Towpath Technology Fund (TOWTX)
The mutual fund primarily invests in U.S. equity securities with the option to hold shares of foreign companies. It focuses on technology-related companies, investing at least 80% of its assets in this sector, and may also invest in other investment companies.
Fund Info
Feb 2, 2021
$2,000
Large-Cap
Blend
Expense Ratio
TOWTX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Towpath Technology 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 Technology Fund had a return of 5.73% year-to-date (YTD) and 14.44% in the last 12 months.
TOWTX
5.73%
4.01%
6.72%
14.44%
N/A
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 TOWTX, 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 | 4.94% | 5.73% | |||||||||||
| 2024 | 0.47% | 1.79% | 1.30% | -3.84% | 2.58% | 2.59% | 2.08% | 1.97% | 2.22% | -2.94% | 1.01% | 0.22% | 9.60% |
| 2023 | 6.45% | -3.22% | 4.89% | -0.84% | 6.77% | 5.29% | 3.43% | -0.49% | -4.72% | -2.90% | 8.26% | 4.35% | 29.60% |
| 2022 | -3.45% | -2.09% | 1.51% | -5.79% | 3.26% | -6.86% | 6.78% | -6.26% | -8.81% | 7.43% | 4.94% | -6.59% | -16.43% |
| 2021 | 0.40% | 2.99% | 4.74% | 3.42% | 0.54% | 1.42% | 1.05% | 1.91% | -4.25% | 3.02% | -1.72% | 4.28% | 18.88% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TOWTX is 59, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Towpath Technology Fund provided a 0.56% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.04 | $0.00 | $0.02 |
Dividend yield | 0.56% | 0.59% | 0.28% | 0.00% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Towpath Technology 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 | $0.08 | $0.00 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.02 | $0.02 |
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 Technology 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 Technology Fund was 21.77%, occurring on Sep 26, 2022. Recovery took 198 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.77% | Jan 5, 2022 | 182 | Sep 26, 2022 | 198 | Jul 12, 2023 | 380 |
| -9.46% | Aug 2, 2023 | 62 | Oct 27, 2023 | 24 | Dec 1, 2023 | 86 |
| -6.34% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
| -4.79% | Mar 21, 2024 | 21 | Apr 19, 2024 | 45 | Jun 25, 2024 | 66 |
| -4.33% | Sep 7, 2021 | 18 | Sep 30, 2021 | 26 | Nov 5, 2021 | 44 |
Volatility
Volatility Chart
The current Towpath Technology Fund volatility is 2.81%, 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.