# Portfolio overlap — ECEIX vs MACEX

Comparing **Lazard Emerging Markets Core Equity Portfolio** (2025-09-30) and **ClearBridge Emerging Markets Fund** (2026-03-31).

- Shared positions: 21
- Lazard Emerging Markets Core Equity Portfolio covered by ClearBridge Emerging Markets Fund: 0.4144327237493800865834953824
- ClearBridge Emerging Markets Fund covered by Lazard Emerging Markets Core Equity Portfolio: 0.4144327237493800865834953825

## Lazard Emerging Markets Core Equity Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TENCENT HOLDINGS LTD | 0.069860 | ✓ |
| TSMC | 0.067161 | ✓ |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.063608 | ✓ |
| BABA-W | 0.052654 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.042101 | ✓ |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.034125 | ✓ |
| HDFC BANK LTD SPON ADR | 0.021880 | ✓ |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.021706 | ✓ |
| SK HYNIX INC | 0.019335 | ✓ |
| SHINHAN FINANCIA | 0.018766 | ✓ |
| BHARTI AIRTEL LIMITED | 0.017609 |  |
| ICICI Bank Ltd | 0.017244 | ✓ |
| LENOVO GROUP | 0.016783 |  |
| ANGLO AMER PLC | 0.015934 |  |
| NATL BANK GREECE | 0.015545 |  |
| MEDIATEK | 0.014735 | ✓ |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.014087 | ✓ |
| SAUDI ARABIAN OI | 0.013980 |  |
| INNOVENT BIOLOGI | 0.013801 |  |
| SHENZHEN INOVA-A | 0.013757 | ✓ |
| ITAU UNIBANCO HLDG SA SPON ADR | 0.013153 |  |
| XIAOMI CORP-W | 0.013047 |  |
| TRIP.COM GROUP L | 0.012992 |  |
| EMAAR PROP PJSC | 0.012671 |  |
| BCO BTG PAC-UNIT | 0.012425 |  |
| ACCTON TECH | 0.012259 |  |
| GRUPO F BANORT-O | 0.012147 | ✓ |
| ADNOC GAS PLC | 0.012139 |  |
| KIA CORP | 0.011961 |  |
| SAUDI NATIONAL B | 0.011544 |  |
| TOTVS SA | 0.011294 |  |
| CREDICORP LTD | 0.010886 |  |
| INTERGLOBE AVIAT | 0.010774 |  |
| GEK TERNA HOLDIN | 0.010770 |  |
| MACROTECH DEVELO | 0.010689 |  |
| COWAY CO LTD | 0.010524 |  |
| INTL CONTAINER TERM SVCS INC COMMON STOCK | 0.010414 |  |
| FULL TRUCK ALLIANCE CO LTD ADR | 0.010071 |  |
| SHOPRITE HOLDINGS LTD COMMON STOCK | 0.009423 |  |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.009282 | ✓ |
| MERCADOLIBRE INC | 0.009251 | ✓ |
| ITC LTD (DEMAT) | 0.009243 |  |
| UNILEVER PLC-SPONSORED ADR DEPOSITARY RECEIPT | 0.009238 |  |
| YUM CHINA HOLDINGS INC - XHKG LISTING | 0.009142 |  |
| HINDALCO INDS | 0.008745 |  |
| JERONIMO MARTINS | 0.008423 |  |
| SEA LTD ADR | 0.008378 |  |
| WEICHAI POWER-H | 0.008294 |  |
| KIMBERLY CLARK DE MEXICO SER A | 0.008191 |  |
| FIXED INC CLEARING CORP.REPO | 0.007790 |  |

## ClearBridge Emerging Markets Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.147105 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.085885 | ✓ |
| TENCENT HOLDINGS LTD | 0.063905 | ✓ |
| SK HYNIX INC | 0.054900 | ✓ |
| DELTA ELEC | 0.030183 |  |
| SHINHAN FINANCIA | 0.026546 | ✓ |
| HDFC BANK LTD SPON ADR | 0.023155 | ✓ |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.022507 | ✓ |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.021324 | ✓ |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.021303 | ✓ |
| ICICI Bank Ltd | 0.021245 | ✓ |
| SIEYUAN ELECTR-A | 0.020863 |  |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.019643 | ✓ |
| ALIBABA GROUP HOLDING LTD SPON ADR | 0.019158 |  |
| TITAN CO LTD | 0.018672 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.017906 | ✓ |
| APOLLO HOSPITALS | 0.016872 |  |
| GOLD FIELDS LTD | 0.016295 |  |
| ANTOFAGASTA PLC | 0.015484 |  |
| AL RAJHI BANK | 0.014951 |  |
| AIA Group Ltd | 0.014598 |  |
| BABA-W | 0.014330 | ✓ |
| PING AN-H | 0.013574 |  |
| GRUPO F BANORT-O | 0.012956 | ✓ |
| WEG SA | 0.012480 |  |
| MAHINDRA & MAHIN | 0.012312 |  |
| QUANTA COMPUTER | 0.012090 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.011887 |  |
| HYUNDAI ELECTRIC | 0.011778 |  |
| MEDIATEK | 0.011772 | ✓ |
| LOCALIZA RENT A CAR SA | 0.011457 |  |
| PKOBP | 0.011227 |  |
| RAIADROGASIL | 0.011044 |  |
| BYD COMPANY LTD H | 0.010666 | ✓ |
| DR SULAIMAN AL H | 0.010030 |  |
| SHENZHEN INOVA-A | 0.009999 | ✓ |
| KOTAK MAHINDRA BANK LTD | 0.009873 |  |
| ULTRATECH CEMENT | 0.009809 |  |
| TRIP.COM GROUP LTD ADR | 0.009568 |  |
| SAMSUNG HEAVY IN | 0.009280 |  |
| WALMART DE MEXIC | 0.007686 |  |
| BANK CENTRAL ASI | 0.007420 | ✓ |
| ETIHAD ETISALAT | 0.007359 |  |
| Western Asset Institutional U.S. Treasury Reserves | 0.006989 |  |
| EASTROC BEVERA-A | 0.006867 |  |
| MERCADOLIBRE INC | 0.006399 | ✓ |
| MINTH GROUP LTD | 0.006188 |  |
| CLICKS GROUP LTD COMMON STOCK | 0.006121 |  |
| TATA CONSULTANCY VSS LTD | 0.005945 | ✓ |
| DINO POLSKA SA | 0.004996 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-25-029300` (as of 2025-09-30)
  <https://www.sec.gov/Archives/edgar/data/874964/000141036825029300/0001410368-25-029300-index.htm>
- N-PORT (fund B) — accession `0000940400-26-020731` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1474103/000094040026020731/0000940400-26-020731-index.htm>

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