Growth Opportunities Fund
The investment objective of the Tributary Growth Opportunities Fund is long-term capital appreciation.
Under normal market conditions, the Fund invests primarily in common stocks of companies the adviser believes have the potential to grow earnings more rapidly than their competitors. The Fund may also invest up to 35% of its assets in preferred stocks and warrants. Holdings in the Fund are typically diversified across the major sectors. The Fund may invest in securities issued by companies with large, medium or small capitalizations.
Risk / Return Considerations
Equity securities are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.
This Fund is designed for those who are comfortable with the stock market and who are prepared to accept the principal risk involved.