Short-Intermediate Bond Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
4.0%
3 Yr Avg Return
0.2%
5 Yr Avg Return
1.4%
Net Assets
$215 M
Holdings in Top 10
32.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FOSIX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 0.2%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.07%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameShort-Intermediate Bond Fund
-
Fund Family NameTributary Funds
-
Inception DateAug 15, 2016
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTravis Nordstrom
Fund Description
Under normal market conditions, the Fund intends to invest primarily all, but must invest at least 80%, of its net assets, plus any borrowing for investment purposes, in fixed income securities. The fixed income securities in which the Fund may invest include corporate bonds, foreign or Yankee bonds, municipal bonds, obligations issued or guaranteed by the U.S. government (or it agencies or instrumentalities), convertible securities, certain restricted securities, and in fixed income securities with variable or floating interest rates. The Fund may also enter into repurchase agreements.
The Fund invests primarily in debt securities rated within the four highest credit categories (Aaa, Aa, A, Baa, or equivalent) by at least one nationally recognized statistical rating organization (“NRSRO”), or if unrated, deemed to be of comparable quality by the Fund’s sub-adviser, First National Advisers, LLC. The Fund may invest up to 20% of its assets in bonds and other fixed income securities rated below such ratings (“junk” or “high yield” bonds), but no lower than a B rating by an NRSRO at the time of purchase. The Fund seeks to maintain a dollar-weighted average portfolio maturity of one to five years. The dollar-weighted average portfolio maturity is measured from the portion of the Fund’s assets that are invested in fixed income securities. The Fund does not place specific limits on duration.
Under normal market conditions, the Fund will invest no more than 75% of its assets in asset-backed securities and/or mortgage-backed securities.
The Fund may also invest in derivatives and other hedging instruments, including futures contracts, options on futures contracts, call and put options on futures contracts, and swap agreements.
FOSIX - Performance
Return Ranking - Trailing
Period | FOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -4.9% | 10.9% | 62.50% |
1 Yr | 4.0% | -3.2% | 23.8% | 47.37% |
3 Yr | 0.2%* | -6.8% | 4.0% | 42.46% |
5 Yr | 1.4%* | -4.4% | 4.3% | 50.30% |
10 Yr | N/A* | -19.2% | 169.6% | 43.75% |
* Annualized
Return Ranking - Calendar
Period | FOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -5.4% | 7.6% | 21.82% |
2022 | -6.6% | -17.7% | -2.6% | 36.48% |
2021 | -2.4% | -4.0% | 4.4% | 88.72% |
2020 | 1.7% | -8.3% | 7.6% | 49.12% |
2019 | 1.9% | -2.3% | 9.3% | 53.54% |
Total Return Ranking - Trailing
Period | FOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -4.9% | 10.9% | 62.50% |
1 Yr | 4.0% | -3.2% | 23.8% | 47.37% |
3 Yr | 0.2%* | -6.8% | 4.0% | 42.46% |
5 Yr | 1.4%* | -4.4% | 4.3% | 50.30% |
10 Yr | N/A* | -19.2% | 169.6% | 40.40% |
* Annualized
Total Return Ranking - Calendar
Period | FOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -1.1% | 15.2% | 43.82% |
2022 | -4.3% | -17.3% | -1.3% | 34.81% |
2021 | -0.6% | -2.7% | 7.7% | 69.22% |
2020 | 4.2% | -4.4% | 14.5% | 49.32% |
2019 | 4.3% | 0.6% | 12.6% | 61.41% |
NAV & Total Return History
FOSIX - Holdings
Concentration Analysis
FOSIX | Category Low | Category High | FOSIX % Rank | |
---|---|---|---|---|
Net Assets | 215 M | 14.5 K | 57.3 B | 77.70% |
Number of Holdings | 192 | 2 | 9251 | 76.98% |
Net Assets in Top 10 | 67 M | 1.16 M | 6.6 B | 73.20% |
Weighting of Top 10 | 31.99% | 1.8% | 108.7% | 35.07% |
Top 10 Holdings
- U.S. Treasury Note/Bond 11.91%
- U.S. Treasury Note 10.15%
- U.S. Treasury Note/Bond 2.35%
- JPMorgan Chase Co. 1.18%
- DLLAD, LLC 1.14%
- Citizens Auto Receivables Trust 1.10%
- Bank of America Corp. 1.05%
- Citigroup, Inc. 1.04%
- WSTN Trust 1.04%
- ATT, Inc. 1.03%
Asset Allocation
Weighting | Return Low | Return High | FOSIX % Rank | |
---|---|---|---|---|
Bonds | 99.27% | 0.00% | 130.68% | 5.22% |
Cash | 0.58% | -20.59% | 62.18% | 79.86% |
Preferred Stocks | 0.16% | 0.00% | 22.27% | 7.19% |
Stocks | 0.00% | 0.00% | 103.64% | 58.81% |
Other | 0.00% | -0.97% | 72.36% | 85.25% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 95.68% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FOSIX % Rank | |
---|---|---|---|---|
Securitized | 50.42% | 0.00% | 97.27% | 8.83% |
Corporate | 31.11% | 0.00% | 100.00% | 67.93% |
Government | 13.36% | 0.00% | 73.63% | 59.82% |
Municipal | 2.66% | 0.00% | 17.46% | 8.11% |
Cash & Equivalents | 0.30% | 0.00% | 62.18% | 72.30% |
Derivative | 0.00% | -0.55% | 28.01% | 64.75% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FOSIX % Rank | |
---|---|---|---|---|
US | 99.27% | 0.00% | 130.68% | 5.22% |
Non US | 0.00% | 0.00% | 83.16% | 55.04% |
FOSIX - Expenses
Operational Fees
FOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.29% | 0.01% | 3.24% | 16.33% |
Management Fee | 0.50% | 0.00% | 1.19% | 86.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.01% | 0.50% | 90.83% |
Sales Fees
FOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
FOSIX 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.
FOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 40.00% | 2.00% | 500.00% | 21.81% |
FOSIX - Distributions
Dividend Yield Analysis
FOSIX | Category Low | Category High | FOSIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.70% | 91.01% |
Dividend Distribution Analysis
FOSIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
FOSIX | Category Low | Category High | FOSIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.07% | -1.27% | 4.98% | 55.88% |
Capital Gain Distribution Analysis
FOSIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.023 | DailyAccrualFund |
Mar 01, 2024 | $0.021 | DailyAccrualFund |
Feb 01, 2024 | $0.022 | DailyAccrualFund |
Dec 29, 2023 | $0.022 | DailyAccrualFund |
Dec 14, 2023 | $0.002 | OrdinaryDividend |
Nov 30, 2023 | $0.021 | DailyAccrualFund |
Oct 31, 2023 | $0.021 | DailyAccrualFund |
Sep 29, 2023 | $0.020 | DailyAccrualFund |
Aug 31, 2023 | $0.020 | DailyAccrualFund |
Jul 31, 2023 | $0.019 | DailyAccrualFund |
Jun 30, 2023 | $0.019 | DailyAccrualFund |
May 31, 2023 | $0.018 | DailyAccrualFund |
Apr 28, 2023 | $0.018 | DailyAccrualFund |
Mar 31, 2023 | $0.019 | DailyAccrualFund |
Feb 28, 2023 | $0.017 | DailyAccrualFund |
Jan 31, 2023 | $0.019 | DailyAccrualFund |
Dec 30, 2022 | $0.019 | DailyAccrualFund |
Dec 15, 2022 | $0.024 | OrdinaryDividend |
Dec 01, 2022 | $0.017 | DailyAccrualFund |
Nov 01, 2022 | $0.017 | DailyAccrualFund |
Oct 03, 2022 | $0.015 | DailyAccrualFund |
Sep 01, 2022 | $0.015 | DailyAccrualFund |
Aug 01, 2022 | $0.014 | DailyAccrualFund |
Jul 01, 2022 | $0.014 | DailyAccrualFund |
Jun 01, 2022 | $0.014 | DailyAccrualFund |
May 02, 2022 | $0.013 | DailyAccrualFund |
Apr 01, 2022 | $0.013 | DailyAccrualFund |
Mar 01, 2022 | $0.013 | DailyAccrualFund |
Feb 01, 2022 | $0.013 | DailyAccrualFund |
Dec 31, 2021 | $0.013 | DailyAccrualFund |
Nov 30, 2021 | $0.012 | DailyAccrualFund |
Oct 29, 2021 | $0.012 | DailyAccrualFund |
Sep 30, 2021 | $0.012 | DailyAccrualFund |
Aug 31, 2021 | $0.012 | DailyAccrualFund |
Jul 30, 2021 | $0.012 | DailyAccrualFund |
Jun 30, 2021 | $0.013 | DailyAccrualFund |
May 28, 2021 | $0.013 | DailyAccrualFund |
Apr 30, 2021 | $0.013 | DailyAccrualFund |
Mar 31, 2021 | $0.014 | DailyAccrualFund |
Feb 26, 2021 | $0.014 | DailyAccrualFund |
Jan 29, 2021 | $0.014 | DailyAccrualFund |
Dec 31, 2020 | $0.015 | DailyAccrualFund |
Nov 30, 2020 | $0.015 | DailyAccrualFund |
Oct 30, 2020 | $0.015 | DailyAccrualFund |
Sep 30, 2020 | $0.015 | DailyAccrualFund |
Aug 31, 2020 | $0.016 | DailyAccrualFund |
Jul 31, 2020 | $0.016 | DailyAccrualFund |
Jun 30, 2020 | $0.016 | DailyAccrualFund |
May 29, 2020 | $0.016 | DailyAccrualFund |
Apr 30, 2020 | $0.017 | DailyAccrualFund |
Mar 31, 2020 | $0.017 | DailyAccrualFund |
Feb 28, 2020 | $0.016 | DailyAccrualFund |
Jan 31, 2020 | $0.017 | DailyAccrualFund |
Jan 02, 2020 | $0.017 | DailyAccrualFund |
