MutualFundWire.com: An $8.8B-AUM Boutique Adds a Fourth MF

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Thursday, January 6, 2022

An $8.8B-AUM Boutique Adds a Fourth MF

An $8.8-billion-AUM (as of December 31) asset manager's team is rolling out their fourth mutual fund.

Robert Michael "Bob" Mitchell
Conestoga Capital Advisors, LLC
Co-Founder, Managing Partner, Portfolio Manager, Research Analyst

Today, Bob Mitchell — co-founder, managing partner, and chief investment officer of Wayne, Pennsylvania-based Conestoga Capital Advisors, LLC [profile] — unveils the Conestoga Micro Cap Fund. The Conestoga team launched the new fund on December 17 by reorganizing the Conestoga Micro Cap Fund LP, a limited partnership vehicle that debuted back in 2018.

Like Conestoga's three existing mutual funds, the new fund comes in both Investors class shares (CMCMX) and Institutional class shares (CMIRX). After a fee waiver (which the Conestoga folks have committed to keep through January 31, 2023), the two share classes' expense ratios are 150 basis points and 125 bps, respectively.

Joe Monahan, managing partner and director of research, and Dave Neiderer, partner, PM the new fund. Mitchell serves as the fund's co-PM. Neiderer and Monahan have co-PMed Conestoga's micro cap growth portfolios since 2018.

"The Micro Cap Fund capitalizes on our research of the smallest capitalization companies in our investment universe," Neiderer states.

The new fund's other service providers include: BBD, LLP as independent accountant; Faegre Drinker Biddle and Reath LLP as counsel: Ultimus Fund Disttributors, LLC as distributor; Ultimus Fund Solutions, LLC as account servicing agent, dividend disbursing agent, shareholder service agent, and transfer; and UMB Bank, N.A. as custodian.

Printed from: MFWire.com/story.asp?s=63852

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