Cambiar Opportunity Fund
The Cambiar Opportunity Fund has demonstrated the ability to add value in a variety of market environments and has outperformed the S&P 500 by 530 basis points since the Fund’s inception (6/30/98).
Share Class
Investor
Date of Fund Inception
June 30, 1998
Portfolio Assets as of 7/31/10
$988.0 Million
Minimum Investment
$2,500 / $500 IRA
Fees
Total Annual Expense: 1.37%
Fee Waivers -0.17%
Net Expenses: 1.20%
* Cambiar has voluntarily agreed to waive all or part of the advisor fee in order to keep total fund expenses at or below 1.2%. There can be no assurance that the Advisor will continue to waive the fees.
Morningstar Rating as of 7/31/10
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Overall rated 3 stars for the period ending 7/31/10 out of 1792 US-domiciled Large Blend Funds. Morningstar rankings are based on risk adjusted returns and the Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three, five and ten-year Morningstar Rating metrics.
For each fund with at least a three year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year Morningstar Ratings metric. CAMOX was rated against 1792 US-domiciled Large Blend funds over a three year period, 1471 over a five year period and 760 over a ten year period. With respect to these large blend funds, CAMOX received a Morningstar Rating of 2 stars, 2 stars and 4 stars respectively. Past performance is no guarantee of future results. Morningstar Rating is for the investor share class only; other classes may have different performance characteristics.
