FOSIX Fees and Costs — Tributary Short-Intermediate Bond Fund, Institutional Class
Data updated: 2026-08-14
The net expense ratio is 0.64%: a 0.50% management fee plus 1.02% other expenses, less a 0.88% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4 in broker commissions, and portfolio turnover was 41%.
FOSIX Fees and Expenses
Annual operating expenses and sales charges of FOSIX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.02% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.88% |
| Net expense ratio | 0.64% |
| 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 |
FOSIX Costs Over Time
On $10,000 invested in FOSIX, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
FOSIX 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): —
- Total broker commissions: $4
- Bought from dealers (principal trades, not a cost): $145.0M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
FOSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SIDCO/TRITON | $4 | 100.00% |
FOSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES | $25.7M | 19.79% |
| CITIGROUP GLOBAL MARKETS INC. | $20.9M | 16.09% |
| WELLS FARGO BROKERAGE SERVICES, LLC | $19.1M | 14.67% |
| CHARLES SCHWAB & CO INC | $18.5M | 14.24% |
| GOLDMAN SACHS & CO | $16.5M | 12.66% |
| J.P. MORGAN SECURITIES LLC | $7.7M | 5.96% |
| MARKETAXESS | $6.9M | 5.33% |
| SUNTRUST ROBINSON HUMPHREY, INC. | $6.4M | 4.91% |
| JANE STREET EXECUTION SERVICES | $5.4M | 4.12% |
| RBC CAPITAL MARKETS, LLC | $2.9M | 2.23% |
Tributary Short-Intermediate Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FOSPX | Institutional Plus | 0.44% | — |
| FOSIX | Institutional Class | 0.64% | — |
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.