Cambiar Small Cap Fund Investor CL — Cambiar Investors — Fact Sheet (July 2020)

2 slides from Cambiar Small Cap Fund Investor CL's fact sheet, July 2020

Slide 1: Cambiar International Equity ADR
VW CAMBIAR INTERNATIONAL EQUITY ADR Portfolio Attributes Ae AsPio) » 40-50 stock portfolio = Up to 15% (at cost) in emerging markets » Diversified across sectors, countries, regions * Conviction-weighted ‘bottom-up’ construction » Typical time horizon for holdings: 1-2 years Performance 21% 14% 1% 0
Slide 2: Top Ten Country Allocations and Top Ten Holdings
Top Ten Country Allocations Top Ten Holdings Cambiar MSCI EAFE Security Weight Sector Germany 17.6% 9.3% SAP 3.6% Information Technology France 14.4% 10.9% Reckitt Benckiser 3.1% Consumer Staples United Kingdom 12.7% 13.3% Anglo American 3.0% Materials Japan 9.3% 25.4% DBS Group 2.8% Financials Neth