Monthly Portfolio Investments Report on Form N-port (public) (nport-p)
20 November 2019 - 3:33AM
Edgar (US Regulatory)
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 811-21751
Lazard World Dividend & 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: 9/30/2019
Lazard World Dividend &
Income Fund, Inc.
Portfolio of Investments
September 30, 2019 (unaudited)
|
Description
|
|
Shares
|
|
|
Fair
Value
|
|
|
Common Stocks | 98.4%
|
|
|
|
|
|
|
|
|
|
Australia | 1.0%
|
|
|
|
|
|
|
|
|
|
Alumina, Ltd.
|
|
|
371,769
|
|
|
$
|
595,166
|
|
|
Brazil | 3.1%
|
|
|
|
|
|
|
|
|
|
BB Seguridade Participacoes SA
|
|
|
138,602
|
|
|
|
1,168,541
|
|
|
CCR SA
|
|
|
155,500
|
|
|
|
645,585
|
|
|
|
|
|
|
|
|
|
1,814,126
|
|
|
Canada | 1.9%
|
|
|
|
|
|
|
|
|
|
Alaris Royalty Corp.
|
|
|
39,650
|
|
|
|
589,280
|
|
|
Suncor Energy, Inc.
|
|
|
15,990
|
|
|
|
504,376
|
|
|
|
|
|
|
|
|
|
1,093,656
|
|
|
China | 3.3%
|
|
|
|
|
|
|
|
|
|
JNBY Design, Ltd.
|
|
|
532,000
|
|
|
|
766,662
|
|
|
Ping An Insurance (Group) Co. of China, Ltd., Class H
|
|
|
99,500
|
|
|
|
1,151,484
|
|
|
|
|
|
|
|
|
|
1,918,146
|
|
|
France | 6.1%
|
|
|
|
|
|
|
|
|
|
Cie de Saint-Gobain
|
|
|
10,893
|
|
|
|
427,888
|
|
|
Engie SA
|
|
|
66,726
|
|
|
|
1,090,160
|
|
|
Faurecia SA
|
|
|
7,253
|
|
|
|
344,826
|
|
|
Gaztransport Et Technigaz SA
|
|
|
7,324
|
|
|
|
725,836
|
|
|
Total SA
|
|
|
19,023
|
|
|
|
990,336
|
|
|
|
|
|
|
|
|
|
3,579,046
|
|
|
Germany | 0.9%
|
|
|
|
|
|
|
|
|
|
Vonovia SE
|
|
|
9,768
|
|
|
|
495,508
|
|
|
Hong Kong | 1.9%
|
|
|
|
|
|
|
|
|
|
Hang Seng Bank, Ltd.
|
|
|
24,100
|
|
|
|
521,399
|
|
|
Sands China, Ltd.
|
|
|
126,800
|
|
|
|
578,947
|
|
|
|
|
|
|
|
|
|
1,100,346
|
|
|
Israel | 1.5%
|
|
|
|
|
|
|
|
|
|
Bank Leumi Le-Israel BM
|
|
|
120,140
|
|
|
|
855,148
|
|
|
Italy | 1.8%
|
|
|
|
|
|
|
|
|
|
Banca Farmafactoring SpA
|
|
|
199,750
|
|
|
|
1,041,325
|
|
|
Japan | 3.3%
|
|
|
|
|
|
|
|
|
|
Amada Holdings Co., Ltd.
|
|
|
50,600
|
|
|
|
549,245
|
|
|
Daiwa House Industry Co., Ltd.
|
|
|
24,100
|
|
|
|
785,241
|
|
|
Tokyo Electron, Ltd.
