UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
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)
Nathan A. Paul, 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: 9/30/2016
Item 1. Schedule of Investments.
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments
September 30, 2016 (unaudited)
| Description | Shares | Fair Value | ||||||
| Common Stocks | 101.0% | ||||||||
| Australia | 0.9% | ||||||||
| BHP Billiton, Ltd. Sponsored ADR | 38,500 | $ | 1,334,025 | |||||
| Denmark | 2.5% | ||||||||
| Novo Nordisk A/S Sponsored ADR | 91,500 | 3,805,485 | ||||||
| Finland | 1.6% | ||||||||
| Sampo Oyj, A Shares ADR | 109,500 | 2,427,615 | ||||||
| France | 5.5% | ||||||||
| Engie SA Sponsored ADR | 75,981 | 1,188,343 | ||||||
| Sanofi ADR | 105,200 | 4,017,588 | ||||||
| TOTAL SA Sponsored ADR | 64,834 | 3,092,582 | ||||||
| 8,298,513 | ||||||||
| Germany | 5.9% | ||||||||
| Bayerische Motoren Werke AG Sponsored ADR (a) | 124,900 | 3,503,445 | ||||||
| SAP SE Sponsored ADR | 59,300 | 5,420,613 | ||||||
| 8,924,058 | ||||||||
| Italy | 1.4% | ||||||||
| Eni SpA Sponsored ADR | 74,250 | 2,143,598 | ||||||
| Japan | 5.0% | ||||||||
| Canon, Inc. Sponsored ADR | 44,700 | 1,297,641 | ||||||
| Mitsubishi UFJ Financial Group, Inc. Sponsored ADR | 712,600 | 3,598,630 | ||||||
| Sumitomo Mitsui Financial Group, Inc. Sponsored ADR | 393,600 | 2,656,800 | ||||||
| 7,553,071 | ||||||||
| Singapore | 3.0% | ||||||||
| Singapore Telecommunications, Ltd. ADR | 151,100 | 4,446,873 | ||||||
| Sweden | 3.5% | ||||||||
| Assa Abloy AB ADR | 523,000 | 5,279,685 | ||||||
| Switzerland | 5.1% | ||||||||
| Novartis AG Sponsored ADR | 38,700 | 3,055,752 | ||||||
| UBS Group AG | 158,359 | 2,156,849 | ||||||
| Zurich Insurance Group AG ADR | 92,500 | 2,385,492 | ||||||
| 7,598,093 | ||||||||
| United Kingdom | 15.3% | ||||||||
| BP PLC Sponsored ADR | 105,591 | 3,712,580 | ||||||
| British American Tobacco PLC Sponsored ADR | 37,700 | 4,812,405 | ||||||
| GlaxoSmithKline PLC Sponsored ADR | 80,200 | 3,459,026 | ||||||
| HSBC Holdings PLC Sponsored ADR | 124,399 | 4,678,646 | ||||||
| Unilever PLC Sponsored ADR | 99,100 | 4,697,340 | ||||||
| Wm Morrison Supermarkets PLC ADR | 120,300 | 1,697,433 | ||||||
| 23,057,430 | ||||||||
| Description | Shares | Fair | ||||||
| United States | 51.3% | ||||||||
| American Express Co. | 43,800 | $ | 2,804,952 | |||||
| Apple, Inc. | 50,200 | 5,675,110 | ||||||
| Chevron Corp. | 46,000 | 4,734,320 | ||||||
| Cisco Systems, Inc. | 177,700 | 5,636,644 | ||||||
| Citigroup, Inc. | 106,400 | 5,025,272 | ||||||
| ConocoPhillips | 53,100 | 2,308,257 | ||||||
| Emerson Electric Co. | 67,600 | 3,684,876 | ||||||
| Halliburton Co. | 89,900 | 4,034,712 | ||||||
| Honeywell International, Inc. | 37,200 | 4,337,148 | ||||||
| Intel Corp. | 104,100 | 3,929,775 | ||||||
| International Business Machines Corp. | 38,460 | 6,109,371 | ||||||
