About CMIRX
Conestoga Discovery Fund Institutional Class is a mutual fund focused on delivering long-term capital growth by investing primarily in micro-capitalization companies. Managed by Conestoga Capital Advisors, the fund adheres to a disciplined approach, allocating at least 80% of its net assets to equity securities, which may include common stocks, preferred stocks, convertible securities, rights, warrants, and ADRs. The strategy emphasizes companies with sustainable earnings growth, high returns on equity, low debt, and effective management teams. With a typically concentrated portfolio of 25–40 holdings, the fund maintains a selective process, often leading to significant sector exposures based on the investment team's convictions. Conestoga Discovery Fund Institutional Class is positioned within the small growth category, aiming to outperform micro-cap benchmarks while potentially offering lower risk relative to its peers. Its targeted exposure to innovative, emerging companies makes it a relevant vehicle for institutions seeking differentiated access to the micro-cap segment of the equity market.
Fund Family Conestoga Capital Advisors
Category Small Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CMIRX
Share Class Institutional Class
Index Russell Microcap Growth TR
CMIRX had a total return of 5.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.73%.
