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Buffalo Early Stage Growth Fund
mutual fund
BUIOX
Payout Change
Suspended
Price as of:
$16.64
+0.08
+0.48%
primary theme
U.S. Small-Cap Growth Equity
share class
BUIOX (Mutual Fund)
Buffalo Early Stage Growth Fund
Payout Change
Suspended
Price as of:
$16.64
+0.08
+0.48%
primary theme
U.S. Small-Cap Growth Equity
share class
BUIOX (Mutual Fund)
Buffalo Early Stage Growth Fund
Payout Change
Suspended
Price as of:
$16.64
+0.08
+0.48%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/20/2024Price
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
7.1%
1 yr return
8.3%
3 Yr Avg Return
-5.6%
5 Yr Avg Return
5.5%
Net Assets
$71.2 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
$16.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
$250,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
BUIOX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return -5.6%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBuffalo Early Stage Growth Fund
-
Fund Family NameBuffalo
-
Inception DateJul 05, 2019
-
Shares Outstanding2495931
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCraig Richard
Fund Description
The Early Stage Growth 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 “early stage growth companies.” Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), defines early stage companies as companies, at the time of purchase, with market capitalizations below the weighted average of the Russell 2000® Growth Index and are starting to develop a new product or service or have recently developed a new product or service. As of June 30, 2024, the weighted average market capitalization of the Russell 2000® Growth Index was $3.7 billion. KCM defines growth companies as companies that, at the time of purchase, are constituents of the Russell 3000® Growth Index or exhibit growth characteristics (generates positive cash
flows or earnings that increase at faster rates than the overall economy) consistent with inclusion of companies in the Russell 3000® Growth Index. Companies included in the Fund’s investment universe must satisfy both prongs of KCM’s definition of an early stage growth company. In addition to the Fund’s investments in domestic securities, the Fund may also 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 industrials sector. The Adviser may sell the Fund’s investments to secure gains, limit losses, or reinvest in more promising investment opportunities.
BUIOX - Performance
Return Ranking - Trailing
| Period | BUIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -3.5% | 68.6% | 89.07% |
| 1 Yr | 8.3% | -2.2% | 64.2% | 85.19% |
| 3 Yr | -5.6%* | -15.1% | 62.1% | 87.43% |
| 5 Yr | 5.5%* | -4.3% | 45.1% | 82.00% |
| 10 Yr | N/A* | 1.2% | 24.6% | 16.67% |
* Annualized
Return Ranking - Calendar
| Period | BUIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | -20.5% | 54.6% | 76.77% |
| 2022 | -31.4% | -82.1% | 32.2% | 62.48% |
| 2021 | -7.3% | -90.6% | 300.1% | 48.68% |
| 2020 | 32.8% | -63.0% | 127.9% | 38.94% |
| 2019 | N/A | -7.7% | 42.9% | N/A |
Total Return Ranking - Trailing
| Period | BUIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -3.5% | 68.6% | 89.07% |
| 1 Yr | 8.3% | -2.2% | 64.2% | 85.19% |
| 3 Yr | -5.6%* | -15.1% | 62.1% | 87.43% |
| 5 Yr | 5.5%* | -4.3% | 45.1% | 82.00% |
| 10 Yr | N/A* | 1.2% | 24.6% | 15.56% |
* Annualized
Total Return Ranking - Calendar
| Period | BUIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | -19.0% | 136.8% | 86.06% |
| 2022 | -30.7% | -59.9% | 44.3% | 68.11% |
| 2021 | 7.9% | -22.7% | 411.9% | 56.98% |
| 2020 | 48.0% | 1.5% | 150.8% | 30.53% |
| 2019 | N/A | 5.5% | 55.3% | N/A |
NAV & Total Return History
BUIOX - Holdings
Concentration Analysis
| BUIOX | Category Low | Category High | BUIOX % Rank | |
|---|---|---|---|---|
| Net Assets | 71.2 M | 209 K | 34.3 B | 90.56% |
