Lazard : Historical AUM April 2021

MONTHLY ASSETS UNDER MANAGEMENT

($ in millions)

2018		Jan-2018	Feb-2018	Mar-2018	Apr-2018	May-2018	Jun-2018	Jul-2018	Aug-2018	Sept-2018	Oct-2018	Nov-2018	Dec-2018
Total AUM
Opening Balance	$249,459		$263,482		$253,925		$251,680			$249,345		$244,326		$237,876		$243,836		$240,355		$240,087		$224,697		$225,779
Net Flows	1,160		260		987		(1,540)		4		(2,310)	744		28		(1,060)	(4)	(1,704)	(1,463)
Market Apprec/(Deprec)	7,829		(7,259)	(3,368)	2,356			(1,736)	(2,446)	4,893		(1,206)	721		(13,139)	2,160		(10,103)
FX Movement		5,034		(2,558)	136		(3,151)		(3,287)	(1,694)	323		(2,303)	71		(2,247)	626		521
Ending Balance		$263,482		$253,925		$251,680		$249,345			$244,326		$237,876		$243,836		$240,355		$240,087		$224,697		$225,779		$214,734
Equity	$221,964		$212,817		$210,077		$208,483			$204,418		$198,841		$203,904		$200,951		$201,006		$186,016		$187,950		$176,998
Fixed Income	36,607		36,236		36,656		36,070			35,072		34,065		35,217		34,685		34,390		33,866		32,948		32,938
Other		4,911		4,872		4,947		4,792			4,836		4,970		4,715		4,719		4,691		4,815		4,881		4,798
Ending Balance	$263,482		$253,925		$251,680		$249,345			$244,326		$237,876		$243,836		$240,355		$240,087		$224,697		$225,779		$214,734
2019		Jan-2019	Feb-2019	Mar-2019	Apr-2019	May-2019	June-2019	July-2019	Aug-2019	Sept-2019	Oct-2019	Nov-2019	Dec-2019
Total AUM
Opening Balance	$214,734		$229,977		$234,401		$234,979			$239,643		$228,665		$237,466		$234,843		$228,813		$230,874		$235,846		$236,744
Net Flows	742		165		(869)	(1,286)		(1,417)	(2,543)	(2,021)	(432)	(1,932)	(533)	(1,544)	2,596
Market Apprec/(Deprec)	12,652		5,499		2,937		6,564			(8,697)	9,035		1,524		(3,844)	4,515		2,902		3,834		6,058
FX Movement		1,849		(1,240)	(1,490)	(614)		(864)	2,309		(2,126)	(1,754)	(522)	2,603		(1,392)	2,841
Ending Balance		$229,977		$234,401		$234,979		$239,643			$228,665		$237,466		$234,843		$228,813		$230,874		$235,846		$236,744		$248,239
Equity	$190,365		$194,788		$195,095		$199,268			$188,130		$195,858		$192,804		$187,221		$188,455		$193,611		$194,932		$205,541
Fixed Income	34,749		34,696		35,008		35,163			35,302		36,589		37,171		36,844		37,722		37,564		37,336		38,263
Other		4,863		4,917		4,876		5,212			5,233		5,019		4,868		4,748		4,697		4,671		4,476		4,435
Ending Balance	$229,977		$234,401		$234,979		$239,643			$228,665		$237,466		$234,843		$228,813		$230,874		$235,846		$236,744		$248,239
		Jan-2020	Feb-2020	Mar-2020	Apr-2020	May-2020	June-2020	July-2020	Aug-2020	Sept-2020	Oct-2020	Nov-2020	Dec-2020
2020
Total AUM
Opening Balance	$248,239		$243,581		$226,828		$193,048			$204,576		$210,856		$214,704		$222,511		$232,279		$227,752		$224,181		$247,649
Net Flows	(1,471)	(868)	(2,574)	(2,604)		(2,209)	(1,155)	(1,399)	540		658		324		(1,024)	414
Market Apprec/(Deprec)	(1,084)	(14,001)	(28,602)	13,514			7,514		4,151		4,535		8,160		(3,171)	(3,880)	21,552		7,710
FX Movement		(2,103)	(1,884)	(2,604)	618			975		852		4,671		1,068		(2,014)	(15)	2,940		2,869
Ending Balance		$243,581		$226,828		$193,048		$204,576			$210,856		$214,704		$222,511		$232,279		$227,752		$224,181		$247,649		$258,642
Equity	$200,411		$184,038		$154,641		$165,492			$170,642		$173,515		$178,639		$187,301		$183,755		$179,583		$201,083		$209,732
Fixed Income	38,692		38,421		34,321		34,954			36,032		36,884		39,374		40,402		39,497		39,962		41,626		43,784
Other		4,478		4,369		4,086		4,130			4,182		4,305		4,498		4,576		4,500		4,636		4,940		5,126
Ending Balance	$243,581		$226,828		$193,048		$204,576			$210,856		$214,704		$222,511		$232,279		$227,752		$224,181		$247,649		$258,642
2021		Jan-2021	Feb-2021	Mar-2021	Apr-2021(1)
Total AUM
Opening Balance	$258,642		$255,182		$260,681		$264,852
Net Flows	(1,093)	195		(781)	(80)
Market Apprec/(Deprec)	(1,249)	5,573		8,156		6,861
FX Movement		(1,118)	(269)	(3,204)	2,723
Ending Balance		$255,182		$260,681		$264,852		$274,356
Equity	$206,246		$209,807		$215,459		$222,715
Fixed Income	43,872		45,572		44,249		46,301
Other		5,064		5,302		5,144		5,340
Ending Balance	$255,182		$260,681		$264,852		$274,356

