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Trending ETFs

Buffalo Mid Cap Discovery Fund

mutual fund
BUFTX
Payout Change
Suspended
Price as of:
$23.38 -0.2 -0.85%
primary theme
U.S. Mid-Cap Growth Equity
share class
Investor (BUFTX) Instl (BUITX)
BUFTX (Mutual Fund)

Buffalo Mid Cap Discovery Fund

Payout Change
Suspended
Price as of:
$23.38 -0.2 -0.85%
primary theme
U.S. Mid-Cap Growth Equity
share class
Investor (BUFTX) Instl (BUITX)
BUFTX (Mutual Fund)

Buffalo Mid Cap Discovery Fund

Payout Change
Suspended
Price as of:
$23.38 -0.2 -0.85%
primary theme
U.S. Mid-Cap Growth Equity
share class
Investor (BUFTX) Instl (BUITX)

Name

As of 12/27/2024

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

Buffalo Mid Cap Discovery Fund

BUFTX | Fund

$23.38

$835 M

0.00%

1.01%

Vitals

YTD Return

6.7%

1 yr return

6.7%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

7.2%

Net Assets

$835 M

Holdings in Top 10

23.1%

52 WEEK LOW AND HIGH

$23.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/27/2024

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

Buffalo Mid Cap Discovery Fund

BUFTX | Fund

$23.38

$835 M

0.00%

1.01%

BUFTX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Buffalo Mid Cap Discovery Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Jan 16, 2002
  • Shares Outstanding
    41371476
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dave Carlsen

Fund Description

The Mid Cap Discovery Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, consisting of common stocks, preferred stocks, convertible securities, warrants, and rights of “mid-cap discovery companies.” Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), defines mid-cap discovery companies as companies, at the time of purchase, with market capitalizations within the range of the Russell Midcap® Growth Index, and are companies engaged in the pursuit and practical application of knowledge to discover, develop, and commercialize products, services, or intellectual property. As of June 30, 2024, the range of market capitalizations of the Russell Midcap® Growth Index was $658 million to $61.6 billion. 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.
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 Fund may invest in companies in any sector. Currently, the Fund has significant investments in the information technology sector. The Fund may have significant investments in the healthcare sector. The Adviser may sell the Fund’s investments to secure gains, limit losses, or reinvest in more promising investment opportunities.
Read More

BUFTX - Performance

Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -1.4% 93.8% 90.49%
1 Yr 6.7% -2.3% 102.5% 90.49%
3 Yr -1.8%* -15.1% 30.0% 71.57%
5 Yr 7.2%* -2.2% 101.1% 84.55%
10 Yr 9.2%* 2.3% 24.3% 78.02%

* Annualized

Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2023 24.3% -27.7% 68.0% 17.70%
2022 -33.2% -85.6% 52.8% 65.17%
2021 -3.7% -74.9% 238.3% 59.68%
2020 23.9% -44.1% 2474.5% 60.83%
2019 14.5% -50.2% 44.0% 87.96%

Total Return Ranking - Trailing

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -1.4% 93.8% 90.49%
1 Yr 6.7% -2.3% 102.5% 90.49%
3 Yr -1.8%* -15.1% 30.0% 71.57%
5 Yr 7.2%* -2.2% 101.1% 84.55%
10 Yr 9.2%* 2.3% 24.3% 78.02%

* Annualized

Total Return Ranking - Calendar

Period BUFTX Return Category Return Low Category Return High Rank in Category (%)
2023 24.3% -26.1% 68.0% 24.90%
2022 -28.7% -67.0% 56.8% 56.95%
2021 11.9% -23.5% 342.2% 54.03%
2020 33.8% 2.6% 2549.1% 56.67%
2019 31.6% 14.6% 44.8% 64.73%

NAV & Total Return History

BUFTX - Holdings

Concentration Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Assets 835 M 2.73 M 100 B 59.11%
Number of Holdings 76 24 3569 55.23%
Net Assets in Top 10 169 M 635 K 11.9 B 58.72%
Weighting of Top 10 23.14% 4.9% 97.8% 67.25%

Top 10 Holdings

  1. MSCI Inc 3.75%
  2. TransUnion 3.39%
  3. IQVIA Holdings Inc 2.49%
  4. AMETEK Inc 2.27%
  5. CoStar Group Inc 2.06%
  6. Veeva Systems Inc 2.03%
  7. Verisk Analytics Inc 1.86%
  8. Bio-Techne Corp 1.81%
  9. Lululemon Athletica Inc 1.76%
  10. Fidelity Government Portfolio 1.73%

Asset Allocation

Weighting Return Low Return High BUFTX % Rank
Stocks 		98.32% 58.72% 103.99% 53.88%
Cash 		1.73% 0.00% 32.84% 42.64%
Preferred Stocks 		0.00% 0.00% 6.15% 26.55%
Other 		0.00% -0.11% 14.15% 38.95%
Convertible Bonds 		0.00% 0.00% 0.40% 14.92%
Bonds 		0.00% 0.00% 2.73% 21.71%

Stock Sector Breakdown

Weighting Return Low Return High BUFTX % Rank
Technology 		33.74% 0.04% 62.17% 34.88%
Healthcare 		18.16% 0.00% 37.06% 45.16%
Industrials 		16.02% 0.00% 38.23% 34.88%
Consumer Cyclical 		14.13% 0.00% 57.41% 52.33%
Financial Services 		6.80% 0.00% 43.01% 49.81%
Basic Materials 		5.38% 0.00% 17.25% 11.63%
Real Estate 		3.15% 0.00% 19.28% 39.73%
Communication Services 		2.62% 0.00% 18.33% 58.33%
Utilities 		0.00% 0.00% 12.94% 36.63%
Energy 		0.00% 0.00% 62.10% 67.44%
Consumer Defense 		0.00% 0.00% 16.40% 85.08%

Stock Geographic Breakdown

Weighting Return Low Return High BUFTX % Rank
US 		98.32% 46.79% 103.99% 46.71%
Non US 		0.00% 0.00% 33.15% 36.43%

BUFTX - Expenses

Operational Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.02% 17.54% 53.88%
Management Fee 0.85% 0.00% 1.50% 79.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BUFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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 41.00% 0.00% 250.31% 48.17%

BUFTX - Distributions

Dividend Yield Analysis

BUFTX Category Low Category High BUFTX % Rank
Dividend Yield 0.00% 0.00% 33.43% 31.20%

Dividend Distribution Analysis

BUFTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BUFTX Category Low Category High BUFTX % Rank
Net Income Ratio 0.56% -2.24% 2.75% 6.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BUFTX - Fund Manager Analysis

Managers

Dave Carlsen

Start Date

Tenure

Tenure Rank

Jan 01, 2004

18.42

18.4%

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

2.08

2.1%

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

2.08

2.1%

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
0.04 36.3 9.42 11.76

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