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FOCUS FUND DATA

TOWPATH FOCUS FUND  |  FUND DATA

Basic data about Towpath Focus Fund


Ticker Symbol: TOWFX

CUSIP: 55375E407

Gross Expense Ratio: 1.40%

Net Expense Ratio: 1.10%^

Sales Load: None

Other Fees: None

Inception Date: December 31, 2019

Fund Adviser: Oelschlager Investments, LLC

Fund Portfolio Manager: Mark Oelschlager, CFA

Minimum Investment: $2,000 | $1,000 for account with automatic investment plan

Share Class: Institutional

 

Fund Statistics as of most recent quarter end: 9/30/20

Number of holdings: 39

Net Assets: $11.5 million

Turnover Ratio: 27%*
*Turnover is for period January 1 to September 30, 2020 and is not annualized.  Portfolio turnover is a measure of how frequently assets within a fund are bought and sold by the manager.

Top 10 Holdings as of 9/30/20

6.1%

3.9%

3.8%

3.6%

3.5%

3.4%

3.4%

3.2%

3.2%

3.2%

Alphabet

Bank New York Mellon

Prestige Consumer Healthcare

GlaxoSmithKline

Amgen

Intel

Charles Schwab

Ebay

Amdocs

Herman Miller

Holdings subject to change

Sector Weightings as of 9/30/20

26.4%

19.9%

14.8%

11.2%

8.6%

6.5%

4.6%

Health Care

Financials

Consumer Discretionary

Information Technology

Communication Services

Energy

Industrials

Sectors subject to change

Total Return as of 9/30/20

Towpath Focus Fund (TOWFX)

Russell 3000® Total Return Index**

S&P 500® Index ***

Q3 2020

-0.52%

9.21%

8.47%

Since 12/31/19

Inception*

-4.50%

2.60%

4.09%

The Fund has been in existence for less than one year; cumulative performance may not be indicative of the Fund's long-term potential. The Fund returns will fluctuate over long and short-term periods. Past performance does not guarantee future results.  The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. To obtain performance current to the most recent month-end, please call 877-593-8637. Periods greater than one year are annualized. 

 

^The Adviser has contractually agreed to reduce its fees and to reimburse expenses, at least through 07/31/2021, to ensure that total annual Fund operating expenses after fee waiver and reimbursement will not exceed 1.10% of the Fund’s average daily net assets. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund within three years of the date on which the waiver or reimbursement occurs, if such recoupment can be achieved within the lesser of the foregoing expense limits or the expense limits in place at the time of recoupment. This agreement may be terminated only by the Fund's Board of Trustees, on 60 days written notice to the Fund's Adviser.


*Since Inception Returns are non-annualized because the Fund has been open for less than 12 months.

**The Russell 3000 Index is a market-capitalization weighted index measuring the performance of the 3,000 largest U.S. companies based on total market capitalization. You cannot invest directly in an index. Unlike mutual funds, an index does not incur expenses. If expenses were deducted, the actual returns of an index would be lower. 

***The S&P 500® Index is a widely recognized unmanaged index of equity securities and is representative of a broader domestic equity market and range of securities than is found in the Fund’s portfolio.  Individuals cannot invest directly in the Index.

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Note to Financial Advisors: Please contact your custodian/broker dealer to request that TOWFX and TOWTX be added to your broker dealer’s platform.  Advisor demand is necessary for Towpath Focus Fund and Towpath Technology Fund to be considered for your platform. Please contact us with any questions.

 

IMPORTANT INFORMATION:

There can be no guarantee that any strategy (risk management or otherwise) will be successful.  All investing involves risk, including potential loss of principal. “Prior Fund” does not represent the performance of Towpath Focus Fund.

Equity Risk: Equity security values held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of the securities participate or other factors relating to the companies.  

 

Limited History of Operations: The Fund is a new mutual fund and has a limited history of operations for investors to evaluate. 

Management Risk: The Fund is an actively managed portfolio. The Adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that the Fund will achieve its investment objective. The Adviser may select investments that do not perform as anticipated by the Adviser. The Fund could lose value or its investment results could lag relevant benchmarks or other funds with similar objectives.

An investor should carefully consider Towpath Focus Fund's (TOWFX) investment objectives, risks, charges and expenses before investing. This and other important information about Towpath Focus Fund can be found by downloading the Fund’s prospectus and summary prospectus. To obtain a hard copy of the prospectus, please call Shareholder Services at  877-593-8637. Please read the prospectus carefully before investing.

An investor should carefully consider Towpath Technology Fund'
s (TOWTX) investment objectives, risks, charges and expenses before investing. This and other important information about Towpath Technology Fund can be found by downloading the Fund’s prospectus and summary prospectus. To obtain a hard copy of the prospectus, please call Shareholder Services at  877-593-8637. Please read the prospectus carefully before investing. 

Towpath Focus Fund (TOWFX) and Towpath Technology Fund (TOWTX) are distributed by Foreside Financial Services, LLC.

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