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<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Conestoga Small Cap Fund seeks to provide long-term growth of
capital.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Institutional Advisors LargeCap Fund seeks to provide long-term
growth of capital.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Conestoga SMid Cap Fund seeks to provide long-term growth of
capital.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses that you may pay if you
buy and hold shares of the Conestoga Small Cap Fund</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses that you may pay if you
buy and hold shares of the Institutional Advisors LargeCap Fund.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses that you may pay if you
buy and hold shares of the Conestoga SMid Cap Fund.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each
year as a percentage of the value of your investment)</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each
year as a percentage of the value of your investments)</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each
year as a percentage of the value of your investment)</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Example is intended to help you compare the cost of investing
in the Conestoga Small Cap Fund with the cost of investing in other mutual funds.  The Example assumes that you invest
$10,000 in the Fund for the time periods indicated (the Example for one year reflects the contractual expense limitation described
above; the amounts for the other years reflect the Fund’s gross expenses) and then redeem all of your shares at the end of
those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating
expenses remain the same. Although your actual costs may be higher or lower, under these assumptions, your costs would be:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This example is intended to help you compare the cost of investing
in the Institutional Advisors LargeCap Fund with the cost of investing in other mutual funds. The Example assumes that you invest
$10,000 in the Fund for the time periods indicated (the Example for one year reflects the contractual expense limitation described
above; the amounts for the other years reflect the Fund’s gross expenses).  The Example also assumes that your
investment has a 5% return each year and that the Fund’s operating expenses remain the same.  Although your actual
costs may be higher or lower, under these assumptions, your costs would be:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Example is intended to help you compare the cost of investing
in the Conestoga SMid Cap Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in
the Fund for the time periods indicated (the Example for one year reflects the contractual expense limitation described above;
the amounts for the other years reflect the Fund’s gross expenses) and then redeem all of your shares at the end of those
periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain
the same. Although your actual costs may be higher or lower, under these assumptions, your costs would be:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Portfolio Turnover</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Portfolio Turnover</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Portfolio Turnover</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Fund pays transaction costs, such as commissions, when it buys
and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and
may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual
fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year (ended
September 30, 2015) the Fund’s portfolio turnover rate was 11.66% of the average value of its portfolio.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Fund pays transaction costs, such as commissions, when it buys
and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs
and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund
operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s
portfolio turnover rate was 25.27% of the average portfolio value.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Fund pays transaction costs, such as commissions, when it buys
and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs
and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund
operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period (ended September
30, 2015), the Fund’s portfolio turnover rate was 12.63% of the average value of its portfolio.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Investment Strategies</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Investment Strategies</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Investment Strategies</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Under normal market circumstances, the Fund invests at least 80%
of its net assets in equity securities of small-cap companies. Equity securities include American depositary receipts (“ADRs”),
convertible securities, foreign and domestic common and preferred stocks, rights and warrants. While there is no limit on investing
in foreign securities, the Fund doesn’t expect investments in foreign securities to exceed 20% of the Fund’s total
assets. Through March 31, 2016, the Fund will consider “Small-cap companies” to be companies that, at the time of purchase,
have market capitalizations of up to $2.5 billion. Effective April 1, 2016, the Fund will consider “Small-cap companies”
to be companies that have market capitalizations of up to $3 billion. The Fund will not change this policy unless it notifies shareholders
at least 60 days in advance. For purposes of this policy, “net assets” includes any borrowings for investment purposes.
The Adviser follows an investment style sometimes called “GARP” or “Growth At a Reasonable Price.” The
Adviser generally invests the Fund’s assets in small-cap companies with expected earnings growth that exceed that of the
average of all U.S. publicly traded companies, where valuations seem reasonable compared to the expected earnings growth, where
fundamental financial characteristics appear to be strong, where (in the Adviser’s opinion) the business model offers sustainable
competitive advantage, and where management has an important ownership stake in the company. The Adviser uses a bottom-up approach
in selecting securities. There is no guarantee that the Fund will achieve its objective.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Under normal market conditions, the Fund invests at least 80% of
its net assets in the equity securities of large-capitalization companies (generally, companies in the $5 billion and more capitalization
range of the Standard & Poor’s 500 Index (“S&P 500 Index”)). The Fund will not change this policy unless
it notifies shareholders at least 60 days in advance. Equity securities include convertible securities and domestic common stocks,
among other things.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Adviser’s style can best be described as a long-term, disciplined
investment approach aimed at providing clients with strong returns, but which is absent of leverage, aggressive or untested techniques,
and market timing. The Adviser focuses on providing superior investment performance along with reduced volatility, offering disciplined
proprietary investment strategies, while maintaining broad sector and portfolio diversification.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Under normal market circumstances, the Fund invests at least 80%
of its net assets in equity securities of small-to-mid (“smid”) capitalization companies. Equity securities include
American depositary receipts (“ADRs”), convertible securities, foreign and domestic common and preferred stocks, rights
and warrants. While there is no limit on investing in foreign securities, the Fund does not expect investment in foreign securities
to exceed 20% of the Fund’s total assets. “Small and Mid-cap companies” are companies that, at the time of initial
purchase, have market capitalizations between $250 million and $12 billion. The Fund will not change this policy unless it notifies
shareholders at least 60 days in advance. For purposes of this policy, “net assets” includes any borrowings for investment
purposes. The Adviser follows an investment style sometimes called “GARP” or “Growth At a Reasonable Price.”
