Mutual Fund Observer:

"The Best Fund You've Never Heard Of"
April 5, 2026  |  by David Snowball, Publisher and Co-Founder of Mutual Fund Observer

 

We’re pleased to share a recent feature from Mutual Fund Observer highlighting funds that have demonstrated resilience and strong downside protection in challenging markets.

 

In the April 2026 article, “Capture Champions: Seven Funds That Earned Their Keep,” David Snowball identifies a select group of strategies that have historically captured less of the market’s losses while still participating meaningfully in gains. Towpath Focus Fund was included as one of these "capture champions" and recognized as one of investors’ “most faithful financial servants.”

Excerpts:

• "One characteristic of such managers is that they compensated you more-than-fairly for the risk they asked you to bear."

• "The performance record suggests Towpath qualifies as ‘the best fund you’ve never heard of'.”

• "The fund remains tiny at its sixth anniversary with essentially no marketing effort. Mark frames it as a trade-off: every minute spent on investor roadshows is a minute not spent protecting investors."

• "The fund has outperformed its Morningstar large-value peer group every year since launch and beaten both the S&P 500 and Russell 3000 since inception, with lower volatility."
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