PZVLX : Pzena Long/Short Value Fund Investor Class

Fund Summary

The investment seeks to achieve long-term capital appreciation. The fund seeks to achieve long-term capital appreciation through long positions in securities priced below, and short positions in securities priced above, the Adviser's estimate of long-term earnings power. It invests primarily in publicly traded equity securities. The fund primarily invests in U.S. listed companies among the largest 1,000 ranked companies by market capitalization, but may invest up to 20% of its net assets in shares of foreign companies through ADRs or dollar-denominated foreign securities. It may also invest in real estate investment trusts ("REITs").