Tributary Small/Mid Cap Fund Institutional Class (FSMCX)
| 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.
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% |