Small Cap Value

Portfolio Characteristics

• The Cambiar Small Cap Value strategy is a team-managed strategy that utilizes the knowledge and experience of Cambiar’s seven domestic analysts.
• The portfolio holds between 45-55 stocks.
• Equal-weighted approach - All new stock positions enter the portfolio at 2% position sizes. This construction is designed to reduce excessive stock-specific risk, while allowing for the freedom to participate on the upside.
• The stratgy is diversified across multiple sectors/industries.

The performance information depicted above represents Cambiar’s Small Cap Value Composite. Returns are net of management fees and transaction costs and include the reinvestment of all income. Gross returns do not reflect the deduction of management fees. The performance of the Russell 2000 Value benchmark and the Russell 2000 shown above include the reinvestment of all income and assume no management custody, transactions or other expenses. The Russell 2000 and Russell 2000 Value indices reflect overall market performance and comparisons may not reflect Cambiar’s performance The Russell 2000 Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. Cambiar’s past results do not necessarily indicate Cambiar’s future performance and, as is the case with all investment advisors who concentrate on equity investments, Cambiar’s future performance may result in a loss.