Just FYI for Champlain fans. I have owned the CIPSX and CIPMX for sometime. So this was automatic for me. I was moving some assets and bought CIPYX yesterday when the market was down.
Needless to say I'll be monitoring their SAI next year since fund is new to make sure manager has skin in the game. Champlain has shown to be good fiduciary and I have confidence I will not be wrong. The fund is already up 10% this year. One can never time these things perfectly, but I expect to hold and DCA into for long haul.
Artisan, Bridgeway, champlain are only few fund families I'm prepared to do "large","mid","small" with. Else its all boutique funds for me and indexing / balanced in retirement accounts.
I'm VF and I approve this message.
Comments
I've held CIPSX since 2006, and I was happy for a while (especially in '08!) but I have been thinking of selling as part of a general move to lower my equity exposure a little and consolidate into fewer funds. Could you give me the reasons why you're a Champlain fan? I'm sure your reasons are excellent, which is why I'd like to hear them in case they convince me to hold on and sell off another fund instead.
I haven't minded that CIPSX underperformed the wild bull over the past few years, but I am disappointed that in this year's mild downdraft for small caps it hasn't held up better. Downside protection is what it's supposed to be a good at. But hey, no one's perfect, and a few months and a few points of underperformance isn't a biggie in you believe in the management.
YTD: 60 Percentile
One Year: 82 Percentile
Three Year: 53 Percentile
Five Year: 81 Percentile
M* Snapshot Performance Of CIPSX: http://performance.morningstar.com/fund/performance-return.action?t=CIPSX®ion=usa&culture=en-US
CIPSX Is Ranked # 115 In The (SCG) Category By U.S. News & World Report:
http://money.usnews.com/funds/mutual-funds/small-growth/champlain-small-company-fund/cipsx
You are also the guy who likes to pay fund managers a fee for holding 12 cents of every dollar you invest in cash.
"Not seeing the problem. I one fund say I put 10K and put 5K in the bank. Or I put 15K in FPACX. What's the difference?"
Regards,
Ted
Unfortunately, they charge too much given their AUM.
Also dare I repeat something that entirely no one pays attention too? When you buy not why you buy. I have owned champlains forever or luckily timed my buys right. I certainly don't sell because my funds dont lead the pack forever or ever.
Finally Ted, I am absolutely happy with the "guy I am". At least I am human.
Regards,
Ted
If like me, VF bought it near inception, it's done well for him. I think it's best to judge funds over a full market cycle, including a bear, and on that scale CIPSX has done well.
That said, I think there are better funds (and I have too many), but I'd have to take a big capital gains hit so I'm planning to sell it only when I decide to cut back on equities. But I'm nearing that moment...
Regards,
Ted
The child in me is still alive. Little did I know however I seem to be engaging with Children.
As for that Spammel award, make it the generic variety with meat from all kinds of animals known and unknown.
On the other hand (why does there always have to be "another hand"?) I do find a few of those links to be either interesting or informative.
Mostly it is the snide comments out of the blue that turn me off. The flag option is there but I reserve that for personal attacks of which there are extremely few here.
I have a personal admiration for all things Champlain. Lake Champlain is a worthy inspiration for an investment firm...much like Wasatch (the Wasatch Mountains) Funds. Wish they both charged a lot less for that inspiration.