Pzena Emerging Markets Value Fund Institutional (PZIEX) Fund Details & Analysis

Fund Information

Fund Category Diversified Emerging Mkts

Fund Family Pzena

Fund Style Large Value

ISIN US00770X6756

CUSIP 00770X675

Inception Date 2014-03-31

Domicile United States

Country USA

Fiscal Year End February

NAV Chart

Fund Metrics

Net Assets $3.21 Billion

Share Class Net Assets $3.15 Billion

Expense Ratio 1.08%

Expense Ratio Date 2025-06-28

Dividend Yield 0.03%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 9.78%

1-Year Return 47.21%

3-Year Return 20.34%

5-Year Return 12.50%

NAV $16.84

Previous Close Price $16.75

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.03%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Pzena Emerging Markets Value Fund Institutional

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of companies located in emerging market countries. It seeks to invest in stocks that, in the opinion of the Adviser, sell at a substantial discount to their intrinsic value but have solid long-term prospects. The fund may also invest in real estate investment trusts ("REITs"), including foreign real estate companies operating in emerging markets.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 28927.68%

Giant 39.88%

Large 29.84%

Medium 25.08%

Micro 0.87%

Small 1.94%

Value & Growth Metrics

Book-Value Growth % 7.17%

Cash-Flow Growth % -3.80%

Dividend Yield % 4.49%

Historical Earnings % 1.60%

Long-Term Earnings % 8.22%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.11%	0.00%
Cash	2.39%	2.39%	0.00%	2.08%	0.00%
Non US Stock	94.46%	94.46%	0.00%	96.33%	99.64%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.17%	0.00%
US Stock	3.15%	3.15%	0.00%	2.00%	0.36%

Top Holdings

Name	Weight	Owned	Change
Taiwan Semiconductor Manufacturing Co Ltd	3.97%	-	-
Fidelity Government Portfolio	3.72%	-	-
Alibaba Group Holding Ltd	2.63%	-	-
Ambev SA	2.69%	-	-
Samsung Electronics Co Ltd	4.28%	-	-
China Overseas Land Investment Ltd	2.73%	-	-
WH Group Ltd	2.66%	-	-
Weichai Power Co Ltd	2.93%	-	-
Cognizant Technology Solutions Corp	2.59%	-	-
Bank Rakyat Indonesia Persero Tbk PT	2.21%	-	-
First American Government Obligations Fund	2.24%	-	-
China Merchants Bank Co Ltd	2.25%	-	-
Galaxy Entertainment Group Ltd	2.62%	-	-
Haier Smart Home Co Ltd	2.57%	-	-
Tencent Holdings Ltd	2.44%	-	-
Credicorp Ltd	2.24%	-	-

See the full breakdown of PZIEX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	2.68%	92.23%	100.00%	0.00%
Bond Sector	Corporate	2.68%	0.21%	0.00%	0.00%
Bond Sector	Derivative	2.68%	0.84%	0.00%	0.00%
Bond Sector	Government	2.68%	3.94%	0.00%	0.00%
Bond Sector	Municipal	2.68%	0.44%	0.00%	0.00%
Bond Sector	Securitized	2.68%	2.34%	0.00%	0.00%
Cyclical	Basic Materials	6.53%	5.60%	0.00%	6.76%
Cyclical	Consumer Cyclical	18.33%	13.27%	0.00%	12.12%
Cyclical	Financial Services	26.45%	21.94%	0.00%	21.56%
Cyclical	Real Estate	2.24%	1.45%	0.00%	1.23%
Defensive	Consumer Defensive	10.19%	4.36%	0.00%	3.44%
Defensive	Healthcare	1.43%	3.17%	0.00%	3.25%
Defensive	Utilities	2.68%	1.57%	0.00%	2.60%
Sensitive	Communication Services	4.63%	9.60%	0.00%	8.90%
Sensitive	Energy	3.44%	3.70%	0.00%	4.19%
Sensitive	Industrials	6.06%	7.80%	0.00%	7.85%
Sensitive	Technology	18.02%	27.54%	0.00%	28.10%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	11.20%	15.02%	6.27%
Americas	North America	2.24%	3.23%	0.36%
Greater Asia	Asia Developed	31.85%	34.78%	33.12%
Greater Asia	Asia Emerging	43.61%	36.82%	49.02%
Greater Asia	Australasia	0.02%	-	0.01%
Greater Asia	Japan	0.05%	-	-
Greater Europe	Africa/Middle East	6.58%	1.76%	9.65%
Greater Europe	Europe Developed	1.76%	-	0.63%
Greater Europe	Europe Emerging	2.21%	6.68%	0.93%
Greater Europe	United Kingdom	0.48%	1.72%	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-19	$0.542	$0.542	USD	-	-	-	-
2023-12-19	$0.421	$0.421	USD	-	2023-12-18	2023-12-19	Annual
2022-12-14	$0.194	$0.194	USD	2022-12-14	2022-12-13	2022-12-14	Annual
2021-12-14	$0.247	$0.247	USD	2021-12-14	2021-12-13	2021-12-14	Annual
2020-12-08	$0.114	$0.114	USD	-	2020-12-07	2020-12-08	Annual
2019-12-11	$0.169	$0.169	USD	2019-12-11	2019-12-10	2019-12-11	Annual
2018-12-31	$0.005	$0.005	USD	2018-12-31	2018-12-28	2018-12-31	Annual
2018-12-11	$0.121	$0.121	USD	2018-12-11	2018-12-10	2018-12-11	Annual
2017-12-12	$0.156	$0.156	USD	2017-12-12	2017-12-11	2017-12-12	Annual
2016-12-12	$0.085	$0.085	USD	2016-12-12	2016-12-09	2016-12-12	Annual
2016-12-05	$0.159	$0.159	USD	2015-12-08	2016-12-07	2016-12-08	Annual
2015-12-08	$0.159	$0.159	USD	-	-	-	-
2014-12-16	$0.037	$0.037	USD	2014-12-16	2014-12-15	2014-12-16	Other

Pzena Emerging Markets Value Fund Institutional NMFQS:PZIEX