What this ETF is trying to do

The Pzena U.S. Large Cap Value (PZLV) is an exchange-traded fund (ETF) that focuses on large companies in the United States. Specifically, it looks for "value" stocks, which are typically companies that the fund manager believes are priced lower than their actual worth.

What the numbers show

As of October 5, 2026, the share price for PZLV was $30.19.

Currently, there is no data available for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund holds a total of 41 different assets. As of October 7, 2026, the top holdings include:

• Humana Inc: 5.44%

• Baxter International Inc: 5.21%

• CoreBridge Financial Inc: 4.30%

• Dollar General Corp: 3.68%

• Lear Corp: 3.59%

• Robert Half Inc: 3.50%

• CVS Health Corp: 3.45%

• Capital One Financial Corp: 3.20%

• Cognizant Technology Solutions Corp Class A: 3.18%

• MetLife Inc: 3.17%

Please note that these holdings can change over time.

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no payouts detected in the last 12 months. This means the fund has not provided cash income to investors through distributions during this period.

NAV erosion explanation

NAV erosion happens when the net asset value (the actual value of the fund's underlying assets) declines over time. This is different from a simple drop in share price. For PZLV, the severe erosion-risk flag is false, meaning the specific warning triggers for price deterioration were not met. However, as mentioned, a full erosion score is unavailable due to insufficient price history.

Pros

• The fund provides exposure to a diversified group of large U.S. companies across different sectors, such as healthcare and finance.

• It is not a leveraged or inverse fund, meaning it does not use complex strategies to multiply gains or bet against the market.

Cons

• There is currently no recorded history of cash distributions for investors seeking income.

• There is a lack of available performance data for the short and medium term (YTD, 1-year, and 3-year returns).

Beginner takeaway

PZLV is a value-focused fund that holds large U.S. companies. For new investors, it is important to remember that a high distribution yield is not the only way to measure a fund's success, but in this case, the yield is 0%. Because there is limited performance data available, investors cannot see how the share price has trended over the last few years.