| Merck & Co., Inc. | 75,300 | 4,699,473 | ||||||
| PepsiCo, Inc. | 41,100 | 4,470,447 | ||||||
| Pfizer, Inc. | 149,766 | 5,072,574 | ||||||
| Reynolds American, Inc. | 110,000 | 5,186,500 | ||||||
| United Technologies Corp. | 33,400 | 3,393,440 | ||||||
| Viacom, Inc., Class B | 46,800 | 1,783,080 | ||||||
| Wal-Mart Stores, Inc. | 62,800 | 4,529,136 | ||||||
| 77,415,087 | ||||||||
| Total Common Stocks (Cost $142,894,854) | 152,283,533 | |||||||
| Description | Principal | Fair | ||||||
| Foreign Government Obligations | 14.2% | ||||||||
| Brazil | 2.5% | ||||||||
| Brazil NTN-B: | ||||||||
| 6.00%, 08/15/20 | 2,113 | $ | 1,909,577 | |||||
| 6.00%, 08/15/26 | 1,310 | 1,192,383 | ||||||
| 6.00%, 05/15/35 | 810 | 745,719 | ||||||
| 3,847,679 | ||||||||
| Colombia | 1.0% | ||||||||
| Colombian Titulos De Tesoreria: | ||||||||
| 7.00%, 05/04/22 | 3,240,000 | 1,139,402 | ||||||
| 10.00%, 07/24/24 | 951,000 | 390,951 | ||||||
| 1,530,353 | ||||||||
| Hungary | 1.0% | ||||||||
| Hungary Government
Bond, 7.50%, 11/12/20 | 321,000 | 1,445,138 | ||||||
| Indonesia | 1.6% | ||||||||
| Indonesia Government Bonds: | ||||||||
| 7.875%, 04/15/19 | 16,553,000 | 1,301,702 | ||||||
| 8.375%, 09/15/26 | 13,313,000 | 1,113,412 | ||||||
| 2,415,114 | ||||||||
| Malaysia | 1.0% | ||||||||
| Malaysia Government
Bond, 3.80%, 08/17/23 | 6,450 | 1,593,065 | ||||||
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2016 (unaudited)
| Description | Principal | Fair | ||||||
| Mexico | 2.6% | ||||||||
| Mexican Bonos: | ||||||||
| 6.50%, 06/10/21 | 39,180 | $ | 2,077,191 | |||||
| 5.75%, 03/05/26 | 13,620 | 688,622 | ||||||
| Mexican Udibonos, 2.50%, 12/10/20 | 22,583 | 1,164,795 | ||||||
| 3,930,608 | ||||||||
| Russia | 2.1% | ||||||||
| Russia Government Bonds - OFZ: | ||||||||
| 7.50%, 08/18/21 | 102,800 | 1,590,660 | ||||||
| 7.60%, 07/20/22 | 102,200 | 1,581,818 | ||||||
| 3,172,478 | ||||||||
| Serbia | 0.5% | ||||||||
| Serbia Treasury Bond, 6.00%, 02/22/19 | 80,000 | 753,311 | ||||||
| South Africa | 0.3% | ||||||||
| Republic of South Africa, 10.50%, 12/21/26 | 5,220 | 427,131 | ||||||
| Turkey | 1.0% | ||||||||
| Turkey Government Bond, 4.00%, 04/01/20 | 4,193 | 1,469,799 | ||||||
| Uganda | 0.6% | ||||||||
| Uganda Government Bonds: | ||||||||
| 18.375%, 02/18/21 | 1,736,200 | 535,763 | ||||||
| 16.50%, 05/13/21 | 1,097,100 | 321,999 | ||||||
| 857,762 | ||||||||
| Total Foreign Government Obligations (Cost $21,568,857) | 21,442,438 | |||||||
| Description | Shares |
| ||||||
| Short-Term Investment | 0.3% | ||||||||
| State Street Institutional Treasury Money Market Fund, Premier Class, 0.19% (7 day yield) | 430,755 | $ | 430,755 | |||||
| Total Investments | 115.5% (Cost $164,894,466) (c), (d) | $ | 174,156,726 | ||||||
| Liabilities in Excess of Cash and Other Assets | (15.5)% | (23,324,749) | |||||||
| Net Assets | 100.0% | $ | 150,831,977 | ||||||
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2016 (unaudited)
