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)
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: 9/30/2018
Item 1. Schedule of Investments.
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments
September 30, 2018 (unaudited)
| Description | Shares | Fair Value | ||||||
| Common Stocks | 98.6% | ||||||||
| Belgium | 1.1% | ||||||||
| Anheuser-Busch InBev SA/NV | 22,822 | $ | 1,997,361 | |||||
| Brazil | 0.3% | ||||||||
| Cielo SA | 182,780 | 554,421 | ||||||
| Canada | 4.2% | ||||||||
| CAE, Inc. | 78,500 | 1,593,520 | ||||||
| Canadian National Railway Co. | 36,800 | 3,302,071 | ||||||
| National Bank of Canada | 55,100 | 2,751,907 | ||||||
| 7,647,498 | ||||||||
| China | 1.9% | ||||||||
| Alibaba Group Holding, Ltd. Sponsored ADR (*) | 8,415 | 1,386,455 | ||||||
| Tencent Holdings, Ltd. | 52,700 | 2,177,681 | ||||||
| 3,564,136 | ||||||||
| Finland | 1.1% | ||||||||
| Sampo Oyj, A Shares | 39,488 | 2,043,049 | ||||||
| France | 1.6% | ||||||||
| Ubisoft Entertainment SA (*) | 26,501 | 2,867,898 | ||||||
| Germany | 1.1% | ||||||||
| Symrise AG | 22,592 | 2,061,341 | ||||||
| Hong Kong | 3.2% | ||||||||
| AIA Group, Ltd. | 310,600 | 2,775,127 | ||||||
| Hang Seng Bank, Ltd. | 112,900 | 3,049,630 | ||||||
| 5,824,757 | ||||||||
| India | 0.8% | ||||||||
| Indiabulls Housing Finance, Ltd. GDR | 118,800 | 1,401,840 | ||||||
| Ireland | 0.9% | ||||||||
| Shire PLC | 26,036 | 1,570,814 | ||||||
| Israel | 1.1% | ||||||||
| Israel Discount Bank, Ltd., Class A | 619,320 | 2,063,445 | ||||||
| Japan | 6.5% | ||||||||
| Daiwa House Industry Co., Ltd. | 62,000 | 1,838,259 | ||||||
| Kansai Paint Co., Ltd. | 74,900 | 1,380,323 | ||||||
| Kao Corp. | 26,500 | 2,140,059 | ||||||
| Ryohin Keikaku Co., Ltd. | 8,300 | 2,465,974 | ||||||
| TechnoPro Holdings, Inc. | 33,800 | 2,097,787 | ||||||
| Yamaha Corp. | 40,400 | 2,140,466 | ||||||
| 12,062,868 | ||||||||
| Netherlands | 2.3% | ||||||||
| Wolters Kluwer NV | 67,282 | 4,192,885 | ||||||
| Singapore | 1.5% | ||||||||
| Oversea-Chinese Banking Corp., Ltd. | 333,500 | 2,788,768 | ||||||
| Description | Shares | Fair Value | ||||||
| South Africa | 1.4% | ||||||||
| Distell Group Holdings, Ltd. | 188,800 | $ | 1,422,230 | |||||
| Sanlam, Ltd. | 218,461 | 1,219,891 | ||||||
| 2,642,121 | ||||||||
| Sweden | 4.1% | ||||||||
| Assa Abloy AB, Class B | 65,718 | 1,320,995 | ||||||
| Epiroc AB, Class B (*) | 165,200 | 1,700,158 | ||||||
| Hexagon AB, B Shares | 39,500 | 2,312,965 | ||||||
| Nordea Bank AB | 209,300 | 2,278,877 | ||||||
| 7,612,995 | ||||||||
| Switzerland | 0.7% | ||||||||
| Julius Baer Group, Ltd. | 24,904 | 1,244,698 | ||||||
| Taiwan | 1.0% | ||||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 43,350 | 1,914,336 | ||||||
| United Kingdom | 13.5% | ||||||||
| Ashtead Group PLC | 87,091 | 2,764,081 | ||||||
| British American Tobacco PLC | 25,787 | 1,203,898 | ||||||
| Bunzl PLC | 48,400 | 1,521,334 | ||||||