Dec 02, 2019 | $0.017 | DailyAccrualFund |
Nov 01, 2019 | $0.017 | DailyAccrualFund |
Oct 01, 2019 | $0.017 | DailyAccrualFund |
Sep 03, 2019 | $0.017 | DailyAccrualFund |
Aug 01, 2019 | $0.017 | DailyAccrualFund |
Jul 01, 2019 | $0.016 | OrdinaryDividend |
Jun 03, 2019 | $0.017 | DailyAccrualFund |
May 01, 2019 | $0.016 | DailyAccrualFund |
Apr 01, 2019 | $0.018 | DailyAccrualFund |
Mar 01, 2019 | $0.016 | DailyAccrualFund |
Feb 01, 2019 | $0.016 | DailyAccrualFund |
Dec 31, 2018 | $0.017 | DailyAccrualFund |
Dec 03, 2018 | $0.016 | DailyAccrualFund |
Nov 01, 2018 | $0.016 | DailyAccrualFund |
Sep 04, 2018 | $0.016 | DailyAccrualFund |
Aug 01, 2018 | $0.016 | DailyAccrualFund |
Jul 02, 2018 | $0.015 | DailyAccrualFund |
Jun 01, 2018 | $0.015 | DailyAccrualFund |
May 01, 2018 | $0.015 | DailyAccrualFund |
Apr 02, 2018 | $0.017 | DailyAccrualFund |
Mar 01, 2018 | $0.015 | DailyAccrualFund |
Feb 01, 2018 | $0.018 | DailyAccrualFund |
Jan 02, 2018 | $0.016 | DailyAccrualFund |
Dec 01, 2017 | $0.015 | DailyAccrualFund |
Nov 01, 2017 | $0.016 | DailyAccrualFund |
Oct 02, 2017 | $0.015 | DailyAccrualFund |
Sep 01, 2017 | $0.015 | DailyAccrualFund |
Aug 01, 2017 | $0.015 | DailyAccrualFund |
Jul 03, 2017 | $0.016 | DailyAccrualFund |
Jun 01, 2017 | $0.016 | DailyAccrualFund |
May 01, 2017 | $0.015 | DailyAccrualFund |
Apr 03, 2017 | $0.016 | DailyAccrualFund |
Mar 01, 2017 | $0.015 | DailyAccrualFund |
Feb 01, 2017 | $0.016 | DailyAccrualFund |
Jan 03, 2017 | $0.016 | DailyAccrualFund |
Dec 01, 2016 | $0.015 | DailyAccrualFund |
Nov 01, 2016 | $0.015 | DailyAccrualFund |
Oct 03, 2016 | $0.017 | DailyAccrualFund |
FOSIX - Fund Manager Analysis
Managers
Travis Nordstrom
Start Date
Tenure
Tenure Rank
May 03, 2003
19.09
19.1%
Travis joined First National in 1999. Prior to joining First National, he worked at Commerzbank AG in Frankfurt, Germany, where he also studied financial economics on a Fulbright Scholarship. Travis received his B.S. in Economics from Nebraska Wesleyan University and M.S. in Economics from the University of Nebraska at Omaha. Travis has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and past president of the CFA Society of Nebraska.
Ronald Horner
Start Date
Tenure
Tenure Rank
Feb 28, 2006
16.26
16.3%
Ronald Horner, Managing Director, Fixed Income. Ron joined First National in March 2006 as a Managing Director and Head of Fixed Income. In this capacity, Ron provides leadership and oversight for all of First National’s fixed income investment mandates. Ronald’s over 30 year career in investment management includes 18 years with Commercial Federal Bank serving as an Investment Portfolio Manager and Secondary Mortgage Marketing Manager. He received his B.S. from Creighton University and Masters of Business Administration from the University of Nebraska at Omaha.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.13 | 2.41 |