Conestoga SMid Cap Fund
The Portfolio Managers of the Conestoga SMid Cap Fund are Bob Mitchell and Derek Johnston, CFA. The Fund was launched in January of 2014.
Investment Objective: The Fund seeks to provide long-term growth of capital.
Conestoga Funds Distributions:
- There were no capital gains distributions in the Conestoga SMid Cap, Micro Cap, or Mid Cap Funds for 2023.
| Ticker | CUSIP | Net Assets (3/31/24) | Inception | Minimum Initial Investment | Total Gross Operation Expenses | Total Net Operation Expenses* | |
Investor Class | CCSMX | 207019506 | $45.5 Mil | 1/21/2014 | $2,500 | 1.58% | 1.10% |
Institutional Class | CCSGX | 207019605 | $437.0 Mil | 12/15/2014 | $250,000 | 1.08% | 0.85% |
* 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 1.10% (for the Investors Class) and 0.85% (for the Institutional Class) of the Fund’s average daily net assets until at least January 31, 2025, subject to termination at anytime 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 3/31/24*
*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. PEG Ratio represents the ratio of P/E over Earnings Growth rate, and is a widely used valuation metric. 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 Bloomberg; represents the average of sell-side analyst forecasts. Top Ten Holdings as of 3/31/24*
*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. Current and future holdings are subject to risk. Performance as of 3/31/24*
* 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 SMid 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 2500 Growth Index measures the performance of those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. Russell 2500 Index offers investors access to the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The Russell 2500 includes the smallest 2500 securities in the Russell 3000. An individual cannot invest directly in an index.
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