FOCUS FUND DATA
TOWPATH FOCUS FUND | FUND DATA
Basic data about Towpath Focus Fund
Ticker Symbol: TOWFX
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
Bank New York Mellon
Prestige Consumer Healthcare
Holdings subject to change
Sector Weightings as of 9/30/20
Sectors subject to change
Total Return as of 9/30/20
Towpath Focus Fund (TOWFX)
Russell 3000® Total Return Index**
S&P 500® Index ***
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.