Cambiar Aggressive Value Fund

Performance

July 03, 2008
Daily NAV	10.14
Month to Date	-6.28
Year to Date	-0.20

The performance data quoted represents past performance. Past performance 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. Returns assume reinvestment of all dividend and capital gains distributions.

Total Annual Expense: 2.42%
Fee Waivers -0.92%
Net Expenses: 1.50%

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

Monthly Performance as of 5.31.08

	Cambiar	Russell 3000 Index
May 2008	6.1%	2.1%
Year-to-Date	12.5%	-3.1%
Since Inception - (8.31.07)	14.4%	-3.8%

Quarterly Performance as of 3.31.08

	Cambiar	Russell 3000
1Q 2008	-5.4%	-9.5%
Since Inception - (8.31.07)	-3.8%	-9.4%

The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.