Cambiar Small Cap Fund Investor CL — Cambiar Investors — Fact Sheet (April 2021)

2 slides from Cambiar Small Cap Fund Investor CL's fact sheet, April 2021

Slide 1: Cambiar International Small Cap
Y CAMBIAR INTERNATIONAL SMALL CAP PORTFOLIO ATTRIBUTES FOCUSED INTERNAL RESEARCH 1Q 2021 40-50 stock portfolio Rigorous Equity Underwriting — Goal in evaluating Investable universe for the strategy includes opportunities/risks/stock valuations international companies primarily in the $500 Capital St
Slide 2: Country Allocations, Sector Weighting and Cambiar Overview
TOP TEN COUNTRY ALLOCATIONS SECTOR WEIGHTING United Kingdom 20.9% 18.1% Consumer Discretionay (i : . Germany 15.8% 5.3% Consumer — = Japan 13.6% 28.2% a France 10.5% 3.3% Health Cae SE Italy 6.5% 2.9% Industrials Norway 44% 2.3% Information Technology [NTT es Spain 4.0% 2.1% Materials Lo 5 Real E: B