Conestoga to launch Conestoga Mid Cap Fund March 30

By Toni Weeks

San Diego, March 27 - Conestoga Funds introduced its new fund, the Conestoga Mid Cap Fund, in an N-1A filing with the Securities and Exchange Commission.

The fund will launch on March 30 with investors class and institutional class shares, which will trade on the Nasdaq under the symbols "CCMGX" and "CCMIX," respectively.

The fund seeks to provide long-term growth of capital by investing, under normal market circumstances, at least 80% of its net assets in equity securities of mid-cap companies, including American Depositary Receipts, convertible securities, foreign and domestic common and preferred stocks, rights and warrants. The fund expects that investments in foreign securities will not exceed 20%.

William C. Martindale, Jr. and David M. Lawson are the lead portfolio managers. Robert M. Mitchell and Joseph F. Monahan are co-portfolio managers.

Management fees will be 0.85%. A fee waiver agreement with the adviser will limit the total annual fund operating expenses to 1.35% for investors class shares and 1.1% for institutional class shares. The agreement expires March 30, 2013.

Radnor, Pa.-based Conestoga Capital Advisors, LLC will act as the investment adviser.

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