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15 important things you should know about Champlain Funds CIPIX mutual fund

Updated: September 27, 2020
80
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • High expense ratio

Before we start: if you’re looking for CIPIX “stock” price, you can quickly find it out by visiting Finny and typing "CIPIX quote". If you’re looking for a quick scoop on CIPIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CIPIX". You’ll get all this info in one place.

Are you looking to buy or sell CIPIX? Or perhaps you’re looking for CIPIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this CIPIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: CIPIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: CIPIX buy or sell; the pros and cons of investing in CIPIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to CIPIX.

And here is the list of questions we’ll answer:

  1. Describe Advisors' Inner Circle Fund II: Champlain Mid Cap Fund; Institutional Shares (CIPIX).
  2. What are CIPIX holdings?
  3. What is CIPIX performance? What are CIPIX historical returns?
  4. How many up and down years did CIPIX have historically?
  5. What is CIPIX dividend yield?
  6. What is CIPIX minimum initial investment amount?
  7. What is CIPIX expense ratio?
  8. Does CIPIX have any sales loads or 12b-1 distribution expenses?
  9. What is CIPIX tax efficiency (tax-cost ratio)?
  10. What is CIPIX beta? How would you assess CIPIX risk?
  11. What is CIPIX Sharpe ratio?
  12. What is CIPIX Finny Score? CIPIX buy or sell?
  13. What are the pros of investing in CIPIX? What are CIPIX buy reasons?
  14. What are the cons of investing in CIPIX? What are CIPIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors' Inner Circle Fund II: Champlain Mid Cap Fund; Institutional Shares (CIPIX).

The Fund seeks capital appreciation. The Fund seeks to invest under normal conditions, at least 80% of its net assets in securities of medium-sized companies, and to a lesser extent small and large sized companies, which have attractive long term fundamentals, superior appreciation potential and attractive valuations.

2. What are CIPIX top holdings?

CIPIX has 58 stock holdings and 0 bond holdings.

The top 10 holdings represent 27.90% of total assets. Here are the top holdings:

Name Symbol % Assets
ServiceNow Inc NOW 3.16%
Fortive Corp FTV 3.10%
Bio-Techne Corp TECH 3.04%
AMETEK Inc AME 2.96%
Workday Inc Class A WDAY 2.77%
JM Smucker Co SJM 2.71%
Tractor Supply Co TSCO 2.59%
Catalent Inc CTLT 2.58%
Veeva Systems Inc Class A VEEV 2.52%
Splunk Inc SPLK 2.47%

3. What is CIPIX performance? What are CIPIX historical returns?

CIPIX has generated the following returns:

  • 1-month return is -1.87%;
  • 3-month return is 4.76%;
  • 1-year return is 13.41%;
  • 3-year return is 14.75%;
  • 5-year return is 15.29%;
  • 10-year return is 14.54%.

4. How many up and down years did CIPIX have historically?

In the last 10 years, CIPIX had 10 up years and 0 down years.

CIPIX up and down years

5. What is CIPIX dividend yield?

CIPIX yield is 0.03%.

6. What is CIPIX minimum initial investment amount?

CIPIX minimum initial investment amount is $1.00M.

7. What is CIPIX expense ratio?

CIPIX expense ratio is 0.87%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

CIPIX expenses

8. Does CIPIX have any sales loads or 12b-1 distribution expenses?

CIPIX 12b-1 distribution fee is 0. CIPIX front-end sales load is 0. CIPIX back-end sales load is 0.

9. What is CIPIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.06%;
  • 3-year ax cost ratio is 1.44%.
CIPIX tax costs

10. What is CIPIX beta? How would you assess CIPIX risk?

  • 3-year beta is 1.03;
  • 5-year beta is 1.02;
  • 10-year beta is 1.01.
CIPIX Beta

11. What is CIPIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.66;
  • 5-year Sharpe ratio is 0.74;
  • 10-year Sharpe ratio is 1.00.
CIPIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 80. Our quantitative analysis shows 4 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 80.

13. What are the pros of investing in CIPIX? What are CIPIX buy reasons?

The following are CIPIX strengths from our perspective:

  • <strong>CIPIX 3-year return</strong> is 14.75%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap TR USD), 7.4%.
  • <strong>CIPIX 5-year return</strong> is 15.29%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap TR USD), 9.31%.
  • <strong>CIPIX 10-year return</strong> is 14.54%, which is higher than the 10-year return of the benchmark index (Russell Mid Cap TR USD), 11.97%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in CIPIX? What are CIPIX negatives?

The following are CIPIX weaknesses from our perspective:

  • <strong>CIPIX expense ratio</strong> is 0.87%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the CIPIX review, we covered CIPIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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