Composite Performance (%) as of 6.30.10*
|
Gross
|
Net
|
MSCI EAFE
|
|
|
2Q10
|
-10.5%
|
-10.8%
|
-14.0%
|
|
Year to Date
|
-7.9%
|
-8.4%
|
-13.2%
|
|
1 Year
|
13.7%
|
12.5%
|
5.9%
|
|
3 Year
|
-7.7%
|
-8.7%
|
-13.4%
|
|
Since Inception - (2.8.06)
|
1.0%
|
-0.2%
|
-3.5%
|
* 3 year and Since Inception performance information is annualized.
Calendar Year Total Return (%)
|
Gross
|
Net
|
MSCI EAFE
|
|
|
2009
|
38.6%
|
37.2%
|
31.8%
|
|
2008 |
-40.1% |
-40.9% |
-43.4% |
| 2007 | 16.3% | 14.6% | 11.2% |
|
2006 (2.28.06 to 12.31.06)
|
17.8%
|
16.6%
|
19.3%
|
The performance information depicted above represents Cambiar’s International Equity ADR Composite. Returns are net of transaction costs and include the reinvestment of all income. Gross returns do not reflect the deduction of management fees. Actual returns will be reduced by management fees. The client is referred to Cambiar’s Part II of Form ADV for a full disclosure of the fee schedule. As fees are deducted quarterly, compounding increases the impact of the fees by an amount directly related to the gross account performance. For example, an investment of $10,000 on 01/01/2009 would have grown to $13,855 on a gross-of-fees basis and $13,722 on a net-of-fees basis on 12/31/2009 based upon the actual returns earned in the composite. The 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 performance of the MSCI EAFE benchmark includes the reinvestment of all income. Cambiar’s past results do not necessarily indicate Cambiar’s future performance and, as is the case with all investment advisors who concentrate on equity investments, Cambiar’s future performance may result in a loss. Please refer to Appendix A of this presentation for a detailed explanation of performance.
Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.