FOSCX Fees and Costs — Tributary Small Company Fund, Institutional Class
Data updated: 2026-08-14
The net expense ratio is 1.17%: a 0.85% management fee plus 0.55% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $466K in broker commissions, 0.0765% of average net assets, and portfolio turnover was 31%.
FOSCX Fees and Expenses
Annual operating expenses and sales charges of FOSCX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FOSCX Costs Over Time
On $10,000 invested in FOSCX, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.17%) | $123 | $382 | $661 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $776 |
| Value after costs | $10,369 | $11,149 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
FOSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0765%
- Total broker commissions: $466K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
FOSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $227K | 48.65% |
| ROBERT W. BAIRD & CO. INCORPORATED | $64K | 13.68% |
| KEEFE, BRUYETTE & WOODS, INC. | $54K | 11.64% |
| RAYMOND JAMES & ASSOCIATES, INC. | $40K | 8.53% |
| MORGAN STANLEY & CO. LLC | $38K | 8.13% |
| CHASE INVESTMENT SERVICES, INC. | $21K | 4.49% |
| RBC CAPITAL MARKETS, LLC | $14K | 3.06% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $8K | 1.82% |
Tributary Small Company Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FOSBX | Institutional Plus | 0.95% | — |
| FOSCX | Institutional Class | 1.17% | — |
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.