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: 3/31/2024

Item 1. Schedule of Investments.

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments

March 31, 2024 (unaudited)

 

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments (continued)

March 31, 2024 (unaudited)

 

Lazard Global Total Return and Income Fund, Inc.

Portfolio of Investments (concluded)

March 31, 2024 (unaudited)

Forward Currency Contracts open at March 31, 2024:

Currency Purchased		Quantity		Currency Sold		Quantity		Counterparty		Settlement Date		Unrealized Appreciation				Unrealized Depreciation
CLP		3,998,516,250		USD		4,101,337		CIT		05/15/24		$	—			$	25,395
CLP		1,665,846,000		USD		1,755,000		SCB		06/18/24			—				58,109
CNY		44,166,745		USD		6,230,145		HSB		04/01/24			—				119,173
CNY		44,166,745		USD		6,222,421		HSB		05/21/24			—				24,341
COP		20,222,599,430		USD		5,108,755		CIT		05/14/24			86,366				—
EGP		85,346,100		USD		1,767,000		HSB		05/21/24			13,136				—
HUF		1,749,757,107		USD		4,812,407		CIT		04/15/24			—				22,971
IDR		73,902,495,000		USD		4,733,092		CIT		09/17/24			—				98,879
ILS		16,421,616		USD		4,355,000		CIT		06/18/24			125,837				—
INR		542,269,070		USD		6,529,335		CIT		06/14/24			—				40,379
KRW		4,314,804,000		USD		3,240,072		HSB		04/25/24			—				39,339
KZT		2,686,204,800		USD		5,752,045		SCB		09/13/24			27,518				—
MXN		84,776,286		USD		4,846,990		HSB		05/15/24			218,194				—
PEN		8,907,597		USD		2,283,824		CIT		04/30/24			109,377				—
PHP		181,115,290		USD		3,219,484		JPM		05/08/24			2,671				—
PLN		14,199,879		USD		3,607,000		CIT		05/20/24			—				53,477
RON		22,951,768		EUR		4,570,927		JPM		04/29/24			43,156				—
RON		4,752,300		USD		1,004,598		JPM		07/30/24			25,519				—
SGD		4,320,380		USD		3,248,406		SCB		07/25/24			—				32,183
THB		155,609,530		USD		4,397,302		CIT		08/23/24			—				81,110
USD		6,218,917		CNY		44,166,745		HSB		04/01/24			107,944				—
UYU		214,972,580		USD		5,527,140		JPM		06/21/24			138,133				—
Total gross unrealized appreciation/depreciation on Forward Currency Contracts												$	897,851			$	595,356

 

Lazard Global Total Return and Income Fund, Inc.

Notes to Portfolio of Investments

March 31, 2024 (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		5.7
Beverages		5.4
Broadline Retail		5.2
Building Products		0.6
Capital Markets		6.5
Communications Equipment		2.1
Consumer Staples Distribution & Retail		0.8
Containers & Packaging		0.9
Electrical Equipment		3.8
Electronic Equipment, Instruments & Components		2.7
Entertainment		1.7
Financial Services		2.2
Health Care Providers & Services		1.2
Hotels, Restaurants & Leisure		1.3
Household Durables		1.3
Household Products		1.6
Insurance		2.7
Interactive Media & Services		5.0
IT Services		2.5
Leisure Products		1.2
Life Sciences Tools & Services		6.2
Machinery		3.7
Media		0.6
Personal Care Products		2.5
Pharmaceuticals		3.8
Professional Services		7.6
Semiconductors & Semiconductor Equipment		6.6
Software		6.4
Specialty Retail		1.3
Textiles, Apparel & Luxury Goods		2.3
Trading Companies & Distributors		1.4
Subtotal		98.0
Foreign Government Obligations		6.4
Short-Term Investments		4.8
Total Investments		109.2	%

 

†	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: May 23, 2024

 

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: May 23, 2024

 

By:	/s/ Christina Kennedy
	Christina Kennedy
	Chief Financial Officer

 

Date: May 23, 2024

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