{"id":11653,"date":"2019-05-18T16:16:00","date_gmt":"2019-05-18T20:16:00","guid":{"rendered":"http:\/\/162.241.156.118\/~azzadasset\/?p=11653"},"modified":"2019-05-18T16:16:00","modified_gmt":"2019-05-18T20:16:00","slug":"tributary-capital-management","status":"publish","type":"post","link":"https:\/\/intelliserver.net\/wordpress\/portfolio-managers\/tributary-capital-management\/","title":{"rendered":"Tributary Capital Management"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized is-style-default\"><img decoding=\"async\" src=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2018\/07\/Tributary-logo-68.png\" alt=\"\" class=\"wp-image-7436\" width=\"383\" height=\"66\" srcset=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2018\/07\/Tributary-logo-68.png 350w, https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2018\/07\/Tributary-logo-68-300x51.png 300w\" sizes=\"(max-width: 383px) 100vw, 383px\" \/><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Tributary Capital Management\u2019s parent company has a rich history dating back to the mid-1800s. They are a wholly owned subsidiary of First National Bank of Omaha, which is a wholly owned subsidiary of First National of Nebraska, the largest privately held financial services company in the United States. Firm equity assets, including model portfolios, wrap accounts, separately managed accounts and mutual funds (excluding sub-advised funds) were $2.4 billion as of December 31, 2020. They are an investment adviser registered with the Securities and Exchange Commission. The firm manages assets for corporations, mutual funds and other institutions. The firm\u2019s investment team averages nearly eighteen years of industry experience, including over eight years with Tributary. Five of their investment professionals hold the CFA\u00ae charter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-meet-the-managers\">Meet The Managers<\/h2>\n\n\n\n<figure class=\"wp-block-image alignleft size-large is-resized is-style-default\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mark-Wyngar.jpg\" alt=\"\" class=\"wp-image-2409\" width=\"276\" height=\"290\" srcset=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mark-Wyngar.jpg 514w, https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mark-Wyngar-285x300.jpg 285w\" sizes=\"(max-width: 276px) 100vw, 276px\" \/><\/figure>\n\n\n\n<p>Mark is the lead portfolio manager for the small cap value strategy. He has over 18 years of investment management experience and joined Tributary\u2019s predecessor, First Investment Group, in 1999. Prior to joining Tributary, he worked at Westchester Capital Management as a Senior Securities Analyst. Mark earned his Bachelor of Science in Business Administration from the University of Nebraska in 1993. He is a member of the CFA\u00ae Society of Nebraska and the CFA\u00ae Institute. He served on the Board of the CFA\u00ae Society of Nebraska from 2002-09 and was president of the society from 2007-08.<\/p>\n\n\n\n<figure class=\"wp-block-image alignright size-large is-resized is-style-default\"><img decoding=\"async\" src=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mike-Johnson.jpg\" alt=\"\" class=\"wp-image-2410\" width=\"276\" height=\"290\" srcset=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mike-Johnson.jpg 514w, https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2016\/08\/Mike-Johnson-285x300.jpg 285w\" sizes=\"(max-width: 276px) 100vw, 276px\" \/><\/figure>\n\n\n\n<p>Mike serves as a portfolio manager for the small cap value strategy. He has over 20 years of investment management experience and joined Tributary\u2019s predecessor, First Investment Group in 2005. Prior to joining Tributary, he worked as an equity analyst and portfolio manager at Principal Global Investors. Mike earned his Bachelor of Science degree in Business Administration from the University of Nebraska in 1992 and MBA from Drake University. He is a Chartered Financial Analyst and a member of the CFA\u00ae Society of Nebraska and the CFA\u00ae Institute.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-investment-approach\">Investment Approach<\/h4>\n\n\n\n<p>Tributary manages Azzad\u2019s small cap value model using an investment process driven primarily by qualitative analysis. Investments are chosen from a universe of securities passing Azzad\u2019s ethical screens. The managers identify stocks that have been mispriced by the market and purchase or sell those investments to take advantage of eventual re-pricing. By owning quality companies in such situations, the strategy attempts to generate above-average returns with below-average risk. The strategy seeks to ensure downside protection through strong financial position and valuation analysis, while identifying upside catalysts with management interviews, company visits, and competitive position\/industry analysis.<\/p>\n\n\n\n<p>You can access Tributary\u2019s disclosure brochure (<a href=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2023\/05\/Tributary-ADV-Part-2A-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ADV Part 2A<\/a>) and\u00a0<a href=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2019\/03\/Tributary-Privacy-Statement.pdf\">privacy statement<\/a>.<\/p>\n\n\n\n<p class=\"has-small-font-size\">Azzad makes no assurance that the manner in which Tributary manages its assets in the Small Cap Value model is the same as or entirely consistent with the manner in which it manages any of its other Funds or accounts. Small cap investing involves risks including loss of principal. CFA is a trademark owned by CFA Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tributary Capital Management\u2019s parent company has a rich history dating back to the mid-1800s. They are a wholly owned subsidiary of First National Bank of Omaha, which is a wholly owned subsidiary of First National of Nebraska, the largest privately held financial services company in the United States. Firm equity assets, including model portfolios, wrap [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2371,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[721],"tags":[],"class_list":["post-11653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-managers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tributary Capital Management - Azzad Asset Management<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tributary Capital Management - Azzad Asset Management\" \/>\n<meta property=\"og:description\" content=\"Tributary Capital Management\u2019s parent company has a rich history dating back to the mid-1800s. 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