Pzena Enters the Active ETF Space with Launch of Two Exchange-Traded Funds

Further Information

Pzena Investment Management, LLC is located at 320 Park Avenue, 8th Floor, New York, NY 10022 and is a registered investment adviser registered with the United States Securities and Exchange Commission.

All investments involve risk, including loss of principal.  The value of your investment may go down as well as up, and you may not receive upon redemption the full amount of your original investment. The views and statements contained herein are those of Pzena Investment Management and are based on internal research. 

Important Information

Carefully consider the fund’s objectives, risks, charges, and expenses before investing. The prospectus at www.pzena.com/etfs or 1-844-PZN-1996 (1-844-796-1996) provides the full details. Read it carefully before investing.

Investing involves risk, including the possible loss of principal. As an actively managed fund, the Fund relies on the Adviser’s investment decisions, which cannot be guaranteed to achieve the intended results.

Equity securities can fluctuate in value due to political or economic events or changes in a company’s financial condition, sometimes sharply or unpredictably. Large-capitalization companies may be slower to adapt to competitive pressures and may not grow as quickly as smaller companies, especially during economic expansions.

Investments in foreign securities involve political, economic, and currency risks, as well as differing accounting standards; these risks are greater in emerging markets. Investments in Real Estate Investment Trusts (REITs) are subject to risks associated with direct real estate ownership.

The Fund’s value-oriented strategy focuses on companies believed to be undervalued, which may not appreciate as expected and may under-perform other investment styles or the broader market.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The Pzena Funds are distributed by Quasar Distributors, LLC.

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