About CMCMX
The Conestoga Discovery Fund Investors Class is an actively managed mutual fund focused on achieving long-term capital growth. Primarily, the fund targets investments in micro-capitalization equities, seeking to allocate at least 80% of its net assets to this segment. Its strategy emphasizes identifying companies with sustainable earnings growth, high returns on equity, low debt levels, and strong management teams. Typically holding a concentrated portfolio of 25 to 40 stocks, the fund aims to balance attractive valuation with growth prospects while controlling risk relative to its benchmarks. The fund is sector-agnostic and may at times concentrate holdings in particular industries, allowing flexibility to align with prevailing market opportunities. With a focus on micro-cap growth, the Conestoga Discovery Fund Investors Class plays a specialized role in the financial markets by offering exposure to innovative, emerging companies that may be overlooked by broader, large-cap funds. Established in 2021, it is designed for investors seeking participation in the early-stage growth potential of the U.S. equity market through professional management and a disciplined investment approach.
Fund Family Conestoga Capital Advisors
Category Small Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CMCMX
Share Class Investors Class
Index Russell Microcap Growth TR
CMCMX had a total return of 18.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.59%.