| Coca-Cola European Partners PLC | 49,245 | 2,239,170 | ||||||
| Compass Group PLC | 101,440 | 2,255,501 | ||||||
| Diageo PLC | 79,462 | 2,814,096 | ||||||
| Prudential PLC | 85,975 | 1,971,502 | ||||||
| RELX PLC (*) | 158,507 | 3,330,107 | ||||||
| Rio Tinto PLC | 27,794 | 1,402,266 | ||||||
| RSA Insurance Group PLC | 209,681 | 1,570,013 | ||||||
| Unilever PLC | 68,899 | 3,784,004 | ||||||
| 24,855,972 | ||||||||
| United States | 50.3% | ||||||||
| Accenture PLC, Class A | 20,490 | 3,487,398 | ||||||
| Alphabet, Inc., Class A (*) | 4,228 | 5,103,534 | ||||||
| Aon PLC | 24,250 | 3,729,165 | ||||||
| Biogen, Inc. (*) | 12,570 | 4,441,107 | ||||||
| Cisco Systems, Inc. | 51,450 | 2,503,042 | ||||||
| Comerica, Inc. | 21,400 | 1,930,280 | ||||||
| Eaton Corp. PLC | 35,620 | 3,089,323 | ||||||
| eBay, Inc. (*) | 43,700 | 1,442,974 | ||||||
| Honeywell International, Inc. | 21,100 | 3,511,040 | ||||||
| Intercontinental Exchange, Inc. | 41,500 | 3,107,935 | ||||||
| IQVIA Holdings, Inc. (*) | 31,780 | 4,123,137 | ||||||
| Johnson & Johnson | 30,685 | 4,239,746 | ||||||
| Microsoft Corp. | 44,325 | 5,069,450 | ||||||
| Motorola Solutions, Inc. | 18,920 | 2,462,249 | ||||||
| Rockwell Automation, Inc. | 11,410 | 2,139,603 | ||||||
| S&P Global, Inc. | 14,800 | 2,891,772 | ||||||
| Schlumberger, Ltd. | 37,570 | 2,288,764 | ||||||
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2018 (unaudited)
| Description | Shares | Fair Value | ||||||
| Snap-on, Inc. | 11,150 | $ | 2,047,140 | |||||
| Starbucks Corp. | 50,830 | 2,889,177 | ||||||
| The Charles Schwab Corp. | 54,800 | 2,693,420 | ||||||
| The Coca-Cola Co. | 91,645 | 4,233,082 | ||||||
| The Procter & Gamble Co. | 38,490 | 3,203,523 | ||||||
| Thermo Fisher Scientific, Inc. | 18,895 | 4,611,892 | ||||||
| United Technologies Corp. | 16,265 | 2,274,010 | ||||||
| Visa, Inc., Class A | 24,710 | 3,708,724 | ||||||
| Welbilt, Inc. (*) | 131,700 | 2,749,896 | ||||||
| Worldpay, Inc., Class A (*) | 49,180 | 4,980,459 | ||||||
| Zoetis, Inc. | 40,410 | 3,699,940 | ||||||
| 92,651,782 | ||||||||
| Total Common Stocks (Cost $142,300,496) | 181,562,985 | |||||||
| Description | Principal Amount (000) («) | Fair Value | ||||||
| Foreign Government Obligations | 11.4% | ||||||||
| Brazil | 0.6% | ||||||||
| Brazil NTN-F, 10.00%, 01/01/27 | 4,740 | $ | 1,075,016 | |||||
| Dominican Republic | 1.0% | ||||||||
| Dominican Republic Bonds: | ||||||||
| 15.95%, 06/04/21 (#) | 16,800 | 382,640 | ||||||
| 8.90%, 02/15/23 (#) | 48,000 | 953,907 | ||||||
| 10.50%, 04/07/23 (#) | 20,300 | 407,180 | ||||||
| 1,743,727 | ||||||||
| Egypt | 3.5% | ||||||||
| Egypt Treasury Bills: | ||||||||
| 0.00%, 03/26/19 | 29,100 | 1,461,940 | ||||||
| 0.00%, 06/25/19 | 14,600 | 712,214 | ||||||
| 0.00%, 08/20/19 | 90,150 | 4,208,992 | ||||||
| 6,383,146 | ||||||||
| Ghana | 0.3% | ||||||||
| Ghana Government Bonds, 16.50%, 03/22/21 | 3,200 | 626,207 | ||||||
| Indonesia | 0.5% | ||||||||
