Tributary Small Company Individual Investment Option

Strategy: The investment objective of the Tributary Small Company Fund is long-term capital appreciation. Under normal market conditions, the Fund invests primarily in common stocks and securities that are convertible into the common stocks of small-capitalization companies. The Fund's advisor has defined a "small" market capitalization as less than $5 billion. The Fund's investment advisor uses a value-oriented investment approach, looking for companies whose stock is trading below what the advisor considers its intrinsic value.

Risk: Stocks of small-capitalization companies are more volatile and carry more risk than other forms of equity investments. The net asset value per share of this Fund will generally fluctuate more than the stock market, as measured by the S&P 500® Index. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.

Prices and Performance: Click here to review.

Expense Ratio: The estimated overall expense ratio for this Portfolio is:

Underlying Estimated Fund Expenses:1 0.99%
Program Management Fee: 0.27%
State Administrative Fee: 0.03%
TOTAL: 1.29%

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1 As of March 31, 2016.

 

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