-93b0-3e1ac80f98b3",
        "page_number": 1,
        "text": "3"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 8,
          "x": 717,
          "y": 163
        },
        "id": "2640fc92-ed0a-4ad4-b222-33d45c2193e7",
        "page_number": 1,
        "text": "4"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 8,
          "x": 760,
          "y": 163
        },
        "id": "f92a0aa3-cc8b-474b-8edf-bb63d9921a56",
        "page_number": 1,
        "text": "5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 7,
          "x": 803,
          "y": 163
        },
        "id": "9381e7ab-8b6c-41c1-8030-2efc7533525f",
        "page_number": 1,
        "text": "6"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 8,
          "x": 845,
          "y": 163
        },
        "id": "a6223c17-f3af-4d69-8592-2f3935cbe2c6",
        "page_number": 1,
        "text": "7"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 8,
          "x": 888,
          "y": 165
        },
        "id": "4c3cffbd-ce3a-4a01-be99-91534a09d745",
        "page_number": 1,
        "text": "+"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 53,
          "x": 544,
          "y": 194
        },
        "id": "9ca3d9fd-fd0c-4b12-97a2-81e86a205375",
        "page_number": 1,
        "text": "Lower Risk"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 127,
          "x": 547,
          "y": 204
        },
        "id": "e51d6d14-1bb9-4edd-b575-d3fe6104cf3e",
        "page_number": 1,
        "text": "Potentially Lower Rewards"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 55,
          "x": 841,
          "y": 194
        },
        "id": "2e17a652-57e8-4485-a753-7061bd04cf1c",
        "page_number": 1,
        "text": "Higher Risk"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 129,
          "x": 763,
          "y": 204
        },
        "id": "571a2af0-688f-410e-b3ce-7eb604aef912",
        "page_number": 1,
        "text": "Potentially Higher Rewards"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 197,
          "x": 521,
          "y": 234
        },
        "id": "d9b07b62-1f9b-4d45-b1f3-1dcd3f91884e",
        "page_number": 1,
        "text": "Key Risks Related to the Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 386,
          "x": 520,
          "y": 246
        },
        "id": "fad3e602-a0fa-434a-ad99-f40be0ef3a05",
        "page_number": 1,
        "text": "There is no capital guarantee or protection of the value of the"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 415,
          "x": 521,
          "y": 257
        },
        "id": "9c463d23-081e-49bb-b42a-bf627f81736e",
        "page_number": 1,
        "text": "Fund. The value of your investment and the income from it can go"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 390,
          "x": 520,
          "y": 267
        },
        "id": "0c3b9b06-5901-40a0-9891-cac33f59fa62",
        "page_number": 1,
        "text": "down as well as up and you may not get back the amount you"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 115,
          "x": 520,
          "y": 278
        },
        "id": "d97cbf55-91af-4d87-9086-38ba0b7a728f",
        "page_number": 1,
        "text": "originally invested."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 376,
          "x": 520,
          "y": 295
        },
        "id": "6fc55ea0-cc15-42db-963e-70040d84103a",
        "page_number": 1,
        "text": "There is a risk with convertible bonds that their value, when"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 363,
          "x": 520,
          "y": 306
        },
        "id": "432fc8b0-f5f2-4e03-963e-a0a7c8dc82c0",
        "page_number": 1,
        "text": "converted into equity securities, will vary to those of non"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 412,
          "x": 520,
          "y": 317
        },
        "id": "863c7984-b294-467d-8a02-30251f2333e9",
        "page_number": 1,
        "text": "convertible equity securities, and their yield will be less than non"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 412,
          "x": 520,
          "y": 327
        },
        "id": "3e504ebd-e30d-4f8d-a8d0-d9c52c246e36",
        "page_number": 1,
        "text": "convertible debt securities. Additionally, such securities may have"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 372,
          "x": 520,
          "y": 338
        },
        "id": "8e8adcdf-7115-496f-aaf8-0ad009e4e0f3",
        "page_number": 1,
        "text": "a mandatory equity conversion feature, which may result in"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 399,
          "x": 521,
          "y": 349
        },
        "id": "4ab227e1-ef7b-4f96-8946-1ec91ff66d8c",
        "page_number": 1,
        "text": "receiving equity when it is declining or at an unfavourable price."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 401,
          "x": 521,
          "y": 366
        },
        "id": "32cd9774-d6e5-40e6-ab90-15be85454548",
        "page_number": 1,
        "text": "Investment in lower rated bonds increases the risk of default on"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 285,
          "x": 521,