| Indonesia Government Bonds, 8.375%, 09/15/26 | 13,313,000 | 906,801 | ||||||
| Malaysia | 0.3% | ||||||||
| Malaysia Government Bonds, 3.654%, 10/31/19 | 2,470 | 598,299 | ||||||
| Mexico | 1.3% | ||||||||
| Mexican Bonos: | ||||||||
| 6.50%, 06/10/21 | 33,210 | 1,720,524 | ||||||
| Description | Principal Amount (000) («) | Fair Value | ||||||
| 5.75%, 03/05/26 | 13,620 | $ | 640,971 | |||||
| 2,361,495 | ||||||||
| Russia | 0.9% | ||||||||
| Russia Government Bonds - OFZ, 7.05%, 01/19/28 | 116,300 | 1,626,695 | ||||||
| South Africa | 2.4% | ||||||||
| Republic of South Africa: | ||||||||
| 6.75%, 03/31/21 | 8,950 | 616,650 | ||||||
| 10.50%, 12/21/26 | 24,750 | 1,900,478 | ||||||
| 8.00%, 01/31/30 | 29,620 | 1,892,302 | ||||||
| 4,409,430 | ||||||||
| Sri Lanka | 0.1% | ||||||||
| Sri Lanka Government Bonds, 9.25%, 05/01/20 | 32,000 | 187,064 | ||||||
| Turkey | 0.5% | ||||||||
| Turkey Government Bonds, 2.00%, 10/26/22 | 6,529 | 1,006,055 | ||||||
| Total Foreign Government Obligations (Cost $23,717,315) | 20,923,935 | |||||||
| Description | Shares | Fair Value | ||||||
| Short-Term Investments | 0.3% | ||||||||
| State Street Institutional Treasury Money Market Fund, Premier Class, 1.95% (7 day yield) (Cost $583,384) | 583,384 | $ | 583,384 | |||||
| Total Investments | 110.3% (Cost $166,601,195) (») | $ | 203,070,304 | ||||||
| Liabilities in Excess of Cash and Other Assets | (10.3)% | (18,946,719) | |||||||
| Net Assets | 100.0% | $ | 184,123,585 | ||||||
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2018 (unaudited)
| Forward Currency Contracts open at September 30, 2018: | ||||||||||||||||||
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation |
Unrealized Depreciation | |||||||||||
| ARS | 40,997,760 | USD | 1,048,000 | BNP | 10/09/18 | $ | — | $ | 64,491 | |||||||||
| AUD | 2,471,000 | USD | 1,796,973 | HSB | 11/05/18 | — | 10,416 | |||||||||||
| BRL | 3,999,275 | USD | 1,187,045 | CIT | 10/16/18 | — | 197,809 | |||||||||||
| CLP | 965,145,600 | USD | 1,416,000 | CIT | 10/22/18 | 51,925 | — | |||||||||||
| CLP | 916,249,200 | USD | 1,398,000 | HSB | 10/30/18 | — | 4,195 | |||||||||||
| CLP | 1,165,329,000 | USD | 1,738,000 | HSB | 11/30/18 | 35,148 | — | |||||||||||
| CNY | 9,391,340 | USD | 1,372,000 | HSB | 10/24/18 | — | 6,461 | |||||||||||
| COP | 2,844,840,000 | USD | 942,000 | CIT | 10/17/18 | 18,293 | — | |||||||||||
| COP | 2,900,720,800 | USD | 976,000 | CIT | 10/26/18 | 3,239 | — | |||||||||||
| COP | 9,342,648,000 | USD | 3,108,000 | SCB | 11/30/18 | 42,583 | — | |||||||||||
| CZK | 59,517,000 | USD | 2,698,033 | CIT | 11/13/18 | — | 12,219 | |||||||||||
| DOP | 22,529,920 | USD | 448,000 | CIT | 12/14/18 | — | 841 | |||||||||||
| EUR | 2,401,887 | USD | 2,776,990 | CIT | 10/15/18 | 14,561 | — | |||||||||||
| EUR | 848,864 | USD | 988,452 | SCB | 10/15/18 | — | 1,875 | |||||||||||
| EUR | 1,151,249 | USD | 1,338,517 | SCB | 10/15/18 | — | 498 | |||||||||||
