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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: 1.74%

Net Expense Ratio: 1.11%^

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: 3/31/2021

Number of holdings: 42

Net Assets: $17.9 million

Turnover Ratio: 31.0%

Top 10 Holdings as of 3/31/2021

5.5%

3.9%

3.7%

3.2%

3.0%

3.0%

2.8%

2.8%

2.8%

2.7%

Alphabet

Bank New York Mellon

Charles Schwab

Prestige Consumer Healthcare

Herman Miller

AmerisourceBergen 

GlaxoSmithKline

Valero Energy Corp.

Amgen Inc.

Atlantic Union Bankshares

Current and future portfolio holdings subject to change.

Sector Weightings as of 3/31/2021

21.0%

20.4%

14.0%

8.5%

7.9%

7.5%

4.9%

1.0%

Health Care

Financials

Consumer Discretionary

Information Technology

Industrials

Communication Services

Energy

Materials

Sectors subject to change

Total Return as of 3/31/2021

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Towpath Focus Fund

Russell 3000® Total Return*

S&P 500®**

Lipper Multi-Cap Core Avg***

Q1 2021

14.63%

6.35%

5.77%

7.50%


Year to Date

14.63%

6.35%

5.77%

7.50%


Since 12/31/19 Inception

25.19%

22.33%

20.08%

19.20%


1-Year

62.82%

62.54%

60.81%

60.30%

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 03/31/2022, 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.

*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. You cannot invest directly in an index.

***The Lipper Multi-Cap Core Funds Average is an average of funds that invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Multi-cap core funds typically have an average price-to-earnings ratio, price-to-book ratio, and three year sales-per-share growth value, compared to the S&P SuperComposite 1500 Index. You cannot invest directly in an index.

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