Forward Currency Contracts open at September 30, 2016:
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| ARS | 9,304,690 | USD | 603,417 | BNP | 10/28/16 | $ | — | $ | 4,864 | |||||||||
| ARS | 17,316,000 | USD | 1,110,000 | BNP | 11/02/16 | 1,138 | — | |||||||||||
| ARS | 20,016,990 | USD | 1,288,509 | CIT | 10/31/16 | — | 2,775 | |||||||||||
| ARS | 6,138,000 | USD | 396,000 | CIT | 11/09/16 | — | 3,540 | |||||||||||
| BRL | 1,009,385 | USD | 293,000 | BNP | 10/11/16 | 16,718 | — | |||||||||||
| BRL | 2,265,432 | USD | 689,000 | BNP | 10/19/16 | 4,567 | — | |||||||||||
| BRL | 2,506,439 | USD | 767,316 | JPM | 10/11/16 | 1,754 | — | |||||||||||
| BRL | 1,523,090 | USD | 446,000 | JPM | 01/20/17 | 7,752 | — | |||||||||||
| CLP | 505,835,000 | USD | 748,000 | BNP | 10/07/16 | 21,059 | — | |||||||||||
| COP | 82,220,000 | USD | 27,961 | CIT | 10/03/16 | 554 | — | |||||||||||
| COP | 1,680,156,000 | USD | 564,000 | CIT | 10/03/16 | 18,710 | — | |||||||||||
| COP | 3,341,701,000 | USD | 1,121,000 | HSB | 11/04/16 | 30,971 | — | |||||||||||
| COP | 3,300,000,000 | USD | 1,100,000 | JPM | 10/18/16 | 41,443 | — | |||||||||||
| DOP | 13,880,430 | USD | 300,898 | CIT | 10/06/16 | — | 57 | |||||||||||
| DOP | 21,547,820 | USD | 464,894 | CIT | 10/07/16 | 2,147 | — | |||||||||||
| DOP | 30,682,000 | USD | 663,538 | CIT | 10/28/16 | 2,048 | — | |||||||||||
| DOP | 37,520,000 | USD | 805,150 | CIT | 10/31/16 | 8,659 | — | |||||||||||
| EGP | 5,986,920 | USD | 604,739 | BNP | 11/30/16 | — | 62,776 | |||||||||||
| EGP | 6,288,400 | USD | 632,000 | BNP | 11/30/16 | — | 62,745 | |||||||||||
| EGP | 7,148,700 | USD | 676,000 | BNP | 02/24/17 | — | 78,363 | |||||||||||
| EUR | 731,000 | PLN | 3,146,224 | JPM | 10/20/16 | — | 687 | |||||||||||
| EUR | 993,000 | USD | 1,117,125 | CAB | 11/28/16 | 1,107 | — | |||||||||||
| EUR | 964,394 | USD | 1,093,390 | JPM | 11/01/16 | — | 8,629 | |||||||||||
| EUR | 2,006,196 | USD | 2,260,000 | JPM | 11/01/16 | — | 3,407 | |||||||||||
| GHS | 1,904,175 | USD | 403,000 | BRC | 07/17/17 | 834 | — | |||||||||||
| GHS | 1,893,900 | USD | 472,000 | CIT | 10/11/16 | 3,988 | — | |||||||||||
| GHS | 1,638,000 | USD | 364,000 | CIT | 04/06/17 | 4,376 | — | |||||||||||
| HUF | 314,900,858 | USD | 1,143,722 | CIT | 10/07/16 | 4,770 | — | |||||||||||
| IDR | 3,254,720,000 | USD | 224,000 | CIT | 03/22/17 | 19,434 | — | |||||||||||
| IDR | 10,632,400,000 | USD | 760,000 | CIT | 03/22/17 | 35,241 | — | |||||||||||
| IDR | 9,446,280,000 | USD | 669,000 | CIT | 05/02/17 | 34,517 | — | |||||||||||
| IDR | 12,118,450,000 | USD | 901,000 | HSB | 01/23/17 | 12,545 | — | |||||||||||
| IDR | 7,183,120,000 | USD | 508,000 | HSB | 05/09/17 | 26,631 | — | |||||||||||
| ILS | 5,553,390 | USD | 1,483,000 | JPM | 11/28/16 | 880 | — | |||||||||||
| INR | 88,478,000 | USD | 1,300,000 | JPM | 10/07/16 | 27,957 | — | |||||||||||
| INR | 170,624,465 | USD | 2,519,000 | SCB | 10/24/16 | 34,235 | — | |||||||||||
