Buffalo Growth Fund
Fund
BUFGX
Price as of:
$31.34
+ $0.29
+ 0.93%
Primary Theme
fund company
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.9%
1 yr return
27.6%
3 Yr Avg Return
4.5%
5 Yr Avg Return
11.9%
Net Assets
$176 M
Holdings in Top 10
54.5%
52 WEEK LOW AND HIGH
$31.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BUFGX - Profile
Distributions
- YTD Total Return 3.9%
- 3 Yr Annualized Total Return 4.5%
- 5 Yr Annualized Total Return 11.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.40%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBuffalo Growth Fund
-
Fund Family NameBuffalo
-
Inception DateJun 20, 1995
-
Shares Outstanding3289486
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDave Carlsen
Fund Description
The Growth Fund invests in common stocks and other equity securities, including preferred stock, convertible securities, warrants and rights, with a goal of maintaining at least 75% of the Fund’s portfolio in companies with market capitalizations greater than the median of the Russell 3000® Growth Index or $5 billion, whichever is lower. The median market capitalization of the Russell 3000® Growth Index changes due to market conditions and also changes with the composition of the index. As of June 30, 2023, the median market capitalization of companies in the Russell 3000® Growth Index was approximately $2.3 billion. With respect to the remaining 25% of the equity weighting of the Fund’s portfolio, the Fund may invest in companies of any size, including, but not limited to, those with market capitalizations less than the lower of the median of the Russell 3000® Growth Index or $5 billion, whichever is lower. In addition to the Fund’s investments in domestic securities, 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. The Fund may invest in companies in any sector. The Fund may have significant investments in the information technology sector.
Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), seeks to identify companies for the Growth Fund’s portfolio that are expected to experience growth based on the identification of long-term, measurable secular trends, and which, as a result, the Adviser believes may have potential revenue growth in
excess of the gross domestic product growth rate. Companies are screened using in-depth, in-house research to identify those which the Adviser believes have favorable attributes, including attractive valuation, strong management, conservative debt, free cash flow, scalable business models, and competitive advantages. The Adviser may sell the Growth Fund’s investments to secure gains, limit losses or reinvest in more promising investment opportunities
BUFGX - Performance
Return Ranking - Trailing
| Period | BUFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -18.2% | 17.8% | 74.12% |
| 1 Yr | 27.6% | -22.9% | 52.5% | 61.35% |
| 3 Yr | 4.5%* | -31.1% | 21.6% | 48.24% |
| 5 Yr | 11.9%* | -16.6% | 28.0% | 67.17% |
| 10 Yr | 11.6%* | -6.0% | 18.4% | 67.04% |
* Annualized
Return Ranking - Calendar
| Period | BUFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 34.8% | -74.1% | 72.4% | 41.61% |
| 2022 | -34.1% | -85.9% | 4.7% | 51.19% |
| 2021 | 10.2% | -52.4% | 60.5% | 42.01% |
| 2020 | 22.1% | -34.3% | 145.0% | 65.32% |
| 2019 | 15.9% | -21.8% | 49.4% | 89.19% |
Total Return Ranking - Trailing
| Period | BUFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -18.2% | 17.8% | 74.12% |
| 1 Yr | 27.6% | -22.9% | 52.5% | 61.35% |
| 3 Yr | 4.5%* | -31.1% | 21.6% | 48.24% |
| 5 Yr | 11.9%* | -16.6% | 28.0% | 67.17% |
| 10 Yr | 11.6%* | -6.0% | 18.4% | 67.04% |
* Annualized
Total Return Ranking - Calendar
| Period | BUFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 42.6% | -4.6% | 72.4% | 28.46% |
| 2022 | -31.1% | -61.7% | 5.6% | 53.38% |
| 2021 | 21.7% | -39.8% | 118.1% | 53.20% |
| 2020 | 28.3% | 2.8% | 149.2% | 76.36% |
| 2019 | 31.9% | -5.2% | 49.4% | 60.81% |
NAV & Total Return History
BUFGX - Holdings
Concentration Analysis
| BUFGX | Category Low | Category High | BUFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 176 M | 242 K | 269 B | 80.96% |
| Number of Holdings | 43 | 1 | 3217 | 74.11% |
