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Trending ETFs

Balanced Fund

mutual fund
FOBAX
Payout Change
Pending
Price as of:
$20.07 +0.15 +0.75%
primary theme
U.S. Balanced Allocation
share class
Instl (FOBAX) Instl (FOBPX)
FOBAX (Mutual Fund)

Balanced Fund

Payout Change
Pending
Price as of:
$20.07 +0.15 +0.75%
primary theme
U.S. Balanced Allocation
share class
Instl (FOBAX) Instl (FOBPX)
FOBAX (Mutual Fund)

Balanced Fund

Payout Change
Pending
Price as of:
$20.07 +0.15 +0.75%
primary theme
U.S. Balanced Allocation
share class
Instl (FOBAX) Instl (FOBPX)

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Balanced Fund

FOBAX | Fund

$20.07

$82.3 M

1.55%

$0.31

1.31%

Vitals

YTD Return

14.6%

1 yr return

15.1%

3 Yr Avg Return

5.2%

5 Yr Avg Return

8.5%

Net Assets

$82.3 M

Holdings in Top 10

32.6%

52 WEEK LOW AND HIGH

$19.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Balanced Fund

FOBAX | Fund

$20.07

$82.3 M

1.55%

$0.31

1.31%

FOBAX - Profile

Distributions

  • YTD Total Return 14.6%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Balanced Fund
  • Fund Family Name
    Tributary Funds
  • Inception Date
    Aug 15, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ronald Horner

Fund Description

The Fund’s Sub-Adviser 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. The fixed income securities in which the Fund may invest include corporate bonds, foreign or Yankee bonds, municipal bonds, obligations issued or guaranteed by the U.S. government (or it agencies or instrumentalities), convertible securities, certain restricted securities, and in fixed income securities with variable or floating interest rates. The Fund may also enter into repurchase agreements.

With respect to the equity portion of the Fund, the Sub-Adviser intends to target companies with above average sales and earnings growth characteristics and below average valuations with a focus on investing in companies that have an improving profit outlook. The Sub-Adviser employs strategies to control the risks of the Fund’s equity holdings, including diversifying stockholdings across the major economic sectors and individual companies.

With respect to the fixed income portion of the Fund, the Sub-Adviser intends to invest primarily in fixed income securities rated, at the time of purchase, within the four highest credit categories (Aaa, Aa, A, Baa, or equivalent) by at least one nationally recognized statistical rating organization (“NRSRO”), or if unrated, deemed to be of comparable quality by the Fund’s Sub-Adviser. However, also with respect to the fixed income portion of the Fund, the Fund may invest up to 20% of that portion in fixed income securities rated below such ratings (“junk” or “high yield” bonds) but not lower than a B rating by

an NRSRO at the time of purchase. In addition, the sub-adviser seeks to maintain a dollar-weighted average maturity of three years or more for its fixed income allocation.

Under normal market conditions, the Fund will invest no more than 75% of its fixed income portion in asset-backed and/or mortgage-backed securities.

Read More

FOBAX - Performance

Return Ranking - Trailing

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -2.2% 75.0% 18.50%
1 Yr 15.1% -1.7% 72.9% 22.76%
3 Yr 5.2%* -4.9% 22.8% 15.17%
5 Yr 8.5%* -4.0% 22.0% 14.72%
10 Yr N/A* 0.7% 13.9% 33.28%

* Annualized

Return Ranking - Calendar

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -12.2% 23.9% 44.40%
2022 -19.5% -34.7% 2.8% 63.87%
2021 7.5% -11.9% 18.1% 36.32%
2020 6.3% -20.9% 39.7% 63.92%
2019 16.1% 0.8% 25.7% 25.33%

Total Return Ranking - Trailing

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -2.2% 75.0% 18.50%
1 Yr 15.1% -1.7% 72.9% 22.76%
3 Yr 5.2%* -4.9% 22.8% 15.17%
5 Yr 8.5%* -4.0% 22.0% 14.72%
10 Yr N/A* 0.7% 13.9% 30.81%

* Annualized

Total Return Ranking - Calendar

Period FOBAX Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -12.2% 26.8% 12.83%
2022 -15.0% -29.0% 10.9% 53.22%
2021 16.3% -3.0% 27.3% 15.77%
2020 12.6% -19.5% 40.6% 52.10%
2019 21.4% 2.2% 32.7% 26.00%

