Cambiar Aggressive Value ETF (CAMX)CAMX

Summary of US ETF Cambiar Aggressive Value ETF (CAMV)

Profile:

• CAMV is an actively managed exchange-traded fund (ETF) that invests primarily in small- and mid-cap U.S. companies with the potential for above-average capital appreciation.
• The ETF focuses on undervalued stocks with strong fundamentals and competitive advantages.
• Its investment strategy involves identifying mispriced stocks through fundamental analysis and deep research.

Objective:

• To achieve long-term capital appreciation through investments in undervalued U.S. companies.

Issuer:

• Cambiar Investors, LLC is the issuer of CAMV.
• Cambiar Investors is a boutique investment management firm with a strong reputation and track record in value investing.
• The firm has a team of experienced investment professionals with expertise in identifying and researching undervalued companies.

Market Share:

• CAMV has a market share of approximately 0.2% in the small/mid-cap value ETF category.

Total Net Assets:

• As of November 2023, CAMV has total net assets of approximately $750 million.

Moat:

• CAMV's competitive advantages include:
  • A differentiated investment approach that focuses on fundamental analysis and deep research.
  • A highly experienced investment team with a proven track record in value investing.
  • A disciplined approach to portfolio construction and risk management.

Financial Performance:

• CAMV has outperformed its benchmark index, the Russell 2500 Value Index, over the past 3 and 5 years.
• The ETF has delivered an annualized return of 15.5% compared to the benchmark's 12.2% over the past 5 years (as of November 2023).

Growth Trajectory:

• The small/mid-cap value investing segment is expected to experience moderate growth in the coming years.
• CAMV's strong performance and unique investment approach position it well for continued growth.

Liquidity:

• CAMV has an average daily trading volume of approximately 50,000 shares.
• The bid-ask spread is typically tight, indicating the ETF is relatively easy to buy and sell.

Market Dynamics:

• Economic indicators, interest rate fluctuations, and overall market sentiment can affect CAMV's performance.
• The small/mid-cap value investing segment tends to be more volatile than the broader market.

Competitors:

• Key competitors include iShares S&P SmallCap 600 Value ETF (IJJ), Vanguard Small-Cap Value ETF (VISV), and Invesco S&P SmallCap 600 Pure Value ETF (RZV).

Expense Ratio:

• CAMV's expense ratio is 0.62%, which is lower than the average for small/mid-cap value ETFs.

Investment Approach and Strategy:

• CAMV does not track a specific index.
• The ETF invests primarily in a concentrated portfolio of 25-40 small- and mid-cap U.S. stocks.
• The ETF's holdings are selected based on:
  • Company fundamentals
  • Strong competitive advantages
  • Potential for significant undervaluation

Key Points:

• Actively managed ETF focusing on undervalued small/mid-cap U.S. stocks.
• Strong historical performance and proven investment approach.
• Competitive fees and relatively high liquidity.

Risks:

• Volatility: The ETF can experience significant price swings due to its focus on small/mid-cap stocks and value investing style.
• Market risk: The ETF's performance is directly affected by the performance of its underlying assets, which can be impacted by various economic and market factors.
• Sector Concentration: The ETF's focus on small/mid-cap stocks may expose investors to increased sector-specific risks.

Who Should Consider Investing:

• Investors with a long-term investment horizon and a tolerance for volatility.
• Investors seeking exposure to small/mid-cap value stocks with the potential for above-average capital appreciation.
• Investors who believe in the active management approach and the expertise of CAMV's investment team.

Fundamental Rating Based on AI:

• 7.5/10

• CAMV exhibits strong fundamentals across various aspects:

  • Financial performance: Outperforming its benchmark and delivering competitive returns.
  • Market position: Competitive expense ratio and decent market share indicate efficient management.
  • Growth trajectory: Moderate growth potential in the small/mid-cap value segment.
  • Moat: Differentiated investment approach and experienced team create a competitive edge.

• However, the ETF's high volatility and sensitivity to market fluctuations might be a concern for some investors.

Resources and Disclaimers:

• Data sources: ETF.com, Morningstar, Cambiar Investors
• Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Consult with a qualified financial advisor before making any investment decisions.

Note:

This summary is based on publicly available information as of November 2023. Please be aware that information may change over time, and it's important to conduct your own research before making any investment decisions.