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Conestoga SMid Cap Fund

1/30The Portfolio Managers of the Conestoga SMid Cap Fund are Bob Mitchell and Derek Johnston and it was launched in January of 2014.

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 Small Cap Fund. 

Conestoga Funds Distributions:  

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

 TickerCUSIPNet Assets (11/30/21)InceptionMinimum Initial InvestmentTotal Gross Operation ExpensesTotal Net Operation Expenses*

Investor Class



$66.2 Mil





Institutional Class



$362.9 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 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, 2022, 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 11/30/21*

Price/Earnings (1 Yr. Fwd. incl. Neg.)38.5x
Earnings Growth (3-5 Yr. Est.)17.9%
PEG Ratio2.15
Weighted Avg. Market Cap.$10,392.5 Mil
ROE (Last 5 Yr. Weighted Avg.)18.4%
Long-Term Debt/Capital27.6%
Turnover Rate - Trailing 12 Mos.17.8%
Number of Holdings51

*subject to change

Top Ten Holdings as of 11/30/21*

1.  Casella Waste Systems Inc. 4.23%
2.  Omnicell Inc.3.90%
3.  Pool Corp.
4.  Exponent Inc.3.46%
5.  Repligen Corp.3.20%
6.  Trex Co. Inc.2.91%
7.  FirstService Corp.2.71%
8.  Descartes Systems Group Inc.2.66%
9.  West Pharmaceutical Services Inc.2.65%
10.Bio-Techne Corp.2.47%

Performance as of 9/30/21*


QTDYTD1 Year3 Years5 Years7 YearsInception 1/21/2014Inception 12/15/2014
Russell 2500 Growth-3.53%4.84%31.98%16.01%18.21%14.93%13.25%15.02%
Russell 2500-2.68%13.83%45.03%12.47%14.25%12.19%10.96%12.33%

Performance as of 11/30/21*


QTDYTD1 Year3 Years5 Years7 YearsInception 1/21/2014Inception 12/15/2014
Russell 2500 Growth-0.29%4.53%13.53%20.20%17.75%13.91%12.91%14.59%
Russell 25000.53%14.43%23.14%16.03%13.46%11.44%10.78%12.10%

* 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 or call 1-800-494-2755.


Investors Share Class (CCSMX) Information

SMid Cap Fund Prospectus & Shareholder Reports

Institutional Share Class (CCSGX) Information

Additional Information