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 811-21751
Lazard World Dividend & 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: 3/31/2018
Item 1. Schedule of Investments.
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments
March 31, 2018 (unaudited)
| Description | Shares | Fair Value | ||||||
| Common Stocks | 94.6% | ||||||||
| Australia | 2.9% | ||||||||
| Alumina, Ltd. | 998,498 | $ | 1,822,532 | |||||
| Whitehaven Coal, Ltd. | 184,850 | 639,403 | ||||||
| 2,461,935 | ||||||||
| Belgium | 0.9% | ||||||||
| Anheuser-Busch InBev SA/NV | 7,125 | 783,056 | ||||||
| Brazil | 2.3% | ||||||||
| BB Seguridade Participacoes SA | 77,302 | 685,344 | ||||||
| Cielo SA | 203,241 | 1,273,700 | ||||||
| 1,959,044 | ||||||||
| Canada | 3.2% | ||||||||
| Alaris Royalty Corp. | 112,380 | 1,429,664 | ||||||
| Nutrien, Ltd. | 14,160 | 669,202 | ||||||
| Suncor Energy, Inc. | 18,090 | 624,694 | ||||||
| 2,723,560 | ||||||||
| China | 7.7% | ||||||||
| Agricultural Bank of China, Ltd., Class H | 4,976,000 | 2,861,519 | ||||||
| China Construction Bank Corp., Class H | 1,797,180 | 1,867,446 | ||||||
| China Mobile, Ltd. Sponsored ADR | 30,082 | 1,376,251 | ||||||
| JNBY Design, Ltd. | 240,000 | 490,697 | ||||||
| 6,595,913 | ||||||||
| France | 3.8% | ||||||||
| Societe Generale SA | 15,772 | 858,080 | ||||||
| TOTAL SA | 42,172 | 2,396,788 | ||||||
| 3,254,868 | ||||||||
| Germany | 1.1% | ||||||||
| Aroundtown SA | 57,741 | 447,665 | ||||||
| Vonovia SE | 9,310 | 461,704 | ||||||
| 909,369 | ||||||||
| Hong Kong | 1.3% | ||||||||
| Sands China, Ltd. | 213,200 | 1,157,676 | ||||||
| India | 2.1% | ||||||||
| HCL Technologies, Ltd. | 43,672 | 653,285 | ||||||
| Indiabulls Housing Finance, Ltd. | 37,591 | 724,470 | ||||||
| Tata Consultancy Services, Ltd. | 10,461 | 458,607 | ||||||
| 1,836,362 | ||||||||
| Italy | 0.9% | ||||||||
| Italgas SpA | 125,365 | 750,098 | ||||||
| Japan | 5.1% | ||||||||
| Amada Holdings Co., Ltd. | 100,800 | 1,227,895 | ||||||
| Sumitomo Mitsui Financial Group, Inc. | 47,000 | 1,993,011 | ||||||
| Tokyo Electron, Ltd. | 6,400 | 1,181,973 | ||||||
| 4,402,879 | ||||||||
| Description | Shares | Fair Value | ||||||
| Luxembourg | 0.7% | ||||||||
| SES SA | 41,906 | $ | 567,739 | |||||
| Mexico | 0.5% | ||||||||
| Fibra Uno Administracion SA de CV REIT | 279,500 | 421,891 | ||||||
| Netherlands | 4.4% | ||||||||
| ABN AMRO Group NV | 42,597 | 1,284,288 | ||||||
| Royal Dutch Shell PLC, B Shares | 77,200 | 2,487,764 | ||||||
| 3,772,052 | ||||||||
| Peru | 0.5% | ||||||||
| Credicorp, Ltd. | 2,030 | 460,891 | ||||||
| Portugal | 0.8% | ||||||||
| Galp Energia SGPS SA | 35,990 | 678,856 | ||||||
| Russia | 1.8% | ||||||||
| Mobile TeleSystems PJSC Sponsored ADR | 75,807 | 863,442 | ||||||
| Severstal PJSC GDR | 45,972 | 694,573 | ||||||
| 1,558,015 | ||||||||
| Singapore | 1.3% | ||||||||
| BOC Aviation, Ltd. | 81,700 | 487,013 | ||||||
| NetLink NBN Trust | 1,012,500 | 630,048 | ||||||
