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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$18.46

$501 M

1.10%

$0.20

0.86%

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

$18.46

$501 M

1.10%

$0.20

0.86%

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%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Buffalo Flexible Income Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Jul 01, 2019
  • Shares Outstanding
    9291575
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John 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.
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.
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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

  1. Microsoft Corp 8.50%
  2. Chevron Corp 4.16%
  3. Hess Corp 3.61%
  4. ConocoPhillips 3.58%
  5. Costco Wholesale Corp 3.53%
  6. APA Corp 3.38%
  7. Digital Realty Trust Inc 3.24%
  8. Verizon Communications Inc 3.12%
  9. Nuance Communications, Inc. 1.5% 3.12%
  10. 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

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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