The Pzena International Value ETF (PZIV) is an actively managed exchange-traded fund whose primary goal is to achieve significant capital growth over an extended period. This is accomplished by investing mainly in the stock of well-established companies located outside the United States. Pzena Investment Management, the fund's adviser, employs a classic deep-value investment approach. They painstakingly seek out businesses they believe are valued substantially below their true, long-term normalized earning potential. This strategy relies on comprehensive fundamental research, adopting a contrarian stance against market trends, and maintaining investments for patient holding periods. The fund typically builds a concentrated portfolio of companies that are currently facing temporary business setbacks but are anticipated by the firm to make a comeback. The ETF is available for trading on NYSE Arca, identified by the ticker symbol PZIV.