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 Above 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 20.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.35%.
