PZISX – Pzena Small Cap Value Institutional 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 stocks of “small-cap value” companies.

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
PZVSX	Pzena Small Cap Value Fund Investor Class	No Load	Open			Apr 27, 2016	$3.75M	1.350%	High	$5,000	$171,467.20
PZISX	Pzena Small Cap Value Fund Institutional Class	Institutional	Open			Apr 27, 2016	$81.65M	1.000%	Above Average	$1M	$19.04M

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