Pzena Global Value Fund

Important Legal Information

Persons who access information on the website of Pzena Investment Management agree to the following terms and conditions. Any special agreements with respect to services or products of Pzena Investment Management shall be complementary to these terms and conditions, although in the event of any conflict, the provisions contained in any such special agreements shall prevail.

Pzena Value Funds PLC (the “Fund”) is an open-ended investment company with variable capital, incorporated in Ireland with registered number 412507, established as an umbrella fund with segregated liability between sub-funds. The Fund has its registered office at Riverside One, Sir John Rogerson’s Quay, Dublin 2, Ireland. Pzena Value Funds PLC is authorised in Ireland by the Central Bank of Ireland as a UCITS pursuant to the UCITS Regulations. The Fund is currently comprised of seven Sub-Funds: Pzena Global Value Fund, Pzena Global Focused Value Fund, Pzena U.S. Large Cap Value Fund, Pzena Emerging Markets Focused Value Fund, Pzena Emerging Markets Select Value Fund, Pzena Europe ex-UK Focused Value Fund and Pzena International Value All Country ex-U.S. Fund.

The Fund has appointed Pzena Investment Management Europe Ltd. as the designated Management Company. Pzena Investment Management Europe Ltd is authorised and regulated by the Central Bank of Ireland as a UCITS Management Company under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended. 

The Fund has appointed Pzena Investment Management, LLC as the Investment Manager. Pzena Investment Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission.

The information published on this website is not for use within certain countries or with respect of any person(s) where such use would be restricted or prohibited by local laws. This website only contains brief information on the Fund and does not disclose all of the risks and other significant aspects of entering into any particular transaction; any investment decision should be made solely upon the information contained in the offering documentation relating to the relevant transactions. The Prospectus and the Key Investor Information Document (KIID)/Key Information Document (KID) (as appropriate) of the Sub-Funds provide detailed information on the features of the Fund as well as on the risks of investing and should always be read before making any investment decisions. Please read the Prospectus and the KIID/KID carefully before making any investment decisions.

For more information, please read the information provided under the: 

Privacy policy: https://www.pzena.com/privacy-policy/

Terms of use: https://www.pzena.com/terms-of-use/ 

No Offer, No Obligation

No information published on the local website constitutes a solicitation or offer, or recommendation, to buy or sell any investment fund, or to conclude any legal act of any kind whatsoever.

The information published and opinions expressed are provided by Pzena Investment Management for personal use and for informational purposes only and are subject to change without notice. Pzena Investment Management makes no representation (either express or implied) that the information and opinions expressed on the website are accurate, complete, or up to date. In particular, Pzena Investment Management shall not be obliged to remove any outdated information from the website or to expressly mark it as being outdated. Nothing contained on the website constitutes financial, legal, tax, or other advice, nor should any investment or any other decisions be made solely based on the website content. Pzena Investment Management recommends that investors independently assess, with a professional financial advisor, the specific financial risks as well as legal, regulatory, credit, tax, and accounting consequences.

This website is directed only at qualified investors seated or domiciled in countries in which the mentioned investment funds or its respective share classes are duly registered or approved for distribution, offering, or sale according to the applicable local laws.

Country Specific Notes

The Fund is registered for public offer and sale in the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Norway, Spain and Sweden. Additional information about the Fund may be found in the Prospectus and Supplement and applicable KIDs. These documents, as well as the annual and semi-annual reports may be obtained free of charge from FE fundinfo in the relevant jurisdiction. 

Italy

The Fund is available only to institutional investors in Italy. Additional information about the Fund may be found in the Prospectus and Supplement and applicable KIDs. These documents, as well as the annual and semi-annual reports may be obtained free of charge from FE fundinfo.

United Kingdom

Pzena Investment Management is not an authorised person for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”). Pzena Investment Management, Limited (“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 Vittoria & Partners LLP (FRN 709710), which is authorized and regulated by the Financial Conduct Authority (“FCA”). The Pzena documents available here (and referenced below) have been approved by Vittoria & Partners LLP in the UK and are only made available to professional clients and eligible counterparties as defined by the FCA .

Additional information about the Fund may be found in the Prospectus and Supplement and applicable KIDs. These documents, as well as the annual and semi-annual reports may be obtained free of charge from FE fundinfo.

Singapore

The offer of shares of the Fund does not relate to a collective investment scheme which is authorised under Section 286 of the Securities and Futures Act, Ch. 289 of Singapore (“SFA”) or recognized under Section 287 of the SFA, and shares of the Fund are not allowed to be offered to the retail public. Pursuant to the Sixth Schedule to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005, the Fund has been entered into the list of restricted schemes maintained by the Monetary Authority of Singapore for the purposes of the offer of shares in the Fund to be made to relevant persons (as defined in Section 305(5) of the SFA). These materials do not constitute an offer or solicitation by anyone in Singapore or any jurisdictions in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation.

South Africa

Collective Investment Schemes in Securities (CIS) should be considered as medium to long-term investments. The value may go up as well as down and past performance is not necessarily a guide to future performance. CISs are traded at the ruling price and can engage in scrip lending and borrowing. A schedule of fees, charges and maximum commissions is available on request from the Manager. A CIS may be closed to new investors in order for it to be managed more efficiently in accordance with its mandate. There is no guarantee in respect of capital or returns in a portfolio. Performance has been calculated using net NAV to NAV numbers with income reinvested. The performance for each period shown reflects the return for investors who have been fully invested for that period. Individual investor performance may differ as a result of initial fees, the actual investment date, the date of reinvestments and dividend withholding tax. Full performance calculations are available from the manager on request. Annualised performance shows longer term performance rescaled to a 1-year period. Annualised performance is the average return per year over the period. Actual annual figures are available to the investor on request. Highest and lowest is returns for any 1 year over the period since inception have been shown. NAV is the net asset value represents the assets of a Fund less its liabilities. Representative Office: Prescient Management Company (RF) (Pty) Ltd is registered and approved under the Collective Investment Schemes Control Act (No.45 of 2002).