|
|
|
3,100
|
|
|
|
595,451
|
|
|
|
|
|
|
|
|
|
1,929,937
|
|
|
Mexico | 1.3%
|
|
|
|
|
|
|
|
|
|
Fibra Uno Administracion SA de CV REIT
|
|
|
253,000
|
|
|
|
369,744
|
|
|
Grupo Financiero Banorte SAB de CV, Class O
|
|
|
71,900
|
|
|
|
386,461
|
|
|
|
|
|
|
|
|
|
756,205
|
|
|
Description
|
|
Shares
|
|
|
Fair
Value
|
|
|
Netherlands | 1.1%
|
|
|
|
|
|
|
|
|
|
Royal Dutch Shell PLC, B Shares
|
|
|
22,738
|
|
|
$
|
667,975
|
|
|
Norway | 2.0%
|
|
|
|
|
|
|
|
|
|
Mowi ASA
|
|
|
51,694
|
|
|
|
1,192,631
|
|
|
Portugal | 0.5%
|
|
|
|
|
|
|
|
|
|
Galp Energia SGPS SA
|
|
|
20,881
|
|
|
|
314,084
|
|
|
Russia | 1.5%
|
|
|
|
|
|
|
|
|
|
Moscow Exchange MICEX-RTS PJ (*)
|
|
|
586,221
|
|
|
|
854,633
|
|
|
Singapore | 5.6%
|
|
|
|
|
|
|
|
|
|
BOC Aviation, Ltd.
|
|
|
81,800
|
|
|
|
756,705
|
|
|
DBS Group Holdings, Ltd.
|
|
|
76,900
|
|
|
|
1,386,010
|
|
|
NetLink NBN Trust
|
|
|
1,786,100
|
|
|
|
1,150,169
|
|
|
|
|
|
|
|
|
|
3,292,884
|
|
|
South Africa | 0.4%
|
|
|
|
|
|
|
|
|
|
Standard Bank Group, Ltd.
|
|
|
22,564
|
|
|
|
260,642
|
|
|
South Korea | 2.4%
|
|
|
|
|
|
|
|
|
|
Samsung Electronics Co., Ltd.
|
|
|
11,330
|
|
|
|
462,263
|
|
|
Woongjin Coway Co., Ltd.
|
|
|
13,005
|
|
|
|
920,560
|
|
|
|
|
|
|
|
|
|
1,382,823
|
|
|
Switzerland | 1.6%
|
|
|
|
|
|
|
|
|
|
ABB, Ltd.
|
|
|
48,015
|
|
|
|
943,076
|
|
|
Taiwan | 2.0%
|
|
|
|
|
|
|
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
|
|
|
13,225
|
|
|
|
614,698
|
|
|
Tripod Technology Corp.
|
|
|
161,000
|
|
|
|
582,827
|
|
|
|
|
|
|
|
|
|
1,197,525
|
|
|
United Kingdom | 3.7%
|
|
|
|
|
|
|
|
|
|
Cineworld Group PLC
|
|
|
159,812
|
|
|
|
447,932
|
|
|
Legal & General Group PLC
|
|
|
117,682
|
|
|
|
359,324
|
|
|
Rio Tinto PLC
|
|
|
26,204
|
|
|
|
1,361,089
|
|
|
|
|
|
|
|
|
|
2,168,345
|
|
|
United States | 51.5%
|
|
|
|
|
|
|
|
|
|
Accenture PLC, Class A
|
|
|
5,209
|
|
|
|
1,001,951
|
|
|
Analog Devices, Inc.
|
|
|
3,018
|
|
|
|
337,201
|
|
|
AT&T, Inc.
|
|
|
19,053
|
|
|
|
720,966
|
|
|
Blackstone Mortgage Trust, Inc., Class A REIT
|
|
|
31,889
|
|
|
|
1,143,221
|
|
|
Bristol-Myers Squibb Co.
|
|
|
9,600
|
|
|
|
486,816
|
|
|
Brixmor Property Group, Inc. REIT
|
|
|
71,940
|
|
|
|
1,459,663
|
|
|
Camden Property Trust REIT
|
|
|
2,850
|
|
|
|
316,379
|
|
|
Carter’s, Inc.
|
|
|
6,500
|
|
|
|
592,865
|
|
|
Chevron Corp.
|
|
|
5,414
|
|
|
|
642,100
|
|
|
Cisco Systems, Inc.
|
|
|
34,730
|
|
|
|
1,716,009
|
|
|
Citizens Financial Group, Inc.
