BUITX: Buffalo Discovery Fund

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

BUITX Buffalo Discovery Fund


Profile

BUITX - Profile

Vitals

  • YTD Return 10.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $24.8 B
  • Holdings in Top 10 29.0%

52 WEEK LOW AND HIGH

$26.73
$17.26
$27.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 3.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    iShares S&P 500 Index Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Jul 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alan Mason

Fund Description

The fund is a "feeder" fund that invests all of its assets in the Master Portfolio of MIP, which has the same investment objective and strategies as the fund. At least 90% of the value of the fund's assets is invested in securities comprising the S&P 500 Index. The percentage of the fund's assets invested in a given stock is approximately the same as the percentage such stock represents in the S&P 500 Index.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

Performance

BUITX - Performance

Return Ranking - Trailing

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -37.3% 1980.1% 2.82%
1 Yr -0.3% -73.2% 2122.8% 71.93%
3 Yr N/A* -33.7% 190.4% 3.45%
5 Yr N/A* -21.2% 99.1% 2.44%
10 Yr N/A* -6.4% 38.7% 2.19%

* Annualized

Return Ranking - Calendar

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -72.6% 39.5% N/A
2018 N/A -67.0% 10.0% N/A
2017 N/A -32.8% 33.2% N/A
2016 N/A -18.6% 19.7% N/A
2015 N/A -35.5% 7.8% N/A

Total Return Ranking - Trailing

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -37.3% 1980.1% 2.82%
1 Yr -0.3% -73.2% 2122.8% 71.85%
3 Yr N/A* -33.7% 190.4% 5.27%
5 Yr N/A* -13.8% 99.1% 7.61%
10 Yr N/A* -4.8% 38.7% 5.46%

* Annualized

Total Return Ranking - Calendar

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -72.6% 39.5% N/A
2018 N/A -67.0% 10.0% N/A
2017 N/A -22.1% 33.2% N/A
2016 N/A -16.4% 26.8% N/A
2015 N/A -21.4% 106.5% N/A

NAV & Total Return History


Holdings

BUITX - Holdings

Concentration Analysis

BUITX Category Low Category High BUITX % Rank
Net Assets 24.8 B 1.14 K 974 B 6.00%
Number of Holdings 512 1 3529 10.93%
Net Assets in Top 10 7.35 B 48.8 K 236 B 5.84%
Weighting of Top 10 28.95% 2.3% 100.0% 67.77%

Top 10 Holdings

  1. Apple Inc 7.20%
  2. Microsoft Corp 5.85%
  3. Amazon.com Inc 4.95%
  4. Facebook Inc A 2.41%
  5. Alphabet Inc A 1.67%
  6. Alphabet Inc Class C 1.64%
  7. Berkshire Hathaway Inc Class B 1.45%
  8. Johnson & Johnson 1.38%
  9. Visa Inc Class A 1.22%
  10. Procter & Gamble Co 1.17%

Asset Allocation

Weighting Return Low Return High BUITX % Rank
Stocks
99.20% 80.83% 167.47% 45.17%
Cash
0.80% -110.24% 19.17% 49.79%
Preferred Stocks
0.00% 0.00% 14.67% 16.18%
Other
0.00% -4.07% 83.89% 16.76%
Convertible Bonds
0.00% 0.00% 13.87% 13.09%
Bonds
0.00% 0.00% 72.82% 19.92%

Stock Sector Breakdown

Weighting Return Low Return High BUITX % Rank
Technology
25.22% 0.00% 38.54% 22.93%
Healthcare
14.07% 0.00% 31.05% 68.53%
Financial Services
12.87% 0.00% 42.66% 61.51%
Consumer Cyclical
11.19% 0.00% 50.96% 52.28%
Communication Services
11.10% 0.00% 28.36% 32.15%
Industrials
8.32% 0.00% 28.15% 65.99%
Consumer Defense
7.33% 0.00% 32.98% 55.25%
Utilities
2.83% 0.00% 29.37% 44.84%
Real Estate
2.62% 0.00% 12.00% 56.51%
Energy
2.32% -1.47% 13.74% 51.35%
Basic Materials
2.14% -0.14% 13.17% 58.46%

Stock Geographic Breakdown

Weighting Return Low Return High BUITX % Rank
US
98.28% 80.53% 157.79% 28.44%
Non US
0.92% -1.85% 19.64% 73.64%

Expenses

BUITX - Expenses

Operational Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.01% 49.73% 99.74%
Management Fee 0.01% 0.00% 2.00% 0.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.00% 0.00% 0.95% 0.24%

Sales Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 475.00% 2.47%

Distributions

BUITX - Distributions

Dividend Yield Analysis

BUITX Category Low Category High BUITX % Rank
Dividend Yield 0.00% 0.00% 11.12% 13.25%

Dividend Distribution Analysis

BUITX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

BUITX Category Low Category High BUITX % Rank
Net Income Ratio 1.89% -3.93% 3.34% 11.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BUITX - Fund Manager Analysis

Managers

Alan Mason


Start Date

Tenure

Tenure Rank

Feb 04, 2014

6.58

6.6%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Rachel Aguirre


Start Date

Tenure

Tenure Rank

Apr 08, 2016

4.4

4.4%

Rachel Aguirre is a Managing Director of BlackRock, Inc. since 2018. Rachel Aguirre has been with BlackRock since 2006, including her years with Barclays Global Investors (“BGI”), which merged with BlackRock in 2009.Ms. Aguirre was previously a Director of BlackRock, Inc. from 2012 to 2017, Vice President of BlackRock, Inc. from 2009 to 2011 and Principal and Portfolio Manager of Barclays Global Investors from 2005 to 2009.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Apr 08, 2016

4.4

4.4%

Jennifer Hsui has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Apr 30, 2019

1.34

1.3%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Suzanne Henige


Start Date

Tenure

Tenure Rank

Feb 28, 2020

0.51

0.5%

Mrs. Henige is a Director and member of BlackRock’s Index Equity Portfolio Management team. Her service with the firm dates back to 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 34.15 6.42 0.67