| 1,117,061 | ||||||||
| South Africa | 2.3% | ||||||||
| Life Healthcare Group Holdings, Ltd. | 495,107 | 1,161,886 | ||||||
| Standard Bank Group, Ltd. | 46,069 | 852,081 | ||||||
| 2,013,967 | ||||||||
| Sweden | 2.8% | ||||||||
| Nordea Bank AB | 81,835 | 874,257 | ||||||
| Swedbank AB, A Shares | 69,340 | 1,554,701 | ||||||
| 2,428,958 | ||||||||
| Switzerland | 0.8% | ||||||||
| Novartis AG | 8,644 | 699,317 | ||||||
| Taiwan | 6.3% | ||||||||
| Accton Technology Corp. | 211,000 | 696,487 | ||||||
| Hon Hai Precision Industry Co., Ltd. | 412,345 | 1,288,516 | ||||||
| Realtek Semiconductor Corp. | 113,000 | 492,662 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 66,545 | 2,912,009 | ||||||
| 5,389,674 | ||||||||
| Turkey | 2.2% | ||||||||
| Tofas Turk Otomobil Fabrikasi AS | 15,002 | 100,827 | ||||||
| Tupras Turkiye Petrol Rafinerileri AS | 29,165 | 814,215 | ||||||
| Turkcell Iletisim Hizmetleri AS | 246,510 | 942,747 | ||||||
| 1,857,789 | ||||||||
| United Kingdom | 5.0% | ||||||||
| Legal & General Group PLC | 182,542 | 661,244 | ||||||
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2018 (unaudited)
| Description | Shares | Fair Value | ||||||
| Rio Tinto PLC | 43,387 | $ | 2,202,838 | |||||
| St James’s Place PLC | 90,791 | 1,386,067 | ||||||
| 4,250,149 | ||||||||
| United States | 33.9% | ||||||||
| AES Corp. | 65,730 | 747,350 | ||||||
| Aptiv PLC | 5,000 | 424,850 | ||||||
| AT&T, Inc. | 51,053 | 1,820,039 | ||||||
| Blackstone Mortgage Trust, Inc., Class A REIT | 61,569 | 1,934,498 | ||||||
| Brandywine Realty Trust REIT | 27,260 | 432,889 | ||||||
| Chevron Corp. | 6,014 | 685,837 | ||||||
| Cisco Systems, Inc. | 76,800 | 3,293,952 | ||||||
| Cypress Semiconductor Corp. | 40,003 | 678,451 | ||||||
| Eaton Corp. PLC | 41,290 | 3,299,484 | ||||||
| Extra Space Storage, Inc. REIT | 10,140 | 885,830 | ||||||
| Gilead Sciences, Inc. | 12,025 | 906,565 | ||||||
| Johnson & Johnson | 4,640 | 594,616 | ||||||
| Leggett & Platt, Inc. | 13,800 | 612,168 | ||||||
| Occidental Petroleum Corp. | 20,307 | 1,319,143 | ||||||
| PacWest Bancorp | 23,374 | 1,157,714 | ||||||
| Pattern Energy Group, Inc., Class A | 108,562 | 1,877,037 | ||||||
| Pfizer, Inc. | 98,309 | 3,488,986 | ||||||
| Schlumberger, Ltd. | 6,600 | 427,548 | ||||||
| SunTrust Banks, Inc. | 26,820 | 1,824,833 | ||||||
| The Coca-Cola Co. | 51,865 | 2,252,497 | ||||||
| Valero Energy Corp. | 4,730 | 438,802 | ||||||
| 29,103,089 | ||||||||
| Total Common Stocks (Cost $74,761,915) | 81,154,208 | |||||||
| Description | Principal Amount (000) (¢) | Fair Value | ||||||
| Foreign Government Obligations | 16.7% | ||||||||
| Argentina | 0.6% | ||||||||
| Argentina Treasury Bill, 0.00%, 06/15/18 | 11,240 | $ | 521,155 | |||||
| Brazil | 1.7% | ||||||||
| Brazil NTN-F, 10.00%, 01/01/21 | 4,502 | 1,441,240 | ||||||
| Dominican Republic | 0.5% | ||||||||
| Dominican Republic Bonds, 15.95%, 06/04/21 (#) | 16,500 | 399,861 | ||||||
