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Conestoga SMid Cap Fund

The Portfolio Managers of the Conestoga SMid Cap Fund are Bob Mitchell and Derek Johnston, CFA 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:  

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

 TickerCUSIPNet Assets (9/30/22)InceptionMinimum Initial InvestmentTotal Gross Operation ExpensesTotal Net Operation Expenses*

Investor Class

CCSMX

207019506

$44.2 Mil

1/21/2014

$2,500

1.56%

1.10%

Institutional Class

CCSGX

207019605

$273.0 Mil

12/15/2014

$250,000

1.10%

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, 2023, 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 9/30/22*

Price/Earnings (1 Yr. Fwd. incl. Neg.)27.0x
Earnings Growth (3-5 Yr. Est.)14.6%
PEG Ratio1.85
Weighted Avg. Market Cap.$7,126.1 Mil
ROE (5 Yr. Wtd. Avg.)16.2%
Long-Term Debt/Capital27.1%
Turnover Rate - Trailing 12 Mos.14.7%
Number of Holdings50

*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 represents the average of sell-side analyst forecasts.


Top Ten Holdings as of 9/30/22*

1.  Casella Waste Systems Inc. 4.63%
2.  Exponent Inc.3.60%
3.  FirstService Corp.
3.51%
4.  Repligen Inc.3.39%
5.  Rollins Inc.3.24%
6.  Jack Henry & Associates Inc.3.15%
7.  Omnicell Inc.2.98%
8.  Descartes Systems Group Inc.2.90%
9.  Pool Corp.2.82%
10.RBC Bearings Inc.

2.75%

*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 9/30/22*

 

QTDYTD1 Year3 Years5 Years7 YearsInception 1/21/2014Inception 12/15/2014
CCSMX-4.40%-32.64%-31.46%1.67%7.29%11.06%7.04%N/A
CCSGX-4.32%-32.48%-31.27%1.94%7.56%
11.34%N/A9.76%
Russell 2500 Growth-0.12%-29.54%-29.39%4.76%6.30%8.84%7.25%8.04%

* 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 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.

 

Investors Share Class (CCSMX) Information

SMid Cap Fund Prospectus & Shareholder Reports


Institutional Share Class (CCSGX) Information


Additional Information