Conestoga SMid Cap Fund Added to Charles Schwab's Mutual Fund OneSource Select List™

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Mar 19, 2019, 09:00 ET

WAYNE, Pa., March 19, 2019 /PRNewswire/ -- Conestoga Capital Advisors, LLC is pleased to announce that the Conestoga SMid Cap Fund (ticker CCSMX) has been added to Charles Schwab's ("Schwab") Mutual Fund OneSource Select List™ in the first quarter of 2019. The Mutual Fund OneSource Select List is comprised of no-load and no-transaction fee mutual funds that have passed rigorous screening for performance, risk and expenses by Charles Schwab Investment Advisory, Inc. Launched in 2014, the Conestoga SMid Cap Fund celebrated its five-year history on January 21, 2019.

"We are excited to have been chosen for the OneSource Select List and look forward to the opportunity to work with Schwab's Individual and Advisory clients," said Derek Johnston, Partner and Portfolio Manager of the Conestoga SMid Cap Fund.

The SMid Cap Fund is managed by the same five-person investment team that oversees Conestoga's Small Cap Fund. The Conestoga SMid Cap Fund seeks to provide long-term growth of capital through a portfolio invested in small- and mid- capitalization companies. The investment team searches for profitable companies which they believe have sustainable earnings growth rates, strong financial characteristics, and insider ownership. Co-Portfolio Managers Robert Mitchell and Derek Johnston employ a very similar investment approach as the Small Cap Fund, but across a wider market capitalization range. The Conestoga Small Cap and SMid Cap Funds have approximately 50% overlap in portfolio holdings.

"We believe the SMid Cap Fund offers a similar opportunity for long-term capital appreciation and downside protection as our Small Cap Fund," said Conestoga Co-Founder/Managing Partner and Portfolio Manager, Bob Mitchell. "In addition, we are able to hold some of our companies as they grow into the mid-capitalization range, seeking to extend their growth and success."

"The Conestoga Small Cap Fund was included on the OneSource Select List in 2016 and it was a very good experience for our firm," said Mark Clewett, Managing Partner and President. "Schwab's selection of the Conestoga SMid Cap Fund for the Select List is an important milestone for the Conestoga Funds."

About Conestoga Capital Advisors, LLC
Headquartered in Wayne, PA, Conestoga Capital Advisors, an independent investment advisory firm, manages over $4.2 billion in Small and SMid Cap growth company portfolios for both institutional and individual investors as of February 28, 2019. Since its founding in 2001, Conestoga has offered investment management services focused on high quality, conservative growth companies. The firm strives for capital appreciation through their consistently applied investment discipline, fundamental research and a patient, long-term approach.

This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Please consider the investment objectives, risks and charges and expenses of the Funds discussed in the prospectus carefully before investing. This and other information can be found in the prospectus and summary prospectus. A free prospectus or summary prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in these Funds, can be obtained by calling 1-800-494-2755 or writing to the Fund at Conestoga Funds, 550 E. Swedesford Road, Wayne, PA 19087. Read the prospectus or summary prospectus carefully before investing.

Both the Conestoga Small Cap Fund and the Conestoga SMid Cap Fund invest primarily in growth stocks with the potential for significant growth and may be more volatile because they are more sensitive to market conditions. The Funds may seek to buy these stocks at undervalued prices and this involves the risk that the securities may remain undervalued for an extended period of time and may not realize their full potential. Investments in smaller cap securities may involve greater risks due to higher volatility and less liquidity than larger more established companies.

Ultimus Fund Distributors, LLC. (Member FINRA & SIPC) serves as the Distributor to the Conestoga Funds.

SOURCE Conestoga Capital Advisors, LLC