          "y": 377
        },
        "id": "79cbec93-684b-4f58-83a4-c5c102fe3e92",
        "page_number": 1,
        "text": "repayment and the risk to capital of the Fund."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 243,
          "x": 521,
          "y": 398
        },
        "id": "edbb7e1e-6e70-4f45-a0de-e0097c1f878a",
        "page_number": 1,
        "text": "Key Risks Related to the Share Class"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 407,
          "x": 520,
          "y": 410
        },
        "id": "a3259930-ad99-450e-ae89-f0e0d69c7435",
        "page_number": 1,
        "text": "The returns from your investment may be affected by changes in"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 363,
          "x": 520,
          "y": 421
        },
        "id": "08fd3440-7e77-47e8-8993-16284ca1000a",
        "page_number": 1,
        "text": "the exchange rate between the Fund\u0027s base currency, the"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 392,
          "x": 520,
          "y": 431
        },
        "id": "e00dd0a9-3ba3-4c42-a93b-11bef66e8ea0",
        "page_number": 1,
        "text": "currency of the Fund\u0027s investments, your share class and your"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 95,
          "x": 521,
          "y": 442
        },
        "id": "9ee92810-c236-4b38-bc62-a4b0321b6b62",
        "page_number": 1,
        "text": "home currency."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 401,
          "x": 520,
          "y": 460
        },
        "id": "d1446977-ed23-463f-8a29-2b93251fbdb8",
        "page_number": 1,
        "text": "This is an unhedged share class, your shares will be exposed to"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 87,
          "x": 520,
          "y": 470
        },
        "id": "88d6f2c9-1d4c-4dff-8587-b466cc3daef3",
        "page_number": 1,
        "text": "exchange rate"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 73,
          "x": 612,
          "y": 470
        },
        "id": "1bb8581c-6014-4fbf-9f87-01dbba8373d9",
        "page_number": 1,
        "text": "fluctuations"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 234,
          "x": 690,
          "y": 470
        },
        "id": "fe7ffd8b-a49e-4c2e-865e-5ca065fae111",
        "page_number": 1,
        "text": "between their denominated currency"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 344,
          "x": 520,
          "y": 481
        },
        "id": "6aca509d-2539-4676-91c3-31b68ab3a9f2",
        "page_number": 1,
        "text": "and the base currency of the Fund. This may affect the"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 177,
          "x": 520,
          "y": 492
        },
        "id": "64b26f46-47c8-4b46-8d57-db52d655ab2a",
        "page_number": 1,
        "text": "performance of your shares."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 337,
          "x": 520,
          "y": 509
        },
        "id": "df06eab5-063f-4b5f-867c-e1114b983863",
        "page_number": 1,
        "text": "See \"Risk Factors\" in the UCITS\u0027 Prospectus and Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 286,
          "x": 520,
          "y": 520
        },
        "id": "16cbc56f-5a7e-4147-988c-882b2285d4cc",
        "page_number": 1,
        "text": "Supplement for more information about risks."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 140,
          "x": 63,
          "y": 552
        },
        "id": "095b432f-d529-40d9-a709-8704516383f7",
        "page_number": 1,
        "text": "Performance Data"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 305,
          "x": 62,
          "y": 571
        },
        "id": "17fa2dad-0be8-4c31-ab88-59fda73c054b",
        "page_number": 1,
        "text": "Past performance is not a reliable indicator of future results"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 202,
          "x": 63,
          "y": 591
        },
        "id": "65cc6b01-4be9-4e68-861f-94c149fcadab",
        "page_number": 1,
        "text": "Rolling Year Performance (%)*"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 171,
          "x": 62,
          "y": 606
        },
        "id": "71187294-d955-4f35-b91e-ff7af4124163",
        "page_number": 1,
        "text": "(Annualised Return* in GBP % p.a.)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 163,
          "x": 583,
          "y": 622
        },
        "id": "6754ddbb-171c-4402-a55e-76296c000eeb",
        "page_number": 1,
        "text": "12 Months ended 30 September"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 406,
          "y": 639
        },
        "id": "8fb1afb2-35b6-4e88-bcf3-356c3ca5d486",
        "page_number": 1,
        "text": "2026"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 461,
          "y": 639
        },
        "id": "56f9c1d6-1f6b-48d4-bfac-78d95d5c05a8",
        "page_number": 1,
        "text": "2025"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 24,
          "x": 515,
          "y": 639
        },
        "id": "f7938000-fb42-4d8d-9549-0b087d98577f",
        "page_number": 1,
        "text": "2024"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 570,
