CCASX Fees and Costs — Conestoga Small Cap Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.10% (1.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.8M in broker commissions, 0.0455% of average net assets, and portfolio turnover was 17%.
CCASX Fees and Expenses
Annual operating expenses and sales charges of CCASX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.36% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CCASX Costs Over Time
On $10,000 invested in CCASX, assuming 5% a year before costs, total costs come to $714 over 5 years, cutting the return by 1.20% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $393 | $714 |
| Value after costs | $10,380 | $11,183 | $12,048 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
CCASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0455%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
CCASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $327K | 25.47% |
| BOFA SECURITIES, INC. | $163K | 12.66% |
| RAYMOND JAMES & ASSOCIATES, INC. | $147K | 11.45% |
| BLOOMBERG TRADEBOOK LLC | $142K | 11.07% |
| CITIGROUP GLOBAL MARKETS, INC | $102K | 7.95% |
| VIRTU AMERICAS LLC | $95K | 7.41% |
| WILLIAM BLAIR & COMPANY LLC | $89K | 6.92% |
| INSTINET LLC | $85K | 6.65% |
| Needham & Co. LLC | $68K | 5.32% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $65K | 5.10% |
CCASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. | $2.8M | 100.00% |
Conestoga Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CCALX | Institutional Class | 0.90% | — |
| CCASX | Investor Class | 1.10% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.