Pzena Emerging Markets Value Fund (PZVEX)
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.
Fund Info
US00770X6830
00770X683
Mar 30, 2014
$5,000
Large-Cap
Value
Expense Ratio
PZVEX has a high expense ratio of 1.43%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Pzena Emerging Markets Value Fund (PZVEX) returned 9.89% year-to-date (YTD) and 6.07% over the past 12 months. Over the past 10 years, PZVEX returned 5.22% annually, underperforming the S&P 500 benchmark at 10.85%.
PZVEX
9.89%
3.59%
4.52%
6.07%
7.64%
13.21%
5.22%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PZVEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.13% | 1.31% | 1.70% | -0.16% | 3.59% | 9.89% | |||||||
| 2024 | -4.12% | 3.78% | 3.39% | 1.92% | -0.71% | 0.71% | 0.08% | 1.57% | 9.11% | -5.66% | -2.93% | -4.89% | 1.29% |
| 2023 | 6.84% | -3.51% | 3.27% | -0.26% | -1.06% | 6.96% | 8.34% | -5.00% | -1.70% | -4.53% | 6.39% | 1.74% | 17.48% |
| 2022 | 2.85% | -2.52% | 1.38% | -4.09% | 0.80% | -7.57% | 1.05% | 0.38% | -9.39% | -0.73% | 13.88% | -0.70% | -6.29% |
| 2021 | 0.09% | 6.28% | 4.05% | 1.70% | 2.31% | -1.48% | -3.40% | 3.20% | -3.18% | 0.90% | -5.77% | 1.52% | 5.72% |
| 2020 | -6.33% | -8.20% | -21.99% | 10.16% | 1.56% | 6.39% | 6.13% | 1.47% | -2.79% | 0.69% | 16.30% | 10.04% | 7.71% |
| 2019 | 7.54% | 0.09% | -0.85% | 2.10% | -8.04% | 5.70% | -2.31% | -6.40% | 2.42% | 4.01% | 1.68% | 2.68% | 7.70% |
| 2018 | 7.40% | -3.70% | -2.36% | -0.09% | -3.76% | -3.53% | 2.31% | -1.60% | 1.82% | -7.42% | 2.74% | -2.12% | -10.60% |
| 2017 | 6.95% | 2.60% | 2.95% | 0.92% | 2.94% | 1.09% | 5.95% | 0.37% | -1.28% | 3.81% | -1.88% | 2.39% | 29.89% |
| 2016 | -5.87% | 0.15% | 14.69% | 2.72% | -5.16% | 3.19% | 7.34% | 2.04% | 0.59% | 2.10% | -1.03% | 0.59% | 21.69% |
| 2015 | -1.80% | 3.79% | -3.65% | 11.25% | -4.13% | -4.63% | -6.32% | -8.55% | -2.77% | 6.23% | -4.34% | -2.88% | -17.88% |
| 2014 | -0.40% | 5.22% | 0.86% | 0.57% | 3.20% | -6.93% | -2.25% | -3.51% | -7.74% | -11.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PZVEX is 21, meaning it’s performing worse than 79% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pzena Emerging Markets Value Fund (PZVEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Pzena Emerging Markets Value Fund provided a 6.40% dividend yield over the last twelve months, with an annual payout of $0.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.83 | $0.67 | $0.19 | $0.28 | $0.12 | $0.39 | $0.10 | $0.14 | $0.06 | $0.14 | $0.03 |
Dividend yield | 6.40% | 7.03% | 5.49% | 1.80% | 2.46% | 1.07% | 3.71% | 0.97% | 1.25% | 0.72% | 1.90% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Pzena Emerging Markets Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2014 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pzena Emerging Markets Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pzena Emerging Markets Value Fund was 47.66%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current Pzena Emerging Markets Value Fund drawdown is 6.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.66% | Jan 29, 2018 | 541 | Mar 23, 2020 | 202 | Jan 8, 2021 | 743 |
| -43.5% | Sep 4, 2014 | 348 | Jan 21, 2016 | 385 | Aug 1, 2017 | 733 |
| -26.22% | Jun 14, 2021 | 345 | Oct 24, 2022 | 187 | Jul 25, 2023 | 532 |
| -18.78% | Oct 8, 2024 | 125 | Apr 8, 2025 | — | — | — |
| -10.86% | Aug 1, 2023 | 65 | Oct 31, 2023 | 97 | Mar 21, 2024 | 162 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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