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Form N-PX · fund registrantSEC filer no. 874964

LAZARD FUNDS INC

fund voting report

Vote records reported
16,821year to 30 June 2026
Against management
9.1%1,433 of 15,801 marked votes
Say-on-pay support
83.9%for, of for + against + abstain
Shareholder-proposal support
51.5%for, of for + against + abstain
88.8% for8.8% against2.4% other9.1% against management16,315 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2026, LAZARD FUNDS INC reported 16,821 vote records on Form N-PX. 1,433 of the 15,801 votes that were marked for or against management went against management: 9.1%, 2.8 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 9.7%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 83.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 51.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (15.2% of 388), EXTRAORDINARY TRANSACTIONS (13.4% of 142) and COMPENSATION (13.3% of 1,773).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share9.1%6.2%10.6%
Say-on-pay support rate83.9%91.6%86.0%
Shareholder-proposal support rate51.5%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS7,4606,6424868.8%
SECTION 14A SAY-ON-PAY VOTES3882985715.2%
AUDIT-RELATED1,1231,039816.1%
INVESTMENT COMPANY MATTERS4400.0%
SHAREHOLDER RIGHTS AND DEFENSES51361513.2%
EXTRAORDINARY TRANSACTIONS1421231913.4%
CAPITAL STRUCTURE2,2262,0331938.7%
COMPENSATION1,8111,57322913.3%
CORPORATE GOVERNANCE3,5413,2242907.3%
ENVIRONMENT OR CLIMATE74423210.8%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3317160.0%
DIVERSITY, EQUITY, AND INCLUSION3117140.0%
OTHER SOCIAL ISSUES12984457.0%
OTHER198142565.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202433,9299.2%89.8%49.1%
year to 30 June 202526,1018.2%83.7%43.5%
year to 30 June 202616,8219.1%83.9%51.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, LAZARD FUNDS INC voted against management on 46 of the 277 it marked either way (16.6%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 183 proposals from security holders that could be told apart in the filings and on which it cast a vote, LAZARD FUNDS INC voted for 87 (47.5%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Amazon.com, Inc.20 May 2026Shareholder proposal requesting a mandatory independent board chair policy
Amazon.com, Inc.20 May 2026Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on impact of U.S. immigration policy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Eli Lilly and Company4 May 2026Shareholder proposal to prepare an annual lobbying report.
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
Dominion Energy, Inc.5 May 2026Shareholder Proposal Regarding a Policy for an Independent Chair
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Equinix, Inc.13 May 2026Consideration and vote upon a stockholder proposal, if properly presented at the Annual Meeting, related...
Digital Realty Trust, Inc.29 May 2026A stockholder proposal regarding enhanced water risk disclosure
WEC Energy Group, Inc.7 May 2026Stockholder proposal to govern by majority vote
CBRE Group, Inc.21 May 2026Stockholder proposal regarding our stockholders' ability to call special stockholder meetings.
Cognizant Technology Solutions Corporation2 Jun 2026Shareholder proposal to adopt shareholder right to act by written consent
Avery Dennison Corporation30 Apr 2026Require Independent Board Chair
CMS Energy Corporation8 May 2026Vote on a Shareholder Proposal: Shareholder Right to Act by Written Consent.
Steel Dynamics, Inc.6 May 2026Shareholder proposal - avoid political spending brand damage
Equifax Inc.7 May 2026Shareholder proposal to lower the ownership threshold to call a special meeting of shareholders to 10%.
CF Industries Holdings, Inc.28 Apr 2026Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Akamai Technologies, Inc.13 May 2026To vote upon a shareholder proposal requiring the Company to provide a report on political spending.
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding a report on deforestation in the company's own-brand supply chain
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts
EPAM Systems, Inc.21 May 2026To hold an advisory vote on a stockholder proposal, entitled "Give Shareholders an Ability to Call for a...
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.
Wyndham Hotels & Resorts, Inc.14 May 2026To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to...
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Meritage Homes Corporation21 May 2026Shareholder proposal to improve shareholder ability to call for a special shareholder meeting.
Graphic Packaging Holding Company11 Jun 2026Stockholder Proposal - Give Shareholders the Ability to call for a Special Shareholder Meeting.
Contemporary Amperex Technology Co., Ltd.25 Dec 2025Shareholder proposal: CAPITAL STRUCTURE
Banca Monte dei Paschi di Siena SpA15 Apr 2026Shareholder proposal: AUDIT-RELATED
PT Bank Mandiri (Persero) Tbk19 Dec 2025Amend Articles of Association

Shares on loan

LAZARD FUNDS INC reported no shares on loan for the year to 30 June 2026. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

20 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Lazard Emerging Markets Equity Advantage Portfolio3,49215.4%not reported53.8%
Lazard Real Assets Portfolio2,5004.5%93.1%50.0%
Lazard Emerging Markets Equity Portfolio1,44211.3%not reported100.0%
Lazard International Equity Portfolio1,3474.0%80.0%40.0%
Lazard International Equity Select Portfolio1,1422.4%not reported66.7%
Lazard International Strategic Equity Portfolio1,0004.9%not reported41.7%
Lazard Developing Markets Equity Portfolio89912.3%not reported81.8%
Lazard International Small Cap Equity Portfolio8358.7%86.8%50.0%
Lazard International Quality Growth Portfolio7334.8%not reported20.0%
Lazard Enhanced Opportunities Portfolio63116.1%76.9%50.0%
Lazard US Small Cap Equity Select Portfolio62912.7%82.5%83.3%
Lazard Global Listed Infrastructure Portfolio4461.0%100.0%60.0%
LAZARD US SYSTEMATIC SMALL CAP EQUITY PORTFOLIO44320.4%73.5%not reported
Lazard Equity Franchise Portfolio3653.6%85.7%25.0%
Lazard US Equity Focus Portfolio3617.2%83.3%32.6%
Lazard US Equity Concentrated Portfolio19013.2%68.8%27.6%
Lazard Global Equity Select Portfolio1811.7%100.0%8.3%
Lazard Emerging Markets Core Equity Portfolio15811.1%not reportednot reported
LAZARD US SUSTAINABLE EQUITY PORTFOLIO166.3%not reportednot reported
Lazard Opportunistic Strategies Portfolio110.0%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did LAZARD FUNDS INC vote on executive pay?

In the year to 30 June 2026 LAZARD FUNDS INC reported 355 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 298 were for (83.9%), 57 against and 0 abstentions. Counting one item per company meeting, it voted against management on 46 of the 277 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.

How often does LAZARD FUNDS INC vote against management?

9.1% of the time in the year to 30 June 2026: 1,433 of the 15,801 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did LAZARD FUNDS INC support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 40 votes on proposals from security holders in the year to 30 June 2026 and voted for 8 of them (20.0%). Across every category it voted for 51.5% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by LAZARD FUNDS INC (filer no. 874964), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.