UCITS Funds

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities or investment advisory services in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. This document has not been reviewed or endorsed by the Central Bank of Ireland. The information contained herein is general in nature and does not constitute legal, tax, or investment advice. Prospective investors are encouraged to consult their own professional advisers as to the implications of making an investment in any securities. Further detailed information regarding the Fund, its Prospectus, Supplements, KIIDs and latest annual reports, is available free of charge from the Fund Management Company’s website (https://www.waystone.com/funds/pzena-value-funds-plc/).

Past performance is not indicative of future results. 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. Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. The views and statements contained herein are those of Pzena Investment Management and are based on internal research.

Pzena Investment Management, LLC, the investment manager of the fund, 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.

Waystone Management Company (IE) Limited, the fund manager, is authorised and regulated as a management company by the Central Bank of Ireland under the UCITS Regulations and is located at 3rd Floor, 76 Lower Baggot Street, Dublin 2, Ireland.

This document should be read in conjunction with its prospectus and Key Investor Information Document (KIID). All transactions should be based on the latest available prospectus and KIID which contains more information regarding the charges, expenses, where the funds are authorised for sale and risks involved in your investment.

For UK Investors Only: This financial promotion is issued by Pzena Investment Management, Limited (“PIM UK”). PIM UK is a limited company registered in England and Wales with registered number 09380422, and its registered office is at 34-37 Liverpool Street, London EC2M 7PP, United Kingdom. PIM UK is an appointed representative of Mirabella Advisers LLP, which is authorised and regulated by the Financial Conduct Authority. The Pzena documents are only made available to professional clients and eligible counterparties as defined by the FCA. Past performance is not indicative of future results. 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.

For EU Investors: This marketing communication is issued by Pzena Investment Management Europe Limited (“PIM Europe”). PIM Europe (No. C457984) is authorised and regulated by the Central Bank of Ireland as a UCITS management company (pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011, as amended). PIM Europe is registered in Ireland with the Companies Registration Office (No. 699811), with its registered office at Riverside One, Sir John Rogerson’s Quay, Dublin, 2, Ireland.

For German Investors Only: Mr. Jörg Ahlheid is a tied agent within the meaning of Article 29 (3) of Directive 2014/65/ EU (“MiFID II”) as implemented in the respective national jurisdictions of ACOLIN Europe AG (“ACOLIN“). Within the scope of providing financial services (reception and transmission of orders within the meaning of Annex I A (1) MiFID II in relation to one or more financial instruments), the tied agent acts exclusively on behalf and for the account of ACOLIN and undertakes to exclusively distribute the funds of Pzena Value Funds plc.

The information contained therein is intended only for informational purposes and does not represent an offer to purchase or sell financial instruments. All information is provided without any guarantee. This information neither represents any investment / legal / tax advice, nor any recommendation. The Agent points out that every investment decision should be made after consulting an advisor. The information in this document is intended exclusively for professional clients within the meaning of Annex II MiFID II.

The information provided in this document may not be copied or further distributed to third parties without the prior consent of ACOLIN. The information may not be given to persons or companies that do not have their ordinary residence or domicile in the countries in which ACOLIN is authorized to provide financial services. In particular, the information may not be made available to US citizens or persons residing in the USA. This document may contain confidential and/or legally protected information. If you are not the correct addressee, or you have received this document in error, please inform the sender immediately and destroy this document. This document may not be copied or used for other purposes, nor may the content of the document be forwarded to third parties.

For Swiss investors Only: This is an advertising document. The state of the origin of the fund is Ireland. In Switzerland, this document may only be provided to qualified investors within the meaning of art. 10 para. 3 and 3ter CISA. In Switzerland, the representative is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, P.O. Box, CH-8024 Zurich. The basic documents of the fund as well as the annual and, if applicable, semi-annual report may be obtained free of charge from the representative. Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units.

The information on this website is intended for institutional investors, consultants to institutional investors and for qualified investors according to art. 10 CISA. It is published for informational purposes only and does not purport to address the financial objectives, situation or specific needs of any investor. If you do not qualify as an institutional investor or consultant, the information shown on this site may not be relevant or appropriate for you.

For Jersey Investors Only: Consent under the Control of Borrowing (Jersey) Order 1958 (the “COBO Order”) has not been obtained for the circulation of this document. Accordingly, the offer that is the subject of this document may only be made in Jersey where the offer is valid in the United Kingdom or Guernsey and is circulated in Jersey only to persons similar to those to whom, and in a manner similar to that in which, it is for the time being circulated in the United Kingdom or Guernsey as the case may be. The Directors may, but are not obliged to, apply for such consent in the future. The services and/or products discussed herein are only suitable for sophisticated investors who understand the risks involved. Neither Pzena Investment Management, Ltd. nor Pzena Investment Management, LLC nor the activities of any functionary with regard to either Pzena Investment Management, Ltd. or Pzena Investment Management, LLC are subject to the provisions of the Financial Services (Jersey) Law 1998.

© Pzena Investment Management, LLC, 2022. All rights reserved.