Tributary Growth Opps Instl Plus
Name
As of 04/29/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-41.1%
1 yr return
-17.5%
3 Yr Avg Return
6.9%
5 Yr Avg Return
10.1%
Net Assets
$92.6 M
Holdings in Top 10
26.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/29/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FOGPX - Profile
Distributions
- YTD Total Return -41.1%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 10.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameTributary Growth Opportunities Fund
-
Fund Family NameTributary Funds
-
Inception DateOct 14, 2011
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCharles Lauber
Fund Description
Under normal market conditions, the Fund 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. The Fund may also invest up to 35% of its assets in preferred stocks and warrants. The Fund may invest in securities issued by companies with large, medium, or small capitalization. The Fund may also invest up to 20% of its assets in foreign securities either directly or through the purchase of sponsored or unsponsored American Depositary Receipts (“ADRs”).
The Sub-Adviser seeks to implement a core growth approach to the portfolio that targets companies with above average growth characteristics and below average valuations. The focus is on investing in companies with sustainable above average growth in sales, earnings, and intrinsic value. The Sub-Adviser employs strategies to control risk and the Fund’s holdings are diversified across the major economic sectors and individual companies.
FOGPX - Performance
Return Ranking - Trailing
| Period | FOGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -41.1% | -49.0% | 27.3% | 97.82% |
| 1 Yr | -17.5% | -60.6% | 59.3% | 43.34% |
| 3 Yr | 6.9%* | -2.0% | 35.3% | 81.82% |
| 5 Yr | 10.1%* | 4.1% | 26.8% | 78.27% |
| 10 Yr | 10.6%* | 6.2% | 17.8% | 74.25% |
* Annualized
Return Ranking - Calendar
| Period | FOGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -8.3% | -80.9% | 21888.9% | 70.60% |
| 2022 | 11.0% | -69.7% | 2474.5% | 87.55% |
| 2021 | 25.6% | -100.0% | 44.0% | 48.15% |
| 2020 | -13.4% | -100.0% | 9.2% | 43.46% |
| 2019 | 4.0% | -33.3% | 84.9% | 90.82% |
Total Return Ranking - Trailing
| Period | FOGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -41.1% | -51.8% | 27.3% | 97.36% |
| 1 Yr | -17.5% | -62.4% | 77.0% | 43.01% |
| 3 Yr | 6.9%* | -5.6% | 35.3% | 79.15% |
| 5 Yr | 10.1%* | 4.1% | 26.8% | 76.81% |
| 10 Yr | 10.6%* | 6.2% | 17.8% | 71.71% |
* Annualized
Total Return Ranking - Calendar
| Period | FOGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -8.3% | -80.9% | 21888.9% | 70.60% |
| 2022 | 11.0% | -69.7% | 2474.5% | 87.55% |
| 2021 | 25.6% | -100.0% | 44.0% | 48.15% |
| 2020 | -3.5% | -100.0% | 19.9% | 17.12% |
| 2019 | 20.7% | -33.3% | 84.9% | 67.96% |
NAV & Total Return History
FOGPX - Holdings
Concentration Analysis
| FOGPX | Category Low | Category High | FOGPX % Rank | |
|---|---|---|---|---|
| Net Assets | 92.6 M | 832 K | 87.7 B | 81.32% |
| Number of Holdings | 89 | 19 | 3714 | 33.23% |
| Net Assets in Top 10 | 30.8 M | 2.5 K | 10.9 B | 76.48% |
| Weighting of Top 10 | 26.46% | 3.0% | 90.2% | 52.66% |
Top 10 Holdings
- iShares Core S&P Mid-Cap ETF 4.78%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
- Blackrock Liq Fund T-Fund 4.76%
Asset Allocation
| Weighting | Return Low | Return High | FOGPX % Rank | |
|---|---|---|---|---|
| Stocks | 97.00% | 17.42% | 100.73% | 71.32% |
| Cash | 3.00% | -0.52% | 26.30% | 26.40% |
| Preferred Stocks | 0.00% | 0.00% | 2.30% | 71.47% |
| Other | 0.00% | -3.14% | 30.89% | 71.32% |
| Convertible Bonds | 0.00% | 0.00% | 0.17% | 69.50% |
| Bonds | 0.00% | 0.00% | 51.23% | 70.56% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FOGPX % Rank | |
|---|---|---|---|---|
| Technology | 33.96% | 0.00% | 62.17% | 37.78% |
| Consumer Cyclical | 17.35% | 0.00% | 57.41% | 20.94% |
| Healthcare | 16.41% | 0.00% | 43.77% | 65.25% |
| Industrials | 16.25% | 0.00% | 40.70% | 32.93% |
| Financial Services | 5.47% | 0.00% | 43.01% | 65.25% |
| Real Estate | 3.23% | 0.00% | 22.45% | 33.54% |
| Communication Services | 2.99% | 0.00% | 20.27% | 54.17% |
| Consumer Defense | 1.97% | 0.00% | 11.95% | 52.05% |
| Energy | 1.79% | 0.00% | 61.72% | 46.13% |
| Basic Materials | 0.42% | 0.00% | 21.21% | 74.81% |
| Utilities | 0.16% | 0.00% | 10.52% | 23.22% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FOGPX % Rank | |
|---|---|---|---|---|
| US | 96.94% | 17.06% | 100.52% | 28.07% |
| Non US | 0.06% | 0.00% | 37.83% | 88.01% |
FOGPX - Expenses
Operational Fees
| FOGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.89% | 0.02% | 2.69% | 57.98% |
| Management Fee | 0.75% | 0.00% | 1.50% | 62.90% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.25% | 0.00% | 0.40% | 91.74% |
Sales Fees
| FOGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| FOGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FOGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 417.06% | 44.27% |
FOGPX - Distributions
Dividend Yield Analysis
| FOGPX | Category Low | Category High | FOGPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 43.91% | 73.25% |
Dividend Distribution Analysis
| FOGPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Semi-Annually | Monthly | Semi-Annually |
Net Income Ratio Analysis
| FOGPX | Category Low | Category High | FOGPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.31% | -2.24% | 2.75% | 25.79% |
Capital Gain Distribution Analysis
| FOGPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually |
FOGPX - Fund Manager Analysis
Managers
Charles Lauber
Start Date
Tenure
Tenure Rank
Oct 13, 2006
15.56
15.6%
Charles Lauber, CFA, Portfolio Manager. Chuck has been responsible for analyzing the technology, healthcare, and telecom sectors since joining First National in August 2006. Chuck has many years of investment experience, serving as an asset allocation portfolio manager from early 2005 to August 2006 at Koesten Hirschmann & Crabtree in Overland Park, KS, and previously working as an analyst and co-portfolio manager at Security Benefit Group in Topeka, KS. Chuck earned his Bachelor of Business Administration in Finance from East Texas State University in 1987 and his Master of Business Administration in Finance in 1993 from the McCombs School of Business at the University of Texas. In 1997, he earned his designation as a Chartered Financial Analyst from the CFA Institute. Chuck is a member of the CFA Institute, and the DFW Society of Financial Analysts.
Kurt Spieler
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.58
7.6%
Kurt Spieler, CFA, Senior Managing Director. Kurt joined First National in 2005 and has over 30 years of experience including the portfolio management of mutual funds in emerging markets, core international and U.S. moderate allocation. Previously, he was head of international equities for Principal Global Investors, as well as president of his own asset management firm. Kurt graduated from Iowa State University and chose to obtain his MBA from Drake University. Kurt is a member of the CFA Institute and the CFA Society of Colorado.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.21 | 8.63 | 1.38 |