Pzena Emerging Markets Focused Value Fund, Pzena Emerging Markets Select Value Fund, Pzena Global Focused Value Fund and Pzena Global Value Fund are registered and approved under section 65 of CISCA.

Representative Office: Prescient Management Company (RF) (Pty) Ltd, Registration number: 2002/022560/07 Physical address: Prescient House, Westlake Business Park, Otto Close, Westlake, 7945 Postal address: PO Box 31142, Tokai, 7966. Telephone number: 0800 111 899. E-mail address: info@prescient.co.za Website: www.prescient.co.za.

Switzerland

The Fund is authorised by the Swiss Financial Market Supervisory Authority (“FINMA”) as a foreign collective investment scheme pursuant to the Swiss Collective Investment Schemes Act, as amended (“CISA”). Accordingly, shares of the Fund may be offered to the public in or from Switzerland. Copies of the Fund’s Prospectus, Supplement, Constitution, relevant KIIDs, semi‐annual and annual reports may be obtained free of charge from the Swiss representative: Acolin Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich. The paying agent in Switzerland is Banque Cantonale Vaudoise, Place St-François 14, CH-1003 Lausanne. In respect of the Shares distributed in and from Switzerland, the place of performance and jurisdiction is the registered office of the representative in Switzerland. 

General Disclosure

Pzena Investment Management is not permitted to offer its products and services in all countries. It is the responsibility of any prospective investor to inform themselves of and to observe all applicable laws and regulations of any relevant jurisdictions, including the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the acquisition, holding or disposal of shares or securities, and any foreign exchange restrictions that may be relevant thereto. The products and services referred to in this website are not offered to any person or entity in any jurisdiction where the advertisement, offer or sale of such products and services is restricted or prohibited by law or regulation or where Pzena Investment Management would be subject to any registration or licensing requirement not currently held by Pzena Investment Management.

Sale of Sub-Funds to US citizens or sale within the United States

Pzena Value Funds plc are not registered for sale in the United States and are not intended for sale to US citizens. This applies to persons who hold US citizenship as well as persons who are resident in the United States. Furthermore, this ruling also applies to partnerships as well as corporations established under the laws of the United States of America or one of its states, territories or an overseas possessions. 

The Sub-Funds are only available for certain non-US persons in transactions that are exempt from registration in the United States pursuant to Regulation S under the Securities Act of 1933 and comply with other applicable laws. This document is not an offer or solicitation to subscribe for Fund shares. It is for the information of professional/sophisticated investors, except where the Fund is registered for public offer and this document may be used by all investors. The Fund’s offering may be restricted or on a private placement basis in many jurisdictions. Contact your representative for the jurisdictions where the Fund is registered or passported. Do not use or distribute this document where authorisation for distribution is required, unless the Fund is so authorised. The Investment Manager may facilitate the distribution of Fund shares through financial intermediaries. ANY PERSON FORWARDING THIS MATERIAL TO OTHERS TAKES FULL RESPONSIBILITY FOR ENSURING COMPLIANCE WITH ALL APPLICABLE LAW IN CONNECTION THEREWITH.

Performance

Past performance is no guarantee for future returns. The value of the money invested in the fund can increase or decrease and there is no guarantee that all of your invested capital can be redeemed.

Please read the KIID/KID for a summary of the material risks which are relevant for each Sub-Fund. The prospectus contains further, more detailed, descriptions of all relevant risks and should also be read.

The following generic risk warnings apply broadly: 

• The past performance of an investment is not a guide to future performance. 

• The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. 

• If the funds hold securities denominated in a variety of currencies, changes in exchange rates may affect the value of your investment. 

• Where charges are taken wholly or partly out of a Sub-Fund's capital, distributable income will be increased at the expense of capital, which will either be eroded or future growth constrained. 

• Any investment objective and performance benchmark will be treated as informational only and should not be considered as an assurance or guarantee of the performance of a Sub-Fund or any part of it.

Limitation of liability

Pzena Investment Management disclaims, without limitation, all liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use of or access to the website, or any links to third-party websites.

Furthermore, Pzena Investment Management disclaims all liability for any tampering with the Internet user's computer system by unauthorized parties. In this regard, Pzena Investment Management expressly reminds of the risk of viruses, and the possibility of targeted attacks by hackers. In order to combat viruses, it is recommended that the most recent browser versions be used, and that anti-virus software be installed and continually updated. As a rule, the opening of any e-mail from an unknown source as well as any unexpected attachment to an e-mail message should be avoided.

Although the information contained in the site has been obtained from and is based upon sources that Pzena Investment Management believes to be reliable, no representation of any kind is made that the information is accurate, complete or timeliness. Unless otherwise stated, all figures are unaudited. Pzena Investment Management does not accept liability for any loss arising from the use of the published site.

Links

Some links on the website lead to third-party websites, which are completely beyond control of Pzena Investment Management. Accordingly, Pzena Investment Management does not assume any responsibility for the accuracy, completeness and legality of the contents of such websites, or for any offers and services contained.

Use of the website

The entire content of this website is subject to copyright with all rights reserved. You may save or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. With any saving or otherwise copying from the website the terms and conditions for use shall be deemed to have been accepted. All property rights shall remain with Pzena Investment Management. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of Pzena Investment Management.