Cambiar Investors | 2Q Commentary - Large Cap Value & Small Cap

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2Q Commentary - Large Cap Value & Small Cap

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2010-07-14

While it is impossible to exclude the macro from our investment thinking, the Cambiar investment team remains focused on closely watching our current holdings, while always seeking new opportunities. Given the recent sell-off, we are finding no shortage of attractive investment candidates.

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Cambiar Investors LLC 2401 E. Second Avenue Denver, CO 80206

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.

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.