CMIRX Performance — Conestoga Discovery Fund, Institutional Class
Data updated: 2026-08-28
CMIRX returned +13.58% year to date and +25.01% over one year to Jun 2026. The annualised 3-year return is +13.16%. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $145, against $156 for the category, and to $125 over one year, against $133. Volatility over the past three years was 22.98% a year. In the 12 months to Jun 2026 the fund lost a net $231K, and assets reached $5.70M.
CMIRX 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 | CMIRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $125 | $133 |
| 3 years (Jul 2023 – Jun 2026) | $145 | $156 |
| Since data start (Oct 2021 – Jun 2026) | $105 | $145 |
CMIRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.58% |
| 1 year | +25.01% |
| 3 years (annualised) | +13.16% |
CMIRX 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) | +13.58% |
| 2025 | +16.64% |
| 2024 | +13.40% |
| 2023 | −2.61% |
| 2022 | −28.21% |
| 2021 (Oct–Dec) | 0.00% |
CMIRX 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% | −2.6% | −6.2% | +7.0% | +4.4% | +9.9% | — | — | — | — | — | — |
| 2025 | +3.2% | −5.5% | −6.0% | +1.2% | +10.2% | +3.6% | −0.5% | +8.1% | +4.0% | −0.9% | −3.5% | +2.8% |
| 2024 | −4.8% | +6.2% | +3.5% | −5.5% | +1.1% | −4.1% | +11.2% | +1.5% | −4.4% | −1.1% | +15.4% | −3.9% |
| 2023 | +13.2% | −5.8% | −3.6% | −5.7% | +1.3% | +2.9% | +3.1% | −7.4% | −9.5% | −10.9% | +12.7% | +11.1% |
| 2022 | −12.5% | −0.2% | +1.0% | −15.7% | −4.2% | −1.7% | +10.7% | −2.2% | −8.1% | +10.5% | −3.6% | −3.3% |
| 2021 | — | — | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
CMIRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 22.98%
- 3-year Sharpe ratio: 0.38 (vs 4.5% risk-free rate)
- Best month: +15.45% (Nov 2024)
- Worst month: −10.87% (Oct 2023)
CMIRX 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 |
CMIRX 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.