About PZIEX
Pzena Emerging Markets Value Fund Institutional is an international equity mutual fund designed to achieve long-term capital appreciation by investing primarily in companies located in emerging market countries. The fund employs a value-oriented investment strategy, seeking out stocks trading at significant discounts to their intrinsic value but possessing strong long-term growth prospects. It typically allocates at least 80% of its net assets to emerging market equities, constructing a concentrated portfolio of 40 to 80 stocks through rigorous, research-driven, bottom-up security selection and fundamental analysis. The fund’s holdings span diverse regions—including Asia, Latin America, Europe, Africa, and the Middle East—with a notable concentration in Asian markets such as China, Korea, and Taiwan. Its sector allocation is broad, encompassing technology, consumer cyclical, real estate, financial services, and defensive sectors. Catering primarily to institutional investors, the fund features a relatively high minimum investment and focuses on companies with turnaround potential in the cheapest segments of the market. Since its inception in 2014, the fund has maintained a long-term perspective, aiming to provide diversification benefits and access to growth opportunities within the often-volatile but dynamic emerging markets segment.
Fund Family Pzena
Category Diversified Emerging Mkts
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PZIEX
Share Class Institutional Class
Index MSCI EM (Emerging Markets) NR USD
PZIEX had a total return of 22.70% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.15%.
