Cambiar's international equity portfolio is a natural extension of the firm’s traditional bottom-up domestic equity approach. Cambiar identifies undervalued foreign companies that are undiscovered, misunderstood and/or mispriced. These companies then must evidence outstanding financial and business characteristics not yet recognized by the respective capital markets. Given our higher quality focus, clients should anticipate the portfolio to be primarily invested in the more developed countries, with subsequently less exposure to the volatile emerging markets. The desire to only hold our best ideas results in a conviction-weighted portfolio of 30-40 stocks that are well-diversified at both the country and sector level.

Ticker  
CAMIX

Date of Fund Inception
August 31, 1997

Portfolio Assets as of 6/30/07
$41.9 Million 
 
Total Annual Expense Ratio: 1.53% 
Fee Waivers: -0.03%
Net (with waivers):  1.50% *

Cambiar has voluntarily agreed to waive all or part of the advisor fee in order to keep total fund expenses at 1.5%.  There can be no assurance that the Advisor will continue to waive the fees.