Tributary Short-Intermediate Bond Fund (FOSIX)

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Tributary Short-Intermediate Bond Fund (FOSIX) is up 0.4% since the beginning of the year. FOSIX is currently trading at $9 per share. Investors who bought $1,000 worth of FOSIX shares 5 years ago would now be looking at an investment worth $1,130.

Tributary Short-Intermediate Bond Fund (FOSIX) has returned 0.39% so far this year and 3.44% over the past 12 months. Over the last ten years, FOSIX has returned 2.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 14, 1992, FOSIX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 70% of months were positive and 30% were negative. The best month was Sep 1998 with a return of +2.6%, while the worst month was Nov 2001 at -3.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FOSIX closed higher 34% of trading days. The best single day was Sep 17, 2001 with a return of +0.9%, while the worst single day was Nov 28, 2001 at -1.4%.

Tributary Short-Intermediate Bond Fund has an annualized alpha of 3.63%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 14, 1992.

• This fund captured 8.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.33%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 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 0.01 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.

FOSIX has an expense ratio of 0.64%, placing it in the medium range.

FOSIX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Tributary Short-Intermediate Bond Fund provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Tributary Short-Intermediate Bond 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 Short-Intermediate Bond 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 Short-Intermediate Bond Fund was 6.58%, occurring on Oct 20, 2022. Recovery took 295 trading sessions.

The current Tributary Short-Intermediate Bond Fund drawdown is 0.44%.

The chart below shows the rolling one-month volatility.