|
|
|
17,445
|
|
|
|
617,030
|
|
|
Eaton Corp. PLC
|
|
|
33,054
|
|
|
|
2,748,440
|
|
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares
|
|
|
Fair
Value
|
|
|
Exelon Corp.
|
|
|
13,000
|
|
|
$
|
628,030
|
|
|
Gilead Sciences, Inc.
|
|
|
7,260
|
|
|
|
460,139
|
|
|
Intel Corp.
|
|
|
9,430
|
|
|
|
485,928
|
|
|
International Game Technology PLC
|
|
|
25,000
|
|
|
|
355,250
|
|
|
Johnson & Johnson
|
|
|
8,359
|
|
|
|
1,081,487
|
|
|
JPMorgan Chase & Co.
|
|
|
7,977
|
|
|
|
938,813
|
|
|
Kimberly-Clark Corp.
|
|
|
4,200
|
|
|
|
596,610
|
|
|
Leggett & Platt, Inc.
|
|
|
28,271
|
|
|
|
1,157,415
|
|
|
Lowe’s Cos., Inc.
|
|
|
4,550
|
|
|
|
500,318
|
|
|
Medtronic PLC
|
|
|
7,973
|
|
|
|
866,027
|
|
|
MetLife, Inc.
|
|
|
8,600
|
|
|
|
405,576
|
|
|
Microsoft Corp.
|
|
|
10,460
|
|
|
|
1,454,254
|
|
|
PacWest Bancorp
|
|
|
20,174
|
|
|
|
733,123
|
|
|
Pattern Energy Group, Inc., Class A
|
|
|
21,135
|
|
|
|
569,166
|
|
|
Pfizer, Inc.
|
|
|
49,309
|
|
|
|
1,771,672
|
|
|
Raytheon Co.
|
|
|
3,380
|
|
|
|
663,122
|
|
|
Skyworks Solutions, Inc.
|
|
|
5,350
|
|
|
|
423,987
|
|
|
Tapestry, Inc.
|
|
|
16,065
|
|
|
|
418,493
|
|
|
Texas Instruments, Inc.
|
|
|
4,789
|
|
|
|
618,930
|
|
|
The Boeing Co.
|
|
|
2,080
|
|
|
|
791,378
|
|
|
The Coca-Cola Co.
|
|
|
19,090
|
|
|
|
1,039,260
|
|
|
United Technologies Corp.
|
|
|
5,966
|
|
|
|
814,478
|
|
|
Valero Energy Corp.
|
|
|
7,230
|
|
|
|
616,285
|
|
|
Verizon Communications, Inc.
|
|
|
15,980
|
|
|
|
964,553
|
|
|
|
|
|
|
|
|
|
30,136,935
|
|
Total Common Stocks
(Cost $55,068,476)
|
|
|
|
|
|
|
57,590,162
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Principal
Amount
(000) («)
|
|
|
Fair
Value
|
|
|
Foreign Government Obligations | 13.6%
|
|
|
|
|
|
|
|
|
|
Brazil | 3.0%
|
|
|
|
|
|
|
|
|
Brazil NTN-B,
6.00%, 05/15/23
|
|
|
1,150
|
|
|
$
|
1,012,630
|
|
Brazil NTN-F,
10.00%, 01/01/27
|
|
|
2,656
|
|
|
|
749,459
|
|
|
|
|
|
|
|
|
|
1,762,089
|
|
|
Dominican Republic | 2.9%
|
|
|
|
|
|
|
|
|
|
Dominican Republic Bonds:
|
|
|
|
|
|
|
|
|
|
15.95%, 06/04/21 (#)
|
|
|
16,500
|
|
|
|
354,541
|
|
|
16.95%, 02/04/22 (#)
|
|
|
26,100
|
|
|
|
588,924
|
|
|
8.90%, 02/15/23
|
|
|
24,000
|
