FOBAX Performance — Tributary Balanced Fund, Institutional Class
Data updated: 2026-08-14
FOBAX returned +2.87% year to date and +9.56% over one year to Jun 2026. Annualised returns are +10.68% over 3 years and +6.59% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $136, against $141 for the category, and to $110 over one year, against $115. Volatility over the past three years was 8.32% a year. In the 12 months to Jun 2026 the fund lost a net $856K, and assets reached $81.10M.
FOBAX Growth of $100
What $100 invested in Tributary Balanced Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | FOBAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $110 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $136 | $141 |
| 5 years (Jul 2021 – Jun 2026) | $138 | $133 |
| Since data start (Jul 2019 – Jun 2026) | $183 | $169 |
FOBAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.87% |
| 1 year | +9.56% |
| 3 years (annualised) | +10.68% |
| 5 years (annualised) | +6.59% |
FOBAX Annual Returns
Calendar-year total returns of Tributary Balanced Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.87% |
| 2025 | +10.28% |
| 2024 | +14.00% |
| 2023 | +17.56% |
| 2022 | −15.05% |
| 2021 | +16.34% |
| 2020 | +12.64% |
| 2019 (Jul–Dec) | +8.03% |
FOBAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +0.1% | −3.7% | +4.8% | +1.3% | −0.6% | — | — | — | — | — | — |
| 2025 | +1.9% | −0.3% | −3.7% | −0.5% | +3.4% | +3.1% | +1.6% | +1.5% | +2.2% | +1.0% | +0.2% | −0.1% |
| 2024 | +1.3% | +2.8% | +2.3% | −3.1% | +4.4% | +2.2% | +1.1% | +1.5% | +1.1% | −0.7% | +3.2% | −2.6% |
| 2023 | +4.8% | −1.7% | +2.8% | +1.7% | +0.2% | +4.0% | +1.7% | −1.1% | −3.7% | −1.5% | +6.1% | +3.5% |
| 2022 | −4.4% | −2.6% | +1.3% | −5.7% | +0.1% | −4.9% | +5.6% | −3.4% | −6.5% | +3.6% | +4.8% | −3.2% |
| 2021 | −1.3% | +2.1% | +2.0% | +4.0% | +0.3% | +1.7% | +1.3% | +1.8% | −3.3% | +4.1% | −0.4% | +3.0% |
| 2020 | +0.6% | −4.8% | −8.0% | +7.6% | +3.8% | +1.4% | +3.6% | +3.9% | −2.4% | −1.5% | +6.3% | +2.7% |
| 2019 | — | — | — | — | — | — | +1.6% | +0.1% | +0.7% | +1.7% | +1.9% | +1.9% |
FOBAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 8.32%
- 3-year Sharpe ratio: 0.74 (vs 4.5% risk-free rate)
- Best month: +6.09% (Nov 2023)
- Worst month: −3.73% (Mar 2025)
FOBAX Fund Flows
Monthly money in and out of Tributary Balanced Fund, from SEC Form N-PORT.
- 12-month net flow: −$856K
- 12-month gross sales (incl. reinvestments): $10.1M
- Sales ÷ redemptions: 0.92×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $413K | $1.0M | −$611K |
| May 2026 | $284K | $441K | −$157K |
| Apr 2026 | $248K | $1.0M | −$763K |
| Mar 2026 | $1.1M | $1.0M | $52K |
| Feb 2026 | $385K | $910K | −$525K |
| Jan 2026 | $188K | $879K | −$691K |
| Dec 2025 | $6.3M | $1.0M | $5.3M |
| Nov 2025 | $97K | $507K | −$410K |
| Oct 2025 | $241K | $1.1M | −$831K |
| Sep 2025 | $393K | $968K | −$575K |
| Aug 2025 | $246K | $1.4M | −$1.2M |
| Jul 2025 | $164K | $686K | −$522K |
FOBAX Assets Under Management
Net assets of Tributary Balanced Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $81.10M |
| 2026-03-31 | $78.59M |
| 2025-12-31 | $82.03M |
| 2025-09-30 | $83.92M |
| 2025-06-30 | $82.10M |
| 2025-03-31 | $78.54M |
| 2024-12-31 | $82.92M |
| 2024-09-30 | $84.75M |
| 2024-06-30 | $84.90M |
| 2024-03-31 | $83.22M |
| 2023-12-31 | $79.50M |
| 2023-09-30 | $74.98M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.