| JPY | 131,658,641 | USD | 1,322,000 | CIT | 10/06/16 | — | 23,553 | |||||||||||
| KES | 80,028,000 | USD | 760,000 | CIT | 03/13/17 | 10,265 | — | |||||||||||
| KES | 73,738,600 | USD | 718,000 | JPM | 12/30/16 | 823 | — | |||||||||||
| KRW | 1,546,031,280 | USD | 1,416,000 | SCB | 10/13/16 | — | 12,313 | |||||||||||
| KZT | 393,990,000 | USD | 1,142,000 | CIT | 11/14/16 | 14,929 | — | |||||||||||
| KZT | 256,200,000 | USD | 700,000 | HSB | 03/29/17 | 25,118 | — | |||||||||||
| KZT | 265,809,000 | USD | 753,000 | JPM | 01/09/17 | 15,175 | — | |||||||||||
| MYR | 8,492,695 | USD | 2,049,000 | JPM | 10/26/16 | 2,063 | — | |||||||||||
| PEN | 2,493,430 | USD | 740,000 | BNP | 10/31/16 | — | 4,874 | |||||||||||
| PEN | 5,018,342 | USD | 1,472,000 | CIT | 11/16/16 | 4,488 | — | |||||||||||
Lazard Global Total Return and Income Fund, Inc. Portfolio of Investments (continued) September 30, 2016 (unaudited) |
Forward Currency Contracts open at September 30, 2016 (continued):
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| PEN | 2,499,764 | USD | 741,000 | HSB | 10/05/16 | $ | — | $ | 2,168 | |||||||||
| PEN | 2,559,448 | USD | 745,000 | HSB | 12/05/16 | 6,012 | — | |||||||||||
| PHP | 66,427,600 | USD | 1,420,000 | JPM | 11/02/16 | — | 51,269 | |||||||||||
| PHP | 57,726,900 | USD | 1,190,000 | JPM | 12/05/16 | — | 1,592 | |||||||||||
| PHP | 38,436,560 | USD | 808,000 | SCB | 10/13/16 | — | 15,608 | |||||||||||
| PLN | 5,995,545 | EUR | 1,361,000 | JPM | 10/20/16 | 37,302 | — | |||||||||||
| RON | 3,978,566 | USD | 1,012,950 | CIT | 04/13/17 | — | 2,945 | |||||||||||
| RSD | 82,195,350 | EUR | 661,000 | CIT | 12/09/16 | 321 | — | |||||||||||
| RSD | 80,527,920 | EUR | 649,000 | CIT | 12/15/16 | — | 1,927 | |||||||||||
| RUB | 16,538,445 | USD | 258,000 | CAB | 10/28/16 | 3,981 | — | |||||||||||
| RUB | 90,339,533 | USD | 1,393,000 | CAB | 10/28/16 | 38,046 | — | |||||||||||
| THB | 26,276,254 | USD | 758,268 | CIT | 11/10/16 | — | 337 | |||||||||||
| THB | 40,489,665 | USD | 1,159,000 | JPM | 10/14/16 | 9,342 | — | |||||||||||
| THB | 49,270,167 | USD | 1,422,000 | SCB | 11/10/16 | — | 817 | |||||||||||
| TRY | 6,651,584 | USD | 2,235,000 | CAB | 11/23/16 | — | 40,988 | |||||||||||
| UGX | 1,585,160,000 | USD | 460,000 | BRC | 11/07/16 | 2,165 | — | |||||||||||
| UGX | 1,292,896,000 | USD | 352,000 | CIT | 12/23/16 | 18,554 | — | |||||||||||
| UGX | 5,188,050,000 | USD | 1,505,528 | JPM | 10/17/16 | 18,770 | — | |||||||||||
| USD | 157,000 | BRL | 156,155 | BNP | 10/11/16 | 845 | — | |||||||||||
| USD | 1,698,000 | BRL | 2,332,018 | UBS | 01/20/17 | — | 634,018 | |||||||||||
| USD | 616,000 | COP | 611,225 | CIT | 10/03/16 | 4,775 | — | |||||||||||
| USD | 130,000 | COP | 132,573 | CIT | 10/18/16 | — | 2,573 | |||||||||||
| USD | 680,829 | EGP | 597,637 | BNP | 02/24/17 | 83,192 | — | |||||||||||
