CIPMX Fees and Costs — Champlain MidCap Fund, Advisor Class
Data updated: 2026-08-28
The net expense ratio is 1.11%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.0296% of average net assets, and portfolio turnover was 44%.
CIPMX Fees and Expenses
Annual operating expenses and sales charges of CIPMX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
CIPMX Costs Over Time
On $10,000 invested in CIPMX, assuming 5% a year before costs, total costs come to $711 over 5 years, cutting the return by 1.20% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $120 | $391 | $711 |
| Value after costs | $10,380 | $11,185 | $12,052 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
CIPMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0296%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
CIPMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET | $174K | 19.20% |
| LIQUIDNET | $158K | 17.47% |
| DIRECT TRADING INSTITUTIONAL INC | $145K | 15.97% |
| STATE STREET | $141K | 15.59% |
| GOLDMAN, SACHS & CO. | $70K | 7.68% |
| KEEFE BRUYETTE AND WOODS INC. | $56K | 6.14% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $45K | 4.94% |
| SANFORD C. BERNSTEIN & CO., LLC | $42K | 4.67% |
| JEFFERIES LLC | $38K | 4.24% |
| UBS SECURITIES | $37K | 4.11% |
Champlain MidCap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CIPIX | Institutional Class | 0.86% | — |
| CIPMX | Advisor Class | 1.11% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.