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Launched · SEC filings

Pzena U.S. Large Cap Value ETF

PZLVNYSE ArcaC

$30.460.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

C43/ 100

Rank 41 of 66 in US Active Value

C43/100Rank 41 of 66inUS Active Value
Intraday session: flat, 1 prints from 30.46 to 30.46. Range 30.46 to 30.46. Use the arrow keys to read each point.29.5030.0031.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$69M
1Y total return
—
Yield · Last 12 months
—
Holdings
41
Avg volume · 30D
0M sh
NAV per share
$30.34
52W range
low $24.99high $31.94
Launched
Filings
SEC EDGAR

The ETF.net PZLV Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
US Active Value⁠
Rank
41 of 66
Six-pillar profile for PZLV. Scores out of 100: Cost 34, Risk 79, Mission not scored, Tradability 37, Holdings 46, Durability 17. Strongest: Risk (79). Weakest: Durability (17). Based on 5 of 6 pillars.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D34 out of 100
    Rank 43 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 3 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 47 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 43 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F17 out of 100
    Rank 65 of 66

Our read on PZLV

ETF.net Research

CPzena has run classic value money for institutions for years; PZLV puts that discipline in an ETF. Bottom-up research on beaten-down U.S. large caps, with the Russell 1000 Value as a yardstick rather than a blueprint.

Stated mandate

The Fund seeks long-term capital appreciation. It primarily invests in U.S. large-cap value stocks selected through fundamental, bottom-up research and a classic value approach.

Why people hold it

  1. 01Genuinely active: holdings come from fundamental, bottom-up research on U.S. large-cap value names, with the Russell 1000 Value as the benchmark, not the blueprint.
  2. 02A value specialist, not a generalist bolting on a value sleeve. Research-driven deep value across U.S. and international mandates is the firm's core business.preqin.com
  3. 03Plain plumbing: a U.S. stock portfolio in a standard ETF wrapper. No leverage, no derivatives overlay, no structural quirks flagged.

Worth knowing

  1. 01At 0.60% a year it runs above the typical fund in its value peer group and multiples of index-built rivals like AVLV (0.15%) and DFLV (0.21%). Human research costs money.
  2. 02Launched in 2026, so the live record is short, and lightly traded shares can mean wider gaps between bid and ask. Watch the spread when you trade.
  3. 03The stated goal is long-term capital appreciation, not income. This is a total-return vehicle rather than a dividend stream.

PZLV Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
41
Top-10 weight
37%
Largest holding
BAX5.0%

Geography

  • United States85.52%
  • Germany3.35%
  • France2.75%
  • Canada2.73%
  • Bermuda2.60%
  • Ireland1.62%
  • United Kingdom1.43%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BAXBaxter International, Inc.5.05%143,766$4M190
002CRBGCorebridge Financial, Inc.4.66%94,735$3M145
003HUMHumana, Inc.4.45%7,142$3M309
004DGDollar General Corp.3.82%20,830$3M319
005LEALear Corp.3.50%20,595$2M183
006CVSCvs Health Corp.3.27%26,353$2M377
007FMSFresenius Medical Care AG3.25%107,109$2M10
008UHSUniversal Health Services, Inc.3.22%12,577$2M230
009COFCapital One Financial Corp.3.07%10,701$2M353
010METMetlife, Inc.3.06%21,621$2M317
011WFCWells Fargo & Co.3.04%25,226$2M372
012CDWCdw Corp.3.04%14,818$2M271
013CTSHCognizant Technology Solutions Corp.3.01%35,312$2M362
014—Cash & Other2.98%2,070,025$2M672
015GLGlobe Life, Inc.2.93%12,386$2M222

Showing 1–15 of 41 holdings

PZLV Performance

Launched Mar 31, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PZLV$10,457
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PZLV $10,457. SPY $10,332. Use the arrow keys to read each point.$9,559$10,310$11,061Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PZLV. Periods over one year show the average yearly return.
PeriodPZLV
Year to dateFund launched this year—
1 month−2.6%
3 months+4.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PZLV
YearReturn barPZLV
2026 YTD+21.4%

History from Apr 1, 2026

PZLV in the news

Filtered to PZLV · US Active Value

PZLV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Mar 2026. No distributions yet.

PZLV Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.30
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PZLV Cost

Expense ratio0.60%
  • The middle half of US Active Value funds
  • Median 0.55%

42 of the 66 US Active Value funds charge less.

PZLV costs $60.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

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