Product Attributes
- Investment universe includes any companies with a minimum market capitalization of $3 billion
- 35-40 holdings, which strikes a proper balance between concentration and diversification
- Sector weights based on bottom-up fundamentals, not index construction
- Aggregate portfolio valuations in line with the Russell 1000 Value Index
Risk Controls
- Maximum individual position size of 4% (at cost)
- Maximum sector weight of 25% (at cost)
- Disciplined sell process as stocks approach their target price
- Formal review for any underperforming holdings
- Ongoing portfolio review process
Decision-Making
- All portfolio buy and sell decisions are made in a collective manner by the Cambiar investment team