Champlain Small Company Fund Advisor Class 

Under typical market conditions, this fund allocates a minimum of 80% of its total assets—including any funds acquired through borrowing—to the securities of smaller corporations. The primary aim is to enhance capital value by concentrating investments in the common stocks of small-capitalization companies. These companies are selected by the Adviser based on their perceived strong underlying long-term business health, exceptional potential for capital appreciation, and attractive pricing.