Deprince, Race & Zollo, Inc.

DePrince, Race & Zollo, Inc. (DRZ) is a financial advisor firm founded in 1995 and primarily owned by John Race and Victor Zollo. As of December 31, 2024, DRZ managed $5.490 billion on a discretionary basis for approximately 65 clients. The firm specializes in providing investment advisory services on a discretionary basis, offering long-only equity investment strategies such as Large Cap Value, Small Cap Value, Micro Cap Value, Small/Mid-Cap Value, and Emerging Markets Value. DRZ also provides model portfolio advisory services to certain institutional clients. For client accounts, DRZ charges fees based on assets under management, with fee rates ranging from 0.50% to 1.00% depending on the investment strategy. The preferred minimum account size for various strategies is $5,000,000. DRZ may also manage accounts with customized investment strategies and negotiable fees. The firm may charge performance-based fees for certain clients, with a focus on maximizing shareholder value when voting client securities. DRZ follows a value income methodology for its investment strategies, focusing on stocks with above-average dividend yield and fundamental catalysts for increased returns with reduced volatility. The firm's investment process includes fundamental business analysis, capital structure evaluation, and consideration of various risk metrics. DRZ's investment philosophy aims to align with client objectives and guidelines while managing potential conflicts of interest. Clients of DRZ include trusts, charitable organizations, investment companies, pension plans, corporations, high net worth individuals, and private funds. The firm exercises investment discretion, votes proxies on behalf of clients, and maintains custody of assets for the DRZ Emerging Markets, LP fund. DRZ's brokerage practices prioritize fair and reasonable trade execution, considering factors like research services, commission rates, and best execution practices. The firm's compliance policies, including a Code of Ethics, aim to ensure ethical conduct, transparency, and client-focused decision-making.