| Egypt | 3.3% | ||||||||
| Egypt Treasury Bills: | ||||||||
| 0.00%, 07/03/18 | 40,975 | 2,225,198 | ||||||
| Description | Principal Amount (000) (¢) | Fair Value | ||||||
| 0.00%, 08/21/18 | 12,100 | $ | 638,019 | |||||
| 2,863,217 | ||||||||
| Indonesia | 1.1% | ||||||||
| Indonesia Government Bonds: | ||||||||
| 8.25%, 07/15/21 | 5,156,000 | 398,005 | ||||||
| 8.375%, 09/15/26 | 6,853,000 | 552,023 | ||||||
| 950,028 | ||||||||
| Malaysia | 2.2% | ||||||||
| Malaysia Government Bonds: | ||||||||
| 3.58%, 09/28/18 | 4,060 | 1,051,314 | ||||||
| 3.759%, 03/15/19 | 2,262 | 588,038 | ||||||
| 3.654%, 10/31/19 | 1,090 | 283,134 | ||||||
| 1,922,486 | ||||||||
| Mexico | 2.5% | ||||||||
| Mexican Bonos: | ||||||||
| 6.50%, 06/10/21 | 27,570 | 1,484,577 | ||||||
| 5.75%, 03/05/26 | 13,350 | 667,343 | ||||||
| 2,151,920 | ||||||||
| Romania | 0.7% | ||||||||
| Romania Government Bonds: | ||||||||
| 5.85%, 04/26/23 | 730 | 208,198 | ||||||
| 5.80%, 07/26/27 | 1,410 | 408,049 | ||||||
| 616,247 | ||||||||
| Russia | 1.2% | ||||||||
| Russia Government Bonds - OFZ, 7.05%, 01/19/28 | 57,800 | 1,016,397 | ||||||
| South Africa | 1.2% | ||||||||
| Republic of South Africa, 6.75%, 03/31/21 | 11,840 | 993,216 | ||||||
| Sri Lanka | 0.1% | ||||||||
| Sri Lanka Government Bonds, 9.25%, 05/01/20 | 16,000 | 101,739 | ||||||
| Turkey | 1.6% | ||||||||
| Turkey Government Bonds: | ||||||||
| 10.40%, 03/27/19 | 2,620 | 643,827 | ||||||
| 2.00%, 10/26/22 | 2,907 | 702,248 | ||||||
| 1,346,075 | ||||||||
| Total Foreign Government Obligations (Cost $14,248,141) | 14,323,581 | |||||||
| Description | Shares | Fair Value | ||||||
| Short-Term Investments | 0.5% | ||||||||
| State Street Institutional Treasury Money Market Fund, Premier Class, 1.51% (7 day yield) (Cost $454,052) | 454,052 | $ | 454,052 | |||||
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2018 (unaudited)
| Total Investments | 111.8% (Cost $89,464,108) (¤) | $ | 95,931,841 | ||||||
| Liabilities in Excess of Cash and Other Assets | (11.8)% | (10,147,323 | ) | ||||||
| Net Assets | 100.0% | $ | 85,784,518 |
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2018 (unaudited)
Forward Currency Contracts open at March 31, 2018:
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| ARS | 4,484,620 | USD | 206,000 | CIT | 08/21/18 | $ | 1,051 | $ | — | |||||||||
| ARS | 10,486,110 | USD | 493,000 | HSB | 06/15/18 | 8,469 | — | |||||||||||
| ARS | 22,007,940 | USD | 1,051,000 | JPM | 05/22/18 | 15,036 | — | |||||||||||
| ARS | 7,414,940 | USD | 361,000 | SCB | 04/27/18 | 2,864 | — | |||||||||||
| BRL | 1,846,462 | USD | 566,000 | CIT | 04/09/18 | — | 6,995 | |||||||||||
| BRL | 2,220,344 | USD | 659,032 | CIT | 10/16/18 | 2,173 | — | |||||||||||
| BRL | 1,158,288 | USD | 354,000 | HSB | 04/20/18 | — | 3,644 | |||||||||||
| CLP | 265,049,820 | USD | 441,000 | HSB | 04/20/18 | — | 2,063 | |||||||||||
| CNY | 11,452,694 | USD | 1,804,000 | CIT | 05/09/18 | 17,547 | — | |||||||||||
