The Lazard Funds, Inc. - Lazard US Sustainable Equity Portfolio
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- Lazard US Sustainable Equity Portfolio Open Shares (SUSLX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks long-term capital appreciation by investing primarily in equity securities of U.S. companies demonstrating strong financials and commitment to sustainable practices, including environmental, social, and governance (ESG) criteria; the portfolio emphasizes large-cap growth stocks selected through a proprietary sustainability framework that integrates fundamental analysis with ESG metrics, targeting sectors such as technology, healthcare, consumer discretionary, and industrials. Core offerings include exposure to companies with competitive advantages in sustainable innovation, such as renewable energy leaders, efficient resource managers, and socially responsible operators, with a focus on reducing carbon intensity and promoting diversity; the fund maintains a diversified portfolio typically holding 40-60 securities, benchmarked against the Russell 1000 Growth Index, and is available to retail and institutional investors through open shares with a minimum investment threshold. Lazard Asset Management, founded in 1848 and headquartered in New York, operates globally across North America, Europe, and Asia, serving institutional clients, financial advisors, and high-net-worth individuals in the asset management industry. Recent developments include enhancements to the fund's ESG integration methodology in 2024, incorporating advanced climate risk modeling and biodiversity metrics amid growing regulatory demands for sustainable disclosures; in late 2024, Lazard announced strategic alliances with leading ESG data providers to bolster analytics, alongside a portfolio reallocation toward AI-driven sustainable tech firms following strong performance attribution from such holdings. No major acquisitions, funding rounds, or name changes have occurred for SUSLX in the past two years, though Lazard's broader firm underwent operational expansions in sustainable strategies to capture rising demand from millennial and Gen Z investors prioritizing impact alongside returns.