          "y": 639
        },
        "id": "f4763fe0-5c73-4751-a40d-282b3c40be65",
        "page_number": 1,
        "text": "2023"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 625,
          "y": 639
        },
        "id": "320a51fe-bfa5-4745-8dd4-c2b2d6aa9043",
        "page_number": 1,
        "text": "2022"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 21,
          "x": 680,
          "y": 639
        },
        "id": "0d4460de-fa3f-4617-be31-b9dab11c8d0c",
        "page_number": 1,
        "text": "2021"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 734,
          "y": 639
        },
        "id": "16ab877d-4153-4f1f-bdbe-8f4b873c5686",
        "page_number": 1,
        "text": "2020"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 22,
          "x": 790,
          "y": 639
        },
        "id": "fb322366-644f-4c7a-9da6-483d140d008b",
        "page_number": 1,
        "text": "2019"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 23,
          "x": 844,
          "y": 639
        },
        "id": "21ec8480-1840-4031-8bea-2b83a9bff90d",
        "page_number": 1,
        "text": "2018"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 22,
          "x": 899,
          "y": 639
        },
        "id": "bfacd2f8-c969-460b-a794-a0ba747a3085",
        "page_number": 1,
        "text": "2017"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 232,
          "x": 63,
          "y": 655
        },
        "id": "b3e37750-1171-4b4e-8ebd-fccdae171fdf",
        "page_number": 1,
        "text": "Lazard Global Convertibles Recovery Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 16,
          "x": 409,
          "y": 656
        },
        "id": "a6dcafa7-950b-4611-97ff-5409f3f60329",
        "page_number": 1,
        "text": "6.7"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 16,
          "x": 464,
          "y": 656
        },
        "id": "0bf4ac98-9602-44eb-be39-f99a57cd05bc",
        "page_number": 1,
        "text": "9.9"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 14,
          "x": 519,
          "y": 656
        },
        "id": "9aff9d04-2e59-41c4-99b7-cec7514af028",
        "page_number": 1,
        "text": "3.1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 15,
          "x": 573,
          "y": 656
        },
        "id": "ef391f48-3d5b-47aa-92c7-c97d62651379",
        "page_number": 1,
        "text": "6.1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 20,
          "x": 626,
          "y": 656
        },
        "id": "72f54dfb-e032-4460-bdb7-a958da0c0df1",
        "page_number": 1,
        "text": "-3.7"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 3,
          "x": 690,
          "y": 659
        },
        "id": "7ae8291c-825b-48b7-a98e-03caf1f39aeb",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 3,
          "x": 744,
          "y": 659
        },
        "id": "6048c1ad-9b61-4b7f-a27e-85f3cca83246",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 3,
          "x": 799,
          "y": 659
        },
        "id": "c5472ace-9e26-4d51-af42-95f81e47458e",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 3,
          "x": 854,
          "y": 659
        },
        "id": "6c9856b7-98a5-4666-bd39-20181ee63f08",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 3,
          "x": 909,
          "y": 659
        },
        "id": "314652ad-b844-4bce-a9bb-c27324ab4b50",
        "page_number": 1,
        "text": "-"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 155,
          "x": 63,
          "y": 682
        },
        "id": "5d185313-3ee4-488d-a3c8-f986837f654c",
        "page_number": 1,
        "text": "Fund Performance (%)*"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 171,
          "x": 62,
          "y": 695
        },
        "id": "c162f549-c945-4d54-aac3-6a144f348020",
        "page_number": 1,
        "text": "(Annualised Return* in GBP % p.a.)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 160,
          "x": 584,
          "y": 709
        },
        "id": "ad766a41-b109-4142-bcaf-de6dcb4f0509",
        "page_number": 1,
        "text": "Periods ended September 2026"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 58,
          "x": 650,
          "y": 724
        },
        "id": "aff4356c-69c4-4edf-acd5-c43e952a9fb8",
        "page_number": 1,
        "text": "Cumulative"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 57,
          "x": 830,
          "y": 724
        },
        "id": "b8e91fc0-2d2e-460c-be1c-3219f15a60c2",
        "page_number": 1,
        "text": "Annualised"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 16,
          "x": 408,
          "y": 739
        },
        "id": "e0712330-be92-4f18-ab6e-ba1da79fd8bc",
        "page_number": 1,
        "text": "1M"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 17,
          "x": 460,
          "y": 739
        },
        "id": "2d39989f-c524-40c1-ac53-2f82b9b14f1e",
        "page_number": 1,
        "text": "3M"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 24,
          "x": 509,
          "y": 739
        },
        "id": "9d8c93aa-159b-4064-80bd-6663dffa3d5c",
