Tributary Small/Mid Cap Instl Plus (FSMBX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

18.65

+0.05 (0.27%)

At close: Aug 26, 2026

10.29% (1Y)

Fund Assets	16.03M
Expense Ratio	0.90%
Min. Investment	$5,000,000
Turnover	35.00%
Dividend (ttm)	0.10
Dividend Yield	0.52%
Dividend Growth	318.87%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	18.60
YTD Return	16.56%
1-Year Return	10.95%
5-Year Return	32.15%
52-Week Low	15.44
52-Week High	19.15
Beta (5Y)	n/a
Holdings	59
Inception Date	n/a

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

Performance Rating Below Average

Risk Rating Low

Stock Exchange NASDAQ

Ticker Symbol FSMBX

Share Class Institutional Plus Class

Performance

FSMBX had a total return of 10.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.28%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FSMCX	Institutional Class	0.91%

Top 10 Holdings

27.29% of assets

Name	Symbol	Weight
iShares Russell 2000 ETF	IWM	3.69%
Littelfuse, Inc.	LFUS	3.31%
Burlington Stores, Inc.	BURL	3.01%
Stifel Financial Corp.	SF	2.62%
Enpro Inc.	NPO	2.61%
IDACORP, Inc.	IDA	2.57%
SouthState Bank Corporation	SSB	2.52%
Onto Innovation Inc.	ONTO	2.44%
Lamar Advertising Company	LAMR	2.32%
CACI International Inc	CACI	2.19%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 11, 2025	$0.09747	Dec 12, 2025
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