| CNY | 2,608,990 | USD | 412,000 | HSB | 05/09/18 | 2,959 | — | |||||||||||
| COP | 2,201,667,200 | USD | 776,000 | CIT | 04/12/18 | 11,865 | — | |||||||||||
| COP | 2,029,251,000 | USD | 710,000 | CIT | 05/29/18 | 15,131 | — | |||||||||||
| COP | 1,278,480,000 | USD | 448,000 | SCB | 05/09/18 | 9,271 | — | |||||||||||
| CZK | 20,522,010 | EUR | 807,000 | CIT | 04/26/18 | 637 | — | |||||||||||
| CZK | 5,977,358 | USD | 291,000 | JPM | 04/26/18 | — | 1,143 | |||||||||||
| DOP | 20,609,400 | USD | 420,000 | CIT | 04/20/18 | — | 4,096 | |||||||||||
| EGP | 13,680,625 | USD | 717,108 | CIT | 05/08/18 | 51,538 | — | |||||||||||
| EGP | 13,570,000 | USD | 704,021 | CIT | 05/21/18 | 56,327 | — | |||||||||||
| EUR | 752,331 | USD | 940,000 | CIT | 05/25/18 | — | 10,926 | |||||||||||
| GHS | 1,014,390 | USD | 221,000 | CIT | 05/07/18 | 5,136 | — | |||||||||||
| GHS | 833,565 | USD | 183,000 | SCB | 04/23/18 | 3,946 | — | |||||||||||
| GHS | 1,176,080 | USD | 244,000 | SCB | 07/09/18 | 11,842 | — | |||||||||||
| HUF | 318,125,350 | USD | 1,268,000 | JPM | 04/27/18 | — | 13,087 | |||||||||||
| IDR | 4,623,705,000 | USD | 333,000 | CIT | 01/07/19 | — | 4,362 | |||||||||||
| IDR | 14,393,280,000 | USD | 1,034,000 | HSB | 04/26/18 | 13,138 | — | |||||||||||
| IDR | 1,646,690,000 | USD | 118,000 | HSB | 01/07/19 | — | 959 | |||||||||||
| IDR | 6,094,179,000 | USD | 441,000 | SCB | 04/06/18 | 2,181 | — | |||||||||||
| INR | 23,271,720 | USD | 356,000 | CIT | 05/08/18 | 318 | — | |||||||||||
| INR | 43,397,024 | USD | 666,314 | HSB | 04/09/18 | 24 | — | |||||||||||
| INR | 101,964,510 | USD | 1,580,000 | SCB | 04/20/18 | — | 15,272 | |||||||||||
| KRW | 920,684,520 | USD | 861,000 | SCB | 04/12/18 | 5,814 | — | |||||||||||
| KZT | 167,752,250 | USD | 523,000 | CIT | 04/06/18 | 2,340 | — | |||||||||||
| KZT | 190,983,000 | USD | 590,000 | CIT | 04/26/18 | 6,157 | — | |||||||||||
| KZT | 184,517,460 | USD | 573,000 | SCB | 05/25/18 | 570 | — | |||||||||||
| NGN | 173,375,000 | USD | 475,000 | CIT | 06/19/18 | 24,721 | — | |||||||||||
| NGN | 145,500,000 | USD | 388,000 | HSB | 12/27/18 | 11,141 | — | |||||||||||
| NGN | 146,916,000 | USD | 396,000 | JPM | 09/19/18 | 17,103 | — | |||||||||||
| NGN | 172,662,500 | USD | 475,000 | SCB | 05/21/18 | 27,409 | — | |||||||||||
| NGN | 140,145,250 | USD | 371,000 | SCB | 12/27/18 | 13,452 | — | |||||||||||
| PEN | 3,021,018 | USD | 924,000 | HSB | 05/18/18 | 11,023 | — | |||||||||||
| PEN | 1,289,917 | USD | 394,000 | SCB | 04/16/18 | 5,653 | — | |||||||||||
| PHP | 70,880,288 | USD | 1,397,000 | JPM | 04/12/18 | — | 40,140 | |||||||||||
| PLN | 4,418,077 | USD | 1,302,000 | JPM | 04/16/18 | — | 11,234 | |||||||||||
| PLN | 1,310,698 | USD | 385,000 | SCB | 04/30/18 | — | 1,964 | |||||||||||
| RUB | 24,364,620 | USD | 427,000 | SCB | 04/16/18 | — | 2,439 | |||||||||||
| RUB | 42,289,797 | USD | 737,000 | SCB | 05/16/18 | — | 2,857 | |||||||||||
Lazard World Dividend & Income Fund, Inc.
