Conestoga Mid Cap Fund
The lead portfolio managers of the Conestoga Mid Cap Fund are Derek Johnston, CFA and Ted Chang, CFA, with Robert Mitchell serving as co-portfolio manager. The Fund was launched on June 29, 2021.
Investment Objective: The Fund seeks to provide long-term growth of capital.
Fund Direct Account Access
Conestoga Funds Distributions:
- For the year 2022, there were no capital gains distributions in the Conestoga Mid Cap Fund.
Ticker | CUSIP | Net Assets (12/31/22) | Inception | Minimum Initial Investment | Total Gross Operation Expenses | Total Net Operation Expenses* | |
Investor Class | CCMMX | 207019803 | $0.4 Mil | 6/29/2021 | $2,500 | 15.74% | 1.05% |
Institutional Class | CCMAX | 207019886 | $1.5 Mil | 6/29/2021 | $250,000 | 12.20% | 0.80% |
* These are expenses that you pay each year as a percentage of the value of your investments. Conestoga Capital Advisors, LLC (the “Adviser”) has contractually agreed to limit the Fund’s ‘Total Annual Fund Operating Expenses’ to 0.80% (for the Institutional Class) and 1.05% (for the Investors Class) of the Fund’s average daily net assets until at least January 31, 2024, subject to termination at any time at the option of the Fund. There is no guarantee that the agreement to limit the Fund's net annual operating expense will be renewed or extended.
Characteristics as of 12/31/22*
*Subject to change. P/E (1 Yr Fwd) is the ratio of a stock’s price to forecasted earnings over the next year. Earnings growth is the forecasted growth rate of a company’s earnings over the next 3-5 years. ROE—Five Year Average is calculated as a company’s net income divided by its shareholders’ equity, and is a measure of profitability. Long-Term Debt/Capital is a measure of how much debt a company is using to finance its operations, and is determined by dividing long-term debt by total capitalization. Forecasted data is sourced from FactSet Research Systems and represents the average of sell-side analyst forecasts.
Top Ten Holdings as of 12/31/22*
*Current and future portfolio holdings are subject to risk. Top Ten Equity Holdings presented as a percent of the Fund’s assets. The security holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of areas in which the Fund may invest, and may not be representative of the Fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice. |
Performance as of 12/31/22:
| QTD | YTD | 1 Year | Inception 6/29/2021 |
| CCMMX | 5.08% | -30.34% | -30.34% | -17.82% |
| CCMAX | 5.21% | -30.12% | -30.12% | -17.60% |
| Russell Mid Cap Growth | 6.90% | -26.72% | -26.72% | -17.78% |
* All periods greater than one year are annualized. Performance is based upon closing NAV calculation on listed dates and represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance quoted. Performance data includes reinvestment of dividends. Investment returns and principal value of an investment in Conestoga Mid Cap Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the Fund’s daily NAV, list of additional holdings, total return as of the most recent month-end and a copy of the Fund’s prospectus, please visit www.conestogafunds.com or call 1-800-494-2755. Russell Mid Cap Growth Index measures the performance of those Russell Mid Cap companies with higher price-to-book ratios and higher forecasted growth values.
Investors Share Class (CCMMX) Information | Mid Cap Fund Prospectus & Shareholder Reports |
Institutional Share Class (CCMAX) Information | Additional Information |