PZLV vs SEIV

PZLVCPzena U.S. Large Cap Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

PZLV Pzena 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.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

PZLV 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.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

• PZLV Genuinely 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.
• A 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
• Plain plumbing: a U.S. stock portfolio in a standard ETF wrapper. No leverage, no derivatives overlay, no structural quirks flagged.

• SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
• Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
• Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
• Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

• PZLV At 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.
• Launched 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.
• The stated goal is long-term capital appreciation, not income. This is a total-return vehicle rather than a dividend stream.

• SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
• Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
• You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full PZLV profile⁠

Full SEIV profile⁠