About TOWFX
Towpath Focus Fund is an open-end mutual fund designed for long-term capital appreciation through a concentrated, all-cap equity strategy. Managed by Oelschlager Investments under the experienced leadership of Mark Oelschlager, CFA, the fund primarily invests in U.S. equity securities but may include a modest allocation to international stocks and cash holdings. The portfolio typically consists of 25-40 carefully selected companies, regardless of their size or sector, reflecting a high-conviction approach that emphasizes holding investments for several years.
Distinguished by low turnover and a multi-layered investment process, the fund combines macroeconomic assessments with detailed, bottom-up analysis focusing on company fundamentals, competitive advantages, and valuation. Its holdings span diverse industries, including healthcare, financials, energy, and consumer sectors, and are often concentrated in the fund’s top positions.
The Towpath Focus Fund stands out for its disciplined risk management and willingness to invest in quality businesses that may be temporarily out of favor. It seeks to deliver higher growth while maintaining prudent volatility, aiming to provide investors with strong risk-adjusted performance over the long term.
Fund Family Oelschlager Investments
Category Large Value
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol TOWFX
Share Class Institutional Share Class
Index S&P 500 TR
TOWFX had a total return of 20.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.43%.
