Tributary Income Fund (FOINX)

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Tributary Income Fund (FOINX) is up 0.3% since the beginning of the year. FOINX is currently trading at $9 per share. Investors who bought $1,000 worth of FOINX shares 5 years ago would now be looking at an investment worth $1,003.

Tributary Income Fund (FOINX) has returned 0.25% so far this year and 4.48% over the past 12 months. Over the last ten years, FOINX has returned 1.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 9, 2001, FOINX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FOINX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +1.8%, while the worst single day was Mar 17, 2020 at -2.1%.

Tributary Income Fund has an annualized alpha of 3.55%, beta of -0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 09, 2001.

• This fund captured 9.64% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.46%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.04 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FOINX has an expense ratio of 0.63%, placing it in the medium range.

FOINX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Tributary Income Fund provided a 3.32% dividend yield over the last twelve months, with an annual payout of $0.31 per share.

The table displays the monthly dividend distributions for Tributary Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Tributary Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Tributary Income Fund was 18.20%, occurring on Oct 24, 2022. Recovery took 838 trading sessions.

The current Tributary Income Fund drawdown is 1.71%.

The chart below shows the rolling one-month volatility.