LAZARD LTD

CUSIP: G54050102 Class: Foreign Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 6,584 Value ($000) $255 Avg Close — Range —
Q4 2015
Shares 4,973 Value ($000) $224 Avg Close — Range —