Tributary Small/Mid Cap Fund Institutional Class (FSMCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.16
+0.07 (0.44%)
Jul 16, 2025, 4:00 PM EDT
-3.29%
Fund Assets39.82M
Expense Ratio0.94%
Min. Investment$1,000
Turnover25.00%
Dividend (ttm)n/a
Dividend Yieldn/a
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close16.09
YTD Return-3.41%
1-Year Return-1.62%
5-Year Return87.20%
52-Week Low13.78
52-Week High18.44
Beta (5Y)0.94
Holdings55
Inception DateAug 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 -1.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.98%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FSMBXInstitutional Plus Class0.90%

Top 10 Holdings

26.79% of assets
NameSymbolWeight
Burlington Stores, Inc.BURL3.08%
Stifel Financial Corp.SF2.98%
Ollie's Bargain Outlet Holdings, Inc.OLLI2.94%
Casey's General Stores, Inc.CASY2.74%
Markel Group Inc.MKL2.73%
IDACORP, Inc.IDA2.63%
ExlService Holdings, Inc.EXLS2.62%
Tetra Tech, Inc.TTEK2.38%
CACI International IncCACI2.34%
Carlisle Companies IncorporatedCSL2.34%
View More Holdings