Burlington, Vermont

180 Battery Street, Suite 400
Burlington, VT 05401
Phone: 802-846-6200

Mutual Fund Information

For information on our mutual funds, please call: 866-773-3238.

Disclosure: To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s 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.

Foreign investments present risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors. The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. These risks may be magnified further with respect to “frontier market countries,” which are a subset of emerging market countries with even smaller national economies. Small-cap stocks also are subject to substantial risks such as market, business, size volatility, management experience, product diversification, financial resource, competitive strength, liquidity, and potential to fall out of favor that may cause their prices to fluctuate over time, sometimes rapidly and unpredictably.

The Champlain Emerging Markets Fund is available to US investors only. The Champlain Emerging Markets Fund is distributed by SEI Investment Distribution Co. (SIDCO) 1 Freedom Valley Drive, Oaks, PA, 19456, which is not affiliated with the adviser. The fund is non-diversified and may experience greater volatility.

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