BUFTX: Buffalo Discovery Fund - MutualFunds.com

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Buffalo Discovery

BUFTX - Snapshot

Vitals

  • YTD Return 22.0%
  • 3 Yr Annualized Return 11.4%
  • 5 Yr Annualized Return 12.6%
  • Net Assets $1.56 B
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$29.55
$17.24
$29.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 123.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $250

Fund Classification


Compare BUFTX to Popular U.S. Mid-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$87.40

-0.47%

$34.01 B

-

$0.00

47.21%

-

$112.32

+0.60%

$33.25 B

-

$0.00

17.82%

-

$162.42

+0.98%

$19.75 B

0.09%

$0.15

14.55%

-

$33.35

+1.12%

$18.81 B

-

$0.00

13.67%

-

$198.22

+0.03%

$17.40 B

0.53%

$1.05

25.87%

-

BUFTX - Profile

Distributions

  • YTD Total Return 22.0%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return 12.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Buffalo Discovery Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Apr 16, 2001
  • Shares Outstanding
    49261350
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Dave Carlsen

Fund Description

The fund principally invests in equity securities, consisting of common stock, preferred stock, convertible securities, warrants and rights of companies whose securities may increase in value due to the development, advancement or commercial application of innovative strategies. In addition to the fund's investments in domestic securities, 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.


BUFTX - Performance

Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.0% -71.3% 2364.4% 62.77%
1 Yr 15.0% -14.4% 114.6% 73.04%
3 Yr 11.4%* -3.5% 47.4% 72.31%
5 Yr 12.6%* -1.0% 37.5% 64.34%
10 Yr 13.7%* 4.3% 20.6% 40.94%

* Annualized

Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2019 14.5% -50.2% 44.9% 86.42%
2018 -12.6% -70.5% 9.2% 40.25%
2017 19.9% -21.1% 84.9% 33.90%
2016 3.0% -61.7% 39.8% 37.04%
2015 -1.9% -54.0% 12.2% 25.92%

Total Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.0% -71.1% 2364.4% 62.77%
1 Yr 15.0% -18.9% 114.6% 70.70%
3 Yr 11.4%* -4.7% 47.4% 71.28%
5 Yr 12.6%* -1.0% 37.5% 62.01%
10 Yr 13.7%* 4.3% 20.6% 39.17%

* Annualized

Total Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2019 14.5% -50.2% 44.9% 86.42%
2018 -12.6% -51.7% 12.2% 59.75%
2017 25.4% -7.0% 84.9% 33.52%
2016 5.6% -61.7% 39.8% 40.33%
2015 5.6% -54.0% 12.2% 7.56%

NAV & Total Return History


BUFTX - Holdings

Concentration Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Assets 1.56 B 919 K 34 B 40.32%
Number of Holdings 98 13 2566 32.04%
Net Assets in Top 10 272 M 181 K 7.69 B 49.19%
Weighting of Top 10 17.35% 3.3% 94.2% 89.77%

Top 10 Holdings

  1. Fidelity® Inv MM Fds Government I 3.18%
  2. IHS Markit Ltd 1.72%
  3. Global Payments Inc 1.68%
  4. CoStar Group Inc 1.64%
  5. Ligand Pharmaceuticals Inc 1.55%
  6. Take-Two Interactive Software Inc 1.55%
  7. MSCI Inc 1.54%
  8. Verisk Analytics Inc 1.53%
  9. Etsy Inc 1.49%
  10. Moody's Corporation 1.46%

Asset Allocation

Weighting Return Low Return High BUFTX % Rank
Stocks
96.83% 23.73% 139.77% 78.32%
Cash
3.18% -55.75% 39.68% 17.96%
Preferred Stocks
0.00% 0.00% 1.64% 14.56%
Other
0.00% -41.95% 75.09% 22.17%
Convertible Bonds
0.00% 0.00% 1.20% 7.44%
Bonds
0.00% 0.00% 16.44% 11.00%

Stock Sector Breakdown

Weighting Return Low Return High BUFTX % Rank
Technology
30.45% 0.00% 59.48% 51.46%
Industrials
18.44% 0.00% 43.94% 11.65%
Healthcare
17.87% 0.00% 39.13% 75.08%
Consumer Cyclical
13.10% 0.00% 65.22% 50.65%
Financial Services
7.76% 0.00% 40.21% 29.13%
Real Estate
5.18% 0.00% 14.36% 20.71%
Communication Services
3.99% 0.00% 22.10% 63.11%
Basic Materials
1.76% 0.00% 17.56% 37.38%
Consumer Defense
1.44% 0.00% 15.89% 74.76%
Utilities
0.00% 0.00% 5.37% 30.91%
Energy
0.00% 0.00% 60.50% 43.04%

Stock Geographic Breakdown

Weighting Return Low Return High BUFTX % Rank
US
96.04% 23.51% 139.77% 28.16%
Non US
0.79% 0.00% 31.43% 87.70%

BUFTX - Expenses

Operational Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.05% 27.43% 61.46%
Management Fee 0.85% 0.00% 1.50% 76.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 20.69%

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.

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 1.00% 457.00% 93.55%

BUFTX - Distributions

Dividend Yield Analysis

BUFTX Category Low Category High BUFTX % Rank
Dividend Yield 0.00% 0.00% 33.15% 12.58%

Dividend Distribution Analysis

BUFTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Income Ratio -0.30% -2.48% 1.52% 48.03%

Capital Gain Distribution Analysis

BUFTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

BUFTX - Fund Manager Analysis

Managers

Dave Carlsen


Start Date

Tenure

Tenure Rank

Jan 01, 2004

16.84

16.8%

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.

Jamie Cuellar


Start Date

Tenure

Tenure Rank

May 01, 2020

0.5

0.5%

Mr. Cuellar has been an investment professional since 1992 and joined KCM in 2015. Mr. Cuellar was a Managing Director and Portfolio Manager for the US Small Cap and US Micro Cap Growth Strategies for PineBridge Investments and predecessor firms, John McStay Investment Counsel and Brazos Capital Management from 2000 to 2012. He also served as a Portfolio Manager with Jacob Asset Management in 2012, a Senior Portfolio Manager with Northern Trust’s wealth advisory practice from 2012 to 2015, as well as an Investment Analyst for Lee Financial Corporation in Dallas, TX from 1994 to 1999. Mr. Cuellar holds a B.B.A. in Finance from the University of San Diego and an M.B.A from Southern Methodist University’s Cox School of Business.

Ken Laudan


Start Date

Tenure

Tenure Rank

May 01, 2020

0.5

0.5%

Ken began working with SRAM in 2017 as an advisor to the Small Cap Equities strategy. At SRAM, he capitalizes on 26 years in the institutional investment healthcare sector. His previous experience includes overseeing Humana’s corporate venture capital effort, eleven years as an award-winning sell-side analyst and the last 13 years on the buyside as a sub-advisor at Friess Associates (long only) and Blackthorn Investment Group (market neutral). At Blackthorn, he was part of four-person portfolio team that won back to back “Top Lipper Award for Market Neutral Hedge Fund in North America”. Ken also currently manages his own long oriented healthcare fund, TallGrass Health Sciences Fund. Ken graduated from Kansas State University with a degree in finance and minor in accounting. Ken has served on the Dean of Student’s Advisory Board and the Finance Advisory Board of the Business School at K-State.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 34.72 8.21 0.67
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