Cambiar Aggressive Value Fund Ranked #1 among World Stock Funds
DENVER--(BUSINESS WIRE)--The Cambiar Aggressive Value Fund (CAMAX) is ranked #1 out of 773 World Stock funds tracked by Morningstar, with an annualized return of 26.03% for the trailing 5 years (6/30/09-6/30/14), and #1 out of 650 World Stock funds since its inception in 2007, with an annualized return of 11.74% (as of 6/30/2014). The fund also holds the rank of #1 out of 1,123 funds within the same peer group for the trailing one year period (6/30/13-6/30/14) with a total return of 50.79% (as of 6/30/14).
“When we launched the fund we had a number of goals in mind”
|As of 6/30/14||2Q14||YTD||1 Year||3 Year||5 Year||
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Returns assume reinvestment of all dividend and capital gains distributions. Expense ratio is 1.40% (gross); 1.35% (net). Contractual fee waiver in effect until September 1, 2014.
“The Aggressive Value Fund embodies my own philosophy of investing, and may not fit neatly into a box,” stated Brian Barish, the fund’s Portfolio Manager, “but I am extremely pleased with the performance we have been able to provide fund shareholders especially given the fierce range of market conditions we have traversed since the fund's inception.” Launched in August of 2007, the Cambiar Aggressive Value Fund’s goal is to seek long-term capital appreciation. A global all-cap fund, Aggressive Value seeks to achieve this objective by holding concentrated positions in 20-25 equities at a time.
The Aggressive Value Fund offers a distinctive approach to fund management not employed by many asset managers. “When we launched the fund we had a number of goals in mind,” said Barish, President and CIO of Cambiar. “First we believed that we could generate meaningful outperformance over time using a highly concentrated portfolio structure. Second, we wanted to allow the portfolio to be extremely flexible in terms of geography and capitalizations range. Lastly, we wanted the fund to possess the capacity to implement investment decisions and insights very aggressively.”
Cambiar adheres to a single investment philosophy when constructing their portfolios. Their time-tested relative value investment discipline seeks to identify stocks that are trading at the low end of a longer term valuation range relative to history or relevant peers, with quality businesses and underlying financial characteristics, and possess positive developments not yet recognized by the market. “For the Aggressive Value Fund I am identifying those (Cambiar) stocks I believe possess either higher aggregate amounts of upside potential or offer a higher probability of appreciation,” continued Barish.
Cambiar Investors is a Denver-based, investment management firm, found in 1973. The company utilizes a ‘relative value’ investment philosophy across a wide range of strategies including Large Cap Value, Small Cap Value, SMID, International and Global, (available as separate accounts or mutual funds). The firm’s disciplined, research-driven investment approach coupled with being a 100% employee owned organization creates a corporate culture that shares a common pursuit of excellence with their clients.
Performance ranking for the Cambiar Aggressive Value Fund is compared to the Morningstar World Stock Peer group and is based off of total return for the one, five and since inception time period. The Morningstar World Stock peer group consists of open-end international mutual funds that have more than 20% of stocks invested in the United States.
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 1-866-777-8227. Read the prospectus carefully before investing or sending money. The Fund charges a 2.00% redemption fee on redemptions of shares held for less than 90 days.
Mutual fund investing involves risk, including possible loss of principal. In addition to the normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. There can be no assurances that the Portfolio will achieve its stated objectives. Current and future holdings are subject to risk. The Cambiar Aggressive Value Fund is a non-diversified fund.
The Cambiar Aggressive Value Fund is distributed by SEI Investments Distribution Co., which is not affiliated with Cambiar or any of its affiliates.
For each fund with at least a three year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year Morningstar Ratings metric. CAMAX was rated against 825 World Stock funds over a three year period and 661 over a five year period. With respect to these World Stock funds CAMAX received a rating of 1 stars and 5 stars, respectively. Past performance is no guarantee of future results.
Russell 3000 Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The MSCI World Index is an unmanaged index compiled by Morgan Stanley Capital International. The MSCI indices returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.