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Morningstar

Tributary Balanced Instl Plus FOBPX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 17.03  /  0.00
  • Total Assets 71.6 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Allocation—50% to 70% Equity
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Status Open
  • TTM Yield 1.09%
  • Turnover 23%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 10:52 PM GMT+00:00

Morningstar’s Analysis FOBPX

Will FOBPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FOBPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FOBPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FOBPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Decreased confidence in Tributary Balanced Instl Plus's prospects relative to its Morningstar Category peers leads to a downgrade in this strategy's Morningstar Quantitative Rating to Silver from Gold. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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