Champlain Mid Cap Fund

The Champlain Mid Cap Fund is available in two share classes: “Advisor” Shares and “Institutional” Shares. The “Advisor” Shares require a $10,000 minimum initial investment and the “Institutional” Shares have a minimum initial investment of $1 million.

Advisor Shares
Institutional Shares
Ticker: CIPMX
Cusip: 00764Q744
Fund Inception: 06.30.08
Expense Ratio (Net): 1.20%*
Expense Ratio (Gross): 1.21%
Minimum Investment: $10,000

* The Adviser has contractually agreed to reduce fees and reimburse expenses in order to keep the Total Annual Fund Operating Expenses from exceeding 1.20% until November 30, 2017. The Fund is currently running at or under the contractual cap.

Ticker: CIPIX
Cusip: 00766Y513
Fund Inception: 01.03.11
Expense Ratio (Net): 0.95%*
Expense Ratio (Gross): 0.96%
Minimum Investment: $1,000,000

* The Adviser has contractually agreed to reduce fees and reimburse expenses in order to keep the Total Annual Fund Operating Expenses from exceeding 0.95% until November 30, 2017. The Fund is currently running at or under the contractual cap.

The Champlain Funds are available to US investors only and may not be available in all states. The Champlain Funds are distributed by SEI Investments Distribution Co.(SIDCO), which is not affiliated with the adviser. Check the background of SIDCO on FINRA's BrokerCheck.

Disclosure:

To determine if this Fund is an appropriate investment for you, carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds full or summary prospectus, which may be obtained by calling 1-866-773-3238. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.