Tributary Capital Management, LLC

Tributary Capital Management, LLC, an SEC-registered investment advisor established in 2005 and headquartered in Omaha, Nebraska, specializes in providing investment management services to institutional and individual investors. The firm manages equity assets totaling $2,915.1 million as of December 31, 2024. Tributary offers various investment strategies, including separately managed accounts with small, small/mid, large, all cap, and equity income portfolios, as well as individually managed accounts tailored to each client's specific needs. Additionally, Tributary serves as the registered investment advisor for the Tributary Funds, Inc., offering six investment portfolios. The firm charges fees based on a percentage of assets under management, with a standard fee schedule ranging from 0.40% to 0.80% depending on account size and investment strategy. Clients may also incur additional fees such as brokerage, custody, and transaction fees. Tributary exercises investment discretion over client portfolios and provides model delivery services to third-party investment managers and Turnkey Asset Management Programs. The firm's investment philosophy is grounded in fundamental research and risk management, with a focus on active portfolio management and adherence to client-specific investment objectives and guidelines. Tributary does not have any performance-based fees and offers investment management services to institutional and individual clients with account minimums ranging from $100,000 to $5 million, with the discretion to waive minimum balances. Clients should carefully review all account statements, as Tributary does not take custody of clients' funds or securities but has affiliated custody for certain accounts. The firm also has a Code of Ethics emphasizing fiduciary duty and high ethical standards, and it votes proxies on clients' behalf unless directed otherwise.