FONPX Performance — Tributary Nebraska Tax-Free Fund, Institutional Plus
Data updated: 2026-08-14
FONPX returned +1.47% year to date and +5.40% over one year to Jun 2026. Annualised returns are +3.37% over 3 years and +1.00% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 4.83% a year. In the 12 months to Jun 2026 the fund took in a net $3.8M, and assets reached $54.67M.
FONPX Growth of $100
What $100 invested in Tributary Nebraska Tax-Free Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FONPX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $110 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $111 | $112 |
FONPX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.47% |
| 1 year | +5.40% |
| 3 years (annualised) | +3.37% |
| 5 years (annualised) | +1.00% |
FONPX Annual Returns
Calendar-year total returns of Tributary Nebraska Tax-Free Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.47% |
| 2025 | +5.25% |
| 2024 | +0.47% |
| 2023 | +4.40% |
| 2022 | −6.26% |
| 2021 | −0.13% |
| 2020 | +4.53% |
| 2019 (Jul–Dec) | +1.66% |
FONPX 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 | +0.7% | +1.1% | −2.0% | +0.9% | +0.3% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.6% | +1.1% | −1.4% | −0.3% | +0.4% | +1.0% | +0.1% | +0.9% | +1.4% | +0.9% | +0.2% | +0.3% |
| 2024 | −0.4% | +0.1% | −0.2% | −1.1% | −1.0% | +1.5% | +1.0% | +1.2% | +0.8% | −1.4% | +1.3% | −1.1% |
| 2023 | +2.4% | −2.2% | +2.2% | −0.5% | −1.3% | +0.8% | +0.2% | −1.1% | −2.6% | −0.8% | +5.4% | +2.2% |
| 2022 | −2.3% | −0.3% | −2.4% | −2.7% | +1.7% | −1.0% | +2.2% | −2.1% | −3.3% | −0.5% | +4.1% | +0.4% |
| 2021 | 0.0% | −1.3% | +0.3% | +0.5% | 0.0% | +0.1% | +0.6% | −0.3% | −0.6% | −0.2% | +0.4% | 0.0% |
| 2020 | +1.4% | +0.8% | −1.7% | −0.3% | +2.7% | −0.2% | +0.9% | −0.4% | +0.2% | −0.3% | +0.8% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.6% | +1.0% | −0.6% | +0.2% | +0.2% | +0.3% |
FONPX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.83%
- 3-year Sharpe ratio: -0.23 (vs 4.5% risk-free rate)
- Best month: +5.40% (Nov 2023)
- Worst month: −2.62% (Sep 2023)
FONPX Fund Flows
Monthly money in and out of Tributary Nebraska Tax-Free Fund, from SEC Form N-PORT.
- 12-month net flow: $3.8M
- 12-month gross sales (incl. reinvestments): $9.5M
- Sales ÷ redemptions: 1.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $324K | $497K | −$173K |
| May 2026 | $583K | $271K | $312K |
| Apr 2026 | $938K | $526K | $412K |
| Mar 2026 | $2.0M | $341K | $1.6M |
| Feb 2026 | $498K | $764K | −$266K |
| Jan 2026 | $961K | $389K | $572K |
| Dec 2025 | $535K | $861K | −$326K |
| Nov 2025 | $295K | $341K | −$46K |
| Oct 2025 | $740K | $359K | $380K |
| Sep 2025 | $802K | $671K | $131K |
| Aug 2025 | $223K | $407K | −$184K |
| Jul 2025 | $1.7M | $359K | $1.3M |
FONPX Assets Under Management
Net assets of Tributary Nebraska Tax-Free Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $54.67M |
| 2026-03-31 | $53.55M |
| 2025-12-31 | $52.11M |
| 2025-09-30 | $51.75M |
| 2025-06-30 | $49.56M |
| 2025-03-31 | $50.54M |
| 2024-12-31 | $52.01M |
| 2024-09-30 | $54.00M |
| 2024-06-30 | $54.07M |
| 2024-03-31 | $55.28M |
| 2023-12-31 | $51.87M |
| 2023-09-30 | $53.30M |
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.