|
|
|
462,577
|
|
|
10.50%, 04/07/23
|
|
|
13,900
|
|
|
|
281,795
|
|
|
|
|
|
|
|
|
|
1,687,837
|
|
|
Description
|
|
Principal
Amount
(000) («)
|
|
|
Fair
Value
|
|
|
Egypt | 3.7%
|
|
|
|
|
|
|
|
|
|
Egypt Treasury Bills:
|
|
|
|
|
|
|
|
|
|
0.00%, 11/05/19
|
|
|
3,475
|
|
|
$
|
210,043
|
|
|
0.00%, 05/12/20
|
|
|
34,850
|
|
|
|
1,956,589
|
|
|
|
|
|
|
|
|
|
2,166,632
|
|
|
Indonesia | 0.9%
|
|
|
|
|
|
|
|
|
Indonesia Government Bonds,
8.37%, 09/15/26
|
|
|
6,853,000
|
|
|
|
515,212
|
|
|
Malaysia | 0.9%
|
|
|
|
|
|
|
|
|
|
Malaysia Government Bonds:
|
|
|
|
|
|
|
|
|
|
3.65%, 10/31/19
|
|
|
2,156
|
|
|
|
515,151
|
|
|
3.62%, 11/30/21
|
|
|
170
|
|
|
|
40,990
|
|
|
|
|
|
|
|
|
|
556,141
|
|
|
Russia | 2.2%
|
|
|
|
|
|
|
|
|
|
Russia Government Bonds - OFZ:
|
|
|
|
|
|
|
|
|
|
7.95%, 10/07/26
|
|
|
22,440
|
|
|
|
368,237
|
|
|
7.05%, 01/19/28
|
|
|
57,800
|
|
|
|
903,473
|
|
|
|
|
|
|
|
|
|
1,271,710
|
|
Total Foreign Government Obligations
(Cost $8,102,559)
|
|
|
|
|
|
|
7,959,621
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Shares
|
|
|
Fair
Value
|
|
|
Short-Term Investments | 1.0%
|
|
|
|
|
|
|
|
|
State Street Institutional Treasury Money Market Fund, Premier Class,
1.95% (7 day yield)
(Cost $603,758)
|
|
|
603,758
|
|
|
$
|
603,758
|
|
Total Investments | 113.0%
(Cost $63,774,793)
(»)
|
|
|
|
|
|
$
|
66,153,541
|
|
|
Liabilities in
Excess of Cash and Other Assets | (13.0)%
|
|
|
|
|
|
|
(7,590,655)
|
|
|
Net Assets | 100.0%
|
|
|
|
|
|
$
|
58,562,886
|
|
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2019 (unaudited)
Forward Currency Contracts open at September 30, 2019
Currency
Purchased
|
|
Quantity
|
|
Currency
Sold
|
|
Quantity
|
|
Counterparty
|
|
Settlement
Date
|
|
Unrealized
Appreciation
|
|
|
Unrealized
Depreciation
|
|
|
AUD
|
|
576,000
|
|
USD
|
|
391,957
|
|
BNP
|
|
10/21/19
|
|
$
|
—
|
|
|
$
|
2,923
|
|
|
BRL
|
|
146,500
|
|
USD
|
|
35,627
|
|
BNP
|
|
05/18/20
|
|
|
—
|
|
|
|
850
|
|
|
BRL
|
|
731,224
|
|
USD
|
|
178,000
|
|
CIT
|
|
11/08/19
|
|
|
—
|
|
|
|
2,456
|
|
|
CLP
|
|
720,564,300
|
|
USD
|
|
1,010,000
|
|
BNP
|
|
11/15/19
|
|
|
—
|
|
|
|
20,921
|
|
|
CLP
|
|
329,415,400
|
|
USD
|
|
