FOBAX: Tributary Balanced Instl

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FOBAX Tributary Balanced Instl


Profile

FOBAX - Profile

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $67.9 M
  • Holdings in Top 10 30.4%

52 WEEK LOW AND HIGH

$17.63
$14.49
$18.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.28%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Tributary Balanced Fund
  • Fund Family Name
    Tributary Funds
  • Inception Date
    Aug 06, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Lauber

Fund Description

The Sub-Adviser of the fund will allocate its assets among stocks, fixed income securities, and cash equivalents. The fund will normally invest 25% to 75% of its assets in stocks and convertible securities and at least 25% of its total assets in fixed income securities. The fund may also invest in preferred stocks and warrants. The fund may invest in securities issued by companies with large, medium, or small capitalizations.


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Categories

Performance

FOBAX - Performance

Return Ranking - Trailing

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -46.0% 28.5% 30.25%
1 Yr 4.9% -57.1% 38.8% 12.47%
3 Yr 0.7%* -39.0% 14.4% 26.27%
5 Yr N/A* -35.6% 9.9% 6.71%
10 Yr N/A* -37.2% 11.7% 5.58%

* Annualized

Return Ranking - Calendar

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
2019 16.1% -50.4% 46.8% 17.72%
2018 -8.8% -31.8% 11.7% 40.44%
2017 5.1% -44.7% 46.3% 61.42%
2016 N/A -29.9% 420.6% N/A
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -46.0% 28.5% 30.25%
1 Yr 4.9% -57.1% 38.8% 12.37%
3 Yr 5.9%* -39.0% 14.4% 6.45%
5 Yr N/A* -35.6% 9.9% 6.84%
10 Yr N/A* -37.2% 12.2% 6.61%

* Annualized

Total Return Ranking - Calendar

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
2019 16.1% -50.4% 46.8% 17.72%
2018 -2.1% -27.6% 11.7% 7.73%
2017 13.9% -44.7% 46.3% 17.75%
2016 N/A -29.9% 420.6% N/A
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

FOBAX - Holdings

Concentration Analysis

FOBAX Category Low Category High FOBAX % Rank
Net Assets 67.9 M 100 K 153 B 75.71%
Number of Holdings 164 2 13456 47.51%
Net Assets in Top 10 19.5 M -35.2 M 27.1 B 82.12%
Weighting of Top 10 30.35% 5.5% 100.0% 57.97%

Top 10 Holdings

  1. United States Treasury Notes 2.12% 6.19%
  2. United States Treasury Notes 1.62% 6.07%
  3. Microsoft Corp 3.47%
  4. United States Treasury Notes 2.25% 3.46%
  5. Apple Inc 3.25%
  6. Amazon.com Inc 2.11%
  7. Alphabet Inc Class C 2.01%
  8. Walmart Inc 1.31%
  9. Facebook Inc A 1.30%
  10. NextEra Energy Inc 1.17%

Asset Allocation

Weighting Return Low Return High FOBAX % Rank
Stocks
56.86% -113.74% 77.36% 30.87%
Bonds
39.22% -7.02% 80.79% 56.34%
Cash
3.92% -120.83% 149.68% 57.59%
Preferred Stocks
0.00% 0.00% 36.61% 78.69%
Other
0.00% -4.42% 167.50% 72.45%
Convertible Bonds
0.00% -0.67% 52.57% 87.21%

Stock Sector Breakdown

Weighting Return Low Return High FOBAX % Rank
Technology
22.74% 0.00% 100.00% 13.53%
Healthcare
15.24% 0.00% 54.35% 42.79%
Financial Services
11.98% 0.00% 62.98% 79.10%
Communication Services
10.91% 0.00% 26.69% 12.10%
Consumer Cyclical
10.09% 0.00% 33.58% 36.63%
Industrials
8.08% 0.00% 99.44% 70.63%
Consumer Defense
7.87% 0.00% 18.41% 45.98%
Utilities
4.51% 0.00% 100.00% 32.67%
Real Estate
4.35% 0.00% 99.96% 43.56%
Energy
2.24% 0.00% 100.00% 79.54%
Basic Materials
1.98% 0.00% 19.70% 74.26%

Stock Geographic Breakdown

Weighting Return Low Return High FOBAX % Rank
US
55.89% -112.30% 75.95% 14.55%
Non US
0.97% -3.33% 31.77% 80.77%

Bond Sector Breakdown

Weighting Return Low Return High FOBAX % Rank
Government
40.84% 0.00% 90.31% 14.35%
Corporate
27.63% 0.00% 100.00% 62.58%
Securitized
19.66% 0.00% 85.82% 47.40%
Cash & Equivalents
9.08% -3.87% 100.00% 58.84%
Municipal
2.79% 0.00% 99.50% 9.88%
Derivative
0.00% 0.00% 69.90% 67.98%

Bond Geographic Breakdown

Weighting Return Low Return High FOBAX % Rank
US
38.27% -8.49% 88.92% 51.04%
Non US
0.95% -14.78% 29.41% 78.90%

Expenses

FOBAX - Expenses

Operational Fees

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.01% 7.41% 38.04%
Management Fee 0.75% 0.00% 2.00% 76.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.83% 88.52%

Sales Fees

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FOBAX 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.

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 574.00% 25.68%

Distributions

FOBAX - Distributions

Dividend Yield Analysis

FOBAX Category Low Category High FOBAX % Rank
Dividend Yield 0.00% 0.00% 10.35% 47.82%

Dividend Distribution Analysis

FOBAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

FOBAX Category Low Category High FOBAX % Rank
Net Income Ratio 0.90% -5.24% 6.65% 83.42%

Capital Gain Distribution Analysis

FOBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

FOBAX - Fund Manager Analysis

Managers

Charles Lauber


Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.75

5.8%

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.

Ronald Horner


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.58

5.6%

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.

Kurt Spieler


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.58

5.6%

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 39.35 6.95 0.33