High Hurdle Rate

“The vagaries of the market often serve to create fairly substantial compressions and expansions of business valuations.”

– Brian Barish, President and Chief Investment Officer

A key differentiator that has been a strong influence on product performance is Cambiar’s 50% return hurdle*. All new purchases into the Cambiar portfolios must possess the potential for a 50% return over a 1-2 year time horizon, as calculated by Cambiar. We typically achieve this target return hurdle through a variety of contributing factors - including multiple expansion, margin improvement and dividend yield. This higher return target is also effective in focusing our research efforts on only those stocks which offer the most compelling risk/return tradeoffs, as well as helping to keep the portfolio out of value traps. While the 50% return hurdle may result in portfolio sector weights that vary from the benchmark at times, our clients have been rewarded for such variance over time.

* Cambiar's objective of selecting stocks having a potential for 50% appreciation may or may not be realized.

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Performance data quotes are past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end, please call 1-866-777-8227.

Mutual fund investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility and international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involved heightened risks related to the same factors as well as increased volatility and lower trading volume.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which can be obtained by clicking here or calling 1-866-777-8227. Please read it carefully before investing. There is no guarantee that the Funds will meet their stated objectives.

Cambiar Funds are distributed by SEI Investments Distribution Co., Oaks, PA 19456, which is not affiliated with the Advisor.

Cambiar Funds are available to US investors only. Strategies included within the Institutional Investor offer are not mutual funds and are not affiliated with SEI Investments Distribution Co.