CONESTOGA SMALL CAP FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, CONESTOGA SMALL CAP FUND held 44 positions with $2.04B in net assets. Its ten largest holdings made up 43.2% of the fund. The CCASX share class costs 1.1% a year. Over the 12 months to May 2026, CCASX lost 3.2%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 6.
The Fund seeks to provide long-term growth of capital.
The fund invests at least 80% of assets in small-cap equities with market capitalizations in the Russell 2000 Growth Index range, selected through a bottom-up screen for companies with above-average earnings growth, reasonable valuations relative to that growth, strong financial characteristics, sustainable competitive advantages, and significant management ownership; the adviser targets companies with potential to appreciate at least 100% over three to five years. Foreign securities may comprise up to 20% of assets. Because the fund's returns depend on the adviser's security selections and the appreciation potential of chosen companies, performance will diverge from any index benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
5.03% | $102.76M | 1.1M | $96.97 | |
4.83% | $98.65M | 1.3M | $74.95 | |
4.75% | $96.96M | 277.0K | $350.04 | |
NOVTNOVANTA INC | 4.58% | $93.50M | 576.3K | $162.24 |
4.54% | $92.77M | 144.0K | $644.06 | |
BCPCBALCHEM CORP | 4.21% | $85.99M | 508.9K | $168.95 |
4.10% | $83.73M | 684.5K | $122.33 | |
4.08% | $83.39M | 869.0K | $95.96 | |
FSVFIRSTSERVICE CORP | 3.77% | $76.92M | 541.3K | $142.11 |
3.37% | $68.73M | 578.7K | $118.77 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 44 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.73% |
By sector
- Industrials
- 51.5%
- Information Technology
- 14.6%
- Health Care
- 14.2%
- International
- 9.7%
- 4 other sectors
- 10.1%
- Industrials
- 51.5%
- Information Technology
- 14.6%
- Health Care
- 14.2%
- International
- 9.7%
- Materials
- 4.8%
- Energy
- 2.4%
- Consumer Discretionary
- 2.0%
- Consumer Staples
- 0.8%
How it has done
CCASX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.66%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.10% | -3.15% | +9.01% | -3.45% | -22.15% | |
| 0.90% | -2.95% | +9.67% | -2.48% | -21.95% |
These classes hold the same portfolio, so the 0.96pp spread over 5 years is the cost difference between them — roughly 0.19pp a year — not a difference in what they own.
Fees & fund details
CONESTOGA SMALL CAP FUND is an actively managed U.S. equity fund. 30% of CCASX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.90% – 1.10%· CCASX 1.10%
- Portfolio turnover
- 17.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
5 new
6 exited
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