Pzena Mid Cap Value Fund (PZVMX)

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Pzena Mid Cap Value Fund (PZVMX) is up 11.6% since the beginning of the year. PZVMX is currently trading at $13 per share. Investors who bought $1,000 worth of PZVMX shares 5 years ago would now be looking at an investment worth $1,251.

Pzena Mid Cap Value Fund (PZVMX) has returned 11.57% so far this year and 15.38% over the past 12 months. Over the last ten years, PZVMX has returned 9.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2015, PZVMX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +20.9%, while the worst month was Mar 2020 at -32.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PZVMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +14.6%, while the worst single day was Mar 16, 2020 at -14.2%.

Pzena Mid Cap Value Fund has an annualized alpha of -3.70%, beta of 1.12, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since January 05, 2015.

• This fund participated in 122.28% of S&P 500 Index downside but only 104.66% of its upside - more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -3.70% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 1.12 and R2 of 0.66, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

PZVMX has a high expense ratio of 1.32%, indicating above-average management fees.

PZVMX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Pzena Mid Cap Value Fund (PZVMX) and compare them to S&P 500 Index.

Pzena Mid Cap Value Fund provided a 3.83% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

The table displays the monthly dividend distributions for Pzena Mid Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Pzena Mid Cap 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 Mid Cap Value Fund was 54.06%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The chart below shows the rolling one-month volatility.