Top Income Fund

The Buffalo High Yield Fund has received Morningstar’s highest Overall Rating, as of 6/30/24.


Overall Morningstar Rating™ of BUFHX based on risk-adjusted returns among 594 High Yield Bond funds


High Yield Strategy Profile

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High Yield Investment Idea

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Proud Investment Partner of Sporting Kansas City

Looking for Income or Dividends?

Many investors are looking for sources of income and regular cash payouts from their investments.

If you are looking for a consistent stream of income, the Buffalo Funds has 3 options for you —

CFRA Research and recently hosted a webinar with the topic “Dividend Funds: Do we even need bonds?“. Buffalo Dividend Focus Fund co-portfolio manager Jeff Deardorff, CFA, was a featured presenter on the panel.

A Family of 10 Actively-Managed Mutual Funds

We believe patient investing, backed by solid, intelligent research, can be the best way to achieve long-term financial rewards.
Whether your investment goal is to grow your wealth, preserve wealth, or generate income, we believe there’s a Buffalo fund to help get you there.

Team Based Approach

The Buffalo Funds team-based, idea-sharing management style ensures collaborative decision-making and continuity within our investment process.

We believe in organically developing and promoting our investment professionals, ensuring our founding investment principles are carried forward.


Investment information for financial intermediaries including advisers, broker-dealers, RIAs, and research teams.


Mutual fund information including performance, commentary, holdings, distributions, and prospectuses are available for individual investors.

International PM Q1 Q&A


International PM Q1 Q&A  Read More

International Strategy Profile


The Buffalo International Fund is 1 of only 3 funds (out of 69 unique funds) in the Morningstar Foreign Large Growth Funds category that has top 20% or better performance for the 3-, 5- and 10-year periods, while maintaining Morningstar’s “Average” or lower Risk Rating for the 3-, 5- and 10-year periods as of March 31, 2024.  Read More

International Investment Idea


The Buffalo International Fund is the only fund out of 231 funds in the Morningstar Foreign Large Growth Funds category that has top decile (10% or better) performance for each of the 3-, 5- and 10-year periods, Read More

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted, quarter-end performance can be obtained here, and month-end performance can be obtained here.
As of July 12, 2024
DISCOVERY FUND BUFTX $24.67 $0.26 1.07% 2.83%
DIVIDEND FOCUS FUND BUFDX $30.48 $0.13 0.43% 12.51%
EARLY STAGE GROWTH FUND BUFOX $16.11 $0.17 1.07% 4.47%
FLEXIBLE INCOME FUND BUFBX $21.16 $0.09 0.43% 12.04%
GROWTH FUND BUFGX $35.58 $0.16 0.45% 17.93%
HIGH YIELD FUND BUFHX $10.68 $0.02 0.19% 5.11%
INTERNATIONAL FUND BUFIX $22.69 $0.26 1.16% 7.23%
LARGE CAP FUND BUFEX $53.93 $0.21 0.39% 24.32%
MID CAP FUND BUFMX $16.41 $0.20 1.23% 0.86%
SMALL CAP FUND BUFSX $14.46 $0.18 1.26% 2.41%
As of July 12, 2024
DISCOVERY FUND BUITX $24.89 $0.27 1.10% 2.89%
DIVIDEND FOCUS FUND BUIDX $30.49 $0.12 0.40% 12.62%
EARLY STAGE GROWTH FUND BUIOX $16.23 $0.16 1.00% 4.44%
FLEXIBLE INCOME FUND BUIBX $21.15 $0.08 0.38% 12.12%
GROWTH FUND BIIGX $35.83 $0.16 0.45% 18.02%
HIGH YIELD FUND BUIHX $10.67 $0.02 0.19% 5.19%
INTERNATIONAL FUND BUIIX $22.72 $0.26 1.16% 7.32%
LARGE CAP FUND BUIEX $54.29 $0.22 0.41% 24.43%
MID CAP FUND BUIMX $16.55 $0.21 1.29% 0.91%
SMALL CAP FUND BUISX $14.57 $0.18 1.25% 2.46%

Featured Funds

International Fund

International Fund

Total Assets $659.78 Million  (12/31/21)
Expense Ratio 1.04% / 0.89%
Benchmark Morningstar Global Markets ex-US

High Yield Fund

High Yield Fund

Total Assets $301.47 Million  (12/31/21)
Expense Ratio 1.03% / 0.87%
Benchmark ICE BofAML U.S. High Yield

Flexible Income Fund

Flexible Income Fund

Total Assets $490.02 Million  (3/31/22)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar Moderately Aggressive Target Risk

Dividend Focus Fund

Dividend Focus Fund

Total Assets $117.28 Million  (12/31/21)
Expense Ratio 0.94% / 0.79%
Benchmark Morningstar U.S. Large-Mid Cap

A Note From Our Founder

We believe active portfolio management leads to superior wealth creation and better risk-adjusted results over time. Our investment approach combines top-down trend analysis with bottom-up fundamental company research and then applies a strict valuation discipline to security selection.

The core of our organization is driven by a working philosophy which stresses a team-based investment management structure, independent thinking, in-depth and in-house research, and a long-term focus.

We invest alongside our clients and mutual fund shareholders and have a pride of independent ownership.

~ John C. Kornitzer, Founder Buffalo Funds

Fundamental Approach

We get to know the companies we invest in and learn how they run their business.

Top-Down & Bottom-Up

We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.

Proprietary Philosophy

We construct our portfolios based on our own proprietary investment strategy.

Disciplined Investing

Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.