466,000
|
|
CIT
|
|
10/18/19
|
|
|
—
|
|
|
|
14,088
|
|
|
CNY
|
|
8,795,689
|
|
USD
|
|
1,237,000
|
|
CIT
|
|
11/08/19
|
|
|
—
|
|
|
|
1,997
|
|
|
CNY
|
|
382,000
|
|
USD
|
|
53,144
|
|
HSB
|
|
12/05/19
|
|
|
404
|
|
|
|
—
|
|
|
COP
|
|
3,770,850,000
|
|
USD
|
|
1,093,000
|
|
SCB
|
|
12/13/19
|
|
|
—
|
|
|
|
13,078
|
|
|
CZK
|
|
15,339,000
|
|
USD
|
|
674,320
|
|
CIT
|
|
06/08/20
|
|
|
—
|
|
|
|
24,444
|
|
|
CZK
|
|
17,042,000
|
|
USD
|
|
748,981
|
|
SCB
|
|
06/08/20
|
|
|
—
|
|
|
|
26,954
|
|
|
EUR
|
|
257,000
|
|
USD
|
|
284,816
|
|
SCB
|
|
10/07/19
|
|
|
—
|
|
|
|
4,592
|
|
|
GHS
|
|
3,111,175
|
|
USD
|
|
576,613
|
|
CIT
|
|
10/02/19
|
|
|
64
|
|
|
|
—
|
|
|
GHS
|
|
3,111,175
|
|
USD
|
|
557,808
|
|
CIT
|
|
01/02/20
|
|
|
—
|
|
|
|
364
|
|
|
GHS
|
|
4,071,925
|
|
USD
|
|
737,000
|
|
JPM
|
|
10/02/19
|
|
|
17,759
|
|
|
|
—
|
|
|
HUF
|
|
250,053,000
|
|
USD
|
|
828,868
|
|
CIT
|
|
03/27/20
|
|
|
—
|
|
|
|
6,402
|
|
|
IDR
|
|
4,544,933,000
|
|
USD
|
|
323,000
|
|
HSB
|
|
11/15/19
|
|
|
—
|
|
|
|
4,025
|
|
|
IDR
|
|
5,718,570,000
|
|
USD
|
|
403,000
|
|
HSB
|
|
11/15/19
|
|
|
—
|
|
|
|
1,657
|
|
|
ILS
|
|
1,033,000
|
|
USD
|
|
294,157
|
|
SCB
|
|
10/25/19
|
|
|
3,347
|
|
|
|
—
|
|
|
INR
|
|
77,430,273
|
|
USD
|
|
1,121,000
|
|
CIT
|
|
10/11/19
|
|
|
—
|
|
|
|
27,206
|
|
|
INR
|
|
649,674
|
|
USD
|
|
9,000
|
|
CIT
|
|
11/08/19
|
|
|
156
|
|
|
|
—
|
|
|
INR
|
|
29,244,275
|
|
USD
|
|
410,000
|
|
CIT
|
|
02/06/20
|
|
|
—
|
|
|
|
2,596
|
|
|
INR
|
|
16,385,995
|
|
USD
|
|
227,000
|
|
HSB
|
|
10/11/19
|
|
|
4,472
|
|
|
|
—
|
|
|
KES
|
|
30,681,670
|
|
USD
|
|
293,942
|
|
CIT
|
|
10/28/19
|
|
|
23
|
|
|
|
—
|
|
|
KZT
|
|
230,308,400
|
|
USD
|
|
581,000
|
|
HSB
|
|
01/15/20
|
|
|
—
|
|
|
|
1,863
|
|
|
KZT
|
|
323,850,500
|
|
USD
|
|
823,000
|
|
SCB
|
|
10/30/19
|
|
|
6,259
|
|
|
|
—
|
|
|
MXN
|
|
6,624,000
|
|
USD
|
|
336,674
|
|
HSB
|
|
10/31/19
|
|
|
—
|
|
|
|
2,622
|
|
|
MXN
|
|
7,517,000
|
|
USD
|
|
388,238
|
|
HSB
|
|
10/31/19
|
|
|
—
|
|
|
|
9,152
|
|
|
PEN
|
|
2,834,948
|
|
USD
|
|
830,000
|
|
HSB
|
|
11/07/19
|
|
|
10,037
|
|
|
|
—
|
|
|
PEN
|
|
2,159,630
|
|
USD
|
|
638,000
|
|
JPM
|
|
10/04/19
|
|
|
2,709
|
|
|
|
—
|
|
|
PHP
