# Portfolio overlap — FSMCX vs REGL

Comparing **TRIBUTARY SMALL/MID CAP FUND** (2026-03-31) and **ProShares S&P MidCap 400 Dividend Aristocrats ETF** (2026-02-28).

- Shared positions: 12
- TRIBUTARY SMALL/MID CAP FUND covered by ProShares S&P MidCap 400 Dividend Aristocrats ETF: 0.1726344292028561101075294029
- ProShares S&P MidCap 400 Dividend Aristocrats ETF covered by TRIBUTARY SMALL/MID CAP FUND: 0.1726344292028561101075294028

## TRIBUTARY SMALL/MID CAP FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| BURLINGTON STORES INC | 0.031597 |  |
| IDACORP INC | 0.030516 | ✓ |
| LITTELFUSE INC | 0.030166 | ✓ |
| ONTO INNOVATION INC | 0.025850 |  |
| CACI INTL-A | 0.025666 |  |
| ENPRO INDUSTRIES INC | 0.024673 |  |
| PERMIAN RESOURCES CORP CL A | 0.024279 |  |
| DIODES INC | 0.023413 |  |
| STIFEL FINANCIAL CORP | 0.023387 |  |
| MARKEL GROUP INC | 0.023083 |  |
| SOUTHSTATE BANK CORP | 0.021976 |  |
| LAMAR ADVERTISING CO CL A | 0.021819 |  |
| OLLIES BARGAIN OUTLET HOLDINGS INC | 0.021634 |  |
| MOELIS & CO-CL A | 0.021583 |  |
| CARLISLE COS INC | 0.019767 | ✓ |
| PTC INC | 0.019749 |  |
| TETRA TECH INC | 0.019739 |  |
| ENERSYS INC | 0.019627 |  |
| CASEY'S GENERAL | 0.019210 | ✓ |
| EXLSERVICE HOLDINGS INC | 0.018702 |  |
| LINCOLN ELECTRIC HLDGS INC | 0.018136 | ✓ |
| POWER INTEGRATIONS INC | 0.017434 |  |
| SELECTIVE INSURANCE GROUP INC | 0.017377 |  |
| ATLANTIC UNION B | 0.017375 |  |
| JONES LANG LASALLE INC | 0.016967 |  |
| REVVITY INC | 0.016807 |  |
| NORTHERN OIL AND GAS INC | 0.016631 |  |
| RPM INTL INC | 0.016425 | ✓ |
| AAON INC | 0.016291 |  |
| AGREE REALTY CORP | 0.016050 |  |
| BROADRIDGE FINL | 0.015506 |  |
| TRACTOR SUPPLY CO. | 0.015493 |  |
| WYNDHAM HOTELS and RESORTS INC | 0.014890 |  |
| INTEGER HOLDINGS CORP | 0.014141 |  |
| EASTGROUP PROP | 0.014131 | ✓ |
| RELIANCE STEEL and ALUMINUM CO | 0.013885 | ✓ |
| DORMAN PRODUCTS INC | 0.013625 |  |
| BALCHEM CORP | 0.013620 |  |
| DYNATRACE INC | 0.013278 |  |
| ICF INTERNATIONAL INC | 0.013246 |  |
| MANHATTAN ASSOCIATES INC | 0.013169 |  |
| ICON PLC | 0.013005 |  |
| CONCENTRA GROUP HOLDINGS PARENT INC | 0.012981 |  |
| CULLEN FROST BANKERS INC | 0.012804 | ✓ |
| RYAN SPECIALTY HOLDINGS INC | 0.012674 |  |
| FRANKLIN ELECTRIC CO. INC. | 0.012591 |  |
| APTARGROUP INC | 0.012502 | ✓ |
| MARZETTI COMPANY/THE | 0.012437 | ✓ |
| SEACOAST BANKING CORP FLORIDA | 0.011956 |  |
| TOPBUILD CORP | 0.011826 |  |

## ProShares S&P MidCap 400 Dividend Aristocrats ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WESTLAKE CORP | 0.017669 |  |
| ENSIGN GROUP INC | 0.017499 |  |
| SONOCO PRODUCTS CO | 0.017024 |  |
| LITTELFUSE INC | 0.016989 | ✓ |
| DT MIDSTREAM INC | 0.016750 |  |
| APTARGROUP INC | 0.016708 | ✓ |
| RYDER SYSTEM INC | 0.016557 |  |
| NEW JERSEY RESOURCES CORP | 0.016433 |  |
| OGE ENERGY CORP | 0.016343 |  |
| SILGAN HOLDINGS INC | 0.016328 |  |
| AVIENT CORP | 0.016194 |  |
| ONE GAS INC | 0.016129 |  |
| REINSURANCE GROUP OF AMERICA | 0.016127 |  |
| LINCOLN ELECTRIC HLDGS INC | 0.016095 | ✓ |
| FIRST AMERICAN FINANCIAL CORP | 0.016069 |  |
| TORO CO | 0.016054 |  |
| RENAISSANCERE HLDGS LTD | 0.016028 |  |
| CARLISLE COS INC | 0.016000 | ✓ |
| NATL FUEL GAS CO | 0.015953 |  |
| CASEY'S GENERAL | 0.015930 | ✓ |
| SPIRE INC | 0.015771 |  |
| GRACO INC | 0.015686 |  |
| IDACORP INC | 0.015615 | ✓ |
| PORTLAND GENERAL ELECTRIC CO | 0.015604 |  |
| ROYAL GOLD INC | 0.015587 |  |
| EQUITY LIFESTYLE PPTYS INC | 0.015491 |  |
| EASTGROUP PROP | 0.015464 | ✓ |
| MSA SAFETY INC | 0.015421 |  |
| NNN REIT INC | 0.015418 |  |
| CUBESMART | 0.015339 |  |
| RLI CORP | 0.015336 |  |
| STAG INDUSTRIAL INC CL A | 0.015302 |  |
| HANOVER INSURANCE GROUP INC | 0.015267 |  |
| CABOT CORP | 0.015263 |  |
| SERVICE CORP INTERNATIONAL INC | 0.014973 |  |
| NORTHWESTERN ENERGY GROUP INC | 0.014865 |  |
| ESSENTIAL UTILITIES INC | 0.014808 |  |
| INGREDION INC | 0.014783 |  |
| RPM INTL INC | 0.014769 | ✓ |
| AMERICAN FINL GROUP INC OHIO | 0.014710 |  |
| BLACK HILLS CORP | 0.014609 |  |
| GATX CORP | 0.014600 |  |
| APPLIED INDU TEC | 0.014461 |  |
| OLD REPUBLIC INTL CORP | 0.014450 |  |
| MARZETTI COMPANY/THE | 0.014165 | ✓ |
| BANK OZK | 0.014148 |  |
| PRIMERICA INC | 0.014136 |  |
| UNITED BANKSHS | 0.014031 |  |
| CULLEN FROST BANKERS INC | 0.014015 | ✓ |
| RELIANCE STEEL and ALUMINUM CO | 0.013865 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000932381-26-000098` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/932381/000093238126000098/0000932381-26-000098-index.htm>
- N-PORT (fund B) — accession `0002071691-26-009189` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1174610/000207169126009189/0002071691-26-009189-index.htm>

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