Pzena U.S. Large Cap Value ETF (PZLV)

The Pzena U.S. Large Cap Value ETF is an actively managed equity fund from Pzena Investment Management, a New York-based asset manager focused on deep value investing.

The fund invests in large U.S. companies that Pzena judges to be undervalued relative to their normalized earnings. The firm's process emphasizes businesses facing what it considers temporary setbacks, buying them at low valuations and holding them while their fundamentals recover. The resulting portfolio is typically concentrated and can differ substantially from broad market indexes.

The fund trades on NYSE Arca under the ticker PZLV and is the U.S. large-cap companion to Pzena's international value ETF.