What Is the CAMX ETF? A Complete Guide to Returns, Fees, Holdings and Alternative ETFs
The Cambiar Aggressive Value ETF (CAMX) is an actively managed ETF that concentrates its investments in a small number of US value stocks, and its core feature is a non-diversified portfolio hand-picked by the manager. Before investing, it is worth reviewing its dividends and outlook alongside its costs and stock concentration.
SubscribeWhat Is the Cambiar Aggressive Value ETF?
This is an active ETF that does not track an index. Instead, the manager directly selects US-listed value stocks that it believes offer strong long-term capital appreciation opportunities. It aims for a non-diversified portfolio concentrated in a small number of holdings.
It suits investors who prefer the manager's active stock selection and concentrated positions over a broad market index.
It is an ETF with an active management approach, run by Cambiar Investors.
How Does the Cambiar Aggressive Value ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | None (active management) |
| Management Style | Active (stock selection) |
| Rebalancing Frequency | At the manager's discretion |
| Dividend Frequency | Annual |
| Expense Ratio | 0.59% |
The manager directly picks a small number of issuers among US-based companies that it judges to have strong long-term capital appreciation opportunities. Rather than mechanically following an index, it selects stocks actively and manages the fund in a non-diversified manner, concentrating on a few holdings.
- Active value stock selection by the manager
- Non-diversified structure concentrated in a few stocks
Cambiar Aggressive Value ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $66.5M, and the expense ratio is 0.59% per year.
Unlike passive ETFs that track a broad value index, it holds fewer stocks and gives the manager greater discretion.
Cambiar Aggressive Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe value style has shown a pattern of performance diverging from growth stocks depending on interest rates and the economic cycle, and because of its concentrated portfolio, individual stocks tend to have a larger impact than they would in an index-based fund.
Fund flows into active value ETFs depend on style preferences and management results, and their asset size and trading liquidity tend to be more limited than those of broad core ETFs.
Cambiar Aggressive Value ETF Strengths and Weaknesses
Active stock selection and concentrated investing are its strengths, but volatility and costs stemming from the non-diversified structure and active management are its weaknesses.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the Cambiar Aggressive Value ETF
The five tickers shown in the table, EFV, AVDV, IVLU, JIVE and JDVI, are ETFs that invest in international value stocks. They differ from this ETF in region and style, and many are index-based or low-fee factor strategies, so their management character is different. Within the same US value space, VTV, which broadly holds large-cap value stocks, IWD, which tracks Russell 1000 value stocks, and RPV, which focuses on the pure value factor, are often cited as index-based alternatives. They differ from this ETF's concentrated active approach in terms of diversification and cost.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EFV | iShares MSCI EAFE Value ETF | $79.28 | +0.8% | $30.4B | 0.33% | 4.61% | +15.7% |
 AVDV | Avantis International Small Cap Value ETF | $107.55 | +0.2% | $20.0B | 0.36% | 3.22% | +20.0% |
 DISV | Dimensional International Small Cap Value ETF | $42.78 | +0.3% | $5.1B | 0.42% | 2.65% | +19.2% |
 IVLU | iShares MSCI Intl Value Factor ETF | $42.55 | +0.8% | $4.5B | 0.30% | 3.3% | +18.9% |
 JIVE | JPMorgan International Value ETF | $94.50 | +0.6% | $4.4B | 0.55% | 1.94% | +24.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| ELV | Elevance Health Inc | 0.10% | $440.18 | +2.3% | $95.5B | 19.6 | 1.57% |
| UBER | Uber Technologies Inc | 0.10% | $68.94 | -1.5% | $140.8B | 15.2 | - |
| BMY | Bristol-Myers Squibb Co | 0.09% | $61.68 | +4.8% | $126.0B | 13.6 | 4.12% |
| ON | ON Semiconductor Corp | 0.04% | $75.62 | +3.4% | $29.4B | 48.7 | - |
 LUV | Southwest Airlines Co | 0.04% | $39.65 | +2.2% | $19.4B | 24.1 | 1.98% |
| CME | CME Group Inc | 0.04% | $295.31 | +0.6% | $106.2B | 25.0 | 3.59% |
| UNP | Union Pacific Corp | 0.04% | $287.61 | +0.2% | $170.9B | 23.3 | 1.91% |
Cambiar Aggressive Value ETF Investor Checkpoints
Here are the points to review before investing in CAMX. Because it is an active, concentrated ETF, it is wise to check in advance how its fees, stock diversification and management approach differ from broad index-based funds.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check active management costs | Needs verification |
| 📊 Stock Concentration | Impact of individual stocks in a non-diversified structure | High concentration |
| 🎯 Management Approach | Understand active selection without an index | Active management |
| 💱 Exchange Rate | Effect on returns converted to won | Not currency hedged |
The main sources of volatility are performance dispersion from concentration in a few stocks and active management. If the manager's selections go wrong, losses can be larger than with broad index-based ETFs.
It is an active ETF worth considering for investors who want the manager's value stock selection and concentrated investing instead of index tracking. If diversification and cost are the priority, it is advisable to also review passive alternatives such as VTV and IWD.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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