| Number of Holdings | 58 | 7 | 1226 | 82.04% |
| Net Assets in Top 10 | 21.4 M | 53.8 K | 3.02 B | 88.15% |
| Weighting of Top 10 | 28.96% | 7.5% | 100.0% | 27.27% |
Top 10 Holdings
- Willdan Group Inc 3.57%
- Hamilton Lane Inc 3.53%
- Shift4 Payments Inc 3.07%
- Compass Diversified Holdings 2.88%
- ICF International Inc 2.73%
- Transcat Inc 2.73%
- Federal Signal Corp 2.66%
- HealthStream Inc 2.62%
- Halozyme Therapeutics Inc 2.61%
- Fidelity Government Portfolio 2.58%
Asset Allocation
| Weighting | Return Low | Return High | BUIOX % Rank | |
|---|---|---|---|---|
| Stocks | 97.51% | 92.05% | 107.62% | 64.26% |
| Cash | 2.58% | 0.00% | 28.78% | 41.48% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 59.81% |
| Other | 0.00% | -0.26% | 6.70% | 67.04% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 55.74% |
| Bonds | 0.00% | 0.00% | 2.40% | 55.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUIOX % Rank | |
|---|---|---|---|---|
| Industrials | 28.80% | 0.00% | 36.64% | 2.41% |
| Technology | 21.29% | 2.91% | 75.51% | 70.93% |
| Consumer Cyclical | 17.80% | 0.00% | 24.04% | 8.89% |
| Healthcare | 16.94% | 0.00% | 47.90% | 76.48% |
| Financial Services | 6.74% | 0.00% | 42.95% | 52.04% |
| Real Estate | 2.22% | 0.00% | 15.31% | 48.52% |
| Communication Services | 2.19% | 0.00% | 15.31% | 53.52% |
| Consumer Defense | 2.19% | 0.00% | 13.56% | 81.67% |
| Basic Materials | 1.82% | 0.00% | 9.24% | 63.89% |
| Utilities | 0.00% | 0.00% | 5.57% | 67.41% |
| Energy | 0.00% | 0.00% | 55.49% | 87.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUIOX % Rank | |
|---|---|---|---|---|
| US | 97.51% | 17.30% | 107.62% | 55.93% |
| Non US | 0.00% | 0.00% | 77.12% | 64.26% |
BUIOX - Expenses
Operational Fees
| BUIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.05% | 23.20% | 35.44% |
| Management Fee | 1.30% | 0.05% | 1.62% | 99.07% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| BUIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BUIOX 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.
| BUIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 3.00% | 264.00% | 27.48% |
BUIOX - Distributions
Dividend Yield Analysis
| BUIOX | Category Low | Category High | BUIOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 62.41% |
Dividend Distribution Analysis
| BUIOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BUIOX | Category Low | Category High | BUIOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.22% | -2.47% | 1.10% | 84.83% |
Capital Gain Distribution Analysis
| BUIOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2022 | $0.169 | CapitalGainLongTerm |
| Dec 03, 2021 | $3.248 | OrdinaryDividend |
| Dec 18, 2020 | $2.483 | OrdinaryDividend |
| Dec 18, 2019 | $0.798 | CapitalGainLongTerm |
BUIOX - Fund Manager Analysis
Managers
Craig Richard
Start Date
Tenure
Tenure Rank
Jun 03, 2013
9.0
9.0%
Craig Richard, CFA, Co-Portfolio Manager. Mr. Richard has been an investment professional since 2002 and joined KCM in 2008. Previously, Mr. Richard was an equity research analyst with A.G. Edwards from 2005 to 2007. Mr. Richard holds a B.S. from Kansas State University and an M.B.A. from the University of Kansas.
Doug Cartwright
Start Date
Tenure
Tenure Rank
May 11, 2015
7.06
7.1%
Doug Cartwright, CFA, Co-Portfolio Manager and partner. Mr. Cartwright has been an investment professional since 2006 and joined Kornitzer Capital Management in 2013. Mr. Cartwright was formerly an equity analyst with Kellogg Asset Management and a credit analyst with Waddell & Reed Investment Management. Mr. Cartwright holds a B.A. in Business Administration from Baylor University and an M.B.A from the Wisconsin School of Business Applied Securities Analysis Program. Mr. Cartwright has served as co-portfolio manager of the Emerging Opportunities Fund since 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
