CMCMX Performance — Conestoga Discovery Fund, Investor Class
Data updated: 2026-08-28
CMCMX returned +13.38% year to date and +24.62% over one year to Jun 2026. The annualised 3-year return is +12.89%. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $144, against $156 for the category, and to $125 over one year, against $133. Volatility over the past three years was 22.94% a year. In the 12 months to Jun 2026 the fund lost a net $231K, and assets reached $5.70M.
CMCMX Growth of $100
What $100 invested in Conestoga Discovery Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | CMCMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $125 | $133 |
| 3 years (Jul 2023 – Jun 2026) | $144 | $156 |
| Since data start (Oct 2021 – Jun 2026) | $104 | $145 |
CMCMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.38% |
| 1 year | +24.62% |
| 3 years (annualised) | +12.89% |
CMCMX Annual Returns
Calendar-year total returns of Conestoga Discovery Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +13.38% |
| 2025 | +16.39% |
| 2024 | +13.03% |
| 2023 | −2.75% |
| 2022 | −28.40% |
| 2021 (Oct–Dec) | 0.00% |
CMCMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.3% | −2.7% | −6.2% | +6.9% | +4.4% | +9.8% | — | — | — | — | — | — |
| 2025 | +3.3% | −5.6% | −5.9% | +1.1% | +10.1% | +3.7% | −0.5% | +8.1% | +4.1% | −1.1% | −3.4% | +2.7% |
| 2024 | −4.8% | +6.1% | +3.5% | −5.4% | +1.0% | −4.1% | +11.1% | +1.5% | −4.5% | −1.1% | +15.6% | −4.1% |
| 2023 | +13.1% | −5.7% | −3.6% | −5.8% | +1.1% | +3.0% | +3.1% | −7.4% | −9.6% | −10.8% | +12.6% | +11.2% |
| 2022 | −12.5% | −0.3% | +1.0% | −15.6% | −4.4% | −1.7% | +10.7% | −2.3% | −8.1% | +10.5% | −3.6% | −3.3% |
| 2021 | — | — | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
CMCMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 22.94%
- 3-year Sharpe ratio: 0.37 (vs 4.5% risk-free rate)
- Best month: +15.56% (Nov 2024)
- Worst month: −10.76% (Oct 2023)
CMCMX Fund Flows
Monthly money in and out of Conestoga Discovery Fund, from SEC Form N-PORT.
- 12-month net flow: −$231K
- 12-month gross sales (incl. reinvestments): $719K
- Sales ÷ redemptions: 0.76×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2K | $147K | −$145K |
| May 2026 | $229 | $54K | −$54K |
| Apr 2026 | $331 | $117K | −$116K |
| Mar 2026 | $12K | $10K | $1K |
| Feb 2026 | $331 | $132K | −$132K |
| Jan 2026 | $24K | $65K | −$40K |
| Dec 2025 | $554K | $107K | $447K |
| Nov 2025 | $342 | $8K | −$8K |
| Oct 2025 | $282 | $131K | −$130K |
| Sep 2025 | $103K | $67K | $36K |
| Aug 2025 | $23K | $79K | −$57K |
| Jul 2025 | $225 | $33K | −$33K |
CMCMX Assets Under Management
Net assets of Conestoga Discovery Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.70M |
| 2026-03-31 | $4.93M |
| 2025-12-31 | $5.50M |
| 2025-09-30 | $5.33M |
| 2025-06-30 | $4.82M |
| 2025-03-31 | $4.15M |
| 2024-12-31 | $4.55M |
| 2024-09-30 | $4.30M |
| 2024-06-30 | $3.96M |
| 2024-03-31 | $4.58M |
| 2023-12-31 | $3.95M |
| 2023-09-30 | $2.00M |
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.