CCSMX Fees and Costs — Conestoga SMid Cap Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.10% (1.51% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $184K in broker commissions, 0.0267% of average net assets, and portfolio turnover was 11%.
CCSMX Fees and Expenses
Annual operating expenses and sales charges of CCSMX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.41% |
| 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 |
CCSMX Costs Over Time
On $10,000 invested in CCSMX, assuming 5% a year before costs, total costs come to $703 over 5 years, cutting the return by 1.18% 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) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $118 | $387 | $703 |
| Value after costs | $10,382 | $11,189 | $12,060 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
CCSMX 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): 0.0267%
- Total broker commissions: $184K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
CCSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $25K | 17.45% |
| LIQUIDNET, INC. | $23K | 15.77% |
| CITIGROUP GLOBAL MARKETS, INC | $20K | 13.61% |
| BOFA SECURITIES, INC. | $14K | 9.74% |
| RAYMOND JAMES & ASSOCIATES, INC. | $13K | 8.80% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $11K | 7.79% |
| ROBERT W BAIRD AND CO INCORPORATED | $11K | 7.69% |
| STIFEL, NICOLAUS & CO., INC. | $9K | 6.56% |
| Virtu Americas LLC | $9K | 6.36% |
| EVERCORE GROUP LLC | $9K | 6.23% |
CCSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. | $2.8M | 100.00% |
Conestoga SMid 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 |
|---|---|---|---|
| CCSGX | Institutional Class | 0.85% | — |
| CCSMX | 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.