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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Conestoga Mid Cap Fund

CCMMX | Fund

$9.58

$2.73 M

0.00%

17.54%

Vitals

YTD Return

5.2%

1 yr return

20.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.73 M

Holdings in Top 10

43.0%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 17.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Conestoga Mid Cap Fund

CCMMX | Fund

$9.58

$2.73 M

0.00%

17.54%

CCMMX - Profile

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Conestoga Mid Cap Fund
  • Fund Family Name
    Conestoga Funds
  • Inception Date
    Jun 29, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Derek Johnston

Fund Description

Under normal market circumstances, the Fund invests at least 80% of its net assets in equity securities of mid-market capitalization companies. Equity securities include American depositary receipts (“ADRs”), convertible securities, foreign and domestic common and preferred stocks, rights and warrants. While there is no limit on investing in foreign securities, the Fund does not expect investment in foreign securities to exceed 20% of the Fund’s total assets. The Adviser considers mid-market capitalization companies to be those companies that, at the time of initial purchase (including the existing portfolio), have market capitalizations within the range of companies included in the Russell Midcap® Index. The Fund will not change this policy unless it notifies shareholders at least 60 days in advance. This policy does not require the Fund to sell the security of a mid cap company if such company’s market capitalization moves outside the range of the market capitalization in the Russell Midcap® Index. For purposes of this policy, “net assets” includes any borrowings for investment purposes. As of December 31, 2023, the capitalization range of the Russell Midcap® Index was from $270 million to $73.2 billion. The Adviser follows an investment style which seeks to identify higher quality companies growing through multiple business cycles. The Adviser generally invests the Fund’s assets in mid-cap companies with expected earnings growth that exceed that of the average of all U.S. publicly traded companies, where valuations seem reasonable compared to the expected earnings growth, where fundamental financial characteristics appear to be strong, where (in the Adviser’s opinion) the business model offers sustainable competitive advantage, and where management has an important ownership stake in the company. Companies will meet the Adviser’s criteria and, according to the Adviser’s analysis, must, in the Adviser’s opinion, have the potential to appreciate at least 100% over a five-to-six-year period. The Adviser uses a bottom-up approach in selecting securities. Bottom-up investing focuses on the analysis of individual company fundamentals while placing less significance on macroeconomic factors. The Fund may invest in securities of any market sector and may, from time to time, hold a significant amount of securities of companies within a single sector. Sectors are defined by the Russell Industry Classification Benchmark (“ICB”) Industry Classifications. The Fund currently anticipates that it will have significant exposure to the Industrials, Consumer Discretionary, Technology and Healthcare sectors. There is no guarantee that the Fund will achieve its investment objective.

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CCMMX - Performance

Return Ranking - Trailing

Period CCMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -5.1% 27.8% 90.93%
1 Yr 20.4% -6.1% 60.7% 87.07%
3 Yr N/A* -24.0% 86.1% N/A
5 Yr N/A* -2.9% 100.8% N/A
10 Yr N/A* 0.4% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period CCMMX Return Category Return Low Category Return High Rank in Category (%)
2023 22.4% -27.7% 68.0% 30.42%
2022 -30.3% -85.6% 350.1% 46.89%
2021 N/A -77.0% 238.3% N/A
2020 N/A -44.1% 2474.5% N/A
2019 N/A -50.2% 44.0% N/A

Total Return Ranking - Trailing

Period CCMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -5.1% 27.8% 90.93%
1 Yr 20.4% -6.1% 60.7% 87.07%
3 Yr N/A* -24.0% 86.1% N/A
5 Yr N/A* -2.9% 100.8% N/A
10 Yr N/A* 0.4% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period CCMMX Return Category Return Low Category Return High Rank in Category (%)
2023 22.4% -26.1% 68.0% 37.34%
2022 -30.3% -67.0% 440.7% 62.27%
2021 N/A -23.5% 342.2% N/A
2020 N/A 2.6% 2549.1% N/A
2019 N/A 14.6% 44.8% N/A

NAV & Total Return History


CCMMX - Holdings

Concentration Analysis

CCMMX Category Low Category High CCMMX % Rank
Net Assets 2.73 M 1.94 M 84.5 B 99.64%
Number of Holdings 35 25 3644 91.83%
Net Assets in Top 10 1.17 M 319 K 8.39 B 99.46%
Weighting of Top 10 42.97% 0.4% 99.9% 15.97%

Top 10 Holdings

  1. Copart, Inc. 5.64%
  2. Rollins, Inc. 4.82%
  3. Verisk Analytics, Inc. 4.42%
  4. Waste Connections, Inc. 4.19%
  5. IDEXX Laboratories, Inc. 4.17%
  6. CoStar Group, Inc. 4.13%
  7. HEICO Corporation Class A 3.94%
  8. Roper Technologies, Inc. 3.90%
  9. Gartner, Inc. 3.89%
  10. Pool Corporation 3.87%

