FSMBX – Tributary Small/Mid Cap Instl Plus Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. Under normal market conditions, the Advisor intends to invest at least 80% of its assets in common stocks and securities that can be converted into common stocks, such as convertible bonds, convertible preferred stocks, options, and rights of companies with small- or mid-market capitalizations. The advisor defines small- and mid-market capitalization companies as companies with market capitalizations of up to $30 billion.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FSMBX	Tributary Small/Mid Cap Fund Institutional Plus Class	Institutional	Open			Aug 1, 2019	$18.11M	0.900%	Average	$5M	−$14.27M
FSMCX	Tributary Small/Mid Cap Fund Institutional Class	Institutional	Open			Aug 2, 2019	$472,558.00	0.910%	Average	$1,000	−$3,593.40

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