Champlain Mid Cap Fund Advisor Class 

This fund's primary objective is to achieve capital appreciation. Typically, it commits a minimum of 80% of its net assets, along with any funds borrowed for investment, to securities issued by medium-sized companies. To pursue this growth, the fund predominantly invests in common stocks of mid-sized firms that the Adviser believes demonstrate robust long-term fundamentals, offer excellent potential for increasing in value, and are available at compelling valuations.