International Equity Fund
The Cambiar International Equity Fund was launched in August 1997 and is a natural extension of the firm's traditional bottom-up domestic research. The Fund seeks total return and capital preservation. The Fund also seeks to outperform the MSCI EAFE Index.
CAMIX - Morningstar Rating as of 12/31/11
Overall rated 4 stars for the period ending 12/31/11 out of 737 Foreign 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 Ratings metric.
Portfolio Characteristics
- Designed to identify compelling international investment opportunities that possess the desired combination of attractive valuations and potential for multiple expansion.
- The Fund combines rigorous company research and a refined understanding of macro economic and geopolitical issues.
- The Fund holds between 40-50 international stocks.
- Country and Emerging Market Limits: 25% at cost.
- The Fund may invest in derivatives.
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. The performance data quoted for periods prior to September 9, 2002 is that of the Cambiar International Equity Trust, a similarly managed Fund. This Fund was not registered under the Investment Company Act of 1940. If the Fund had been registered, performance may have been lower. Expense ratio is 1.68% (gross); 1.30% (net). Contractual fee waiver in effect until September 1, 2012. Absent these waivers, total return would be reduced. For performance current to the most recent month end, please call 1-866-777-8227. MSCI EAFE Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the U.S. & Canada.
The Fund charges a 2.00% redemption fee on redemptions of shares held for less than 90 days.
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. CAMIX was rated against 737 Foreign Large Blend funds over a three year time period and 563 Foreign Large Blend Funds over a five year time period. With respect to these Foreign Large Blend funds, CAMIX received a Morningstar Rating of 5 stars and 4 stars, respectively. Past performance is no guarantee of future results.
| Quarterly Performance as of 12.31.11 | |||
|---|---|---|---|
| CAMIX | MSCI EAFE | ||
| 4Q11 | 7.81% | 3.33% | |
| YTD | -8.08% | -12.14% | |
| 1 Year | -8.08% | -12.14% | |
| 3 Year | 14.01% | 7.65% | |
| 5 Year | -2.27% | -4.72% | |
| 10 Year | 5.26% | 4.67% | |
| Since Inception | 7.44% | 3.23% | |
Inception Date: 8.31.1997
3 year, 5 year and 10 year and since inception performance information are annualized.
Mutual Fund: Cambiar International Equity Fund
Ticker: CAMIX
Share Class: Investor
Inception Date: 8.31.1997
Minimum Initial Investment: $2,500 (IRA $500)
Ticker: CAMIX
Share Class: Investor
Inception Date: 8.31.1997
Minimum Initial Investment: $2,500 (IRA $500)
- Cambiar International Equity Fund - Fact Sheet Read about the performance, characteristics and portfolio breakdown for this Fund.
- Cambiar International Equity Fund - Commentary Read about the leading contributors and detractors for the International Equity Fund for the quarter.
- Cambiar International Equity Fund - Summary Prospectus
- Cambiar Funds - Prospectus