| USD | 548,452 | EGP | 490,277 | CIT | 11/30/16 | 58,174 | — | |||||||||||
| USD | 688,000 | EGP | 620,941 | HSB | 11/30/16 | 67,059 | — | |||||||||||
| USD | 169,520 | EUR | 169,916 | CIT | 12/09/16 | — | 396 | |||||||||||
| USD | 1,158,854 | EUR | 1,181,515 | JPM | 10/20/16 | — | 22,661 | |||||||||||
| USD | 912,724 | EUR | 920,096 | JPM | 11/01/16 | — | 7,372 | |||||||||||
| USD | 4,197,809 | EUR | 4,219,611 | JPM | 11/01/16 | — | 21,802 | |||||||||||
| USD | 469,950 | GHS | 475,988 | CIT | 10/11/16 | — | 6,038 | |||||||||||
| USD | 367,850 | GHS | 368,376 | CIT | 04/06/17 | — | 525 | |||||||||||
| USD | 407,362 | GHS | 403,834 | CIT | 07/17/17 | 3,528 | — | |||||||||||
| USD | 1,135,927 | HUF | 1,135,603 | BNP | 08/29/17 | 323 | — | |||||||||||
| USD | 1,177,000 | IDR | 1,176,494 | JPM | 12/13/16 | 506 | — | |||||||||||
| USD | 805,352 | IDR | 815,654 | JPM | 01/23/17 | — | 10,302 | |||||||||||
| USD | 2,429,328 | JPY | 2,454,487 | CIT | 10/06/16 | — | 25,159 | |||||||||||
| USD | 1,113,000 | MXN | 1,124,851 | CIT | 10/26/16 | — | 11,851 | |||||||||||
| USD | 732,531 | PEN | 738,832 | HSB | 10/05/16 | — | 6,300 | |||||||||||
| USD | 1,006,340 | RON | 1,010,005 | JPM | 04/13/17 | — | 3,665 | |||||||||||
| USD | 1,167,401 | THB | 1,168,342 | JPM | 10/14/16 | — | 941 | |||||||||||
| USD | 573,409 | UGX | 581,232 | HSB | 10/17/16 | — | 7,823 | |||||||||||
| USD | 1,663,000 | ZAR | 1,686,874 | CIT | 10/03/16 | — | 23,874 | |||||||||||
| USD | 3,472,205 | ZAR | 3,451,330 | CIT | 10/03/16 | 20,875 | — | |||||||||||
| USD | 1,439,000 | ZAR | 1,456,233 | CIT | 11/30/16 | — | 17,233 | |||||||||||
| USD | 4,293,000 | ZAR | 4,213,819 | JPM | 10/03/16 | 79,181 | — | |||||||||||
| UYU | 48,003,120 | USD | 1,653,000 | CIT | 11/23/16 | 10,540 | — | |||||||||||
Lazard Global Total Return and Income Fund, Inc. Portfolio of Investments (concluded) September 30, 2016 (unaudited) |
Forward Currency Contracts open at September 30, 2016 (concluded):
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| ZAR | 9,977,676 | USD | 711,000 | CIT | 10/03/16 | $ | 16,103 | $ | — | |||||||||
| ZAR | 10,342,406 | USD | 706,000 | CIT | 10/03/16 | 47,682 | — | |||||||||||
| ZAR | 13,865,222 | USD | 959,000 | CIT | 10/03/16 | 51,401 | — | |||||||||||
| ZAR | 17,987,501 | USD | 1,325,388 | CIT | 10/03/16 | — | 14,584 | |||||||||||
| ZAR | 34,657,805 | USD | 2,275,000 | CIT | 10/03/16 | 250,619 | — | |||||||||||
| ZAR | 41,502,533 | USD | 2,987,556 | CIT | 10/03/16 | 36,859 | — | |||||||||||
| ZAR | 44,423,066 | USD | 3,221,000 | CIT | 11/30/16 | — | 18,890 | |||||||||||
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | $ | 1,303,051 | $ | 1,222,241 | ||||||||||||||
| Currency Abbreviations: | |
| ARS | — Argentinian Peso |
| BRL | — Brazilian Real |
| CLP | — Chilean Peso |
| COP | — Colombian Peso |
| DOP | — Dominican Republic Peso |
| EGP | — Egyptian Pound |
| EUR | — Euro |
| GHS | — Ghanaian Cedi |
| HUF | — Hungarian Forint |
