TOWTX Performance — Towpath Technology Fund
Data updated: 2026-07-30
TOWTX returned +11.17% year to date and +22.84% over one year to May 2026. Annualised returns are +20.02% over 3 years and +11.59% over 5 years. The fund trailed its Technology Equity category average: $100 invested three years ago grew to $173, against $260 for the category, and to $123 over one year, against $158. Volatility over the past three years was 12.30% a year. In the 12 months to May 2026 the fund took in a net $453K, and assets reached $9.39M.
TOWTX Growth of $100
What $100 invested in Towpath Technology Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Technology Equity category average over the same months.
| Period | TOWTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $123 | $158 |
| 3 years (Mar 2023 – May 2026) | $173 | $260 |
| 5 years (Mar 2021 – May 2026) | $173 | $210 |
| Since data start (Dec 2020 – May 2026) | $179 | $232 |
TOWTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.17% |
| 1 year | +22.84% |
| 3 years (annualised) | +20.02% |
| 5 years (annualised) | +11.59% |
TOWTX Annual Returns
Calendar-year total returns of Towpath Technology Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.17% |
| 2025 | +9.55% |
| 2024 | +12.87% |
| 2023 (Jan–Dec) | +29.56% |
| 2022 | −15.94% |
| 2021 | +19.52% |
| 2020 (Dec–Dec) | 0.00% |
TOWTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | −4.6% | −2.9% | +10.3% | +8.9% | — | — | — | — | — | — | — |
| 2025 | +4.9% | −4.7% | −4.7% | +0.3% | +3.8% | +3.2% | −1.3% | +2.0% | +3.5% | +1.5% | −0.5% | +1.8% |
| 2024 | +0.5% | +1.8% | +1.3% | −3.8% | +2.6% | +2.6% | +2.1% | +2.0% | +2.2% | −2.9% | +4.0% | +0.2% |
| 2023 | +6.5% | −3.2% | +4.9% | −0.8% | +6.8% | +5.3% | +3.4% | −0.5% | — | — | — | +4.5% |
| 2022 | −3.5% | −2.1% | +1.5% | −5.8% | +3.3% | −6.9% | +6.8% | −6.3% | −8.8% | +7.4% | +4.9% | −6.1% |
| 2021 | +0.4% | +3.0% | +4.7% | +3.4% | +0.5% | +1.4% | +1.1% | +1.9% | −4.2% | +3.0% | −1.7% | +4.8% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | 0.0% |
TOWTX Risk
Risk measures from monthly returns over Mar 2023 – May 2026.
- 3-year volatility (annualised): 12.30%
- 3-year Sharpe ratio: 1.26 (vs 4.5% risk-free rate)
- Best month: +10.27% (Apr 2026)
- Worst month: −4.72% (Mar 2025)
TOWTX Fund Flows
Monthly money in and out of Towpath Technology Fund, from SEC Form N-PORT.
- 12-month net flow: $453K
- 12-month gross sales (incl. reinvestments): $817K
- Sales ÷ redemptions: 2.24×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $254K | $308 | $253K |
| Apr 2026 | $40K | $308 | $39K |
| Mar 2026 | $16K | $308 | $16K |
| Feb 2026 | $20K | $308 | $20K |
| Jan 2026 | $5K | $8K | −$3K |
| Dec 2025 | $150K | $130K | $21K |
| Nov 2025 | $3K | $3K | $704 |
| Oct 2025 | $13K | $196K | −$184K |
| Sep 2025 | $11K | $9K | $2K |
| Aug 2025 | $11K | $308 | $11K |
| Jul 2025 | $54K | $11K | $43K |
| Jun 2025 | $238K | $5K | $233K |
TOWTX Assets Under Management
Net assets of Towpath Technology Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $9.39M |
| 2026-02-28 | $7.76M |
| 2025-11-30 | $8.10M |
| 2025-08-31 | $7.92M |
| 2025-05-31 | $7.35M |
| 2025-02-28 | $5.94M |
| 2024-11-30 | $5.88M |
| 2024-08-31 | $5.68M |
| 2024-05-31 | $5.32M |
| 2024-02-29 | $5.12M |
| 2023-08-31 | $4.38M |
| 2023-05-31 | $3.97M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.