2 / 5 Stars
2 1 2 2 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 487 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 23.99 percent over the past year, 7.06 percent over the past three years, 22.19 percent over the past five years, and 6.24 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.6%|
|3 Years (Annualized)||7.1%|
|5 Years (Annualized)||22.2%|
|10 Years (Annualized)||6.2%|
Cambiar Opportunity has built an impressive long-term record.
As of March 05, 2014, the fund has assets totaling almost $834.89 million invested in 36 different holdings. Its portfolio consists primarily of shares of large companies.
After a blockbuster 2009, this fund was headed for a mediocre 2010. Through the end of the third quarter, it was struggling quite a bit, in large part due to the fund's energy picks, which suffered in the aftermath of the Gulf of Mexico spill. But the market's end-of-the-year rally treated the fund particularly well, and it ended the year up 19 percent. That was good enough to land it in the top 10 percent of Morningstar's large-blend category. The fund has also had an encouraging start to this year, with its positions in Halliburton and Chevron paying off particularly well in the opening months of the 2011. At the same time, retailer Target was a huge detractor from the fund's performance in the first quarter. Compared to its peers, this fund has a slightly higher-than-average exposure to foreign companies. For instance, Flextronics International, which as of the end of 2010 was the fund's second-largest holding, is based in Singapore. The fund has returned 23.99 percent over the past year and 7.06 percent over the past three years.
Since 2001, the fund has finished six separate years in the top 10 percent of Morningstar's large-blend category. As of the end of the first quarter, the fund's trailing 10-year returns landed it in the top 9 percent of that same category. The fund has returned 22.19 percent over the past five years and 6.24 percent over the past decade.
According to the fund's prospectus: "The goal of the Fund is to provide above-average performance in both rising and falling market periods by investing in stocks that have limited downside risk and positive upside potential. ... The Adviser's approach focuses first on individual stocks and then on industries or sectors."
Role in Portfolio
Morningstar calls this fund a "core" holding.
A team of five managers runs the fund.
Cambiar Opportunity Portfolio has an expense ratio of 0.95 percent.
Like all stock funds, this one comes with some risks.