3 / 5 Stars
2 1 4 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#63 in Small Growth
U.S. News evaluated 215 Small Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 18.37 percent over the past year, 12.31 percent over the past three years, and 21.55 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||-1.8%|
|3 Years (Annualized)||12.3%|
|5 Years (Annualized)||21.6%|
|10 Years (Annualized)||N/A|
Champlain Small Company is losing a bit of its luster.
As of April 22, 2014, the fund has assets totaling almost $1.24 billion invested in 83 different holdings. Its portfolio consists primarily of shares of small and midsized companies.
The fund is largely defined by management's cautious approach. Management spreads the fund's assets across a large number of sectors and companies. As of the end of April, no single company accounted for more than 2 percent of the fund's assets. Meanwhile, the fund sports modest overweights to defensive companies that tend to hold up well during tough market conditions. By comparison, aggressive corners of the market, such as the technology sector, tend to occupy less space in this portfolio than they do in the portfolios of many of the fund's peers.
This fund launched in 2004. Between 2005 and 2008, it finished each year in the top third of Morningstar's small-growth category. Since then, however, its performance has been rather mediocre. Nonetheless, its returns since its inception still remain impressive. Notably, as of the end of July, its trailing five-year returns, thanks to its exceptional performance in its early years, landed it in the top 6 percent of its Morningstar category. The fund has returned 18.37 percent over the past year, and 12.31 percent over the past three years, and [RET_5YR]] over the past five years.
According to the fund's prospectus: "Through the consistent execution of a fundamental bottoms-up investment process, which includes an effort to understand a company's intrinsic or fair value, the Adviser expects to identify a diversified universe of small companies which trade at a discount to their estimated or intrinsic fair values. As such, the Adviser seeks to mitigate company specific risk by limiting position sizes to 5% of the Fund's total assets at market value."
Role in Portfolio
Morningstar calls the fund a "supporting player."
A team of six managers runs the fund.
Champlain Small Company Fund has an expense ratio of 1.38 percent.
Like all stock funds, this one comes with some risks.