NAV & Total Return History

FOBAX - Holdings

Concentration Analysis

FOBAX Category Low Category High FOBAX % Rank
Net Assets 82.3 M 861 K 235 B 87.41%
Number of Holdings 211 2 16143 35.69%
Net Assets in Top 10 27.6 M 859 K 66.9 B 87.32%
Weighting of Top 10 32.56% 10.8% 122.7% 70.21%

Top 10 Holdings

  1. Apple, Inc. 4.58%
  2. Microsoft Corp. 4.37%
  3. NVIDIA Corp. 4.05%
  4. U.S. Treasury Note/Bond 3.83%
  5. U.S. Treasury Note/Bond 3.65%
  6. U.S. Treasury Note 2.68%
  7. BlackRock Liquidity Funds T-Fund Portfolio, Institutional Shares 2.61%
  8. Alphabet, Inc. 2.52%
  9. Amazon.com, Inc. 2.41%
  10. Meta Platforms, Inc. 1.87%

Asset Allocation

Weighting Return Low Return High FOBAX % Rank
Stocks 		62.24% 0.00% 100.10% 66.67%
Bonds 		35.02% 0.00% 77.71% 22.27%
Cash 		2.73% -7.92% 100.00% 34.22%
Preferred Stocks 		0.00% 0.00% 24.59% 26.11%
Other 		0.00% -42.55% 113.97% 45.72%
Convertible Bonds 		0.00% 0.00% 23.84% 88.71%

Stock Sector Breakdown

Weighting Return Low Return High FOBAX % Rank
Technology 		23.78% 0.00% 44.21% 15.65%
Healthcare 		14.25% 0.00% 29.35% 41.73%
Financial Services 		12.55% 0.00% 38.77% 76.15%
Consumer Cyclical 		11.04% 0.00% 19.36% 29.96%
Communication Services 		9.42% 0.00% 38.10% 10.88%
Industrials 		8.95% 0.00% 24.37% 77.35%
Consumer Defense 		6.81% 0.00% 15.14% 44.71%
Real Estate 		4.01% 0.00% 65.01% 34.28%
Energy 		3.74% 0.00% 85.65% 73.47%
Utilities 		3.42% 0.00% 99.55% 31.00%
Basic Materials 		2.03% 0.00% 25.57% 84.05%

Stock Geographic Breakdown

Weighting Return Low Return High FOBAX % Rank
US 		62.24% 0.00% 100.10% 62.98%
Non US 		0.00% 0.00% 42.80% 28.91%

Bond Sector Breakdown

Weighting Return Low Return High FOBAX % Rank
Government 		29.75% 0.00% 97.26% 51.71%
Corporate 		29.67% 0.00% 98.21% 54.68%
Securitized 		24.22% 0.00% 92.13% 30.31%
Cash & Equivalents 		2.61% 0.00% 99.92% 34.66%
Municipal 		1.68% 0.00% 24.80% 9.06%
Derivative 		0.00% -4.58% 41.29% 28.47%

Bond Geographic Breakdown

Weighting Return Low Return High FOBAX % Rank
US 		35.02% 0.00% 77.71% 20.94%
Non US 		0.00% 0.00% 15.37% 15.78%

FOBAX - Expenses

Operational Fees

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.03% 27.98% 29.33%
Management Fee 0.75% 0.00% 1.83% 86.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.83% 90.22%

Sales Fees

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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 23.00% 0.83% 343.00% 29.50%

FOBAX - Distributions

Dividend Yield Analysis

FOBAX Category Low Category High FOBAX % Rank
Dividend Yield 1.55% 0.00% 17.90% 7.61%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FOBAX Category Low Category High FOBAX % Rank
Net Income Ratio 0.48% -2.34% 13.92% 81.68%

Capital Gain Distribution Analysis

FOBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

View More +

FOBAX - Fund Manager Analysis

Managers

Ronald Horner

Start Date

Tenure

Tenure Rank

Oct 01, 2014

7.67

7.7%

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

7.67

7.7%

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
0.08 34.51 6.39 2.41

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