|
|
28,944,020
|
|
USD
|
|
550,162
|
|
JPM
|
|
03/31/20
|
|
|
4,002
|
|
|
|
—
|
|
|
PLN
|
|
4,439,000
|
|
USD
|
|
1,120,515
|
|
CIT
|
|
10/07/19
|
|
|
—
|
|
|
|
13,499
|
|
|
RUB
|
|
16,869,000
|
|
USD
|
|
253,193
|
|
BNP
|
|
10/16/19
|
|
|
6,483
|
|
|
|
—
|
|
|
RUB
|
|
20,179,110
|
|
USD
|
|
307,000
|
|
CIT
|
|
10/16/19
|
|
|
3,631
|
|
|
|
—
|
|
|
RUB
|
|
26,595,824
|
|
USD
|
|
397,000
|
|
HSB
|
|
10/16/19
|
|
|
12,408
|
|
|
|
—
|
|
|
SGD
|
|
1,393,000
|
|
USD
|
|
1,010,885
|
|
SCB
|
|
10/18/19
|
|
|
—
|
|
|
|
2,863
|
|
|
THB
|
|
24,625,960
|
|
USD
|
|
809,000
|
|
HSB
|
|
11/22/19
|
|
|
—
|
|
|
|
3,099
|
|
|
TRY
|
|
2,525,000
|
|
USD
|
|
439,940
|
|
BNP
|
|
10/24/19
|
|
|
3,624
|
|
|
|
—
|
|
|
TRY
|
|
2,416,000
|
|
USD
|
|
366,460
|
|
HSB
|
|
07/02/20
|
|
|
28,324
|
|
|
|
—
|
|
|
UGX
|
|
1,658,228,000
|
|
USD
|
|
446,000
|
|
CIT
|
|
11/18/19
|
|
|
—
|
|
|
|
250
|
|
|
USD
|
|
2,082,237
|
|
AUD
|
|
3,068,000
|
|
BNP
|
|
10/21/19
|
|
|
10,088
|
|
|
|
—
|
|
|
USD
|
|
301,000
|
|
BRL
|
|
1,238,164
|
|
CIT
|
|
05/18/20
|
|
|
7,083
|
|
|
|
—
|
|
|
USD
|
|
86,072
|
|
CZK
|
|
1,992,000
|
|
CIT
|
|
06/08/20
|
|
|
1,676
|
|
|
|
—
|
|
|
USD
|
|
318,307
|
|
CZK
|
|
7,340,000
|
|
CIT
|
|
06/08/20
|
|
|
7,329
|
|
|
|
—
|
|
|
USD
|
|
424,000
|
|
CZK
|
|
9,787,616
|
|
CIT
|
|
06/08/20
|
|
|
9,323
|
|
|
|
—
|
|
|
USD
|
|
295,771
|
|
CZK
|
|
6,708,000
|
|
SCB
|
|
06/08/20
|
|
|
11,570
|
|
|
|
—
|
|
|
USD
|
|
380,000
|
|
DOP
|
|
19,758,290
|
|
CIT
|
|
11/29/19
|
|
|
2,660
|
|
|
|
—
|
|
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (concluded)
September 30, 2019 (unaudited)
Forward Currency Contracts open at September 30, 2019 (concluded)
Currency
Purchased
|
|
Quantity
|
|
Currency
Sold
|
|
Quantity
|
|
Counterparty
|
|
Settlement
Date
|
|
Unrealized
Appreciation
|
|
|
Unrealized
Depreciation
|
|
|
USD
|
|
282,781
|
|
EUR
|
|
257,000
|
|
HSB
|
|
10/07/19
|
|
$
|
2,557
|
|
|
$
|
—
|
|
|
USD
|
|
175,000
|
|
GHS
|
|
960,750
|
|
CIT
|
|
10/02/19
|
|
|
—
|
|
|
|
3,082
|
|
|
USD
|
|
574,282
|
|
GHS
|
|
3,111,175
|
|
CIT
|
|
10/02/19
|
|
|
—
|
|
|
|
2,395
|
|
|
USD
|
|
554,000
|
|
KZT
|
|
216,004,600
|
|
SCB
|
|
10/30/19
|
|
|
893
|
|
|
|
—
|
