About PZIIX
Pzena International Small Cap Value Fund Institutional Class is a mutual fund focused on long-term capital appreciation by investing primarily in small-cap companies located in developed markets outside of the United States. The fund follows a value-oriented investment strategy, seeking stocks that are considered undervalued relative to their intrinsic worth while maintaining solid long-term fundamentals. At least 80% of its net assets are allocated to common stocks of these international small-cap firms, spanning diverse sectors such as consumer defensive, technology, financial services, basic materials, and industrials. The portfolio typically includes a concentrated selection of holdings, with a significant portion invested in its top positions, reflecting the fund’s high-conviction approach. Designed for institutional investors, this share class features a minimum initial investment of $1 million and an expense ratio that is modestly higher than some peers. The fund plays a specialized role in the market by offering exposure to international small-cap value equities, complementing broader global or domestic investment strategies and enhancing diversification in multi-asset portfolios.
Fund Family Pzena
Category Foreign Small/Mid Value
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PZIIX
Share Class Institutional Class
Index MSCI World ex USA Small Cap NR USD
PZIIX had a total return of 11.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.97%.
