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Conestoga Mid Cap Fund

  • At this time, we do not expect any capital gains distributions in the Conestoga SMid Cap Fund, Conestoga Micro Cap Fund, and the 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

​​To open a new Conestoga Fund Account or to view an Existing Fund Direct Account, please access the secure site above.  To open an account or for operational questions, please call the Fund's Servicing Agent (Ultimus Fund Distributors, LLC) at: (800) 494-2755.  Please contact a member of our Shareholder Services department at 1-800-494-2755 with any questions. Representatives are available Monday through Friday, 8:00am - 6:00pm EST.  You may also refer to the Fund's Prospectus and Applications below to assist in buying, exchanging and redeeming shares of each class of the Conestoga Mid Cap Fund. 

Conestoga Funds Distributions:  

  • At this time, we do not expect any capital gains distributions in the Conestoga Mid Cap Fund.


Ticker

CUSIP

Net Assets (9/30/22)

Inception

Minimum Initial Investment

Total Gross Operation Expenses

Total Net Operation Expenses*

Investor Class

CCMMX

207019803

$0.4 Mil

6/29/2021

$2,500

17.74%

1.05%

Institutional Class

CCMAX

207019886

$1.4 Mil

6/29/2021

$250,000

16.18%

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, 2023, 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 9/30/22*

Price/Earnings (1 Yr. Fwd. incl. Neg.)27.2x
Earnings Growth (3-5 Yr. Est.)12.3%
Weighted Avg. Market Cap.$18,506.6 Mil
ROE (5 Yr. Wtd. Avg.)22.6%
Long-Term Debt/Capital31.7%
Number of Holdings38

*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 9/30/22*

1.  Rollins Inc.4.57%
2.  Waste Connections Inc.4.43%
3.  Costar Group Inc.4.35%
4.  Copart Inc.4.22%
5.  Tyler Technologies Inc.4.02%
6.  Heico Corp.3.95%
7.  Gartner Inc. 3.89%
8.  Jack Henry & Associates Inc.3.86%
9.  Verisk Analytics Inc.3.76%
10. Pool Corp.3.68%

*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 9/30/22:

 


QTDYTD1 YearInception 6/29/2021
CCMMX-4.84%-33.71%-31.33%-24.06%
CCMAX-4.83%-33.58%-31.20%-23.89%
Russell Mid Cap Growth-0.65%-31.45%-29.50%-25.04%






* 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