(1) Preliminary - subject to review

QUARTERLY & FULL YEAR ASSETS UNDER MANAGEMENT

($ in millions)

2018		Q1	Q2	Q3	Q4			FY
Total AUM
Opening Balance	$249,459			$251,680		$237,876		$240,087				$249,459
Net Flows	2,407			(3,846)	(288)	(3,171)			(4,898)
Market Apprec/(Deprec)	(2,798)		(1,826)	4,408		(21,082)			(21,298)
FX Movement		2,612			(8,132)	(1,909)	(1,100)			(8,529)
Ending Balance		$251,680			$237,876		$240,087		$214,734				$214,734
Equity	$210,077			$198,841		$201,006		$176,998				$176,998
Fixed Income	36,656			34,065		34,390		32,938				32,938
Other		4,947			4,970		4,691		4,798				4,798
Ending Balance	$251,680			$237,876		$240,087		$214,734				$214,734
2019		Q1	Q2	Q3	Q4			FY
Total AUM
Opening Balance	$214,734			$234,979		$237,466		$230,874				$214,734
Net Flows	38			(5,246)	(4,385)	519				(9,074)
Market Apprec/(Deprec)	21,088			6,902		2,195		12,794				42,979
FX Movement		(881)		831		(4,402)	4,052				(400)
Ending Balance		$234,979			$237,466		$230,874		$248,239				$248,239
Equity	$195,095			$195,858		$188,455		$205,541				$205,541
Fixed Income	35,008			36,589		37,722		38,263				38,263
Other		4,876			5,019		4,697		4,435				4,435
Ending Balance	$234,979			$237,466		$230,874		$248,239				$248,239
2020		Q1	Q2	Q3	Q4			FY
Total AUM
Opening Balance	$248,239			$193,048		$214,704		$227,752				$248,239
Net Flows	(4,913)		(5,968)	(201)	(286)			(11,368)
Market Apprec/(Deprec)	(43,687)		25,179		9,524		25,382				16,398
FX Movement		(6,591)		2,445		3,725		5,794				5,373
Ending Balance		$193,048			$214,704		$227,752		$258,642				$258,642
Equity	154,641			173,515		183,755		209,732				209,732
Fixed Income	34,321			36,884		39,497		43,784				43,784
Other		4,086			4,305		4,500		5,126				5,126
Ending Balance	$193,048			$214,704		$227,752		$258,642				$258,642
2021		Q1
Total AUM
Opening Balance	$258,642
Net Flows	(1,679)
Market Apprec/(Deprec)	12,480
FX Movement		(4,591)
Ending Balance		$264,852
Equity	215,459
Fixed Income	44,249
Other		5,144
Ending Balance		$264,852