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

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

Slide 1: Cambiar International Equity ADR
VW CAMBIAR INTERNATIONAL EQUITY ADR PORTFOLIO ATTRIBUTES FOCUSED INTERNAL RESEARCH 4Q 2020 40-50 stock portfolio Rigorous Equity Underwriting — Goal in evaluating Diversified portfolio that invests primarily in opportunities/risks/stock valuations international large-cap companies Capital Stewardshi
Slide 2: Country Allocations, Sector Weighting and Cambiar Overview
TOP TEN COUNTRY ALLOCATIONS SECTOR WEIGHTING Cambiar MSCI EAFE Communication Services | Germany 15.6% 9.4% Consumer 0s rrr 6% 4% Consumer Stap -s France 15.1% 11.1% nay | | Switzerland 10.2% 9.6% inancia Netherlands 8.9% 4.3% Ho oe | United Kingdom 8.4% 13.2% |< a Japan 8.3% 25.3% Information 6c Met