Tributary Small/Mid Cap Fund Institutional Class (FSMCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.42
+0.15 (0.92%)
Jul 8, 2025, 4:00 PM EDT
2.50%
Fund Assets 39.82M
Expense Ratio 0.94%
Min. Investment $1,000
Turnover 25.00%
Dividend (ttm) n/a
Dividend Yield n/a
Dividend Growth n/a
Payout Frequency n/a
Ex-Dividend Date n/a
Previous Close 16.27
YTD Return -3.53%
1-Year Return 2.50%
5-Year Return 89.00%
52-Week Low 13.78
52-Week High 18.44
Beta (5Y) 0.94
Holdings 55
Inception Date Aug 2, 2019

About FSMCX

The Tributary Small/Mid Cap Fund Institutional is an actively managed mutual fund designed to provide investors with long-term, above-average performance while aiming to maintain below-average risk. This fund primarily invests in small- and mid-capitalization companies, focusing on U.S.-listed stocks that fall within the size constraints of the Russell 2500 Index. By employing a fundamental, bottom-up, research-driven approach, the fund seeks out businesses with robust models and attractive valuations, prioritizing ownership of quality firms trading at a discount to their estimated fair value. The investment universe includes companies across diversified sectors, excluding firms with market capitalizations above $30 billion or those with insufficient trading liquidity. Established in 2019, the fund is categorized within the Small Blend Morningstar Category and typically appeals to institutional investors looking to diversify into smaller market segments that may offer inefficiencies for active managers to exploit. The fund’s disciplined strategy and experienced management team underpin its role as a strategic holding for those seeking exposure to the growth potential of the U.S. small and mid-cap universe.

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

Performance

FSMCX had a total return of 2.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.99%.

Other Share Classes

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

Symbol Share Class Expense Ratio
FSMBX Institutional Plus Class 0.90%

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