LGI Lazard Global Total Return and Income Fund Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

 

Investment Company Act file number 811-21511

 

Lazard Global Total Return and Income Fund, Inc.

(Exact name of Registrant as specified in charter)

 

30 Rockefeller Plaza

New York, New York 10112

(Address of principal executive offices)  (Zip code)

 

Mark R. Anderson, Esq.

Lazard Asset Management LLC

30 Rockefeller Plaza

New York, New York 10112

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: (212) 632-6000

 

Date of fiscal year end: 12/31

 

Date of reporting period: 9/30/2023

Item 1. Schedule of Investments.

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments

September 30, 2023 (unaudited)

 

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments (continued)

September 30, 2023 (unaudited)

 

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments (concluded)

September 30, 2023 (unaudited)

 

Forward Currency Contracts open at September 30, 2023

Currency Purchased		Quantity		Currency Sold		Quantity		Counterparty		Settlement Date		Unrealized Appreciation			Unrealized Depreciation
CLP		3,998,516,250		USD		4,525,000		CIT		02/23/24		$	—		$	70,286
CNY		19,512,000		USD		2,710,000		HSB		02/05/24			—			5,327
CNY		24,654,745		USD		3,623,300		HSB		02/05/24			—			205,761
COP		10,165,699,430		USD		2,440,170		CIT		11/28/23			14,578			—
COP		10,056,900,000		USD		2,435,085		JPM		10/30/23			10,171			—
HUF		1,749,757,107		USD		4,858,400		CIT		11/28/23			—			155,216
IDR		73,902,495,000		USD		4,761,820		CIT		12/27/23			7,069			—
ILS		16,421,616		USD		4,355,000		CIT		06/18/24			7,790			—
INR		542,269,070		USD		6,492,071		CIT		01/16/24			—			1,145
KRW		4,314,804,000		USD		3,254,000		HSB		11/06/23			—			58,630
KZT		2,686,204,800		USD		5,472,000		SCB		03/20/24			—			219,848
MXN		84,776,286		USD		4,810,957		HSB		12/27/23			—			15,475
PEN		8,907,597		USD		2,275,830		CIT		11/03/23			71,734			—
PHP		181,115,290		USD		3,262,163		JPM		12/13/23			—			63,122
PLN		8,900,845		USD		2,057,000		CIT		01/29/24			—			28,750
PLN		9,779,888		USD		2,408,763		CIT		01/29/24			—			180,204
RON		22,951,768		EUR		4,570,927		JPM		04/29/24			—			17,428
RON		4,752,300		USD		1,052,227		JPM		11/06/23			—			42,854
SGD		4,320,380		USD		3,275,000		SCB		01/31/24			—			96,675
THB		54,177,540		USD		1,577,414		CIT		02/28/24			—			69,393
THB		101,431,990		USD		2,882,000		CIT		02/28/24			—			58,661
USD		965,213		BRL		4,973,258		HSB		11/16/23			—			18,397
UYU		214,972,580		USD		5,499,849		JPM		03/27/24			—			40,227
Total gross unrealized appreciation/depreciation on Forward Currency Contracts												$	111,342		$	1,347,399

 

Lazard Global Total Return and Income Fund, Inc.

Notes to Portfolio of Investments

September 30, 2023 (unaudited)

 

(*)	Non-income producing security.
(«)	Principal amount denominated in respective country’s currency.
(»)	The Fund, at all times, maintains portfolio securities in sufficient amount to cover its obligations related to investments in forward currency contracts.

 

Security Abbreviations:
ADR	- American Depositary Receipt

 

Portfolio holdings by industry † (as a percentage of net assets):
Common Stocks:
Aerospace & Defense		1.2	%
Banks		5.5
Beverages		6.1
Broadline Retail		4.7
Building Products		0.6
Capital Markets		6.2
Communications Equipment		1.9
Consumer Staples Distribution & Retail		0.7
Containers & Packaging		0.9
Electrical Equipment		3.9
Electronic Equipment, Instruments & Components		2.3
Entertainment		1.6
Financial Services		2.1
Health Care Providers & Services		1.5
Hotels, Restaurants & Leisure		1.4
Household Durables		0.9
Household Products		1.7
Insurance		3.2
Interactive Media & Services		5.2
IT Services		2.7
Leisure Products		1.5
Life Sciences Tools & Services		6.4
Machinery		2.0
Media		0.8
Personal Care Products		2.9
Pharmaceuticals		4.4
Professional Services		8.5
Semiconductors & Semiconductor Equipment		5.9
Software		5.8
Specialty Retail		1.1
Textiles, Apparel & Luxury Goods		3.8
Trading Companies & Distributors		1.4
Subtotal		98.8
Foreign Government Obligations		7.9
Short-Term Investments		6.5
Total Investments		113.2	%

 

†	Industry classifications may be different than those used for compliance monitoring purposes.

Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to notes to the financial statements.

 

Item 2. Controls and Procedures.

 

(a)   The Registrant’s principal executive and principal financial officers have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

 

(b)   There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Lazard Global Total Return and Income Fund, Inc.

 

By:	/s/ Nathan A. Paul
	Nathan A. Paul
	Chief Executive Officer
Date: November 24, 2023

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By:	/s/ Nathan A. Paul
	Nathan A. Paul
	Chief Executive Officer
Date: November 24, 2023
By:	/s/ Christina Kennedy
	Christina Kennedy
	Chief Financial Officer
Date: November 24, 2023

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