DePrince, Race & Zollo, Inc., an investment management firm founded in 1995, is dedicated to the institutional arena with more than $4 billion in assets under management. The cornerstone of DRZ is an investment philosophy, which is based on the belief that identifying undervalued stocks with above-average dividend yields and imminent fundamental catalysts provide the opportunity for superior long-term total returns. Activity is important as funds are moved into new stocks, which have better risk/reward prospects. The firm’s competitive strengths are a well-defined buy/sell discipline, which we have successfully and consistently implemented for 34 years; conservative asset caps and independent ownership. Our equity strategies include Large-Cap Value, Small-Cap Value, Micro-Cap Value, SMID-Cap Value, and Emerging Markets.