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Trending ETFs

Name

As of 06/11/2024

Price

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

$20.65

$471 M

2.97%

$0.61

0.86%

Vitals

YTD Return

9.3%

1 yr return

16.8%

3 Yr Avg Return

10.4%

5 Yr Avg Return

N/A

Net Assets

$471 M

Holdings in Top 10

46.1%

52 WEEK LOW AND HIGH

$20.7
N/A
N/A

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

As of 06/11/2024

Price

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

$20.65

$471 M

2.97%

$0.61

0.86%

BUIBX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Buffalo Flexible Income Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Jul 03, 2019
  • Shares Outstanding
    9291575
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • 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 adviser (the “Adviser” 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, convertible securities, warrants and rights. 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 Adviser believes that an investment in the company’s securities is consistent with the Fund’s investment objectives. The Fund may have significant investments in the energy sector. 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 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 Adviser emphasizes dividend-paying stocks that over time have exhibited consistent growth of dividends. The Adviser 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 Adviser 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 Adviser 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 Adviser 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 Adviser 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 Adviser’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 9.3% -6.6% 33.3% 15.60%
1 Yr 16.8% -3.7% 46.3% 42.38%
3 Yr 10.4%* -4.7% 30.0% 2.60%
5 Yr N/A* -0.2% 44.0% 56.44%
10 Yr N/A* 1.1% 24.4% 99.02%

* Annualized

Return Ranking - Calendar

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -16.9% 46.1% 65.88%
2022 -0.1% -64.7% 4.6% 0.82%
2021 22.7% -44.2% 57.5% 18.17%
2020 -5.6% -23.2% 285.0% 87.37%
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -6.6% 33.3% 15.60%
1 Yr 16.8% -3.7% 46.3% 42.38%
3 Yr 10.4%* -4.7% 30.0% 2.60%
5 Yr N/A* -0.2% 44.0% 54.05%
10 Yr N/A* 1.1% 24.4% 98.65%

* Annualized

Total Return Ranking - Calendar

Period BUIBX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -15.9% 46.7% 77.35%
2022 4.2% -42.0% 8.5% 1.83%
2021 30.2% 3.6% 129.7% 12.52%
2020 -2.1% -22.6% 304.8% 88.72%
2019 N/A -12.7% 52.1% N/A

NAV & Total Return History


BUIBX - Holdings

Concentration Analysis

BUIBX Category Low Category High BUIBX % Rank
Net Assets 471 M 1.69 M 163 B 63.01%
Number of Holdings 50 2 1683 78.76%
Net Assets in Top 10 225 M 435 K 38.9 B 52.57%
Weighting of Top 10 46.06% 4.8% 98.8% 6.76%

Top 10 Holdings

  1. Microsoft Corp 9.89%
  2. Eli Lilly Co 5.56%
  3. Costco Wholesale Corp 4.49%
  4. ConocoPhillips 4.29%
  5. Chevron Corp 4.03%
  6. Exxon Mobil Corp 3.92%
  7. Hess Corp 3.90%
  8. Arthur J Gallagher Co 3.58%
  9. Allstate Corp/The 3.36%
  10. QUALCOMM Inc 3.04%

Asset Allocation

Weighting Return Low Return High BUIBX % Rank
Stocks
99.60% 2.48% 108.67% 15.21%
Cash
0.41% 0.00% 20.27% 79.75%
Preferred Stocks
0.00% 0.00% 14.68% 48.96%
Convertible Bonds
0.00% 0.00% 3.66% 46.47%
Bonds
0.00% -1.92% 77.58% 48.78%
Other
-0.02% -1.68% 42.55% 97.84%

Stock Sector Breakdown

Weighting Return Low Return High BUIBX % Rank
Energy
25.47% 0.00% 54.00% 0.91%
Consumer Defense
19.14% 0.00% 34.10% 2.36%
Technology
17.39% 0.00% 54.02% 11.90%
Healthcare
17.05% 0.00% 30.08% 55.95%
Financial Services
7.60% 0.00% 58.05% 98.91%
Communication Services
4.79% 0.00% 26.58% 62.31%
Basic Materials
3.20% 0.00% 21.69% 55.31%
Industrials
2.82% 0.00% 42.76% 97.73%
Real Estate
2.54% 0.00% 90.54% 52.04%
Utilities
0.00% 0.00% 27.04% 92.73%
Consumer Cyclical
0.00% 0.00% 22.74% 99.00%

Stock Geographic Breakdown

Weighting Return Low Return High BUIBX % Rank
US
99.60% 2.48% 108.67% 14.13%
Non US
0.00% 0.00% 26.07% 63.10%

BUIBX - Expenses

Operational Fees

BUIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.03% 14.82% 56.37%
Management Fee 0.85% 0.00% 1.50% 94.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BUIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 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

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% 1.89%

BUIBX - Distributions

Dividend Yield Analysis

BUIBX Category Low Category High BUIBX % Rank
Dividend Yield 2.97% 0.00% 16.67% 41.17%

Dividend Distribution Analysis

BUIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

BUIBX Category Low Category High BUIBX % Rank
Net Income Ratio 1.60% -1.51% 4.28% 35.36%

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
0.05 86.59 7.96 0.25