AUM for month-end
Assets Under Management¹ ($ billions) | ||||||||||||
As of | As of | As of | ||||||||||
Account Type | ||||||||||||
Separately Managed Accounts | $ | 14.0 | $ | 16.0 | $ | 18.8 | ||||||
Sub-Advised Accounts | 25.6 | 28.9 | 29.3 | |||||||||
Pzena Funds | 2.4 | 2.6 | 2.7 | |||||||||
Total | $ | 42.0 | $ | 47.5 | $ | 50.8 | ||||||
Investment Strategy | ||||||||||||
Large Cap Value | $ | 8.7 | $ | 9.8 | $ | 11.2 | ||||||
Mid Cap Value | 2.2 | 2.6 | 2.9 | |||||||||
Small Cap Value | 2.0 | 2.2 | 2.5 | |||||||||
Value | 0.4 | 0.5 | 0.7 | |||||||||
Other | 0.2 | 0.2 | 0.2 | |||||||||
Total | 13.5 | 15.3 | 17.5 | |||||||||
Global & Non- | ||||||||||||
Global Value | 13.6 | 15.6 | 14.8 | |||||||||
International Value | 6.7 | 7.6 | 7.8 | |||||||||
Emerging Markets Value | 5.4 | 5.9 | 7.2 | |||||||||
European Value | 2.0 | 2.2 | 3.0 | |||||||||
Other Global & Non- | 0.8 | 0.9 | 0.5 | |||||||||
Total Global & Non- | 28.5 | 32.2 | 33.3 | |||||||||
Total | $ | 42.0 | $ | 47.5 | $ | 50.8 | ||||||
Account Domicile | ||||||||||||
$ | 26.4 | $ | 29.7 | $ | 31.2 | |||||||
Non- | 15.6 | 17.8 | 19.6 | |||||||||
Total | $ | 42.0 | $ | 47.5 | $ | 50.8 | ||||||
¹ Numbers may be subject to rounding. |
Flows and investment performance for the third quarter of 2022 are listed below¹:
As of 2022 | Inflows | (Outflows) | Market Appreciation (Depreciation) | As of 2022 | ||||||||||||||||
Account Type | ||||||||||||||||||||
Separately Managed Accounts | $ | 16.4 | $ | 0.3 | $ | (1.2 | ) | $ | (1.5 | ) | $ | 14.0 | ||||||||
Sub-Advised Accounts | 26.1 | 3.2 | (1.1 | ) | (2.6 | ) | 25.6 | |||||||||||||
Pzena Funds | 2.5 | 0.3 | (0.2 | ) | (0.2 | ) | 2.4 | |||||||||||||
Total | $ | 45.0 | $ | 3.8 | $ | (2.5 | ) | $ | (4.3 | ) | $ | 42.0 | ||||||||
¹ Numbers may be subject to rounding. |
About Pzena
Forward-Looking Statements
This press release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide the Company’s current views, expectations, or forecasts of future events and performance, and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “ongoing,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the markets in which the Company operates; new federal or state governmental regulations; the Company's ability to effectively operate, integrate and leverage any past or future strategic initiatives; statements regarding the previously-announced Agreement and Plan of Merger, dated as of
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