| Net Assets in Top 10 | 88.9 M | 104 K | 111 B | 79.03% |
| Weighting of Top 10 | 54.49% | 0.7% | 205.0% | 30.21% |
Top 10 Holdings
- Microsoft Corp 12.17%
- Apple Inc 9.76%
- Amazon.com Inc 6.78%
- Alphabet Inc 5.47%
- Alphabet Inc 4.32%
- NVIDIA Corp 3.79%
- Meta Platforms Inc 3.43%
- Mastercard Inc 3.22%
- Adobe Inc 2.79%
- Visa Inc 2.77%
Asset Allocation
| Weighting | Return Low | Return High | BUFGX % Rank | |
|---|---|---|---|---|
| Stocks | 97.78% | 0.00% | 130.05% | 70.46% |
| Cash | 2.29% | -1.50% | 173.52% | 26.06% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 75.04% |
| Other | 0.00% | -43.49% | 50.04% | 75.72% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 72.79% |
| Bonds | 0.00% | 0.00% | 104.15% | 73.34% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUFGX % Rank | |
|---|---|---|---|---|
| Technology | 36.38% | 0.00% | 65.70% | 47.19% |
| Communication Services | 16.51% | 0.00% | 66.40% | 9.95% |
| Consumer Cyclical | 13.41% | 0.00% | 62.57% | 64.80% |
| Healthcare | 11.22% | 0.00% | 39.76% | 64.71% |
| Financial Services | 11.03% | 0.00% | 43.06% | 33.25% |
| Industrials | 5.86% | 0.00% | 30.65% | 56.80% |
| Real Estate | 3.90% | 0.00% | 16.05% | 8.93% |
| Basic Materials | 1.68% | 0.00% | 18.91% | 38.95% |
| Utilities | 0.00% | 0.00% | 16.07% | 79.68% |
| Energy | 0.00% | 0.00% | 41.09% | 88.10% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 96.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUFGX % Rank | |
|---|---|---|---|---|
| US | 97.78% | 0.00% | 130.05% | 57.22% |
| Non US | 0.00% | 0.00% | 78.10% | 79.80% |
BUFGX - Expenses
Operational Fees
| BUFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.01% | 19.54% | 54.21% |
| Management Fee | 0.75% | 0.00% | 1.50% | 81.93% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BUFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BUFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 33.82% |
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.
| BUFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 13.00% | 0.00% | 316.74% | 14.96% |
BUFGX - Distributions
Dividend Yield Analysis
| BUFGX | Category Low | Category High | BUFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.61% | 85.12% |
Dividend Distribution Analysis
| BUFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| BUFGX | Category Low | Category High | BUFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.40% | -6.13% | 3.48% | 57.45% |
Capital Gain Distribution Analysis
| BUFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2018 | $0.008 | OrdinaryDividend |
| Dec 19, 2017 | $0.454 | OrdinaryDividend |
| Dec 20, 2016 | $0.221 | OrdinaryDividend |
| Dec 18, 2015 | $0.193 | OrdinaryDividend |
| Dec 18, 2014 | $0.178 | OrdinaryDividend |
| Dec 18, 2013 | $0.223 | OrdinaryDividend |
| Dec 18, 2012 | $0.124 | OrdinaryDividend |
| Dec 18, 2009 | $0.100 | OrdinaryDividend |
| Dec 18, 2008 | $0.084 | OrdinaryDividend |
| Jun 18, 2008 | $0.024 | OrdinaryDividend |
| Dec 18, 2007 | $0.048 | OrdinaryDividend |
| Jun 19, 2007 | $0.033 | OrdinaryDividend |
| Dec 19, 2006 | $0.036 | OrdinaryDividend |
| Jun 20, 2006 | $0.027 | OrdinaryDividend |
| Dec 20, 2005 | $0.021 | OrdinaryDividend |
| Jun 20, 2005 | $0.048 | OrdinaryDividend |
| Dec 20, 2004 | $0.086 | OrdinaryDividend |
| Jun 18, 2004 | $0.028 | OrdinaryDividend |
| Jun 18, 2003 | $0.003 | OrdinaryDividend |
BUFGX - Fund Manager Analysis
Managers
Dave Carlsen
Start Date
Tenure
Tenure Rank
Nov 06, 2007
14.58
14.6%
Dave Carlsen, CFA, Co-Portfolio Managerand partner. Mr. Carlsen has been an investment professional since 1992 and joined Kornitzer Capital Management (KCM) in 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.
Josh West
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Mr. West has been an investment professional since 2005 and joined KCM in 2008. Previously, Mr. West was an equity investment analyst with Scout Investment Advisors in Kansas City, Missouri. Mr. West holds an M.B.A. from the University of Missouri-Columbia and B.S. from the University of Missouri-Columbia.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.22 | 3.08 |