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Champlain Mid Cap Fund to close to new investors

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/890540/000113542817000918/champlainmc-497.txt

DOCUMENT>
497
1
champlainmc-497.txt


THE ADVISORS' INNER CIRCLE FUND II

CHAMPLAIN MID CAP FUND (THE "FUND")

ADVISOR SHARES (CIPMX)
INSTITUTIONAL SHARES (CIPIX)


SUPPLEMENT DATED SEPTEMBER 5, 2017
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (THE "SAI") DATED NOVEMBER 28, 2016

THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE SUMMARY PROSPECTUS, PROSPECTUS AND SAI, AND SHOULD BE READ IN
CONJUNCTION WITH THE SUMMARY PROPSECTUS, PROSPECTUS AND SAI.

Effective October 1, 2017, the Fund will be closed to new investors. As of
October 1, 2017, shares of the Fund may be purchased only by existing fund
shareholders, qualified retirement plans and fee-based advisory programs with
centralized investment discretion that have selected the Fund as an investment
option prior to October 1, 2017. The Fund reserves the right to permit
additional investments on a case-by-case basis as deemed appropriate by and in
the sole discretion of Champlain Investment Partners, LLC, the Fund's adviser
(the "Adviser").


PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

CSC-SK-013-0100






Comments

  • VintageFreakVintageFreak
    I hope it is not being closed so it will liquidate...
  • BrianW
    Seems to be a good fund. If would be a shame if they did liquidate.
  • guilhermes
    VintageFreak
    You mention the possibility of the fund liquidating, however the fund webpage is indicating about $1.5 billion in assets, do you see any indication that liquidation is being considered.
    Thanks
  • TedTed
    @MFO Members: Believe me this fund isn't going to liquidate, it has to good a performance record. The fund is ranked #6 in the MCG Fund Category by U.S. News & World Report
  • TheShadowTheShadow
    CIPMX can be bought through Scottrade for a minimum initial investment of $100.00, no T/F.
  • gmarceau
    This is one solid fund. Learned about it from M*, but very similar in performance to their small cap fund CIPSX which closed a while back. Their large cap fund has almost no interest and I think their EM fund has underperformed, but this team seems to have a solid process in domestic small/mid caps.
  • BenWPBenWP
    M* article of 12/2015 predicted this find might close soon.
  • TedTed
    @BenWP & MFO Members: Thank BenWP, here is the M* article.
    Regards,
    Ted
    http://www.morningstar.com/cover/videocenter.aspx?id=732466
  • VintageFreakVintageFreak
    edited September 2017
    guilhermes said:

    VintageFreak
    You mention the possibility of the fund liquidating, however the fund webpage is indicating about $1.5 billion in assets, do you see any indication that liquidation is being considered.
    Thanks

    I was lamenting aloud:-). Thanks for making me feel better. I owned another fund of theirs that closed because no one would invest in it. So wondered if a big investor pulled out assets out of CIPMX and is why the fund closed.
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