Tributary Small/Mid Cap Fund Institutional Plus Class (FSMBX)
| Fund Assets | 39.82M |
| Expense Ratio | 0.90% |
| Min. Investment | $5,000,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.02 |
| Dividend Yield | 0.14% |
| Dividend Growth | -45.97% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 16.59 |
| YTD Return | -2.53% |
| 1-Year Return | 3.82% |
| 5-Year Return | 93.61% |
| 52-Week Low | 13.78 |
| 52-Week High | 18.45 |
| Beta (5Y) | n/a |
| Holdings | 55 |
| Inception Date | Aug 1, 2019 |
About FSMBX
The Tributary Small/Mid Cap Fund Institutional Plus Class is a U.S. mutual fund that targets long-term capital appreciation through investments in small- and mid-capitalization companies. Its primary objective is to deliver above-average performance while managing for below-average risk, leveraging a rigorous, research-driven, bottom-up approach to stock selection. The fund focuses on quality businesses trading at discounts to fair value, building a diversified portfolio mostly comprised of U.S.-listed equities with market capitalizations no larger than the maximum in the Russell 2500 Index, though holdings can extend up to $30 billion in market cap. Designed for institutional investors, the Institutional Plus Class requires a substantial minimum investment and features a competitive net expense ratio. With a portfolio of around 56 holdings, the fund actively manages exposures across sectors, emphasizing companies with robust business models and attractive valuations. Since its inception, the fund has positioned itself as a specialized vehicle for accessing the growth potential and relative inefficiencies present in the small- and mid-cap segments of the equity market.
Performance
FSMBX had a total return of 3.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.04%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FSMCX | Institutional Class | 0.94% |
Top 10 Holdings
26.79% of assets| Name | Symbol | Weight |
|---|---|---|
| Burlington Stores, Inc. | BURL | 3.08% |
| Stifel Financial Corp. | SF | 2.98% |
| Ollie's Bargain Outlet Holdings, Inc. | OLLI | 2.94% |
| Casey's General Stores, Inc. | CASY | 2.74% |
| Markel Group Inc. | MKL | 2.73% |
| IDACORP, Inc. | IDA | 2.63% |
| ExlService Holdings, Inc. | EXLS | 2.62% |
| Tetra Tech, Inc. | TTEK | 2.38% |
| CACI International Inc | CACI | 2.34% |
| Carlisle Companies Incorporated | CSL | 2.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.02327 | Dec 13, 2024 |
| Dec 14, 2023 | $0.04307 | Dec 15, 2023 |
| Dec 15, 2022 | $0.24644 | Dec 16, 2022 |
| Dec 10, 2020 | $0.02855 | Dec 11, 2020 |
| Dec 12, 2019 | $0.02354 | Dec 13, 2019 |