Buffalo Flexible Income Fund
Fund
BUIBX
Price as of:
$18.46
- $0.08
- 0.43%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
0.4%
3 Yr Avg Return
5.0%
5 Yr Avg Return
N/A
Net Assets
$501 M
Holdings in Top 10
38.2%
52 WEEK LOW AND HIGH
$18.5
$16.56
$19.53
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
$250,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BUIBX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.60%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBuffalo Flexible Income Fund
-
Fund Family NameBuffalo
-
Inception DateJul 01, 2019
-
Shares Outstanding9291575
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Kornitzer
Fund Description
To pursue its investment objectives, the Flexible Income Fund invests in both equity and debt securities. The allocation of assets invested in each type of security is designed to balance income and long-term capital appreciation with reduced volatility of returns. The Flexible Income Fund expects to change its allocation mix over time based on Kornitzer Capital Management, Inc.’s, the Fund’s investment advisor (the “Advisor” or “KCM”), view of economic conditions and underlying security values. The Fund retains the freedom to invest up to 100% of its net assets in equity securities or up to 100% of its net assets in debt securities. Equity securities can include common stocks, preferred stocks, rights, warrants and convertible preferred stocks. With respect to its investments in equity securities, the Flexible Income Fund may invest in companies in any sector and of any size of market capitalization; provided, however, that the Advisor believes that an investment in the company’s securities is consistent with the Fund’s investment objectives. 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 and U.S. over-the-counter markets.
Read More
Debt securities can include government notes and bonds, mortgage and asset backed securities, bank debt, convertible debt securities, fixed and floating rate corporate debt securities, both rated and unrated, and higher-yielding, higher-risk debt securities rated below investment grade by the major rating agencies (or in similar unrated securities), commonly known as “junk bonds.” The Fund maintains a flexible investment policy which allows it to invest in debt securities with varying maturities. However, it is anticipated that the dollar-weighted average maturity of debt securities that the Fund purchases will not exceed 15 years.
With respect to equity securities, the Advisor emphasizes dividend-paying stocks that over time have exhibited consistent growth of dividends. The Advisor may sell the Flexible Income Fund’s investments to secure gains, limit losses or reinvest in more promising investment opportunities.
With respect to debt securities, the Advisor performs extensive fundamental investment research to identify investment opportunities for the Flexible Income Fund. When evaluating investments and the credit quality of rated and unrated securities, the Advisor looks at a number of past, present and estimated future factors, including: (1) financial strength of the issuer; (2) cash flow; (3) management; (4) borrowing requirements; (5) sensitivity to changes in interest rates and business conditions; and (6) relative value. The Flexible Income Fund relies on the Advisor to undertake a careful analysis to determine the creditworthiness of the issuers of rated debt (on debt ratings by Moody’s Investors Service, Inc., (“Moody’s) or S&P Global Ratings, (“S&P”)), as well as the issuers of debt not rated by Moody’s or S&P. The Fund will not purchase a debt security that is rated less than Caa/CCC by Moody’s or S&P, respectively, and will only purchase an unrated debt security if the Advisor believes that the security is of at least B quality, subject to a limitation that the Fund may not hold more than 20% of its net assets in debt securities that are rated less than B or that are unrated debt securities of similar quality, based on the Advisor’s fundamental analysis of the issuer and of rated bonds issued by similar issuers. The Fund has no limitations on principal, interest or reset terms on debt securities held in the Fund.