| GHS | 2,194,000 | USD | 458,996 | CIT | 11/05/18 | — | 16,164 | |||||||||||
| GHS | 2,934,940 | USD | 571,000 | SCB | 12/04/18 | 15,340 | — | |||||||||||
| GHS | 5,480,570 | USD | 1,082,047 | SCB | 12/04/18 | 12,856 | — | |||||||||||
| HUF | 268,917,000 | USD | 950,277 | CIT | 10/05/18 | 15,635 | — | |||||||||||
| HUF | 362,334,000 | USD | 1,317,759 | CIT | 11/20/18 | — | 12,032 | |||||||||||
| HUF | 268,917,000 | USD | 981,306 | SCB | 11/20/18 | — | 12,221 | |||||||||||
| HUF | 370,870,000 | USD | 1,356,071 | SCB | 12/21/18 | — | 15,548 | |||||||||||
| IDR | 10,524,830,000 | USD | 758,000 | CIT | 01/07/19 | — | 63,009 | |||||||||||
| IDR | 24,933,750,000 | USD | 1,635,000 | CIT | 01/07/19 | 11,462 | — | |||||||||||
| IDR | 2,958,460,000 | USD | 212,000 | HSB | 01/07/19 | — | 16,643 | |||||||||||
| IDR | 14,741,920,000 | USD | 926,000 | HSB | 09/20/19 | 8,165 | — | |||||||||||
| IDR | 13,405,344,000 | USD | 898,000 | SCB | 10/17/18 | 20 | — | |||||||||||
| ILS | 3,359,000 | USD | 913,762 | CIT | 11/07/18 | 12,218 | — | |||||||||||
| ILS | 6,378,000 | USD | 1,789,125 | CIT | 11/07/18 | — | 30,892 | |||||||||||
| ILS | 3,426,000 | USD | 948,726 | SCB | 11/29/18 | — | 2,574 | |||||||||||
| INR | 65,227,310 | USD | 943,000 | HSB | 10/09/18 | — | 44,623 | |||||||||||
| INR | 106,778,195 | USD | 1,477,735 | HSB | 10/09/18 | — | 7,077 | |||||||||||
| INR | 87,197,040 | USD | 1,314,000 | SCB | 10/09/18 | — | 113,033 | |||||||||||
| KRW | 2,023,803,860 | USD | 1,807,000 | SCB | 11/09/18 | 18,143 | — | |||||||||||
| KZT | 530,203,100 | USD | 1,370,034 | CIT | 06/19/19 | — | 2,867 | |||||||||||
| KZT | 258,112,700 | USD | 668,686 | HSB | 06/19/19 | — | 3,123 | |||||||||||
| KZT | 530,203,100 | USD | 1,556,902 | SCB | 12/06/18 | — | 122,722 | |||||||||||
| KZT | 342,900,500 | USD | 1,013,000 | SCB | 12/14/18 | — | 86,976 | |||||||||||
| KZT | 260,278,000 | USD | 724,000 | SCB | 01/31/19 | — | 28,997 | |||||||||||
| MAD | 12,667,463 | USD | 1,353,000 | CIT | 10/24/18 | — | 15,437 | |||||||||||
| MXN | 17,211,740 | USD | 909,892 | CIT | 11/09/18 | 4,400 | — | |||||||||||
| MXN | 25,089,000 | USD | 1,320,250 | CIT | 11/09/18 | 12,483 | — | |||||||||||
| NGN | 312,750,000 | USD | 834,000 | HSB | 12/27/18 | 14,362 | — | |||||||||||
| NGN | 301,444,500 | USD | 798,000 | SCB | 12/27/18 | 19,695 | — | |||||||||||
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
September 30, 2018 (unaudited)
| Forward Currency Contracts open at September 30, 2018 (concluded): | ||||||||||||||||||
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| PHP | 49,485,300 | USD | 930,000 | CIT | 10/02/18 | $ | — | $ | 14,114 | |||||||||
| PHP | 48,529,920 | USD | 890,000 | CIT | 11/29/18 | 3,676 | — | |||||||||||
| PHP | 76,466,860 | USD | 1,412,000 | HSB | 10/15/18 | 2,220 | — | |||||||||||
| PLN | 9,999,442 | USD | 2,689,000 | CIT | 11/13/18 | 25,626 | — | |||||||||||
| RON | 1,832,000 | USD | 463,399 | CIT | 10/26/18 | — | 6,629 | |||||||||||