Portfolio of Investments (concluded)
March 31, 2018 (unaudited)
Forward Currency Contracts open at March 31, 2018 (concluded):
| Currency Purchased | Quantity | Currency Sold | Quantity | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||||||
| SGD | 832,368 | USD | 637,000 | SCB | 05/31/18 | $ | — | $ | 1,357 | |||||||||
| THB | 51,391,503 | USD | 1,651,000 | SCB | 05/16/18 | — | 5,175 | |||||||||||
| TRY | 2,722,757 | USD | 628,000 | SCB | 11/13/18 | 16,619 | — | |||||||||||
| UAH | 6,861,850 | USD | 233,000 | SCB | 07/26/18 | 15,199 | — | |||||||||||
| USD | 1,056,000 | AUD | 1,378,680 | SCB | 06/04/18 | — | 2,991 | |||||||||||
| USD | 669,000 | BRL | 2,220,344 | HSB | 10/16/18 | 7,795 | — | |||||||||||
| USD | 467,000 | CNY | 2,994,404 | HSB | 05/09/18 | — | 9,259 | |||||||||||
| USD | 468,000 | COP | 1,302,444,000 | CIT | 04/12/18 | 1,921 | — | |||||||||||
| USD | 731,976 | EGP | 13,680,625 | CIT | 05/08/18 | — | 36,670 | |||||||||||
| USD | 722,962 | EGP | 13,570,000 | CIT | 05/21/18 | — | 37,385 | |||||||||||
| USD | 1,617,000 | EUR | 1,307,036 | CIT | 05/25/18 | 2,905 | — | |||||||||||
| USD | 396,000 | IDR | 5,486,976,000 | SCB | 04/06/18 | — | 3,024 | |||||||||||
| USD | 637,000 | JPY | 67,114,957 | HSB | 05/29/18 | 4,036 | — | |||||||||||
| USD | 1,038,000 | MXN | 19,691,379 | SCB | 05/23/18 | — | 36,777 | |||||||||||
| USD | 422,375 | RON | 1,590,959 | CIT | 03/15/19 | 2,522 | — | |||||||||||
| USD | 350,000 | TRY | 1,344,823 | CIT | 04/05/18 | 9,433 | — | |||||||||||
| USD | 419,000 | TRY | 1,628,423 | SCB | 04/05/18 | 6,613 | — | |||||||||||
| USD | 431,000 | TRY | 1,668,401 | SCB | 04/05/18 | 8,489 | — | |||||||||||
| USD | 500,113 | UYU | 14,545,800 | HSB | 04/18/18 | — | 11,462 | |||||||||||
| USD | 857,000 | ZAR | 10,348,361 | SCB | 04/20/18 | — | 15,099 | |||||||||||
| USD | 63,398 | ZAR | 748,702 | SCB | 05/16/18 | 525 | — | |||||||||||
| UYU | 14,094,080 | USD | 484,000 | JPM | 04/18/18 | 11,689 | — | |||||||||||
| UYU | 19,014,650 | USD | 655,000 | JPM | 04/18/18 | 13,745 | — | |||||||||||
| ZAR | 4,171,981 | USD | 347,000 | CIT | 05/16/18 | 3,345 | — | |||||||||||
| ZAR | 5,024,934 | USD | 428,000 | SCB | 04/20/18 | — | 4,528 | |||||||||||
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | $ | 461,672 | $ | 284,908 | ||||||||||||||
Currency Abbreviations:
| ARS | — Argentinian Peso |
| AUD | — Australian Dollar |
| BRL | — Brazilian Real |
| CLP | — Chilean Peso |
| CNY | — Chinese Renminbi |
| COP | — Colombian Peso |
| CZK | — Czech Koruna |
| DOP | — Dominican Republic Peso |
| EGP | — Egyptian Pound |
| EUR | — Euro |
| GHS | — Ghanaian Cedi |
| HUF | — Hungarian Forint |
| IDR | — Indonesian Rupiah |
| INR | — Indian Rupee |
| JPY | — Japanese Yen |
| KRW | — South Korean Won |
