Top 10 Holdings as of 3.31.08

Cambiar
Russell 2000 Value
Russell 2000
Diebold
3.0
0.0
0.0
Oil States Int'l
2.7
0.4
0.2
Petrohawk Energy 
2.7
0.3
0.3
THQ, Inc.
2.6
0.0
0.1
Heidrick & Struggles
2.5
0.0
0.1
Semtech Corp. 
2.3
0.0
0.1
St. Mary Land & Exploration
2.3
0.0
0.0
Hanover Insurance
2.2
0.0
0.0
Stage Stores
2.2
0.1
0.1
Superior Energy
2.2
0.0
0.0

Total

24.7%

0.8%

0.9%


Sector Weightings as of 3.31.08

Cambiar
Russell 2000 Value
Russell 2000
Basic Materials
0.0
7.6
5.8
Consumer Discretionary
17.5
11.3
13.6
Consumer Staples
2.1
4.1
3.3
Energy
12.7
6.9
7.8
Financials
11.3
32.5
20.0
Health Care
20.0
5.6
13.0
Industrials
8.1
12.8
15.2
Technology
26.2
12.0
17.0
Telecom Services
0.0
1.3
1.2
Utilities
2.2
5.6
3.1



Characteristics as of 3.31.08

 
Cambiar
Russell 2000 Value
Russell 2000
P/E Ratio - 1 Year Forecast
11.9x
15.4x
18.0x
Price/Book
1.7x
1.4x
1.9x
EPS Growth - Long Term
14.8%
11.6%
16.2%
Dividend Yield
1.0%
2.2%
1.4%
Wtd Avg Mkt Cap
$1.5 B
$1.1 B
$1.3 B
Median Market Cap
$1.1 B
$0.5 B
$0.5 B

Characteristics are subject to change. The one year forecast is included for illustrative purposes and accordingly, no assumptions or comparisons should be made based upon these ratios. The projected ratios are based upon third party sources that are deemed to be reliable, however, Cambiar does not guarantee its accuracy or completeness.  Holdings and sector weightings are subject to change.