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        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
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        <hasLineOfCredit>N</hasLineOfCredit>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
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            <assetClassType>Real estate</assetClassType>
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      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
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        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <transferAgentName>SS&amp;C GIDS, Inc.</transferAgentName>
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          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
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        </custodians>
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          <shareholderServicingAgent>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>SS&amp;C GIDS, Inc.</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MO" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Apex Fund Services</adminName>
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            <adminStateCountry adminState="US-ME" adminCountry="US"/>
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          <admin>
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            <idNumberDesc>SEC File Number</idNumberDesc>
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        <brokers>
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          <broker>
            <brokerName>STIFEL, NICOLAUS &amp; COMPANY, INCORPORATED</brokerName>
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          <broker>
            <brokerName>ROBERT W. BAIRD &amp; CO. INCORPORATED</brokerName>
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            <brokerStateCountry brokerState="US-WI" brokerCountry="US"/>
            <grossCommission>279.64000000</grossCommission>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO. LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>77.76000000</grossCommission>
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          <broker>
            <brokerName>RBC CAPITAL MARKETS, LLC</brokerName>
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            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>204.32000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>17233.92000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>32678568.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>ICE Data Pricing &amp; Reference Data, LLC</liquidityName>
            <liquidityLei>5493000NQ9LYLDBCTL34</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-DE"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Equity-common</assetClassType>
            <assetClassType>Real estate</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <signature registrantSignedName="Tributary Funds, Inc." signedDate="2026-06-10" signature="Karen Shaw" title="Treasurer"/>
  </formData>
</edgarSubmission>
