BUIBX: Buffalo Flexible Income Fund

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BUIBX Buffalo Flexible Income Fund

  • Fund
  • BUIBX
  • Price as of: Oct 15, 2019
  • $15.20 + $0.05 + 0.33%

BUIBX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 7.6%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $582 M
  • Holdings in Top 10 29.3%

52 WEEK LOW AND HIGH

$15.20
$14.50
$15.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 6.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Buffalo Flexible Income Fund
  • Fund Family Name Buffalo
  • Inception Date Jul 01, 2019
  • Shares Outstanding 11231421
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager John C. Kornitzer

Fund Description

The fund invests in both debt and equity securities. It is anticipated that the dollar-weighted average maturity of debt securities that the fund purchases will not exceed 15 years. With respect to its investments in equity securities, the fund may invest in companies in any sector and of any size of market capitalization. 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 and U.S. over-the-counter markets.

BUIBX - Performance

Return Ranking - Trailing

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -22.2% 50.4% N/A
1 Yr 0.1% -45.0% 12.8% 30.86%
3 Yr 7.6%* -18.0% 26.7% 14.14%
5 Yr 4.9%* -25.6% 23.6% 16.44%
10 Yr 8.2%* -5.8% 26.9% 29.69%

* Annualized


Return Ranking - Calendar

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -35.0% 4.6% N/A
2017 N/A -25.3% 49.9% N/A
2016 N/A -22.0% 47.9% N/A
2015 N/A -65.1% 127.1% N/A
2014 N/A -12.0% 31.7% N/A

Total Return Ranking - Trailing

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -22.2% 50.4% N/A
1 Yr 0.1% -33.4% 12.8% 35.01%
3 Yr 7.6%* -18.0% 26.7% 18.62%
5 Yr 4.9%* -24.6% 23.6% 25.57%
10 Yr 8.2%* -5.8% 26.9% 35.94%

* Annualized


Total Return Ranking - Calendar

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -31.5% 8.2% N/A
2017 N/A -25.3% 49.9% N/A
2016 N/A -22.0% 65.5% N/A
2015 N/A -65.1% 127.1% N/A
2014 N/A -8.8% 31.7% N/A

NAV & Total Return History

BUIBX - Holdings

Concentration Analysis

BUIBX Category Low Category High BUIBX % Rank
Net Assets 582 M 1.07 M 8.01 B 27.17%
Number of Holdings 80 6 2019 39.55%
Net Assets in Top 10 176 M -877 M 2.4 B 32.59%
Weighting of Top 10 29.29% 10.8% 461.9% 79.94%

Top 10 Holdings

  1. Boeing Co 4.25%

  2. Microsoft Corp 4.02%

  3. Chevron Corp 3.11%

  4. Johnson & Johnson 3.02%

  5. BB&T Corp 2.63%

  6. BP PLC ADR 2.54%

  7. Waste Management Inc 2.50%

  8. Clorox Co 2.42%

  9. GlaxoSmithKline PLC ADR 2.40%

  10. Intel Corp 2.39%


Asset Allocation

Weighting Return Low Return High BUIBX % Rank
Stocks
90.53% 80.39% 259.25% 86.35%
Cash
5.40% -39.89% 36.18% 18.38%
Bonds
2.37% -234.98% 40.78% 9.19%
Convertible Bonds
1.70% -0.03% 3.03% 2.23%
Preferred Stocks
0.00% -5.47% 7.20% 33.43%
Other
0.00% -47.42% 39.52% 38.44%

Stock Sector Breakdown

Weighting Return Low Return High BUIBX % Rank
Energy
23.71% -0.45% 152.81% 28.73%
Consumer Defense
17.50% -12.43% 30.80% 3.94%
Healthcare
12.84% 0.00% 28.15% 27.32%
Technology
10.67% 0.00% 60.24% 58.59%
Industrials
8.15% -7.48% 48.09% 49.30%
Financial Services
6.67% 0.00% 91.88% 62.25%
Communication Services
4.52% -0.85% 11.49% 11.55%
Real Estate
2.58% -2.38% 84.46% 38.03%
Consumer Cyclical
1.98% 0.00% 31.33% 66.76%
Basic Materials
1.97% -1.05% 15.55% 49.01%
Utilities
0.00% -10.13% 35.22% 82.25%

Stock Geographic Breakdown

Weighting Return Low Return High BUIBX % Rank
US
82.13% 80.26% 151.48% 93.87%
Non US
8.40% -2.30% 159.65% 20.06%

Bond Sector Breakdown

Weighting Return Low Return High BUIBX % Rank
Cash & Equivalents
5.40% -39.89% 34.50% 18.54%
Corporate
4.07% -36.02% 15.03% 9.83%
Derivative
0.00% 0.00% 15.64% 31.46%
Securitized
0.00% 0.00% 53.71% 30.34%
Municipal
0.00% 0.00% 0.42% 32.58%
Government
0.00% -242.10% 40.78% 31.46%

Bond Geographic Breakdown

Weighting Return Low Return High BUIBX % Rank
US
2.37% -262.85% 40.78% 8.64%
Non US
0.00% -0.45% 27.87% 34.54%

BUIBX - Expenses

Operational Fees

BUIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A -2.86% 37.17% N/A
Management Fee 0.85% 0.00% 2.64% 33.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

BUIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 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

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.

BUIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 5155.00% 8.78%

BUIBX - Distributions

Dividend Yield Analysis

BUIBX Category Low Category High BUIBX % Rank
Dividend Yield 0.40% 0.00% 79.01% 59.89%

Dividend Distribution Analysis

BUIBX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

BUIBX Category Low Category High BUIBX % Rank
Net Income Ratio N/A -7.28% 9.57% N/A

Capital Gain Distribution Analysis

BUIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

BUIBX - Managers

John C. Kornitzer

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2003

16.76

16.8%

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

Manager

Start Date

Tenure

Tenure Rank

May 31, 2011

8.34

8.3%

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

0.34

Category High

41.28

Category Average

5.7

Category Mode

9.51