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BUFTX Buffalo Discovery

  • Fund
  • BUFTX
  • Price as of: Dec 01, 2016
  • $20.39
  • - $0.27
  • - 1.31%
  • Category
  • Mid Cap Growth Equities

BUFTX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 8.3%
  • 5 Yr Annualized Return 13.8%
  • Net Assets $1.12 B
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

$20.39
$17.03
$21.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$250

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 13.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Buffalo Discovery Fund
  • Fund Family Name Buffalo
  • Inception Date Apr 16, 2001
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Clay Brethour

Fund Description

The fund principally invests in equity securities, consisting of domestic common stock, preferred stock, convertible securities, warrants and rights of companies whose securities may increase in value due to the development, advancement or commercial application of innovative strategies. The fund's investments in equity securities will consist primarily of domestic securities, it may invest up to 20% of its net assets in sponsored or unsponsored ADRs and securities of foreign companies that are traded on U.S. stock exchanges.

BUFTX - Performance

Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -59.7% 26.3% 43.22% 3
1 Yr 4.3% -63.0% 32.0% 9.72% 1
3 Yr 8.3% * -47.9% 28.7% 5.13% 1
5 Yr 13.8% * -27.8% 20.5% 4.82% 1
10 Yr 9.7% * -15.1% 11.7% 2.43% 1

* Annualized


Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.9% -82.5% 12.2% 18.22% 2
2014 0.3% -40.7% 17.9% 30.35% 2
2013 26.8% -27.0% 200.0% 47.91% 3
2012 11.2% -11.3% 26.4% 46.30% 3
2011 -7.2% -41.3% 11.1% 56.38% 3

Total Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -59.7% 26.3% 49.39% 3
1 Yr 4.3% -51.4% 876.4% 8.56% 1
3 Yr 8.3% * -23.6% 45.5% 4.82% 1
5 Yr 13.8% * -9.2% 114.4% 4.65% 1
10 Yr 9.7% * -4.1% 53.5% 2.43% 1

* Annualized


Total Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 6.0% -48.4% 19.2% 6.42% 1
2014 12.9% -23.5% 141.0% 19.27% 1
2013 53.6% -22.5% 561.9% 40.04% 2
2012 35.6% -11.3% 4114.7% 14.76% 1
2011 -1.4% -100.0% 19.2% 27.56% 2

NAV & Total Return History

BUFTX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

BUFTX Category Low Category High BUFTX % Rank Quintile
Net Assets 1.12 B 281 K 24.1 B 11.44% 3
Number of Holdings 80 3 2320 9.51% 3
Net Assets in Top 10 212 M 84.9 K 4.23 B 11.74% 3
Weighting of Top 10 18.5% 6.0% 125.8% 27.19% 4

Top 10 Holdings

  1. Alphabet Inc A 2.51%
  2. Cerner Corp 1.78%
  3. S&P Global Inc 1.72%
  4. Cepheid 1.93%
  5. IHS Markit Ltd A 1.85%
  6. Garmin Ltd 1.77%
  7. Facebook Inc A 1.74%
  8. Harman International Industries Inc 1.73%
  9. Republic Services Inc Class A 1.71%
  10. Align Technology Inc 1.71%

Asset Allocation

Weighting Category Low Category High BUFTX % Rank Quintile
Stocks
94.16% 15.06% 136.15% 22.59% 5
Cash
5.84% -36.35% 42.87% 5.94% 1
Other
0.00% -10.78% 79.22% 10.10% 5
Convertible Bonds
0.00% 0.00% 2.74% 1.49% 5
Preferred Stocks
0.00% 0.00% 3.77% 2.23% 5
Bonds
0.00% 0.00% 56.94% 2.97% 5

Stock Sector Breakdown

Weighting Category Low Category High BUFTX % Rank Quintile
Technology
28.98% 1.83% 48.63% 4.01% 1
Industrials
18.93% 0.00% 37.54% 12.78% 2
Healthcare
15.41% 0.00% 37.20% 13.22% 3
Consumer Cyclical
13.09% 0.00% 48.63% 26.30% 5
Financial Services
6.12% 0.00% 29.03% 20.06% 4
Basic Materials
5.68% -0.02% 13.50% 4.61% 1
Energy
1.93% 0.00% 12.96% 18.13% 3
Consumer Defense
1.79% -0.02% 69.40% 27.19% 5
Real Estate
1.56% 0.00% 31.71% 20.06% 4
Communication Services
0.66% 0.00% 16.37% 15.90% 3
Utilities
0.00% -0.02% 12.31% 8.62% 5

Stock Geographic Breakdown

Weighting Category Low Category High BUFTX % Rank Quintile
US
93.04% 14.94% 127.92% 17.68% 4
Non US
1.12% 0.00% 26.42% 22.59% 4

BUFTX - Expenses

Operational Fees

BUFTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.08% 111.05% 23.99% 2
Management Fee 1.00% 0.05% 1.50% 0.89% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 25000.00% N/A N/A

Sales Fees

BUFTX Fees (% of AUM) Category Low Category High BUFTX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

BUFTX Fees (% of AUM) Category Low Category High BUFTX Rank Quintile
Max Redemption Fee 2.00% 0.05% 2.00% 1.16% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BUFTX Fees (% of AUM) Category Low Category High BUFTX Rank Quintile
Turnover 59.00% 0.00% 687.00% 11.77% 3

BUFTX - Distributions

Dividend Yield Analysis

BUFTX Category Low Category High BUFTX % Rank Quintile
Dividend Yield 0.0% 0.00% 5.39% 60.89% 4

Dividend Distribution Analysis

BUFTX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BUFTX Category Low Category High BUFTX % Rank Quintile
Net Income Ratio -0.18% -2.29% 1.79% 13.26% 2

Capital Gain Distribution Analysis

BUFTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

BUFTX - Managers

Clay Brethour

Manager

Start Date

Jan 01, 2004

Tenure

12.84

Tenure Rank

3.8%

Mr. Brethour is a portfolio manager and partner of Kornitzer Capital Management (KCM), his employer since 2000. Mr. Brethour has been an investment professional since 1992. Prior to joining KCM, he was an equity research analyst with Security Benefit Group and Dain Rausher Wessell. Mr. Brethour holds the Chartered Financial Analyst designation.


Dave Carlsen

Manager

Start Date

Jan 01, 2004

Tenure

12.84

Tenure Rank

3.8%

Mr. Carlsen is a portfolio manager and partner of Kornitzer Capital Management (KCM), his employer since 2004. Mr. Carlsen was formerly a senior equity research analyst at Strong Capital Management, Inc. in Milwaukee, Wisconsin and an investment analyst and operations manager with Northern Capital Management Inc. in Madison, Wisconsin. Mr. Carlsen holds a B.B.A. in Finance, Investments and Banking from the University of Wisconsin-Madison.. Mr. Carlsen holds the Chartered Financial Analyst designation.


Elizabeth Jones

Manager

Start Date

Jan 01, 2004

Tenure

12.84

Tenure Rank

3.8%

Elizabeth Jones, MD, CFA, is a portfolio manager with Kornitzer Capital Management (KCM), her employer since 2003. Dr. Jones has been an investment professional since 2002. Prior to joining KCM, she was a research analyst with Bank of America Capital Management. She was also a practicing M.D. for over 8 years from 1992-2001. Dr. Jones received a B.S. from Georgetown University, an M.D. from Vanderbilt University, and an M.B.A. from Arizona State University. Dr. Jones holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

30.7

Category Average

7.16

Category Mode

4.8