| RON | 3,633,255 | USD | 907,066 | CIT | 03/15/19 | — | 3,116 | |||||||||||
| RUB | 14,684,894 | USD | 214,000 | HSB | 10/15/18 | 9,853 | — | |||||||||||
| THB | 29,549,000 | USD | 912,474 | CIT | 10/24/18 | 1,838 | — | |||||||||||
| THB | 31,801,000 | USD | 959,344 | HSB | 10/02/18 | 23,989 | — | |||||||||||
| THB | 27,249,000 | USD | 832,125 | HSB | 11/08/18 | 11,404 | — | |||||||||||
| THB | 33,380,000 | USD | 1,030,874 | HSB | 11/08/18 | 2,448 | — | |||||||||||
| THB | 58,424,000 | USD | 1,786,066 | SCB | 11/14/18 | 22,856 | — | |||||||||||
| TRY | 4,473,010 | USD | 911,663 | CIT | 11/13/18 | — | 190,634 | |||||||||||
| TRY | 5,586,407 | USD | 1,099,643 | HSB | 11/13/18 | — | 199,139 | |||||||||||
| TRY | 5,866,067 | USD | 1,353,000 | SCB | 11/13/18 | — | 407,416 | |||||||||||
| UAH | 26,570,850 | USD | 921,000 | SCB | 11/21/18 | — | 8,580 | |||||||||||
| UGX | 2,405,092,000 | USD | 626,000 | CIT | 12/04/18 | — | 3,772 | |||||||||||
| UGX | 1,925,484,000 | USD | 503,000 | SCB | 11/13/18 | — | 2,732 | |||||||||||
| UGX | 4,084,500,000 | USD | 1,050,000 | SCB | 12/27/18 | 1,626 | — | |||||||||||
| USD | 1,107,857 | AUD | 1,504,209 | HSB | 10/09/18 | 20,527 | — | |||||||||||
| USD | 2,556,891 | AUD | 3,510,000 | HSB | 11/05/18 | 19,126 | — | |||||||||||
| USD | 173,000 | BRL | 713,020 | CIT | 10/15/18 | — | 3,380 | |||||||||||
| USD | 1,205,000 | BRL | 3,999,275 | HSB | 10/16/18 | 215,764 | — | |||||||||||
| USD | 909,671 | CAD | 1,181,180 | CIT | 11/09/18 | — | 5,554 | |||||||||||
| USD | 5,043,367 | EUR | 4,402,000 | CIT | 10/15/18 | — | 72,779 | |||||||||||
| USD | 978,297 | HUF | 268,917,000 | SCB | 10/05/18 | 12,385 | — | |||||||||||
| USD | 1,876,000 | ILS | 6,705,199 | CIT | 11/07/18 | 27,568 | — | |||||||||||
| USD | 1,432,981 | KZT | 530,203,100 | CIT | 12/06/18 | — | 1,199 | |||||||||||
| USD | 538,799 | MXN | 10,566,000 | HSB | 11/09/18 | — | 22,470 | |||||||||||
| USD | 1,658,864 | NGN | 614,194,500 | SCB | 12/27/18 | — | 7,193 | |||||||||||
| USD | 912,895 | PHP | 49,485,300 | CIT | 10/02/18 | — | 2,991 | |||||||||||
| USD | 964,572 | RON | 3,633,255 | CIT | 03/15/19 | 60,622 | — | |||||||||||
| USD | 549,245 | RUB | 36,176,000 | SCB | 10/15/18 | — | 2,215 | |||||||||||
| USD | 980,275 | THB | 31,801,000 | HSB | 10/02/18 | — | 3,059 | |||||||||||
| USD | 860,000 | TRY | 6,015,700 | CIT | 11/13/18 | — | 109,704 | |||||||||||
| USD | 1,206,857 | TRY | 6,204,000 | CIT | 11/13/18 | 206,800 | — | |||||||||||
| USD | 1,278,312 | TRY | 6,540,000 | CIT | 11/13/18 | 224,092 | — | |||||||||||
| USD | 220,832 | ZAR | 3,302,000 | SCB | 11/08/18 | — | 11,530 | |||||||||||
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | $ | 1,202,948 | $ | 1,970,949 | ||||||||||||||
| Currency Abbreviations: | |
| ARS | — Argentinian Peso |
| AUD | — Australian Dollar |
| BRL | — Brazilian Real |
| CAD | — Canadian Dollar |
| CLP | — Chilean Peso |
| CNY | — Chinese Renminbi |
| COP | — Colombian Peso |
| CZK | — Czech Koruna |