The Adviser generally invests the Fund’s assets in Small and Mid-cap companies with expected earnings growth that exceed
that of the average of all U.S. publicly traded companies, where valuations seem reasonable compared to the expected earnings growth,
where fundamental financial characteristics appear to be strong, where (in the Adviser’s opinion) the business model offers
sustainable competitive advantage, and where management has an important ownership stake in the company. The Adviser uses a bottom-up
approach in selecting securities.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Risks</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Risks</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Principal Risks</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">You may lose money by investing in the Fund. The Fund is subject
to the following principal risks, more fully described in “Risks Factors” in this prospectus. The Fund’s net
asset value and total return may be adversely affected for a number of reasons, including, without limitation, if any of the following
occurs:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The market values of securities acquired by
the Fund decline;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The Adviser does not execute the Fund’s
principal investment strategies effectively;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- A security’s price fluctuates in response
to events affecting the issuer’s profitability or viability;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- Smaller, less seasoned companies lose market
share or profits to a greater extent than larger, established companies in times of deteriorating economic conditions;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- A company’s earnings do not increase
as expected;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Foreign securities markets may be more volatile and subject to less
governmental supervision than their counterparts in the U.S. Foreign securities are subject to fluctuations in currency exchange
rates.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">By itself, the Fund does not constitute a complete investment plan
and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">You may lose money by investing in the Fund. The Fund is subject
to the following principal risks, more fully described in the section of this prospectus entitled “Risk Factors”. The
Fund’s net asset value and total returns may be adversely affected if any of the following occurs:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The market values of securities acquired by
the Fund decline.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- Large capitalization securities underperform
other segments of the equity market or equity markets as a whole.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The Adviser does not execute the Fund’s
principal investment strategies effectively.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- Security prices fluctuate in response to events
affecting an issuer’s profitability or viability.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- There is no assurance that large companies
can withstand serious deterioration during periods of severe economic distress.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">An investment in the Fund is not a deposit of National Penn Bank
or any of its affiliates and is not insured or guaranteed by the FDIC or any other government agency.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">By itself, the Fund does not constitute a complete investment plan
and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">You may lose money by investing in the Fund and there is no guarantee
that the Fund will achieve its objective. The Fund is subject to the following principal risks, more fully described in “Risk
Factors” in this prospectus. The Fund’s net asset value and total return may be adversely affected for a number of
reasons, including, without limitation, if any of the following occurs:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The market values of securities acquired by
the Fund decline;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- The Adviser does not execute the Fund’s
principal investment strategies effectively;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- A security’s price fluctuates in response
to events affecting the issuer’s profitability or viability;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- A company’s earnings do not increase
as expected;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">- Small and Mid capitalization companies the
Fund invests in may be more vulnerable to adverse business or economic events than larger, more established companies;</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Foreign securities markets may be more volatile and subject to less
governmental supervision than their counterparts in the U.S. Foreign securities are subject to fluctuations in currency exchange
rates.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">By itself, the Fund does not constitute a complete investment plan
and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Performance</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Performance</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Performance</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following information provides some indication of the risks of
investing in the Fund by showing changes in the performance of Investors Class shares of the Fund from year to year and by showing
how the Fund’s average annual returns for one, five and ten year periods compare with those of broad measures of market performance.
Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Updated performance information is available on the Fund’s website: www.conestogacapital.com/mutual_funds.htm.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The returns below represent the returns for Investors Class shares
of the Small Cap Fund (formerly, “Shares”). Institutional Class shares and Investors Class shares of the Small Cap
Fund have returns that are substantially similar because they represent investments in the same portfolio securities and differ
only to the extent that they have different expenses.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following information provides some indication of the risks of
investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s
average annual returns for one year, five year, ten year, and since the Fund’s inception compare with those of broad measures
of market performance. Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will
perform in the future. Updated performance information is available on the Fund’s website: www.ialfx.com.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">On March 31, 2009, the National Penn ITC (“NPITC”) Equity
Fund, a collective investment fund, was converted to the Fund. The information below, for periods prior to March 31, 2009, includes
the past performance of the NPITC Equity Fund, a separate account managed by Institutional Advisors, a business unit of National
Penn Investors Trust Company, the predecessor investment entity to the Adviser in a fashion that is in all material respects equivalent
to the management of the Fund. The data below reflects NPITC Equity Fund’s performance information over a period before the
Fund’s registration statement became effective. The relevant account was not registered under the Investment Company Act
of 1940, as amended (the “1940 Act”) and therefore was not subject to certain investment restrictions that are imposed
by the 1940 Act; and if the relevant account was registered under the 1940 Act, its performance may have been adversely affected.
The prior performance has been restated to reflect the imposition of the total expenses of the Fund for its initial fiscal year
rather than the actual expenses of the NPITC Equity Fund.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following information provides some indication of the risks of
investing in the Fund by showing changes in the performance of Investors Class shares of the Fund from year to year and by showing
how the Fund’s average annual returns for one, five and ten year periods compare with those of broad measures of market performance.
Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Updated performance information is available on the Fund’s website: www.conestogacapital.com/mutual_funds.htm.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The returns below represent the returns for Investors Class shares
of the SMid Cap Fund (formerly, “Shares”). Institutional Class shares and Investors Class shares of the SMid Cap Fund
have returns that are substantially similar because they represent investments in the same portfolio securities and differ only
to the extent that they have different expenses.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">During the period shown in the chart, the Fund’s best performing quarter was for the three months ended
06/30/2009: 19.10%. During the same period, the Fund’s worst performing quarter was for the three months ended 12/31/2008:
-21.51%.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table compares the Fund’s average annual total returns
for Investors Class shares for the periods ended December 31, 2015 to those of the Russell 2000 Index and the Russell 2000 Growth
Index. Institutional Class shares and Investors Class shares of the Small Cap Fund have returns that are substantially similar
because they represent investments in the same portfolio securities and differ only to the extent that they have different expenses.
The after-tax returns are calculated using the historical highest individual federal marginal income tax rates. These after-tax
returns do not reflect the effect of any applicable state or local taxes. Your after-tax returns may differ from those shown. After-tax
returns are not relevant to shareholders investing through tax-deferred programs such as an IRA plan. Future results may be different
from those shown.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">During the period shown in the chart, the Fund’s best performing
quarter was for the three months ended December 31, 2013: 28.29%. During the same period, the Fund’s worst performing quarter
was for the three months ended December 31, 2008: (29.89)%.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In the following table, after-tax returns are calculated using the
historical highest individual federal marginal income tax rates. These after-tax returns do not reflect the effect of any applicable
state or local taxes. Your after-tax returns may differ from those shown. After-tax returns are not relevant to shareholders investing
through tax-deferred programs such as an IRA plan. Future results may be different from those shown.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">During the period shown in the chart, the Fund’s best performing
quarter was for the three months ended 12/31/2015: 5.88%. During the same period, the Fund’s worst performing quarter was
for the three months ended 09/30/2014: -7.62%.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table compares the Fund’s average annual total returns
for Investors Class shares for the periods ended December 31, 2015 to those of the Russell 2500 Index and the Russell 2500 Growth
Index. Institutional Class shares and Investors Class shares of the SMid Cap Fund have returns that are substantially similar because
they represent investments in the same portfolio securities and differ only to the extent that they have different expenses. The
after-tax returns are calculated using the historical highest individual federal marginal income tax rates. These after-tax returns
do not reflect the effect of any applicable state or local taxes. Your after-tax returns may differ from those shown. After-tax
returns are not relevant to shareholders investing through tax-deferred programs such as an IRA plan. Future results may be different