        "page_number": 1,
        "text": "YTD"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 14,
          "x": 568,
          "y": 739
        },
        "id": "7a583ecf-ce9e-40d0-8244-30431e81d858",
        "page_number": 1,
        "text": "1Y"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 15,
          "x": 619,
          "y": 739
        },
        "id": "3c87689f-0597-4674-b8ef-d92110fd4c06",
        "page_number": 1,
        "text": "3Y"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 15,
          "x": 672,
          "y": 739
        },
        "id": "537cabbb-bed5-4b89-af7d-57c8df80c05c",
        "page_number": 1,
        "text": "5Y"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 17,
          "x": 723,
          "y": 739
        },
        "id": "3755b03b-9dad-4ca6-8312-ca5c7c40aa9d",
        "page_number": 1,
        "text": "S.I."
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 15,
          "x": 799,
          "y": 739
        },
        "id": "71607129-085c-4d7b-a814-ac6ab66b53c8",
        "page_number": 1,
        "text": "3Y"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 14,
          "x": 852,
          "y": 739
        },
        "id": "35ee556d-e762-4617-b578-be2241e99893",
        "page_number": 1,
        "text": "5Y"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 18,
          "x": 902,
          "y": 739
        },
        "id": "c189a590-19b4-4fec-bbe7-3593737d02df",
        "page_number": 1,
        "text": "S.I."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 233,
          "x": 65,
          "y": 754
        },
        "id": "359b28bb-54fc-4032-964e-78f8fb9e0c04",
        "page_number": 1,
        "text": "Lazard Global Convertibles Recovery Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 20,
          "x": 406,
          "y": 754
        },
        "id": "0ab75e3f-9eb9-4ada-b515-d8cafbeb9478",
        "page_number": 1,
        "text": "-0.5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 21,
          "x": 458,
          "y": 754
        },
        "id": "7f99d3cf-7c45-4204-8c92-91b1febb79d6",
        "page_number": 1,
        "text": "-2.7"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 14,
          "x": 513,
          "y": 754
        },
        "id": "531e18bc-ecd7-4ce5-bae5-a77779fc20b9",
        "page_number": 1,
        "text": "3.1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 16,
          "x": 566,
          "y": 754
        },
        "id": "9288b333-dbd2-4819-bb8f-ba5a6007811c",
        "page_number": 1,
        "text": "6.7"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 23,
          "x": 615,
          "y": 754
        },
        "id": "730ccce3-3a54-4472-9f53-e3b2b6b3fde1",
        "page_number": 1,
        "text": "20.8"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 24,
          "x": 667,
          "y": 754
        },
        "id": "dfebc7e2-afdd-4409-8c53-0e8b99e66ae7",
        "page_number": 1,
        "text": "23.5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 23,
          "x": 720,
          "y": 754
        },
        "id": "ef686457-43b7-42b3-8577-cbb6d5f4f578",
        "page_number": 1,
        "text": "24.8"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 16,
          "x": 798,
          "y": 754
        },
        "id": "8596c770-899d-4a48-a951-96c6c239bfd6",
        "page_number": 1,
        "text": "6.5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 17,
          "x": 850,
          "y": 754
        },
        "id": "402f8da0-998f-4dd7-9ad4-f7d2a9037c1d",
        "page_number": 1,
        "text": "4.3"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 16,
          "x": 903,
          "y": 754
        },
        "id": "2a3c59f0-51ec-4a45-b1df-b400f67ddbd5",
        "page_number": 1,
        "text": "3.9"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 868,
          "x": 63,
          "y": 773
        },
        "id": "2324486b-1958-4f24-a727-0959ab103f00",
        "page_number": 1,
        "text": "*Source: Morningstar, NAV to NAV Price, Net Income Reinvested, Net of Fees. The maximum initial subscription fee chargeable to the investor is 3% (i.e. GBP 30 for an investment"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 833,
          "x": 62,
          "y": 784
        },
        "id": "b79688e7-6ad7-40b3-b5d5-81732d48305b",
        "page_number": 1,
        "text": "of GBP 1,000). Performance data for periods less than 1 year is illustrated on a cumulative growth basis. UK investors may be liable to taxation on the income from the fund,"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 872,
          "x": 62,
          "y": 795
        },
        "id": "eb514ee1-51e5-48e5-af9b-108245bd2ac5",
        "page_number": 1,
        "text": "depending upon their personal circumstances. The effect of taxation would have been to reduce the returns stated. The returns from your investment may be affected by changes in"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 88,
          "x": 62,
          "y": 805
        },
        "id": "286eb00a-c88b-4db7-9bdf-b144e5535d3b",
        "page_number": 1,
        "text": "the exchange rate."
