WAYNE, PA — Conestoga Capital Advisors, LLC has expanded its offering of mutual funds with the launch of the Conestoga Mid Cap Fund on June 29, 2021. The Mid Cap Fund seeks long-term capital appreciation by investing in the equity securities of companies with mid-market capitalizations.
Robert Mitchell, Co-Founder/Managing Partner and Chief Investment Officer, stated, “We are excited to add the Conestoga Mid Cap Fund to our family of Conestoga Funds. Many of the holdings of the Mid Cap Fund are former positions in our Small Cap Fund and SMid Cap Fund, and we believe the stocks offer continued long-term potential for our shareholders.”
The Mid Cap Fund is managed by Derek Johnston and Ted Chang. Mr. Johnston joined Conestoga in 2015 and has co-managed both the Conestoga SMid Cap Fund and Conestoga’s Mid Cap Growth separate accounts strategy since 2016. Mr. Chang joined Conestoga in June of 2020 and has co-managed Conestoga’s Mid Cap Growth separate accounts strategy since the beginning of 2021.
“We believe the Conestoga Mid Cap Fund provides shareholders with a diverse portfolio of mid-capitalization companies with long-term growth potential,” added Derek Johnston, Partner and Portfolio Manager. “Through our proprietary, bottom-up research efforts, we are identifying market-leading companies that we believe will consistently grow their revenues and earnings, and ultimately become large-capitalization companies.”
The family of Conestoga Funds includes the Conestoga Small Cap Fund, launched in 2002, and the Conestoga SMid Cap Fund, launched in 2014. The Conestoga Small Cap Fund invests in small capitalization growth stocks and has been in a soft close since 2018. Net assets of the Conestoga Small Cap Fund were over $4 billion as of June 30, 2021. The Conestoga SMid Cap Fund invests in small and mid-capitalization stocks and has net assets of over $300 million. As with the Small Cap Fund and SMid Cap Fund, the Mid Cap Fund is offered with both an Investor Class and an Institutional Class.
Conestoga has managed Mid Cap Growth equities since 2010 in a separate account strategy, employing a similar investment approach as the firm’s Small, SMid and Micro Cap Growth strategies. “The launch of the Conestoga Mid Cap Fund allows us to offer this strategy to those investors who prefer a mutual fund vehicle,” said Mark Clewett, Managing Partner and President. “We have grown our assets under management through the support of registered investment advisors and institutional investors, and we believe the Mid Cap Fund augments our service to these clients.”
Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.