Morningstar

Tributary Small/Mid Cap Fund Institutional Plus Class FSMBX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 17.75  /  +1.14 %
  • Total Assets 18.6M
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 0.56%
  • Turnover 35%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FSMBX

Will FSMBX outperform in the 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 FSMBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSMBX 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 FSMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Tributary Small/Mid Cap Instl Plus holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FSMBX

More FSMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Littelfuse Inc

3.00 469,473
Technology

CACI International Inc Class A

2.82 440,468
Technology

Stifel Financial Corp

2.62 408,908
Financial Services

Onto Innovation Inc

2.59 404,823
Technology

SouthState Bank Corp

2.58 404,141
Financial Services

Enpro Inc

2.52 394,565
Industrials

Idacorp Inc

2.51 393,230
Utilities

Icon PLC

2.37 371,228
Healthcare

Permian Resources Corp Class A

2.29 358,759
Energy

Lamar Advertising Co Class A

2.22 347,342
Real Estate

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