Tributary Small/Mid Cap Fund Institutional Plus Class (FSMBX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.63
+0.04 (0.24%)
Jul 10, 2025, 4:00 PM EDT
3.94%
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.

Fund Family Tributary Funds
Category Small Blend
Stock Exchange NASDAQ
Ticker Symbol FSMBX
Share Class Institutional Plus Class
Index Russell 2500 TR

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%
View More Holdings

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
Full Dividend History