PZIEX – Pzena Emerging Markets Value Instl Investment Strategy | Morningstar

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Strategy

The investment seeks to achieve long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in “value” stocks of companies located in emerging market and frontier market countries. The fund may also invest in real estate investment trusts ("REITs"), including foreign real estate companies operating in emerging markets.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PZVEX	Pzena Emerging Markets Value Fund Investor	No Load	Open			Mar 31, 2014	$65.86M	1.430%	High	$5,000	$1.57M
PZIEX	Pzena Emerging Markets Value Fund Institutional	Institutional	Open			Mar 31, 2014	$4.26B	1.080%	Above Average	$1M	$821.99M

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