|
|
USD
|
|
186,974
|
|
RUB
|
|
12,407,000
|
|
BNP
|
|
10/16/19
|
|
|
—
|
|
|
|
4,016
|
|
|
USD
|
|
475,000
|
|
RUB
|
|
30,486,688
|
|
CIT
|
|
10/16/19
|
|
|
5,698
|
|
|
|
—
|
|
|
USD
|
|
180,160
|
|
RUB
|
|
11,428,000
|
|
HSB
|
|
10/16/19
|
|
|
4,241
|
|
|
|
—
|
|
|
USD
|
|
377,428
|
|
TRY
|
|
2,416,000
|
|
SCB
|
|
07/02/20
|
|
|
—
|
|
|
|
17,355
|
|
|
USD
|
|
702,195
|
|
ZAR
|
|
10,763,000
|
|
CIT
|
|
11/08/19
|
|
|
—
|
|
|
|
5,057
|
|
|
USD
|
|
52,046
|
|
ZAR
|
|
800,000
|
|
HSB
|
|
11/08/19
|
|
|
—
|
|
|
|
523
|
|
|
USD
|
|
294,236
|
|
ZAR
|
|
4,411,000
|
|
HSB
|
|
11/08/19
|
|
|
4,383
|
|
|
|
—
|
|
|
UYU
|
|
8,918,400
|
|
USD
|
|
240,000
|
|
CIT
|
|
11/06/19
|
|
|
—
|
|
|
|
189
|
|
|
UYU
|
|
19,027,942
|
|
USD
|
|
547,000
|
|
HSB
|
|
10/04/19
|
|
|
—
|
|
|
|
32,518
|
|
|
UYU
|
|
13,447,544
|
|
USD
|
|
356,000
|
|
HSB
|
|
05/29/20
|
|
|
—
|
|
|
|
10,412
|
|
|
ZAR
|
|
4,322,000
|
|
USD
|
|
281,836
|
|
HSB
|
|
11/08/19
|
|
|
2,169
|
|
|
|
—
|
|
|
ZAR
|
|
15,752,000
|
|
USD
|
|
1,030,110
|
|
HSB
|
|
11/08/19
|
|
|
4,977
|
|
|
|
—
|
|
|
Total gross unrealized appreciation/depreciation on Forward Currency Contracts
|
|
$
|
178,349
|
|
|
$
|
263,448
|
|
Currency Abbreviations:
|
AUD
|
— Australian Dollar
|
|
BRL
|
— Brazilian Real
|
|
CLP
|
— Chilean Peso
|
|
CNY
|
— Chinese Renminbi
|
|
COP
|
— Colombian Peso
|
|
CZK
|
— Czech Koruna
|
|
DOP
|
— Dominican Republic Peso
|
|
EUR
|
— Euro
|
|
GHS
|
— Ghanaian Cedi
|
|
HUF
|
— Hungarian Forint
|
|
IDR
|
— Indonesian Rupiah
|
|
ILS
|
— Israeli Shekel
|
|
INR
|
— Indian Rupee
|
|
KES
|
— Kenyan Shilling
|
|
KZT
|
— Kazakhstan Tenge
|
|
MXN
|
— Mexican New Peso
|
|
PEN
|
— Peruvian New Sol
|
|
PHP
|
— Philippine Peso
|
|
PLN
|
— Polish Zloty
|
|
RUB
|
— Russian Ruble
|
|
SGD
|
— Singapore Dollar
|
|
THB
|
— Thai Baht
|
|
TRY
|
— New Turkish Lira
|
|
UGX
|
— Ugandan Shilling
|
|
USD
|
— United States Dollar
|
|
UYU
|
— Uruguayan Peso
|
|
ZAR
|
— South African Rand
|
Counterparty Abbreviations:
|
BNP
|
— BNP Paribas SA
|
|
CIT
|
— Citibank NA
|
|
HSB
|
— HSBC Bank USA NA
|
|
JPM
|
— JPMorgan Chase Bank NA
|
|
SCB
|
— Standard Chartered Bank
|
Lazard World Dividend & Income Fund, Inc.
