Generation Pzena Emerging Markets Value - Managed Fund

Fund Objective

The manager is a bottom-up, value-oriented equity manager that seeks to invest in good businesses at low prices, focusing exclusively on companies that are underperforming their historically demonstrated earnings power. The manager will follow a classic value strategy and conduct fundamental securities analysis.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	5.42%	2.71%	11.08%	23.93%	16.92%	11.74%	2.76%	-%
Growth return	5.54%	3.11%	11.8%	24.74%	17.3%	11.99%	2.89%	-%
Income return	-0.12%	-0.4%	-0.72%	-0.81%	-0.38%	-0.25%	-0.13%	-%
Market index (MSCI EM NR AUD)
Total return	9.69%	9.39%	27.23%	48.92%	31.89%	23.91%	10.79%	11.58%

As at 31 May 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Pzena Emerging Markets Value

International Equities: 97.52%

Cash: 2.48%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 94.54%

Cash: 2.87%

Australian Equities: 2.50%

Property & Infrastructure: 0.08%

Fixed Interest: 0.01%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Generation Pzena Emerging Markets Value
Responsible Entity	Austock Life Limited
APIR Code	ALL7777AU
Sector/Asset Class	Equity Emerging Markets
Morningstar Rating	Not Rated (as at 31 May 2026)
Legal Structure	Investment Fund
Fund Inception	21 Nov 2018
Fund Size	$23.71 million (as at 29 May 2026)
Entry Price	$1.5828 (as at 18 Jun 2026)
Exit Price	$1.567 (as at 18 Jun 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.45% (as at 9 Apr 2026)
Indirect Cost Ratio (ICR)	0% (as at 30 Jun 2024)
Minimum initial investment	$1,000.00
Minimum additional investments	$500.00

Top 10 holdings (as at 31 May 2026)

Holding (as at 31 May 2026)	Type	% of Portfolio
Taiwan Semiconductor Manufacturing Co Ltd		16.92%
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FAQs about the Generation Pzena Emerging Markets Value

What is the objective of the Generation Pzena Emerging Markets Value managed fund?

The objective of the Generation Pzena Emerging Markets Value managed fund is The manager is a bottom-up, value-oriented equity manager that seeks to invest in good businesses at low prices, focusing exclusively on companies that are underperforming their historically demonstrated earnings power. The manager will follow a classic value strategy and conduct fundamental securities analysis.

What is the strategy for the Generation Pzena Emerging Markets Value managed fund?

The strategy of the Generation Pzena Emerging Markets Value managed fund is The manager is a bottom-up, value-oriented equity manager that seeks to invest in good businesses at low prices, focusing exclusively on companies that are underperforming their historically demonstrated earnings power. The manager will follow a classic value strategy and conduct fundamental securities analysis.

What is the APIR code of the Generation Pzena Emerging Markets Value managed fund?

The APIR code of the Generation Pzena Emerging Markets Value managed fund is ALL7777AU.

What was Generation Pzena Emerging Markets Value’s total return last month?

Generation Pzena Emerging Markets Value’s total return last month was 5.42%. This was made up of a growth return of 5.54% and an income return of -0.12%. These returns were calculated as at 31 May 2026.

What was Generation Pzena Emerging Markets Value’s total return for the last three months?

Generation Pzena Emerging Markets Value’s total return for the last three months was 2.71%. This was made up of a growth return of 3.11% and an income return of -0.4%%. These returns were calculated as at 31 May 2026.

What is Generation Pzena Emerging Markets Value’s one-year total return?

Generation Pzena Emerging Markets Value’s one-year total return is 23.93%. This was made up of a growth return of 24.74% and an income return of -0.81%. These returns were calculated as at 31 May 2026.

What is Generation Pzena Emerging Markets Value’s three-year total return?

Generation Pzena Emerging Markets Value’s one-year total return is 11.74%. This was made up of a growth return of 11.99% and an income return of -0.25%. These returns were calculated as at 31 May 2026.

What is the asset allocation of the Generation Pzena Emerging Markets Value managed fund?

The asset allocation of the Generation Pzena Emerging Markets Value managed fund is :

International Equities: 97.52%

Cash: 2.48%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Generation Pzena Emerging Markets Value managed fund?

The Responsible Entity for the Generation Pzena Emerging Markets Value managed fund is Austock Life Limited.

What sector/asset class does the Generation Pzena Emerging Markets Value managed fund belong to?

The Generation Pzena Emerging Markets Value managed fund belongs to the Equity Emerging Markets sector/asset class.

What is the size of the Generation Pzena Emerging Markets Value managed fund?

As at 29 May 2026, the size of the Generation Pzena Emerging Markets Value managed fund was $23.71 million.

What is the inception date of the Generation Pzena Emerging Markets Value managed fund?

The Generation Pzena Emerging Markets Value managed fund has an inception date of 21 Nov 2018.

What is the current entry price of the Generation Pzena Emerging Markets Value managed fund?

The current entry price of the Generation Pzena Emerging Markets Value managed fund is $1.5828 per unit and the current exit price is $1.567 per unit (as at 18 Jun 2026).

What is the current exit price of the Generation Pzena Emerging Markets Value managed fund?

The current exit price of the Generation Pzena Emerging Markets Value managed fund is $1.567 per unit and the current entry price is $1.5828 per unit (as at 18 Jun 2026).

What is the minimum investment amount for the Generation Pzena Emerging Markets Value managed fund?

The minimum initial investment amount for the Generation Pzena Emerging Markets Value managed fund is $1,000. Minimum additional investment is $500.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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