BUIBX - Performance
Return Ranking - Trailing
| Period | BUIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -21.2% | 27.4% | 93.13% |
| 1 Yr | 0.4% | -62.1% | 51.5% | 10.54% |
| 3 Yr | 5.0%* | -24.9% | 59.1% | 24.38% |
| 5 Yr | N/A* | -16.7% | 31.0% | 56.44% |
| 10 Yr | N/A* | -16.3% | 14.7% | 99.02% |
* Annualized
Return Ranking - Calendar
| Period | BUIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -0.1% | -65.1% | 38.0% | 5.48% |
| 2021 | 10.8% | -25.3% | 29.0% | 20.05% |
| 2020 | -1.9% | -8.4% | 56.7% | 87.52% |
| 2019 | N/A | -24.3% | 10.4% | N/A |
| 2018 | N/A | -9.4% | 21.9% | N/A |
Total Return Ranking - Trailing
| Period | BUIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -21.2% | 27.4% | 92.81% |
| 1 Yr | 0.4% | -62.1% | 61.5% | 12.41% |
| 3 Yr | 5.0%* | -24.9% | 59.1% | 26.21% |
| 5 Yr | N/A* | -15.7% | 34.1% | 54.05% |
| 10 Yr | N/A* | -3.3% | 21.5% | 98.65% |
* Annualized
Total Return Ranking - Calendar
| Period | BUIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -0.1% | -65.1% | 38.0% | 5.48% |
| 2021 | 10.8% | -25.3% | 29.0% | 20.05% |
| 2020 | -1.9% | -8.4% | 56.7% | 87.52% |
| 2019 | N/A | -24.3% | 10.4% | N/A |
| 2018 | N/A | -8.9% | 21.9% | N/A |
NAV & Total Return History
BUIBX - Holdings
Concentration Analysis
| BUIBX | Category Low | Category High | BUIBX % Rank | |
|---|---|---|---|---|
| Net Assets | 501 M | 390 K | 151 B | 59.43% |
| Number of Holdings | 67 | 2 | 1727 | 60.59% |
| Net Assets in Top 10 | 187 M | 2.1 K | 32.3 B | 52.17% |
| Weighting of Top 10 | 38.24% | 2.8% | 99.2% | 16.26% |
Top 10 Holdings
- Microsoft Corp 8.50%
- Chevron Corp 4.16%
- Hess Corp 3.61%
- ConocoPhillips 3.58%
- Costco Wholesale Corp 3.53%
- APA Corp 3.38%
- Digital Realty Trust Inc 3.24%
- Verizon Communications Inc 3.12%
- Nuance Communications, Inc. 1.5% 3.12%
- Eli Lilly and Co 3.04%
Asset Allocation
| Weighting | Return Low | Return High | BUIBX % Rank | |
|---|---|---|---|---|
| Stocks | 97.22% | 10.06% | 125.26% | 71.85% |
| Cash | 2.77% | -88.20% | 89.94% | 25.10% |
| Preferred Stocks | 0.00% | 0.00% | 19.30% | 46.38% |
| Other | 0.00% | -2.02% | 26.80% | 41.80% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 43.02% |
| Bonds | 0.00% | 0.00% | 80.18% | 44.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUIBX % Rank | |
|---|---|---|---|---|
| Energy | 25.47% | 0.00% | 54.00% | 0.92% |
| Consumer Defense | 19.14% | 0.00% | 34.10% | 2.83% |
| Technology | 17.39% | 0.00% | 54.02% | 12.02% |
| Healthcare | 17.05% | 0.00% | 35.26% | 54.29% |
| Financial Services | 7.60% | 0.00% | 58.05% | 98.70% |
| Communication Services | 4.79% | 0.00% | 26.58% | 63.25% |
| Basic Materials | 3.20% | 0.00% | 21.69% | 56.13% |
| Industrials | 2.82% | 0.00% | 42.76% | 97.78% |
| Real Estate | 2.54% | 0.00% | 90.54% | 52.60% |
| Utilities | 0.00% | 0.00% | 27.04% | 92.57% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 99.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUIBX % Rank | |
|---|---|---|---|---|
| US | 94.03% | 9.63% | 121.23% | 48.82% |
| Non US | 3.19% | 0.00% | 45.02% | 55.07% |
BUIBX - Expenses
Operational Fees
| BUIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.01% | 4.02% | 45.67% |