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 685,
          "x": 63,
          "y": 951
        },
        "id": "6be2884a-57f5-4095-84d2-204bc399328f",
        "page_number": 1,
        "text": "1 \u00a9 2026 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 688,
          "x": 62,
          "y": 961
        },
        "id": "9a4cf79f-6c8b-4f31-9738-df59b38541ce",
        "page_number": 1,
        "text": "may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 380,
          "x": 62,
          "y": 972
        },
        "id": "4ebacf03-c871-4d6a-9653-4fc7b870cca1",
        "page_number": 1,
        "text": "responsible for any damages or losses arising from any use of this information."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 49,
          "x": 63,
          "y": 51
        },
        "id": "454d02e6-9333-4c80-a6cd-a79dc7ce2dc9",
        "page_number": 2,
        "text": "Lazard"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 450,
          "x": 114,
          "y": 51
        },
        "id": "e9b51925-ea69-49d6-9bbf-b8d53c0cc854",
        "page_number": 2,
        "text": "Global Convertibles Recovery Fund | C Acc GBP Share Class"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 234,
          "x": 62,
          "y": 85
        },
        "id": "cb1cdadc-b1fc-47d0-afde-4506b5acf848",
        "page_number": 2,
        "text": "\u00a3100 Invested Since Inception"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 11,
          "x": 73,
          "y": 247
        },
        "id": "1a9a7677-4fe2-4fc7-9e35-ce1a567b4c64",
        "page_number": 2,
        "text": "90"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 17,
          "x": 67,
          "y": 212
        },
        "id": "79ada01d-8a84-4077-9047-b6503f18d713",
        "page_number": 2,
        "text": "100"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 17,
          "x": 67,
          "y": 176
        },
        "id": "4d2d29f9-e0d2-4f23-971d-1a5f0f97f4b1",
        "page_number": 2,
        "text": "110"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 17,
          "x": 67,
          "y": 141
        },
        "id": "89c82ebb-902a-41ef-ad99-2799ae705804",
        "page_number": 2,
        "text": "120"
      },
      {
        "block_type": "box",
        "box": {
          "height": 5,
          "width": 17,
          "x": 67,
          "y": 106
        },
        "id": "66af0d80-6805-4f91-b2e8-d74409ec7747",
        "page_number": 2,
        "text": "130"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 34,
          "x": 73,
          "y": 259
        },
        "id": "64539ca9-5dc5-48a8-a08e-0d09f75929a0",
        "page_number": 2,
        "text": "Dec-20"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 31,
          "x": 142,
          "y": 259
        },
        "id": "30c72b23-6a11-4889-8c31-4dd9299ac1fc",
        "page_number": 2,
        "text": "Dec-21"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 33,
          "x": 207,
          "y": 259
        },
        "id": "d9aec247-4bd1-4422-9dbc-417dd0eb3278",
        "page_number": 2,
        "text": "Dec-22"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 33,
          "x": 272,
          "y": 259
        },
        "id": "e02b6914-578c-4ac8-825c-01798cc7b110",
        "page_number": 2,
        "text": "Dec-23"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 33,
          "x": 337,
          "y": 259
        },
        "id": "51061469-8883-415a-8424-b0f394d487dc",
        "page_number": 2,
        "text": "Dec-24"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 33,
          "x": 450,
          "y": 259
        },
        "id": "c637044a-f592-4c78-a016-ad7eb4742c47",
        "page_number": 2,
        "text": "Sep-26"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 249,
          "x": 130,
          "y": 285
        },
        "id": "47a12476-903f-4c27-a953-cc73656f2219",
        "page_number": 2,
        "text": "Lazard Global Convertibles Recovery Fund (24.83%)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 412,
          "x": 62,
          "y": 298
        },
        "id": "3742f47d-1444-4916-a143-9b993a8cf69c",
        "page_number": 2,
