PZIMX Performance — Pzena Mid Cap Value Fund, Institutional Class
Data updated: 2026-07-30
PZIMX returned +11.16% year to date and +14.73% over one year to May 2026. Annualised returns are +11.96% over 3 years and +5.11% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $140, against $156 for the category, and to $115 over one year, against $122. Volatility over the past three years was 18.91% a year. In the 12 months to May 2026 the fund lost a net $17.1M, and assets reached $102.29M.
PZIMX Growth of $100
What $100 invested in Pzena Mid Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | PZIMX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $115 | $122 |
| 3 years (Jun 2023 – May 2026) | $140 | $156 |
| 5 years (Jun 2021 – May 2026) | $128 | $143 |
| Since data start (Mar 2020 – May 2026) | $211 | $207 |
PZIMX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.16% |
| 1 year | +14.73% |
| 3 years (annualised) | +11.96% |
| 5 years (annualised) | +5.11% |
PZIMX Annual Returns
Calendar-year total returns of Pzena Mid Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.16% |
| 2025 | −0.75% |
| 2024 | +1.13% |
| 2023 | +21.34% |
| 2022 | −5.48% |
| 2021 | +31.17% |
| 2020 (Mar–Dec) | +25.51% |
PZIMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.0% | +2.4% | −6.2% | +9.2% | +3.0% | — | — | — | — | — | — | — |
| 2025 | +3.6% | −4.7% | −2.3% | −5.8% | +5.8% | +3.1% | −2.0% | +8.3% | −3.8% | −4.7% | +1.4% | +1.5% |
| 2024 | −0.6% | +1.8% | +6.2% | −7.2% | +3.3% | −3.4% | +7.9% | −0.4% | −0.7% | −3.6% | +6.1% | −7.0% |
| 2023 | +13.3% | −2.7% | −6.7% | +0.2% | −6.5% | +11.1% | +5.4% | −2.8% | −5.3% | −4.2% | +12.3% | +8.4% |
| 2022 | +0.9% | +0.9% | +0.4% | −4.4% | +4.8% | −13.3% | +5.7% | −2.5% | −11.0% | +14.6% | +6.9% | −5.4% |
| 2021 | +0.1% | +13.0% | +6.3% | +4.5% | +4.1% | −4.2% | −2.0% | +2.7% | −3.4% | +6.6% | −5.1% | +6.4% |
| 2020 | — | — | −32.0% | +16.9% | +4.7% | +5.0% | +2.8% | +5.7% | −3.9% | +6.7% | +20.9% | +6.7% |
PZIMX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.91%
- 3-year Sharpe ratio: 0.39 (vs 4.5% risk-free rate)
- Best month: +12.35% (Nov 2023)
- Worst month: −7.16% (Apr 2024)
PZIMX Fund Flows
Monthly money in and out of Pzena Mid Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$17.1M
- 12-month gross sales (incl. reinvestments): $12.7M
- Sales ÷ redemptions: 0.43×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $167K | $1.3M | −$1.1M |
| Apr 2026 | $532K | $384K | $148K |
| Mar 2026 | $687K | $1.2M | −$562K |
| Feb 2026 | $1.1M | $671K | $404K |
| Jan 2026 | $1.3M | $405K | $899K |
| Dec 2025 | $3.4M | $2.7M | $686K |
| Nov 2025 | $318K | $1.6M | −$1.2M |
| Oct 2025 | $560K | $544K | $16K |
| Sep 2025 | $428K | $1.3M | −$882K |
| Aug 2025 | $254K | $6.4M | −$6.1M |
| Jul 2025 | $301K | $1.9M | −$1.6M |
| Jun 2025 | $3.7M | $11.4M | −$7.7M |
PZIMX Assets Under Management
Net assets of Pzena Mid Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $102.29M |
| 2026-02-28 | $98.58M |
| 2025-11-30 | $94.28M |
| 2025-08-31 | $103.69M |
| 2025-05-31 | $109.64M |
| 2025-02-28 | $135.31M |
| 2024-11-30 | $152.49M |
| 2024-08-31 | $155.56M |
| 2024-05-31 | $149.45M |
| 2024-02-29 | $147.01M |
| 2023-11-30 | $138.19M |
| 2023-08-31 | $133.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.