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Annual Returns of Key Indices

Annual Returns of Key Indices (%; 1998 2017)19981999200020012002200320042005200 6200720082009201020112012201320142015201 62017 Russell 1000 GrowthRussell 2000 GrowthRussell 2000 ValueRussell 2000 ValueBloomberg Barclays US AggMSCIEMMSCIEMMSCIEMMSCIEMMSCIEMB loomberg Barclays US AggMSCIEMR ussell 2000 GrowthBloomberg Barclays US AggMSCIEMR ussell 2000 GrowthS&P 500 Russell 1000 GrowthRussell 2000 ValueMSCI 500 Russell 1000 GrowthBloomberg Barclays US AggBloomberg Barclays US AggMSCIEMR ussell 2000 GrowthRussell 2000 ValueMSCI EAFEMSCI EAFER ussell 1000 GrowthRussell 2000

nna trn of Ini Important Information Originally published on 17 January 2018. Revised and republished on 1 February 2018. This document reflects the views of Lazard Asset Management LLC or its affiliates (“Lazard”) based upon information believed to be reliable as of the publication date.

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