        "text": "Source: Morningstar, Cumulative Growth, NAV to NAV Price, Net of fees, Net Income"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 201,
          "x": 63,
          "y": 309
        },
        "id": "6c490e2e-9fb0-4848-87be-b14f10d7eca8",
        "page_number": 2,
        "text": "Reinvested to 30 September 2026 in GBP."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 186,
          "x": 521,
          "y": 85
        },
        "id": "79751f69-4fa3-4b11-8154-291dfa2b7dca",
        "page_number": 2,
        "text": "Portfolio Characteristics"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 24,
          "x": 884,
          "y": 105
        },
        "id": "e231f177-c5cc-45ca-bc4a-b49c7f81c7f3",
        "page_number": 2,
        "text": "Fund"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 49,
          "x": 520,
          "y": 120
        },
        "id": "e3929e8e-47d8-4daf-88e5-274f05555377",
        "page_number": 2,
        "text": "Yield (%)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 35,
          "x": 878,
          "y": 121
        },
        "id": "2f718a5b-ffa4-4220-bb52-9389456c3127",
        "page_number": 2,
        "text": "3.45%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 95,
          "x": 520,
          "y": 134
        },
        "id": "f17646c9-bc04-4910-87f4-aa694f2a0c6d",
        "page_number": 2,
        "text": "Coupon Yield (%)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 25,
          "x": 883,
          "y": 135
        },
        "id": "4924cd81-9bb9-4b78-a562-852992461725",
        "page_number": 2,
        "text": "1.2%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 50,
          "x": 521,
          "y": 148
        },
        "id": "104d1926-f120-4378-a7ad-694656979c93",
        "page_number": 2,
        "text": "Delta (%)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 35,
          "x": 878,
          "y": 148
        },
        "id": "5c282560-d435-41c5-ab15-7550b9f912ec",
        "page_number": 2,
        "text": "38.7%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 124,
          "x": 520,
          "y": 162
        },
        "id": "6efabc27-cb18-4a7e-910b-77290f3f022d",
        "page_number": 2,
        "text": "Average Credit Spread"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 18,
          "x": 887,
          "y": 162
        },
        "id": "c92d8d08-0923-4c7c-8cf8-a1307d402621",
        "page_number": 2,
        "text": "198"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 83,
          "x": 520,
          "y": 176
        },
        "id": "0c5de101-9915-425d-90e0-10b4024666c0",
        "page_number": 2,
        "text": "Average Rating"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 23,
          "x": 884,
          "y": 176
        },
        "id": "bb745513-1b0e-4944-a97a-2430e6290611",
        "page_number": 2,
        "text": "BB+"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 47,
          "x": 521,
          "y": 190
        },
        "id": "cb88f51e-372b-46f2-acd3-5ceea71eb7ff",
        "page_number": 2,
        "text": "Modified"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 45,
          "x": 574,
          "y": 190
        },
        "id": "cc952f0a-ef22-40ad-b916-4e3e9fd0e4fe",
        "page_number": 2,
        "text": "Duration"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 14,
          "x": 888,
          "y": 190
        },
        "id": "5b4ec577-ad2c-4f21-a878-a5781dfe9cb9",
        "page_number": 2,
        "text": "2.1"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 134,
          "x": 520,
          "y": 204
        },
        "id": "f8e05d4c-40ba-4800-af47-669da0cb2127",
        "page_number": 2,
        "text": "Average Maturity (Years)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 17,
          "x": 887,
          "y": 204
        },
        "id": "389370b8-a70a-4b96-ad44-b7b489db0b81",
        "page_number": 2,
        "text": "3.5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 111,
          "x": 521,
          "y": 218
        },
        "id": "92e10710-272f-410c-a594-8263a684be10",
        "page_number": 2,
        "text": "Number of Holdings"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 11,
          "x": 889,
          "y": 219
       ...