Pzena Mid Cap Value Fund Institutional Class (PZIMX)

Overview

The fund represents an investment vehicle focusing on mid-cap companies perceived to be undervalued but with promising long-term growth potential. It primarily targets the U.S. stock market while allocating a portion of its portfolio to international investments through specific financial instruments. The fund adopts a strategy that emphasizes investing in companies at substantial discounts to their intrinsic value, aiming to capitalize on future appreciation. It also allows for investments in real estate markets via REITs, diversifying its portfolio further.

Products and Services

• Mid-Cap Stock Investments

  This product targets investments in mid-cap companies, defined as those with medium market capitalizations, which are believed to be undervalued. The fund dedicates at least 80% of its assets to such stocks, aiming to benefit from their anticipated market correction and growth in intrinsic value over the long term.

• American Depositary Receipts (ADRs) and Dollar-Denominated Foreign Securities

  Expanding its investment horizon, the fund allocates up to 20% of its assets to foreign companies. This is primarily executed through ADRs, which are U.S. bank-issued certificates representing shares in foreign stocks, and directly through dollar-denominated foreign securities. This strategy is designed to tap into the growth potential of international markets while mitigating currency risk.

• Real Estate Investment Trusts (REITs)

  As part of its diversified investment approach, the fund may also allocate a portion of its portfolio to REITs. These trusts invest directly in real estate and offer investors income streams through dividends, alongside opportunities for capital appreciation. Investing in REITs allows the fund to gain exposure to the real estate sector, contributing to its risk diversification strategy.