Conestoga SMid Cap Fund

The Portfolio Managers of the Conestoga SMid Cap Fund are Bob Mitchell and Derek Johnston. The Fund was launched in January of 2014 and focuses on companies between $500 million and $10 billion in market capitalization.

Investment Objective: The Fund seeks to provide long-term growth of capital.

To open an account or for operational questions, please call the Fund's Servicing Agent (Ultimus Fund Distributors, LLC) at: (800) 494-2755.

 

  Ticker CUSIP Net Assets (2/28/17) Inception Minimum Initial Investment Total Gross Operation Expenses Total Net Operation Expenses*

Investor Class

CCSMX

207019506

$2.2 Mil

1/21/2014

$2,500

2.10%

1.15%

Institutional Class

CCSGX

207019605

$17.3 Mil

12/15/2014

$250,000

1.90%

0.90%

* Conestoga Capital Advisors, LLC (the “Adviser”) has contractually agreed to limit the Fund’s ‘Total Annual Fund Operating Expenses’ to 1.15% (for the Investors Class) and 0.90% (for the Institutional Class) of the Fund’s average daily net assets until at least January 31, 2018, subject to termination at any time at the option of the Board of Trustees. 
(1) The Board of Trustees of the Trust will limit the Distribution (12b-1) Fees charged to Investors Class shares of the Fund to 0.05% of the average daily net assets attributable to Investors class shares until at least September 30, 2017.
(2) The Fund has adopted Shareholder Servicing Plans on behalf of the Investors Class and the Institutional Class that will allow the Fund to pay annual fees of up to 0.25% (for Investor Class) and 0.10% (for Institutional Class) of its average daily net assets for providing services to the Fund’s Investors Class shareholders and the Fund’s Institutional Class shareholders, respectively.

 

Characteristics as of 2/28/17*                                                                              Top Ten Holdings as of 2/28/17*

Price/Earnings (1 Yr. Fwd. incl. Neg.) 29.3x   1.  Ansys Inc. 3.44%
Earnings Growth (3-5 Yr. Est.) 16.1%   2.  Copart Inc. 3.29%
PEG Ratio 1.82   3.  Heico Corp. A 3.13%
Weighted Avg. Market Cap. $4,986 Mil   4.  CoStar Group Inc. 3.11%
ROE (Last 5 Yr. Weighted Avg.) 16.3%   5.  Rollins Inc. 3.09%
Long-Term Debt/Capital 24%   6.  Omnicell Inc. 2.97%
Turnover Rate - Trailing 12 Mos. 18.4%   7.  Blackbaud Inc. 2.92%
Number of Holdings 48   8.  Align Technology Inc. 2.83%

 *Subject to change 

    9. Bright Horizon Family Solutions Inc. 2.82%
      10.Graco Inc. 2.79%


Performance as of 12/31/16*

  QTD YTD 1 Year 2 Years 3 Years 5 Years 7 Years Inception 1/21/2014 Inception 12/15/2014

CCSMX

1.91%

10.35%

10.35%

4.99%

N/A

N/A

N/A

0.44%

N/A

CCSGX

2.00%

10.64%

10.64%

5.24%

N/A

N/A

N/A

N/A

6.73%

Russell 2500 Growth

2.60%

9.73%

9.73%

4.65%

N/A

N/A

N/A

5.08%

7.08%

Russell 2500

6.12%

17.59%

17.59%

6.85%

N/A

N/A

N/A

6.77%

9.37%


Performance as of 2/28/17*

  QTD YTD 1 Year 2 Years 3 Years 5 Years 7 Years Inception 1/21/2014 Inception 12/15/2014

CCSMX

5.03%

5.03%

28.97%

6.39%

2.67%

N/A

N/A

2.02%

N/A

CCSGX

5.00%

5.00%

29.07%

6.63%

N/A

N/A

N/A

N/A

8.60%

Russell 2500 Growth

5.47%

5.47%

28.05%

4.54%

6.20%

N/A

N/A

6.63%

9.15%

Russell 2500

3.83%

3.83%

31.75%

6.87%

7.33%

N/A

N/A

7.70%

10.52%

* Performance returns are annualized after 1 year.  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 Small 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.conestogacapital.com or call 1-800-320-7790.

 

Investors Share Class (CCSMX) Information

Institutional Share Class (CCSGX) Information

SMid Cap Fund Prospectus & Shareholder Reports

Additional Information


IMPORTANT DISCLOSURE INFORMATION:

An investor should consider investment objectives, risks, charges, and expenses carefully before investing.  Download a prospectus, which contains this information or call toll free 1-800-494-2755.  Read the prospectus carefully before investing or sending money.

Mutual Fund Investing involves risk, principal loss is possible.  Investment in the Fund is subject to investment risks, including, without limitation, equity risk, market risk, management risk, small company risk, mid cap stock risk, foreign investment risk, currency risk, large redemption risk. Funds that invest in small and mid cap stocks are often more volatile than large cap stocks.  Smaller companies generally face higher risks due to their limited product lines, markets and financial resources.  For more information about the Fund, including the Fund's objectives, charges, expenses and risks (including more information about the risks listed above), please read the prospectus.

Ultimus Fund Distributors, LLC. (Member FINRA & SIPC) serves as the Distributor to the Conestoga Funds.