| IDR | — Indonesian Rupiah |
| ILS | — Israeli Shekel |
| INR | — Indian Rupee |
| JPY | — Japanese Yen |
| KES | — Kenyan Shilling |
| KRW | — South Korean Won |
| KZT | — Kazakhstan Tenge |
| MXN | — Mexican New Peso |
| MYR | — Malaysian Ringgit |
| PEN | — Peruvian New Sol |
| PHP | — Philippine Peso |
| PLN | — Polish Zloty |
| RON | — New Romanian Leu |
| RSD | — Serbian Dinar |
| RUB | — Russian Ruble |
| 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 |
| BRC | — Barclays Bank PLC |
| CAB | — Credit Agricole Corporate and Investment Bank |
| CIT | — Citibank NA |
| HSB | — HSBC Bank USA NA |
| JPM | — JPMorgan Chase Bank NA |
| SCB | — Standard Chartered Bank |
| UBS | — UBS AG |
Lazard Global Total Return and Income Fund, Inc.
Notes to Portfolio of Investments
September 30, 2016 (unaudited)
(a) Non-income producing security
(b) Principal amount denominated in respective country’s currency.
(c) For federal income tax purposes, the aggregate cost was $164,894,466, aggregate gross unrealized appreciation was $32,940,091, aggregate gross unrealized depreciation was $23,677,831 and the net unrealized appreciation was $9,262,260.
(d) Lazard Global Total Return and Income Fund, Inc. (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 |
| Portfolio holdings by industry* (as a percentage of net assets): | |||||
| Aerospace & Defense | 2.3 | % | |||
| Automobiles | 2.3 | ||||
| Banks | 10.6 | ||||
| Beverages | 3.0 | ||||
| Building Products | 3.5 | ||||
| Capital Markets | 1.4 | ||||
| Communications Equipment | 3.7 | ||||
| Consumer Finance | 1.9 | ||||
| Diversified Telecommunication Services | 2.9 | ||||
| Electrical Equipment | 2.4 | ||||
| Energy Equipment & Services | 2.7 | ||||
| Food & Staples Retailing | 4.1 | ||||
| Industrial Conglomerates | 2.9 | ||||
| Insurance | 3.2 | ||||
| IT Services | 4.1 | ||||
| Media | 1.2 | ||||
| Metals & Mining | 0.9 | ||||
| Multi-Utilities | 0.8 | ||||
| Oil, Gas & Consumable Fuels | 10.6 | ||||
| Personal Products | 3.1 | ||||
| Pharmaceuticals | 16.0 | ||||
| Semiconductors & Semiconductor Equipment | 2.6 | ||||
| Software | 3.6 | ||||
| Technology Hardware, Storage & Peripherals | 4.6 | ||||
| Tobacco | 6.6 | ||||
| Subtotal | 101.0 | ||||
| Foreign Government Obligations | 14.2 | ||||
| Short-Term Investment | 0.3 | ||||
| Total Investments | 115.5 | % | |||
| * | 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.
Item 3. Exhibits.
Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT.
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/ Charles L. Carroll |
| Charles L. Carroll | |
| Chief Executive Officer | |
| Date: | November 28, 2016 |
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/ Charles L. Carroll |
| Charles L. Carroll | |
| Chief Executive Officer | |
| Date: | November 28, 2016 |
| By: | /s/ Christopher Snively |
| Christopher Snively | |
| Chief Financial Officer | |
| Date: | November 28, 2016 |