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

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

Slide 1: Cambiar International Equity Fund
VW CAMBIAR INTERNATIONAL EQUITY FUND Morningstar Rating: tow 2Q 2020 648 Foreign Large Blend Funds as of 6/30/20 Portfolio Attributes » 40-50 stock portfolio = Up to 15% (at cost) in emerging markets « Diversified across sectors, countries, regions = Conviction-weighted ‘bottom-up’ construction = Ty
Slide 2: Top Ten Country Allocations and Holdings
Top Ten Country Allocations Top Ten Holdings Cambiar MSCI EAFE Security Weight Sector Germany 17.9% 9.3% SA? 3.8% Information Technology France 14.9% 10.9% Reckitt Benckiser 3.3% Consumer Staples United Kingdom 12.6% 13.3% Anglo American 3.0% Materials Japan 9.0% 25.4% Roche Holding 2.9% Healthcare