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Conestoga Mid Cap Fund

The lead portfolio managers of the Conestoga Mid Cap Fund are Derek Johnston and Ted Chang, 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:  

  • It is estimated that the Conestoga Mid Cap Fund (Investors Class (CCMMX) and Institutional Class (CCMAX)) will not be paying a capital gains distribution in 2021.   



Net Assets (12/31/21)


Minimum Initial Investment

Total Gross Operation Expenses

Total Net Operation Expenses*

Investor Class



$0.6 Mil





Institutional Class



$1.2 Mil





* 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 June 30, 2022, 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 12/31/21*

Price/Earnings (1 Yr. Fwd. incl. Neg.)40.9x
Earnings Growth (3-5 Yr. Est.)17.4%
PEG Ratio2.35
Weighted Avg. Market Cap.$27,802.1 Mil
ROE (Last 5 Yr. Weighted Avg.)23.1%
Long-Term Debt/Capital29.1%
Number of Holdings37

*Subject to change.

Top Ten Holdings as of 12/31/21*

1.  Copart Inc. 5.02%
2.  West Pharmaceutical Services Inc.4.62%
3.  Pool Corp.4.10%
4.  Ansys Inc.4.03%
5.  Fortinet Inc.3.87%
6.  Verisk Analytics Inc.3.66%
7.  Bio-Techne Corp.3.58%
8.  Costar Group Inc.3.40%
9.  Idexx Labs Inc.3.31%
10.Waste Connections Inc.3.24%

*Current and future portfolio holdings are subject to risk.

Performance as of 12/31/2021:


QTDYTD1 YearInception 6/29/2021
Russell Mid Cap Growth2.85%N/AN/A1.61%

* 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 or call 1-800-494-2755. 

Investors Share Class (CCMMX) Information

Mid Cap Fund Prospectus & Shareholder Reports

Institutional Share Class (CCMAX) Information

Additional Information