| KZT | — Kazakhstan Tenge |
| MXN | — Mexican New Peso |
| NGN | — Nigerian Naira |
| PEN | — Peruvian New Sol |
| PHP | — Philippine Peso |
| PLN | — Polish Zloty |
| RON | — New Romanian Leu |
| RUB | — Russian Ruble |
| SGD | — Singapore Dollar |
| THB | — Thai Baht |
| TRY | — New Turkish Lira |
| UAH | — Ukranian Hryvnia |
| USD | — United States Dollar |
| UYU | — Uruguayan Peso |
| ZAR | — South African Rand |
Counterparty Abbreviations:
| CIT | — Citibank NA |
| HSB | — HSBC Bank USA NA |
| JPM | — JPMorgan Chase Bank NA |
| SCB | — Standard Chartered Bank |
Lazard World Dividend & Income Fund, Inc.
Notes to Portfolio of Investments
March 31, 2018 (unaudited)
| (¢) | 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 March 31, 2018, these securities amounted to 0.5% of net assets. |
| (¤) | Lazard World Dividend & 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 |
| PJSC | - Public Joint Stock Company |
| REIT | - Real Estate Investment Trust |
Portfolio holdings by industry† (as a percentage of net assets):
| Auto Components | 0.5 | % | |
| Automobiles | 0.1 | ||
| Banks | 18.2 | ||
| Beverages | 3.5 | ||
| Biotechnology | 1.1 | ||
| Capital Markets | 3.3 | ||
| Chemicals | 0.8 | ||
| Communications Equipment | 4.6 | ||
| Diversified Telecommunication Services | 2.9 | ||
| Electrical Equipment | 3.8 | ||
| Electronic Equipment, Instruments & Components | 1.5 | ||
| Energy Equipment & Services | 0.5 | ||
| Equity Real Estate Investment Trusts (REITs) | 2.0 | ||
| Gas Utilities | 0.9 | ||
| Health Care Providers & Services | 1.3 | ||
| Hotels, Restaurants & Leisure | 1.3 | ||
| Household Durables | 0.7 | ||
| Independent Power and Renewable Electricity Producers | 3.1 | ||
| Insurance | 1.6 | ||
| IT Services | 2.8 | ||
| Machinery | 1.4 | ||
| Media | 0.7 | ||
| Metals & Mining | 5.5 | ||
| Mortgage Real Estate Investment Trusts (REITs) | 2.2 | ||
| Oil, Gas & Consumable Fuels | 11.8 | ||
| Pharmaceuticals | 5.6 | ||
| Real Estate Management & Development | 1.1 | ||
| Semiconductors & Semiconductor Equipment | 6.1 | ||
| Textiles, Apparel & Luxury Goods | 0.6 | ||
| Thrifts & Mortgage Finance | 0.8 | ||
| Trading Companies & Distributors | 0.6 | ||
| Wireless Telecommunication Services | 3.7 | ||
| Subtotal | 94.6 | ||
| Foreign Government Obligations | 16.7 | ||
| Short-Term Investments | 0.5 | ||
| Total Investments | 111.8 | % |
| † | 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 World Dividend & Income Fund, Inc.
| By: | /s/ Nathan A. Paul |
| Nathan A. Paul | |
| Chief Executive Officer | |
| Date: | May 25, 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: | May 25, 2018 |
| By: | /s/ Christopher Snively |
| Christopher Snively | |
| Chief Financial Officer | |
| Date: | May 25, 2018 |