Towpath Focus Fund (TOWFX)
The investment seeks long-term capital appreciation. The advisor seeks to achieve the fund's investment objective by investing primarily in U.S. equity securities but may also hold shares of foreign companies either directly or through American Depository Receipts ("ADRs"). Companies in which the fund invests may be of any capitalization size. Under normal circumstances, it will invest at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in equity securities. It is non-diversified.
Fund Info
US55375E4070
Dec 31, 2019
$2,000
Large-Cap
Value
Expense Ratio
TOWFX has a high expense ratio of 1.11%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Towpath Focus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Towpath Focus Fund had a return of 7.27% year-to-date (YTD) and 18.83% in the last 12 months.
TOWFX
7.27%
4.02%
10.23%
18.83%
14.50%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TOWFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | 5.67% | 7.27% | |||||||||||
2024 | 1.00% | 2.04% | 4.07% | -1.99% | 2.91% | 0.59% | 1.96% | 1.03% | -0.89% | -0.77% | 5.45% | -2.61% | 13.22% |
2023 | 4.97% | -3.55% | -1.15% | -0.39% | -2.34% | 5.43% | 4.01% | -1.96% | -1.63% | -1.58% | 5.75% | 4.84% | 12.33% |
2022 | -0.89% | -0.38% | 0.98% | -4.26% | 3.28% | -7.11% | 3.75% | -3.30% | -6.74% | 10.01% | 7.36% | -3.21% | -2.06% |
2021 | 2.41% | 7.32% | 4.30% | 3.81% | 2.62% | -0.29% | -0.59% | 1.84% | -3.26% | 3.81% | -3.17% | 5.53% | 26.52% |
2020 | -2.80% | -6.48% | -10.56% | 14.02% | 3.24% | 0.31% | -0.10% | 3.23% | -3.54% | 1.86% | 15.35% | 3.89% | 16.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, TOWFX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Towpath Focus Fund (TOWFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Towpath Focus Fund provided a 1.26% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 3 consecutive years.
Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|---|
Dividend | $0.21 | $0.21 | $0.20 | $0.13 | $0.08 | $0.18 |
Dividend yield | 1.26% | 1.35% | 1.44% | 1.02% | 0.61% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Towpath Focus Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | $0.00 | $0.00 | $0.00 | ||||||||||
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.21 |
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
2020 | $0.09 | $0.00 | $0.09 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Towpath Focus Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Towpath Focus Fund was 31.10%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-31.1% | Jan 21, 2020 | 44 | Mar 23, 2020 | 52 | Jun 5, 2020 | 96 |
-16.44% | Jan 18, 2022 | 178 | Sep 30, 2022 | 83 | Jan 31, 2023 | 261 |
-9.87% | Jun 9, 2020 | 75 | Sep 23, 2020 | 31 | Nov 5, 2020 | 106 |
-8.94% | Feb 8, 2023 | 23 | Mar 13, 2023 | 89 | Jul 20, 2023 | 112 |
-6.74% | Aug 8, 2023 | 58 | Oct 27, 2023 | 24 | Dec 1, 2023 | 82 |
Volatility
Volatility Chart
The current Towpath Focus Fund volatility is 2.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.