Tributary Short-Intermediate Bond Fd Insti
FOSIX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1620 Dodge Street Omaha NE United States of America 68197
- IPO Date
- Dec 14, 1992
- CIK
- 0000932381
- Website
- tributaryfunds.com
- Similar Companies
- Business
- Tributary Short-Intermediate Bond Fund Institutional (FOSIX) is an open-end mutual fund that seeks to maximize total returns consistent with generating current income, preserving capital, and reducing price volatility. The Fund invests primarily in investment-grade fixed income securities rated within the four highest credit categories (AAA, AA, A, BAA or equivalent), including U.S. Treasury notes, asset-backed securities, corporate bonds, government securities, commercial mortgage-backed securities, and non-agency residential mortgage-backed securities; it maintains a dollar-weighted average portfolio maturity of one to five years under normal market conditions and at least 80% of its assets in such securities. Top holdings as of recent data include United States Treasury Notes (various maturities comprising approximately 24.77% of the portfolio), alongside allocations to sectors such as asset-backed (31.54%), corporate bonds (30.08%), and government securities (23.91%). Managed by Tributary Capital Management, LLC, an SEC-registered investment adviser that serves as adviser and co-administrator to the Tributary Funds complex, with portfolio managers Ronald Horner (lead, since 2006) and Travis Nordstrom, CFA (since 2003). The Institutional share class (FOSIX) was incepted on January 1, 1991, with a net expense ratio of 0.66% (contractual waiver through August 1, 2025), minimum initial investment of $1,000, and monthly dividends; a companion Institutional Plus class (FOSPX, CUSIP 89609H100) was launched October 14, 2011, with a lower net expense ratio of 0.45% and $5 million minimum. Tributary Capital Management, headquartered at 1620 Dodge Street, Omaha, Nebraska, was formed January 1, 2005, as a wholly-owned subsidiary of First National Bank of Omaha (following a 2010 merger with First Investment Group, a former department of the bank), and oversees approximately $2.1 billion in regulatory assets under management as of December 31, 2023, across equity and fixed income strategies including the Tributary Small/Mid Cap Fund, Balanced Fund, Income Fund, Nebraska Tax-Free Fund, and Short-Intermediate Bond Fund. The Fund operates within the short-term bond category (Morningstar classification), targeting institutional investors such as pension funds, endowments, and high-net-worth individuals, with total net assets of approximately $228.67 million and share class assets of $4.38 million as of recent reporting. Geographically focused on U.S. securities (98.49% U.S. bonds), it emphasizes credit quality (mid) and limited interest-rate sensitivity to mitigate risks like rising rates and prepayments. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to the Fund or Tributary Capital Management were reported in the last 1-2 years; the firm continues steady operations with ongoing 13F portfolio adjustments, such as increased holdings in certain equities as of Q3 2025, while adhering to its bottom-up, fundamental philosophy across strategies.