Asset Allocation

Weighting Return Low Return High CCMMX % Rank
Stocks
97.16% 0.92% 101.49% 72.60%
Cash
2.84% 0.00% 99.08% 29.04%
Preferred Stocks
0.00% 0.00% 5.46% 15.06%
Other
0.00% -0.18% 16.96% 33.39%
Convertible Bonds
0.00% 0.00% 0.40% 3.09%
Bonds
0.00% -3.27% 1.87% 8.89%

Stock Sector Breakdown

Weighting Return Low Return High CCMMX % Rank
Technology
27.47% 0.04% 62.17% 69.15%
Healthcare
22.67% 0.00% 37.06% 16.15%
Industrials
22.60% 0.00% 38.23% 5.63%
Consumer Cyclical
21.17% 0.00% 57.41% 3.81%
Real Estate
3.59% 0.00% 19.28% 27.95%
Financial Services
2.51% 0.00% 43.01% 89.11%
Utilities
0.00% 0.00% 12.94% 27.77%
Energy
0.00% 0.00% 62.10% 62.43%
Communication Services
0.00% 0.00% 18.33% 87.48%
Consumer Defense
0.00% 0.00% 16.40% 82.21%
Basic Materials
0.00% 0.00% 17.25% 75.86%

Stock Geographic Breakdown

Weighting Return Low Return High CCMMX % Rank
US
97.16% 0.64% 101.49% 59.53%
Non US
0.00% 0.00% 34.81% 27.22%

CCMMX - Expenses

Operational Fees

CCMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 17.54% 0.02% 17.54% 0.18%
Management Fee 0.80% 0.00% 1.50% 72.36%
12b-1 Fee 0.25% 0.00% 1.00% 29.64%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

CCMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CCMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CCMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 250.31% 0.89%

CCMMX - Distributions

Dividend Yield Analysis

CCMMX Category Low Category High CCMMX % Rank
Dividend Yield 0.00% 0.00% 32.46% 20.33%

Dividend Distribution Analysis

CCMMX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually SemiAnnual Annual

Net Income Ratio Analysis

CCMMX Category Low Category High CCMMX % Rank
Net Income Ratio -0.73% -2.24% 2.75% 60.04%

Capital Gain Distribution Analysis

CCMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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CCMMX - Fund Manager Analysis

Managers

Derek Johnston


Start Date

Tenure

Tenure Rank

Mar 30, 2012

10.18

10.2%

Derek joined Conestoga Capital Advisors in May 2015 and became Co-Portfolio Manager for the firm’s SMid Cap Growth strategy on February 1, 2016. He also provides equity research across the Small- to Mid-Cap universe. His has over twenty years of experience in the financial investment industry. Prior to joining Conestoga, Derek worked as a Co-Portfolio Manager for Small and SMid Cap portfolios at 300 North Capital, LLC, located in Pasadena, CA (2007-2015). He also served as an Equity Research Analyst for Small Cap equities at Engemann Asset Management for two years, and as an Equity Research Associate at Banc of America Securities for three years. Earlier in his career, Derek worked at Thomson Financial, Caspian Securities, Inc., and Smith Barney, all based out of New York. Derek received a Bachelor of Science in 1995 from Boston College, and an M.B.A. from University of Southern California’s Marshall School of Business. He has been a CFA Institute Charterholder since 2003.

Ted Chang


Start Date

Tenure

Tenure Rank

Mar 30, 2012

10.18

10.2%

Mr. Chang joined Conestoga in July 2020 as a Portfolio Manager for the firm’s Mid Cap Growth strategy. He also serves as a Research Analyst, researching and qualifying investment ideas for Conestoga’s Small, SMid and Mid Cap Growth Products. Prior to joining Conestoga, Mr. Chang is portfolio manager for Thornburg Investment Management. He joined the firm in 2014 as an associate portfolio manager and was promoted to portfolio manager in 2019. Prior to joining Thornburg, Ted served as a research analyst at 300 North Capital in Pasadena, where he covered domestic industrials and materials stocks. Before joining 300 North Capital, Ted held positions with Zurich Financial Services and QuinStreet. Ted holds an MBA from the University of Southern California and graduated from the University of California, Los Angeles with a BA in political science.

Robert Mitchell


Start Date

Tenure

Tenure Rank

Mar 30, 2012

10.18

10.2%

Bob is a Co-Founder and Managing Partner of Conestoga Capital Advisors, and Co-Portfolio Manager for the Small and SMid Cap strategies. Bob serves as Chief Investment Officer of the firm, overseeing all aspects of the portfolio management and investment processes. Prior to Conestoga, Bob was a Portfolio Manager/Analyst and Director of Equity Research at Martindale Andres & Company. Bob's portfolio management and research expertise was focused on small capitalization companies. While at Martindale Andres & Co., he was responsible for $100 Million in individual and institutional small cap accounts. Before his employment at Martindale Andres, Bob worked with the U.S. Department of Justice Antitrust Division where he analyzed the economic and financial aspects of various industries for evidence of antitrust violations. Bob received his M.B.A. from Indiana University's Kelley School of Business in 1995; in 1991, he received a B.A. from the University of Notre Dame.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.23 2.25