Buffalo Dividend Focus Fund
Fund
BUFDX
Price as of:
$28.83
- $0.03
- 0.10%
Primary Theme
fund company
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
19.7%
3 Yr Avg Return
8.3%
5 Yr Avg Return
12.7%
Net Assets
$155 M
Holdings in Top 10
33.6%
52 WEEK LOW AND HIGH
$28.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BUFDX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return 8.3%
- 5 Yr Annualized Total Return 12.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.22%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameBuffalo Dividend Focus Fund
-
Fund Family NameBuffalo
-
Inception DateDec 03, 2012
-
Shares Outstanding1197062
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Dlugosch
Fund Description
To pursue its investment objective, the Dividend Focus Fund invests in dividend-paying equity securities, consisting of common stocks, preferred stocks, rights, warrants and convertible securities. During normal market conditions, at least 80% of the Fund’s assets will be invested in dividend-paying equity securities. The Fund considers “dividend-paying equity securities” to be securities of companies that declare and pay cash dividends, or interest in the case of convertible securities, on at least an annual basis. The Fund may invest in companies in any sector and of any size of market capitalization; provided, however, that Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), believes that an investment in the company’s securities is consistent with the Fund’s investment objectives. While the Fund may invest in securities of companies of any size, the Adviser expects that the majority of common stocks purchased for the Fund will be of large-cap companies. The Fund considers large-cap companies to be
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those with market capitalizations in excess of $10 billion at the time of initial purchase. In addition to investments in domestic securities, the Fund may invest up to 20% of its net assets in sponsored or unsponsored American Depositary Receipts (“ADRs”) and securities of foreign companies that are traded on U.S. stock exchanges.
The Adviser emphasizes dividend-paying securities that have exhibited historical growth of dividends. The Adviser may sell the Fund’s investments to secure gains, limit losses or reinvest in more promising investment opportunities.
BUFDX - Performance
Return Ranking - Trailing
| Period | BUFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -47.2% | 13.8% | 60.96% |
| 1 Yr | 19.7% | -38.4% | 44.8% | 68.66% |
| 3 Yr | 8.3%* | -15.0% | 26.9% | 18.44% |
| 5 Yr | 12.7%* | -8.9% | 106.7% | 39.86% |
| 10 Yr | 11.7%* | 0.2% | 20.6% | 33.25% |
* Annualized
Return Ranking - Calendar
| Period | BUFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.6% | -42.6% | 47.4% | 55.67% |
| 2022 | -11.0% | -56.3% | -4.2% | 2.40% |
| 2021 | 18.8% | -27.2% | 53.7% | 42.95% |
| 2020 | 15.9% | -36.2% | 2181.7% | 28.96% |
| 2019 | 26.2% | -22.7% | 40.4% | 32.30% |
Total Return Ranking - Trailing
| Period | BUFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -47.2% | 13.8% | 60.96% |
| 1 Yr | 19.7% | -38.4% | 44.8% | 68.66% |
| 3 Yr | 8.3%* | -15.0% | 26.9% | 18.44% |
