Cambiar Investors believes that in the constantly evolving equity markets, quality investment opportunities can present themselves at attractive valuations. The Cambiar Aggressive Value ETF seeks to uncover these pricing disconnects by utilizing a Quality, Price, Discipline (QPD) approach combined with ‘go anywhere’ flexibility in order to exploit the best opportunities for our clients.
The name is not only designed to be provocative, but to instill a clear understanding to investors that Cambiar seeks to discover companies that meet our QPD process and aggressively invest in these opportunities to garner the greatest results for our clients.
This ambitious approach to investing can lead to a portfolio that is heavily skewed to areas of the market we believe have the greatest risk/reward profile, resulting in a non-diversified portfolio.
Cambiar’s QPD approach is the firm’s evolution of a relative value investment style. We believe this process has a number of intrinsic competitive advantages. Our discipline is more flexible than an absolute value approach. By focusing on the valuation measures that are most applicable for a given company and/or industry and calibrating these valuation ranges for the company’s level of profitability and financial strength, Cambiar can aggressively underwrite positions across a wider opportunity set than a traditional value approach.
The Cambiar Aggressive Value ETF’s flexibility to invest in domestic and international stocks up and down the market cap range means it is not tied to any single asset class or region, allowing for a deep pool of investment possibilities.
Designed to be an alpha-generating strategy, we believe the Cambiar Aggressive Value ETF is best utilized as a satellite investment in an asset allocation model for investors with higher risk tolerance.
For investors who may have additional satellite investments, CAMX can potentially provide an additional layer of diversification by being a good compliment to more growth-oriented/disruptive investments. CAMX seeks to generate alpha in areas of the market that are not usually investable to speculative growth managers.
*Diversification does not ensure a profit or guarantee against a loss.
Alpha – A measure of the difference between a portfolio’s actual returns and its expected performance, given its level of risk as measured by beta. A positive Alpha figure indicates the portfolio has performed better than its beta would predict. In contrast, a negative Alpha indicates the portfolio has underperformed, given the expectations established by beta.
Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging Markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. With short sales, you risk paying more for a security than you received from its sale. Short sales losses are potentially unlimited and the expenses involved with the shorting strategy may negatively impact the performance of the Fund. The Cambiar Aggressive Value ETF is a non-diversified fund. The Fund pursues a “value style” of investing. Value investing focuses on companies whose stock appears undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If the Adviser’s assessment of market conditions, or a company’s value or prospects for meeting or exceeding earnings expectations is inaccurate, the Fund could suffer losses or produce poor performance relative to other funds or market benchmarks. The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. There is no guarantee that the Fund will meet its stated objectives.
To determine if a Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s summary or statutory prospectus which can be obtained by clicking here or calling 1-866-777-8227. Please read it carefully before investing.
Cambiar Funds are distributed by SEI Investments Distribution Co., 1 Freedom Valley Dr. Oaks, PA 19456, which is not affiliated with the Advisor. Cambiar Funds are available to US investors only. Strategies included within the Separate Account section are not mutual funds and are not affiliated with SEI Investments Distribution Co.