Notes to Portfolio of Investments
September 30, 2019 (unaudited)
|
(*)
|
Non-income producing security.
|
|
(«)
|
Principal amount denominated in respective country’s currency.
|
|
(#)
|
Pursuant to Rule 144A under the Securities Act of 1933, these securities may only be traded among “qualified institutional
buyers.” At September 31, 2019, these securities amounted to 1.6% of net assets.
|
|
(»)
|
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
|
|
NTN-B
|
- Brazil Sovereign “Nota do Tesouro Nacional” Series B
|
|
NTN-F
|
- Brazil Sovereign “Nota do Tesouro Nacional” Series F
|
|
REIT
|
- Real Estate Investment Trust
|
Portfolio holdings by industry† (as
a percentage of net assets):
|
Common Stocks
|
|
|
|
|
|
Aerospace & Defense
|
|
|
3.9
|
%
|
|
Auto Components
|
|
|
0.6
|
|
|
Banks
|
|
|
9.7
|
|
|
Beverages
|
|
|
1.8
|
|
|
Biotechnology
|
|
|
0.8
|
|
|
Building Products
|
|
|
0.7
|
|
|
Capital Markets
|
|
|
2.5
|
|
|
Communications Equipment
|
|
|
2.9
|
|
|
Diversified Financial Services
|
|
|
1.8
|
|
|
Diversified Telecommunication Services
|
|
|
4.8
|
|
|
Electric Utilities
|
|
|
1.1
|
|
|
Electrical Equipment
|
|
|
6.3
|
|
|
Electronic Equipment, Instruments & Components
|
|
|
1.0
|
|
|
Entertainment
|
|
|
0.8
|
|
|
Equity Real Estate Investment Trusts (REITs)
|
|
|
3.7
|
|
|
Food Products
|
|
|
2.0
|
|
|
Health Care Equipment & Supplies
|
|
|
1.5
|
|
|
Hotels, Restaurants & Leisure
|
|
|
1.6
|
|
|
Household Durables
|
|
|
3.5
|
|
|
Household Products
|
|
|
1.0
|
|
|
Independent Power & Renewable Electricity Producers
|
|
|
1.0
|
|
|
Insurance
|
|
|
5.3
|
|
|
IT Services
|
|
|
1.7
|
|
|
Machinery
|
|
|
0.9
|
|
|
Metals & Mining
|
|
|
3.3
|
|
|
Mortgage Real Estate Investment Trusts (REITs)
|
|
|
1.9
|
|
|
Multi-Utilities
|
|
|
1.9
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
7.6
|
|
|
Pharmaceuticals
|
|
|
5.7
|
|
|
Real Estate Management & Development
|
|
|
2.2
|
|
|
Semiconductors & Semiconductor Equipment
|
|
|
5.3
|
|
|
Software
|
|
|
2.5
|
|
|
Specialty Retail
|
|
|
0.9
|
|
|
Technology Hardware, Storage & Peripherals
|
|
|
0.8
|
|
|
Textiles, Apparel & Luxury Goods
|
|
|
3.0
|
|
|
Trading Companies & Distributors
|
|
|
1.3
|
|
|
Transportation Infrastructure
|
|
|
1.1
|
|
|
Subtotal
|
|
|
98.4
|
|
|
Foreign Government Obligations
|
|
|
13.6
|
|
|
Short-Term Investments
|
|
|
1.0
|
|
|
Total Investments
|
|
|
113.0
|
%
|
† 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 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 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 World Dividend & Income Fund, Inc.
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By:
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/s/ Nathan A. Paul
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Nathan A. Paul
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Chief Executive Officer
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Date: November 25, 2019
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.
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By:
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/s/ Nathan A. Paul
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Nathan A. Paul
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Chief Executive Officer
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Date: November 25, 2019
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By:
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/s/ Christopher Snively
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Christopher Snively
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Chief Financial Officer
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Date: November 25, 2019
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