Conestoga Capital Advisors, LLC

Conestoga Capital Advisors, LLC (CCA) was established in 2001 and is primarily owned by Robert M. Mitchell, Duane R. D’Orazio, Mark Clewett, and Joe Monahan. CCA offers investment management services on a discretionary or non-discretionary basis to various clients, managing over $8 billion on a discretionary basis for approximately 242 clients and over $677 million on a non-discretionary basis for 5 clients as of December 31, 2024. The firm's investment process is based on fundamental analysis and aims to identify companies with the potential for significant appreciation over a three-to-five-year period. CCA charges management fees based on a percentage of assets under management, collected quarterly in advance, with rates varying based on the type of portfolio. The firm does not charge performance fees and does not intend to in the immediate future. CCA may receive soft dollar research services from broker-dealers, and clients' assets are held in custody by qualified custodians. CCA has the authority to vote proxies on behalf of clients and has a policy to vote in the best interest of clients to maximize shareholder value. The firm does not require prepayment of fees in advance and has not filed for bankruptcy.