from those shown.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Average Annual Total Returns</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">as of 12/31/15</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Average Annual Total Returns</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">as of 12/31/2015:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Average Annual Total Returns</b></p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">as of 12/31/15</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In calculating the federal income taxes due on redemptions, capital
gains taxes resulting from redemptions are subtracted from the redemption proceeds and the tax benefits from capital losses resulting
from the redemptions are added to the redemption proceeds. Under certain circumstances, the addition of the tax benefits from capital
losses resulting from redemptions may cause the Returns After Taxes on Distributions and Sale of Fund Shares to be greater than
the Returns After Taxes on Distributions or even the Returns Before Taxes.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p>
0.1166
0.2527
0.1263
<p style="margin: 0">You may lose money by investing in the Fund.</p>
<p style="margin: 0">You may lose money by investing in the Fund.</p>
<p style="margin: 0">You may lose money by investing in the Fund.</p>
<p style="margin: 0">Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will
perform in the future.</p>
<p style="margin: 0">Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will
perform in the future.</p>
<p style="margin: 0">Past performance of the Fund (before and after taxes) is not necessarily an indication of how the Fund will
perform in the future.</p>
<p style="margin: 0">www.conestogacapital.com</p>
<p style="margin: 0">www.ialfx.com</p>
<p style="margin: 0">www.conestogacapital.com</p>
<p style="margin: 0">best performing quarter</p>
<p style="margin: 0">best performing quarter</p>
<p style="margin: 0">best performing quarter</p>
<p style="margin: 0">worst performing quarter</p>
<p style="margin: 0">worst performing quarter</p>
<p style="margin: 0">worst performing quarter</p>
2009-06-30
2013-12-31
2015-12-31
2008-12-31
2008-12-31
2014-09-30
0.1910
0.2829
0.0588
-0.2151
-0.2989
-0.0762
<p style="margin: 0">After-tax returns are not relevant to shareholders investing through tax-deferred programs such as an IRA
plan.</p>
<p style="margin: 0">After-tax returns are not relevant to shareholders investing through tax-deferred programs such as an IRA
plan.</p>
<p style="margin: 0">After-tax returns are not relevant to shareholders investing through tax-deferred programs such as an IRA
plan.</p>
<p style="margin: 0">The after-tax returns are calculated using the historical highest individual federal marginal income tax rates.</p>
<p style="margin: 0">The after-tax returns are calculated using the historical highest individual federal marginal income tax rates.</p>
<p style="margin: 0">The after-tax returns are calculated using the historical highest individual federal marginal income tax rates.</p>
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<p style="margin: 0"><b>Calendar Year Total Return</b></p>
<p style="margin: 0"><b>Calendar Year Total Return</b></p>
The Board of Trustees of the Trust will limit the Distribution (12b-1) Fees charged to Investors Class shares of the Fund to 0.05% of the average daily net assets attributable to Investors Class shares until at least September 30, 2016.
The Fund has adopted Shareholder Servicing Plans on behalf of the Investors Class and the Institutional Class that will allow the Fund to pay an annual fee of up to 0.25% (for Investors Class) and 0.10% (for Institutional Class) of its average daily net assets for providing services to the Fund's Investors Class shareholders and Institutional Class shareholders, respectively.
Conestoga Capital Advisors, LLC (the "Adviser") has contractually agreed to limit the Fund's 'Total Annual Fund Operating Expenses' (excluding taxes, extraordinary expenses, reorganization expenses, brokerage commissions, interest, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of such Fund's business) to 0.90% (for the Institutional Class) and 1.10% (for the Investors Class) of the Fund's average daily net assets until at least January 31, 2017, subject to termination at any time at the option of the Board of Trustees (the "Board"). If it becomes unnecessary for the Adviser to waive fees or make reimbursements, the Adviser may recapture any of its prior waivers or reimbursements for a period not to exceed two fiscal years after the fiscal year in which the waiver or reimbursement was made to the extent such a recapture does not cause the "Total Annual Fund Operating Expenses" to exceed the applicable expense limitation that was in effect at the time of the waiver or reimbursement.
Return before taxes. Returns after taxes on distributions and after taxes on distributions and sale of Fund shares are shown for Investors Class shares only and will differ for Institutional Class shares.
Conestoga Capital Advisors, LLC (the "Adviser") has contractually agreed to limit the Fund's 'Total Annual Fund Operating Expenses' (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of such Fund's business) to 1.35% (for the Investors Class) and 1.10% (for the Institutional Class) of the Fund's average daily net assets until at least January 31, 2017, subject to termination at any time at the option of the Board of Trustees. If it becomes unnecessary for the Adviser to waive fees or make reimbursements, the Adviser may recapture any of its prior waivers or reimbursements for a period not to exceed two fiscal years from the fiscal year in which the waiver or reimbursement was made to the extent such a recapture does not cause the "Total Annual Fund Operating Expenses" to exceed the applicable expense limitation that was in effect at the time of the waiver or reimbursement.
Institutional Advisors LLC (the "Adviser") has contractually agreed to limit the Fund's "Total Annual Fund Operating Expenses" (excluding Rule 12b-1 fees, shareholder servicing fees, interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of such Fund's business) to 1.20% of the Fund's average daily net assets until at least February 1, 2017, subject to termination at any time at the option of the Board of Trustees.