Morningstar

Conestoga Small Cap Institutional Class CCALX

Morningstar Medalist Rating
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Medalist Rating as of See Conestoga Investment Hub
  • NAV / 1-Day Return $65.42  /  +0.62 %
  • Fund Size $1.2B
  • Adjusted Expense Ratio 0.900%
  • Net Expense Ratio 0.900%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Small Growth
  • Equity Style Box (Funds) Small Growth
  • Minimum Initial Investment $250,000
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 17%
NAV and 1-Day Return as of

Morningstar’s Analysis CCALX

Will CCALX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CCALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CCALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CCALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Poor recent results don't indicate bigger problems here.

Principal Tony Thomas

Tony Thomas

Principal

Summary

Conestoga Small Cap has looked historically bad recently, but the strategy's key components—its people and process—are in good shape. For the first time since 2018, it's fully open to new investors, and there's a fair contrarian case to be made for it.

by Tony Thomas
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Portfolio Holdings CCALX

More CCALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 39.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Balchem Corp

4.57 72M
Basic Materials

Digi International Inc

4.51 71M
Technology

Casella Waste Systems Inc Class A

4.45 70M
Industrials

Merit Medical Systems Inc

4.45 70M
Healthcare

Repligen Corp

3.98 62M
Healthcare

Stevanato Group SpA

3.82 60M
Healthcare

RBC Bearings Inc

3.64 57M
Industrials

FirstService Corp Ordinary Shares

3.45 54M
Real Estate

Novanta Inc

3.41 54M
Technology

The Descartes Systems Group Inc

3.35 53M
Technology

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