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BUFTX Buffalo Discovery

  • Fund
  • BUFTX
  • Price as of: May 21, 2019
  • $25.72 + $0.26 + 1.02%
  • Category
  • Mid Cap Growth Equities

BUFTX - Profile

Vitals

  • YTD Return 21.6%
  • 3 Yr Annualized Return 10.1%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.79 B
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$25.72
$19.90
$27.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 42.00%

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 21.6%
  • 3 Yr Annualized Total Return 12.7%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.20%
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 67980499
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Clay Brethour

Fund Description

The fund principally invests in equity securities, consisting of 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. In addition to the fund's investments in 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 (%)
YTD 21.6% -22.6% 30.8% 47.44%
1 Yr 1.6% -45.4% 17.4% 26.38%
3 Yr 10.1%* -24.5% 26.1% 22.74%
5 Yr 4.8%* -28.9% 15.2% 24.55%
10 Yr 10.4%* -10.4% 18.0% 25.30%

* Annualized


Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.6% -52.1% 9.2% 32.70%
2017 19.9% -38.9% 36.0% 26.24%
2016 3.0% -61.7% 27.9% 40.70%
2015 -1.9% -82.5% 12.2% 19.96%
2014 0.3% -23.5% 17.9% 31.99%

Total Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.6% -22.6% 30.8% 47.25%
1 Yr 1.6% -45.4% 26.3% 46.87%
3 Yr 12.7%* -14.5% 27.5% 40.27%
5 Yr 10.1%* -21.6% 17.9% 24.95%
10 Yr 15.9%* -6.3% 20.7% 12.35%

* Annualized


Total Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.6% -51.7% 12.2% 52.85%
2017 25.4% -7.0% 56.2% 28.71%
2016 5.6% -61.7% 27.9% 45.93%
2015 5.6% -54.0% 12.2% 5.23%
2014 10.9% -23.5% 18.1% 13.48%

NAV & Total Return History

BUFTX - Holdings

Concentration Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Assets 1.79 B 1.44 M 32.8 B 40.23%
Number of Holdings 88 7 2229 41.56%
Net Assets in Top 10 267 M 607 K 6.08 B 48.58%
Weighting of Top 10 16.32% 6.7% 93.6% 88.80%

Top 10 Holdings

  1. The Cooper Companies Inc 1.94%

  2. Republic Services Inc Class A 1.89%

  3. Roper Technologies Inc 1.69%

  4. LKQ Corp 1.60%

  5. IQVIA Holdings Inc 1.58%

  6. Ecolab Inc 1.56%

  7. Illumina Inc 1.56%

  8. IDEXX Laboratories Inc 1.54%

  9. Garmin Ltd 1.51%

  10. MSCI Inc 1.45%


Asset Allocation

Weighting Return Low Return High BUFTX % Rank
Stocks
94.32% 5.68% 128.37% 83.11%
Cash
5.68% -28.36% 90.76% 14.99%
Preferred Stocks
0.00% 0.00% 8.95% 25.62%
Other
0.00% -9.13% 12.79% 33.59%
Convertible Bonds
0.00% 0.00% 8.41% 21.44%
Bonds
0.00% 0.00% 60.37% 22.39%

Stock Sector Breakdown

Weighting Return Low Return High BUFTX % Rank
Technology
29.44% 0.00% 64.91% 38.33%
Industrials
21.22% 0.00% 40.82% 22.20%
Healthcare
15.48% 0.00% 35.79% 41.37%
Consumer Cyclical
12.09% 1.18% 47.93% 73.62%
Basic Materials
6.86% 0.00% 13.91% 3.23%
Financial Services
5.99% 0.00% 42.38% 68.50%
Real Estate
2.32% 0.00% 41.91% 52.18%
Communication Services
0.51% 0.00% 18.08% 53.70%
Energy
0.41% 0.00% 14.77% 71.16%
Utilities
0.00% 0.00% 11.40% 44.97%
Consumer Defense
0.00% 0.00% 16.94% 91.08%

Stock Geographic Breakdown

Weighting Return Low Return High BUFTX % Rank
US
90.94% 5.51% 123.87% 70.78%
Non US
3.38% 0.00% 25.73% 44.78%

BUFTX - Expenses

Operational Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.07% 6.14% 69.07%
Management Fee 1.00% 0.06% 1.50% 90.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.72% N/A

Sales Fees

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

Trading Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.05% 2.00% 19.44%

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 Return Low Category Return High Rank in Category (%)
Turnover 42.00% 1.85% 495.00% 44.40%

BUFTX - Distributions

Dividend Yield Analysis

BUFTX Category Low Category High BUFTX % Rank
Dividend Yield 0.00% 0.00% 0.05% 33.21%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Income Ratio -0.20% -2.55% 4.79% 39.09%

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

Tenure

Tenure Rank

Jan 01, 2004

15.34

15.3%

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

Tenure

Tenure Rank

Jan 01, 2004

15.34

15.3%

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.


Tenure Analysis

Category Low

0.0

Category High

33.21

Category Average

8.53

Category Mode

8.67