Tributary Balanced Fd Instl
FOBAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1620 Dodge Street Omaha NE United States of America 68197
- IPO Date
- Aug 6, 1996
- CIK
- 0000932381
- Website
- tributaryfunds.com
- Similar Companies
- Business
- Tributary Balanced Fund Institutional Class (FOBAX) is an open-end mutual fund that seeks capital appreciation and current income through tactical asset allocation among common stocks, fixed-income securities, and cash equivalents. The fund normally invests 50% to 75% of its total assets in stocks and convertible securities issued by companies of large, medium, or small capitalizations, and 30% to 50% in fixed-income securities and cash, with allocations adjusted based on market conditions to limit downside risk and capitalize on volatility. It employs a bottom-up, fundamental security selection process across sectors such as technology, financial services, consumer cyclical, industrials, and communication services; fixed-income holdings primarily comprise U.S. bonds, supplemented by limited non-U.S. stocks and bonds. Launched on August 6, 1996, the fund is part of the Tributary Funds family advised by Tributary Capital Management, LLC, with sub-advisory services provided by First National Advisers, LLC (FNA), an affiliate based in Omaha, Nebraska. FOBAX shares are available to institutional and individual investors in the United States, with a minimum initial investment of $1,000, quarterly dividends, and a net expense ratio of 0.91%; an Institutional Plus class (FOBPX, ticker 89609H308, inception October 14, 2011) requires a $5 million minimum and features a 0.76% net expense ratio. The fund operates within the moderate allocation category, serving investors seeking balanced exposure to equity and fixed-income markets. Portfolio management is led by Kurt Spieler, CFA, Chief Investment Officer at FNA and lead manager since October 1, 2014; Ronald Horner, Managing Director of Institutional Fixed Income, since February 2006; John Harris, CFA, since August 1, 2022; and Travis Nordstrom, CFA, Senior Director of Institutional Fixed Income, who joined the team on August 1, 2025. As of November 30, 2025, total net assets stand at approximately $84 million, with FOBAX class assets at $27.65 million; asset allocation includes roughly 60% U.S. stocks, 35% U.S. bonds, 4% cash, and minimal non-U.S. exposure. Recent developments include the addition of Travis Nordstrom to the portfolio management team effective August 1, 2025, enhancing fixed-income expertise amid ongoing tactical adjustments to the fund's allocations. The fee waiver supporting the net expense ratio is contracted through at least August 1, 2025, with quarterly performance reporting as of November 30, 2025, showing YTD returns of 10.39% for FOBAX. No major acquisitions, partnerships, or strategic shifts have been reported for the fund or its advisers in the last 1-2 years.