| Management Fee | 0.85% | 0.00% | 1.50% | 93.61% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| BUIBX 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 | 0.95% | 5.50% | N/A |
Trading Fees
| BUIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| BUIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.00% | 488.00% | 1.78% |
BUIBX - Distributions
Dividend Yield Analysis
| BUIBX | Category Low | Category High | BUIBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.10% | 0.00% | 41.33% | 16.59% |
Dividend Distribution Analysis
| BUIBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| BUIBX | Category Low | Category High | BUIBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.60% | -1.51% | 4.28% | 36.28% |
Capital Gain Distribution Analysis
| BUIBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2022 | $0.061 | OrdinaryDividend |
| Nov 18, 2022 | $0.042 | OrdinaryDividend |
| Oct 18, 2022 | $0.016 | OrdinaryDividend |
| Sep 20, 2022 | $0.040 | OrdinaryDividend |
| Aug 18, 2022 | $0.036 | OrdinaryDividend |
| Jul 19, 2022 | $0.009 | OrdinaryDividend |
| Jun 21, 2022 | $0.046 | OrdinaryDividend |
| May 18, 2022 | $0.027 | OrdinaryDividend |
| Apr 19, 2022 | $0.007 | OrdinaryDividend |
| Mar 18, 2022 | $0.011 | OrdinaryDividend |
| Feb 18, 2022 | $0.018 | OrdinaryDividend |
| Jan 19, 2022 | $0.017 | OrdinaryDividend |
| Dec 20, 2021 | $0.063 | OrdinaryDividend |
| Nov 18, 2021 | $0.035 | OrdinaryDividend |
| Oct 19, 2021 | $0.008 | OrdinaryDividend |
| Sep 20, 2021 | $0.040 | OrdinaryDividend |
| Aug 18, 2021 | $0.037 | OrdinaryDividend |
| Jul 20, 2021 | $0.008 | OrdinaryDividend |
| Jun 18, 2021 | $0.042 | OrdinaryDividend |
| May 18, 2021 | $0.026 | OrdinaryDividend |
| Apr 20, 2021 | $0.011 | OrdinaryDividend |
| Mar 18, 2021 | $0.042 | OrdinaryDividend |
| Feb 18, 2021 | $0.034 | OrdinaryDividend |
| Jan 20, 2021 | $0.012 | OrdinaryDividend |
| Nov 18, 2020 | $0.035 | OrdinaryDividend |
| Oct 20, 2020 | $0.013 | OrdinaryDividend |
| Sep 18, 2020 | $0.033 | OrdinaryDividend |
| Aug 18, 2020 | $0.032 | OrdinaryDividend |
| Jul 20, 2020 | $0.014 | OrdinaryDividend |
| Jun 18, 2020 | $0.031 | OrdinaryDividend |
| May 19, 2020 | $0.037 | OrdinaryDividend |
| Apr 20, 2020 | $0.005 | OrdinaryDividend |
| Mar 18, 2020 | $0.029 | OrdinaryDividend |
| Feb 19, 2020 | $0.022 | OrdinaryDividend |
| Jan 21, 2020 | $0.020 | OrdinaryDividend |
| Nov 19, 2019 | $0.037 | OrdinaryDividend |
| Oct 18, 2019 | $0.013 | OrdinaryDividend |
| Sep 18, 2019 | $0.021 | OrdinaryDividend |
| Aug 20, 2019 | $0.052 | OrdinaryDividend |
| Jul 18, 2019 | $0.009 | OrdinaryDividend |
BUIBX - Fund Manager Analysis
Managers
John Kornitzer
Start Date
Tenure
Tenure Rank
Jan 01, 2003
19.42
19.4%
Mr. Kornitzer is the president and chief investment officer of KCM, and has been an investment professional since 1968. He served as investment manager at several Fortune 500 companies prior to founding KCM in 1989. Mr. Kornitzer received his degree in Business Administration from St. Francis College in Pennsylvania.
Paul Dlugosch
Start Date
Tenure
Tenure Rank
May 31, 2011
11.01
11.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.88 | 16.42 |