| DOP | — Dominican Republic Peso |
| EUR | — Euro |
| GHS | — Ghanaian Cedi |
Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (concluded)
September 30, 2018 (unaudited)
| HUF | — Hungarian Forint |
| IDR | — Indonesian Rupiah |
| ILS | — Israeli Shekel |
| INR | — Indian Rupee |
| KRW | — South Korean Won |
| KZT | — Kazakhstan Tenge |
| MAD | — Moroccan Dirham |
| MXN | — Mexican New Peso |
| NGN | — Nigerian Naira |
| PHP | — Philippine Peso |
| PLN | — Polish Zloty |
| RON | — New Romanian Leu |
| RUB | — Russian Ruble |
| THB | — Thai Baht |
| TRY | — New Turkish Lira |
| UAH | — Ukranian Hryvnia |
| UGX | — Ugandan Shilling |
| USD | — United States Dollar |
| ZAR | — South African Rand |
| Counterparty Abbreviations: | |
| BNP | — BNP Paribas SA |
| CIT | — Citibank NA |
| HSB | — HSBC Bank USA NA |
| SCB | — Standard Chartered Bank |
Lazard Global Total Return and Income Fund, Inc.
Notes to Portfolio of Investments
September 30, 2018 (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 30, 2018, these securities amounted to 1.0% of net assets. |
| (») | 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 |
| GDR | - Global Depositary Receipt |
| NTN-F | - Brazil Sovereign “Nota do Tesouro Nacional” Series F |
| Portfolio holdings by industry† (as a percentage of net assets): | |||
| Aerospace & Defense | 2.1 | % | |
| Banks | 8.1 | ||
| Beverages | 6.9 | ||
| Biotechnology | 3.3 | ||
| Building Products | 0.7 | ||
| Capital Markets | 5.4 | ||
| Chemicals | 1.9 | ||
| Communications Equipment | 2.7 | ||
| Electrical Equipment | 2.8 | ||
| Electronic Equipment, Instruments & Components | 1.3 | ||
| Energy Equipment & Services | 1.2 | ||
| Entertainment | 1.6 | ||
| Hotels, Restaurants & Leisure | 2.8 | ||
| Household Products | 1.7 | ||
| Industrial Conglomerates | 1.9 | ||
| Insurance | 7.2 | ||
| Interactive Media & Services | 4.0 | ||
| Internet & Direct Marketing Retail | 1.5 | ||
| IT Services | 6.9 | ||
| Leisure Products | 1.2 | ||
| Life Sciences Tools & Services | 4.7 | ||
| Machinery | 3.5 | ||
| Metals & Mining | 0.8 | ||
| Multiline Retail | 1.3 | ||
| Personal Products | 3.2 | ||
| Pharmaceuticals | 4.3 | ||
| Professional Services | 5.2 | ||
| Real Estate Management & Development | 1.0 | ||
| Road & Rail | 1.8 | ||
| Semiconductors & Semiconductor Equipment | 1.0 | ||
| Software | 2.8 | ||
| Thrifts & Mortgage Finance | 0.8 | ||
| Tobacco | 0.7 | ||
| Trading Companies & Distributors | 2.3 | ||
| Subtotal | 98.6 | ||
| Foreign Government Obligations | 11.4 | ||
| Short-Term Investments | 0.3 | ||
| Total Investments | 110.3 | % | |
| † | 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/ Nathan A. Paul |
| Nathan A. Paul | |
| Chief Executive Officer |
Date: November 26, 2018
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: November 26, 2018
| By: | /s/ Christopher Snively |
| Christopher Snively | |
| Chief Financial Officer |
Date: November 26, 2018