# Portfolio overlap — RALIX vs RTXAX

Comparing **Lazard Real Assets Portfolio** (2026-03-31) and **Tax-Managed Real Assets Fund** (2026-04-30).

- Shared positions: 112
- Lazard Real Assets Portfolio covered by Tax-Managed Real Assets Fund: 0.3082473753934752675603065925
- Tax-Managed Real Assets Fund covered by Lazard Real Assets Portfolio: 0.3082473753934752675603065925

## Lazard Real Assets Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| LAZARD GOVT MNY MMKT INS | 0.111921 |  |
| State Street Institutional Treasury Plus Money Market Fund | 0.086095 |  |
| ZTO EXPRESS CAYMAN INC (GS) (CFD) | 0.042117 |  |
| PROLOGIS INC REIT | 0.022649 | ✓ |
| WELLTOWER INC | 0.018123 | ✓ |
| CROWN CASTLE INC | 0.017179 |  |
| AMERICAN TOWER CORP | 0.016623 |  |
| SIMON PROPERTY | 0.014430 | ✓ |
| SBA COMMUNICATIONS CORP | 0.014001 | ✓ |
| AMEREN CORP | 0.013130 |  |
| EQUINIX INC | 0.012883 | ✓ |
| WILLIAMS COS INC | 0.012410 | ✓ |
| ENGIE | 0.011580 | ✓ |
| SSE PLC | 0.011521 | ✓ |
| VINCI SA | 0.011511 | ✓ |
| ENTERGY CORP | 0.011271 | ✓ |
| TARGA RESOURCES CORP | 0.011220 | ✓ |
| VENTAS INC REIT | 0.011074 | ✓ |
| MLP | 0.010920 |  |
| DIGITAL REALTY TRUST INC | 0.010913 | ✓ |
| FERROVIAL SE | 0.010784 |  |
| NATIONAL GRID PL | 0.010332 | ✓ |
| NISOURCE INC | 0.009819 | ✓ |
| MID AMERICA APT CMNTY INC | 0.009813 | ✓ |
| AVALONBAY COMMUNITIES INC REIT | 0.009783 | ✓ |
| TRITAX BIG BOX R | 0.009720 |  |
| XCEL ENERGY INC | 0.009714 | ✓ |
| UNION PACIFIC CORP | 0.009606 | ✓ |
| SHAFTESBURY CAPI | 0.009591 |  |
| CHENIERE ENERGY INC | 0.009583 | ✓ |
| HYDRO ONE LTD | 0.009406 |  |
| CONSOLIDATED EDISON INC | 0.009000 | ✓ |
| TERNA-RETE ELETT | 0.008773 |  |
| AMERICAN ELECTRIC POWER CO INC | 0.008723 | ✓ |
| ALEXANDRIA REAL ES EQ INC REIT | 0.008696 | ✓ |
| OMEGA HEALTHCARE INVESTORS INC | 0.008515 | ✓ |
| INVITATION HOMES INC | 0.008421 | ✓ |
| TC ENERGY CORP | 0.008404 | ✓ |
| WEC ENERGY GROUP INC | 0.007762 | ✓ |
| NEXTERA ENERGY INC | 0.007757 | ✓ |
| ISHARES GOLD TRUST MUTUAL FUND | 0.007553 |  |
| ATCO LTD-CLASS I | 0.007467 |  |
| ATMOS ENERGY CORP | 0.007345 | ✓ |
| EASTGROUP PROP | 0.007205 | ✓ |
| DUKE ENERGY CORP NEW | 0.007058 | ✓ |
| EQUITY RESIDENTIAL REIT | 0.006416 | ✓ |
| TRANSURBAN GROUP | 0.006367 | ✓ |
| FIRST INDUSTRIAL REALTY TRUST | 0.006053 | ✓ |
| CSX CORP | 0.006016 | ✓ |
| AENA SME SA | 0.005939 | ✓ |

## Tax-Managed Real Assets Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.044752 | ✓ |
| PROLOGIS INC REIT | 0.038791 | ✓ |
| EQUINIX INC | 0.038338 | ✓ |
| REALTY INCOME CORP REIT | 0.022356 | ✓ |
| SIMON PROPERTY | 0.021576 | ✓ |
| DIGITAL REALTY TRUST INC | 0.020081 | ✓ |
| U.S. Cash Management Fund | 0.019714 |  |
| VENTAS INC REIT | 0.014353 | ✓ |
| TRANSURBAN GROUP | 0.013550 | ✓ |
| AENA SME SA | 0.013484 | ✓ |
| IRON MOUNTAIN INC | 0.013326 | ✓ |
| AERO DEL PACIF-B | 0.013079 | ✓ |
| EQUITY RESIDENTIAL REIT | 0.012690 | ✓ |
| NEXTERA ENERGY INC | 0.012325 | ✓ |
| EXTRA SPACE STORAGE INC | 0.012142 | ✓ |
| SHELL PLC | 0.011253 | ✓ |
| Groupe Eurotunnel SA | 0.010828 |  |
| CHENIERE ENERGY INC | 0.010523 | ✓ |
| ONEOK INC | 0.010430 |  |
| BP PLC | 0.010109 |  |
| DARLING INGREDIENTS INC | 0.010054 | ✓ |
| NATIONAL GRID PL | 0.009491 | ✓ |
| DUKE ENERGY CORP NEW | 0.009334 | ✓ |
| HOST HOTELS & RE | 0.009261 | ✓ |
| GLENCORE PLC | 0.008952 |  |
| CONOCOPHILLIPS | 0.008442 | ✓ |
| PUBLIC STORAGE | 0.008002 | ✓ |
| TC ENERGY CORP | 0.007710 | ✓ |
| ALBEMARLE CORP | 0.007674 |  |
| REGENCY CENTERS CORP REIT | 0.007655 | ✓ |
| ADP | 0.007586 | ✓ |
| VISTA OIL GAS SAB DE CV ADR | 0.007524 |  |
| AGREE REALTY CORP | 0.007488 |  |
| TARGA RESOURCES CORP | 0.007397 | ✓ |
| GAMING AND LEISURE PROPRTI INC | 0.007322 |  |
| CAMDEN PROP TR | 0.007223 | ✓ |
| PETROBRAS-PREF | 0.007195 | ✓ |
| BHP GROUP LTD | 0.006976 | ✓ |
| FLUGHAFEN ZU-REG | 0.006855 |  |
| BRIXMOR PROPERTY | 0.006659 | ✓ |
| Sociedad Quimica y Minera de Chile S A ADR(REPR 1 PRF SER'B') | 0.006655 |  |
| AMERICAN ELECTRIC POWER CO INC | 0.006591 | ✓ |
| KOSMOS ENERGY LTD | 0.006077 |  |
| NATIONAL STORAGE AFFILIATES TRUST | 0.006061 |  |
| ANGLO AMER PLC | 0.006039 | ✓ |
| SEMPRA ENERGY | 0.005972 |  |
| CARETRUST REIT INC | 0.005960 | ✓ |
| EASTGROUP PROP | 0.005879 | ✓ |
| PUB SERV ENTERP | 0.005728 | ✓ |
| INVITATION HOMES INC | 0.005689 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-054083` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/874964/000141036826054083/0001410368-26-054083-index.htm>
- N-PORT (fund B) — accession `0001410368-26-063586` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/351601/000141036826063586/0001410368-26-063586-index.htm>

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