| 5 Yr | 12.7%* | -8.9% | 106.7% | 39.86% |
| 10 Yr | 11.7%* | 0.2% | 20.6% | 33.25% |
* Annualized
Total Return Ranking - Calendar
| Period | BUFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.1% | -5.0% | 47.4% | 71.01% |
| 2022 | -8.8% | -36.8% | -2.2% | 6.81% |
| 2021 | 21.0% | 3.0% | 124.3% | 90.63% |
| 2020 | 16.6% | -15.8% | 2266.0% | 53.18% |
| 2019 | 27.7% | -0.4% | 241.3% | 72.40% |
NAV & Total Return History
BUFDX - Holdings
Concentration Analysis
| BUFDX | Category Low | Category High | BUFDX % Rank | |
|---|---|---|---|---|
| Net Assets | 155 M | 2.34 M | 1.55 T | 83.20% |
| Number of Holdings | 92 | 1 | 4053 | 55.57% |
| Net Assets in Top 10 | 48 M | 885 K | 387 B | 85.24% |
| Weighting of Top 10 | 33.59% | 0.3% | 112.0% | 51.38% |
Top 10 Holdings
- Fidelity Government Portfolio 7.45%
- Microsoft Corp 4.91%
- Apple Inc 4.19%
- Meta Platforms Inc 3.29%
- Viper Energy Inc 3.29%
- Visa Inc 2.36%
- SP Global Inc 2.20%
- UnitedHealth Group Inc 2.06%
- Burford Capital Ltd 1.97%
- Royal Caribbean Cruises Ltd 1.87%
Asset Allocation
| Weighting | Return Low | Return High | BUFDX % Rank | |
|---|---|---|---|---|
| Stocks | 85.98% | 0.00% | 124.03% | 97.41% |
| Cash | 7.76% | 0.00% | 99.06% | 4.24% |
| Bonds | 6.00% | -0.50% | 93.78% | 1.73% |
| Convertible Bonds | 4.89% | 0.00% | 5.54% | 0.24% |
| Preferred Stocks | 0.26% | 0.00% | 2.38% | 1.57% |
| Other | 0.00% | -13.91% | 100.00% | 56.44% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUFDX % Rank | |
|---|---|---|---|---|
| Healthcare | 20.23% | 0.00% | 60.70% | 6.63% |
| Financial Services | 19.79% | 0.00% | 55.59% | 8.15% |
| Technology | 14.72% | 0.00% | 48.94% | 91.37% |
| Energy | 11.34% | 0.00% | 41.64% | 2.40% |
| Communication Services | 7.56% | 0.00% | 27.94% | 63.82% |
| Industrials | 6.35% | 0.00% | 29.90% | 93.13% |
| Utilities | 5.50% | 0.00% | 20.91% | 7.27% |
| Consumer Cyclical | 4.87% | 0.00% | 30.33% | 93.53% |
| Consumer Defense | 4.31% | 0.00% | 47.71% | 90.58% |
| Real Estate | 3.06% | 0.00% | 31.91% | 36.74% |
| Basic Materials | 2.28% | 0.00% | 25.70% | 71.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUFDX % Rank | |
|---|---|---|---|---|
| US | 85.98% | 0.00% | 124.03% | 94.03% |
| Non US | 0.00% | 0.00% | 62.81% | 42.31% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BUFDX % Rank | |
|---|---|---|---|---|
| Corporate | 42.63% | 0.00% | 100.00% | 1.23% |
| Cash & Equivalents | 7.45% | 0.00% | 100.00% | 9.20% |
| Derivative | 0.00% | -3.07% | 18.04% | 49.37% |
| Securitized | 0.00% | 0.00% | 52.16% | 25.33% |
| Municipal | 0.00% | 0.00% | 2.10% | 24.59% |
| Government | 0.00% | 0.00% | 100.00% | 27.63% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BUFDX % Rank | |
|---|---|---|---|---|
| US | 6.00% | -0.50% | 93.78% | 1.73% |
| Non US | 0.00% | 0.00% | 10.46% | 24.10% |
BUFDX - Expenses
Operational Fees
| BUFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.01% | 16.07% | 39.26% |
| Management Fee | 0.75% | 0.00% | 1.89% | 86.75% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| BUFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BUFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 12.23% |
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.
| BUFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.00% | 496.00% | 7.30% |
BUFDX - Distributions
Dividend Yield Analysis
| BUFDX | Category Low | Category High | BUFDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.16% | 0.00% | 25.84% | 45.79% |
Dividend Distribution Analysis
| BUFDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| BUFDX | Category Low | Category High | BUFDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.22% | -54.00% | 6.06% | 99.60% |
Capital Gain Distribution Analysis
| BUFDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 19, 2024 | $0.055 | OrdinaryDividend |
| Dec 19, 2023 | $0.156 | OrdinaryDividend |
| Sep 19, 2023 | $0.060 | OrdinaryDividend |
| Jun 21, 2023 | $0.137 | OrdinaryDividend |
| Mar 20, 2023 | $0.060 | OrdinaryDividend |
| Dec 20, 2022 | $0.059 | OrdinaryDividend |
| Sep 20, 2022 | $0.052 | OrdinaryDividend |
| Jun 21, 2022 | $0.061 | OrdinaryDividend |
| Mar 18, 2022 | $0.054 | OrdinaryDividend |
| Dec 20, 2021 | $0.028 | OrdinaryDividend |
| Sep 20, 2021 | $0.031 | OrdinaryDividend |
| Jun 18, 2021 | $0.029 | OrdinaryDividend |
| Mar 18, 2021 | $0.051 | OrdinaryDividend |
| Dec 18, 2020 | $0.009 | OrdinaryDividend |
| Sep 18, 2020 | $0.032 | OrdinaryDividend |
| Jun 18, 2020 | $0.030 | OrdinaryDividend |
| Mar 18, 2020 | $0.031 | OrdinaryDividend |
| Dec 18, 2019 | $0.042 | OrdinaryDividend |
| Sep 18, 2019 | $0.047 | OrdinaryDividend |
| Jun 18, 2019 | $0.066 | OrdinaryDividend |
| Mar 19, 2019 | $0.052 | OrdinaryDividend |
| Sep 18, 2018 | $0.055 | OrdinaryDividend |
| Jun 19, 2018 | $0.058 | OrdinaryDividend |
| Mar 20, 2018 | $0.044 | OrdinaryDividend |
| Sep 19, 2017 | $0.051 | OrdinaryDividend |
| Jun 20, 2017 | $0.044 | OrdinaryDividend |
| Mar 20, 2017 | $0.047 | OrdinaryDividend |
| Sep 20, 2016 | $0.045 | OrdinaryDividend |
| Jun 20, 2016 | $0.044 | OrdinaryDividend |
| Mar 18, 2016 | $0.049 | OrdinaryDividend |
| Sep 18, 2015 | $0.038 | OrdinaryDividend |
| Jun 18, 2015 | $0.041 | OrdinaryDividend |
| Mar 18, 2015 | $0.042 | OrdinaryDividend |
| Sep 18, 2014 | $0.024 | OrdinaryDividend |
| Jun 18, 2014 | $0.035 | OrdinaryDividend |
| Mar 18, 2014 | $0.037 | OrdinaryDividend |
| Sep 18, 2013 | $0.040 | OrdinaryDividend |
| Jun 18, 2013 | $0.040 | OrdinaryDividend |
| Mar 19, 2013 | $0.015 | OrdinaryDividend |
BUFDX - Fund Manager Analysis
Managers
Paul Dlugosch
Start Date
Tenure
Tenure Rank
Mar 13, 2013
9.22
9.2%
Paul Dlugosch, CFA, Co-Portfolio Manager. Mr. Dlugosch has been an investment professional since 1997 and joined KCM in 2002. Previously, Mr. Dlugosch worked at Antares Capital Corporation and LaSalle National Bank in Chicago, Illinois. Mr. Dlugosch holds the Chartered Financial Analyst designation. He holds a B.S. in Business Administration from the University of Iowa.
Jeffrey Sitzmann
Start Date
Tenure
Tenure Rank
Jul 27, 2018
3.85
3.9%
Mr. Sitzmann has been an investment professional since 1987 and joined KCM in 2002. Previously, Mr. Sitzmann worked as a Senior Investment Analyst at Banc One Investment Advisors. Mr. Sitzmann holds a B.B.A. from the University of Toledo and an M.B.A. from the University of Chicago. He also holds the Chartered Financial Analyst designation.
Jeffrey Deardorff
Start Date
Tenure
Tenure Rank
Jul 27, 2018
3.85
3.9%
Jeff K. Deardorff, CFA, Co-Portfolio Manager. Mr. Deardorff has been an investment professional since 1997 and joined KCM in 2002. Previously, Mr. Deardorff worked as an equity arbitrage and money markets trader for Koch Industries. He holds a B.S. in Business Administration from Kansas State University. Mr. Deardorff has served as co-portfolio manager of the High Yield Fund since 2015 and the Dividend Focus Fund since July 2018.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.23 | 2.42 |