Q4 2022 NEWSLETTER
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The market currently expects at least two more rate hikes in early 2023, and the tight labor market could give the Federal Reserve a chance to successfully engineer a soft economic landing. Read More |
MANAGING VOLATILITY IN THE MARKETS
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We believe the best advice an advisor can give a client is to show them that time in the market, not market timing, is one of the best ways to capitalize on stock market gains. Read More |
DISRUPTION IN HEALTHCARE INVESTING 2020
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Healthcare is being disrupted… and we’re just getting started. The healthcare sector should continue to be one of the most dynamic investment sectors in the world economy. Read More |
FUND | TICKER | NAV | CNG ($) | CNG (%) | YTD (%) | |
DISCOVERY FUND | BUFTX | $21.37 | $0.03 | 0.14% | 10.73% | |
DIVIDEND FOCUS FUND | BUFDX | $24.93 | $0.06 | 0.24% | 7.36% | |
EARLY STAGE GROWTH FUND | BUFOX | $15.57 | $-0.07 | -0.45% | 10.90% | |
FLEXIBLE INCOME FUND | BUFBX | $18.30 | $0.06 | 0.33% | 0.33% | |
GROWTH FUND | BUFGX | $28.12 | $0.19 | 0.68% | 25.65% | |
HIGH YIELD FUND | BUFHX | $10.26 | $0.01 | 0.10% | 3.87% | |
INTERNATIONAL FUND | BUFIX | $20.54 | $0.14 | 0.69% | 14.17% | |
LARGE CAP FUND | BUFEX | $37.88 | $0.37 | 0.99% | 22.55% | |
MID CAP FUND | BUFMX | $15.24 | $0.02 | 0.13% | 12.64% | |
SMALL CAP FUND | BUFSX | $14.16 | $-0.01 | -0.07% | 5.75% |
FUND | TICKER | NAV | CNG ($) | CNG (%) | YTD (%) | |
DISCOVERY FUND | BUITX | $21.53 | $0.03 | 0.14% | 10.81% | |
DIVIDEND FOCUS FUND | BUIDX | $24.94 | $0.06 | 0.24% | 7.45% | |
EARLY STAGE GROWTH FUND | BUIOX | $15.68 | $-0.07 | -0.44% | 10.97% | |
FLEXIBLE INCOME FUND | BUIBX | $18.29 | $0.06 | 0.33% | 0.33% | |
GROWTH FUND | BIIGX | $28.28 | $0.20 | 0.71% | 25.74% | |
HIGH YIELD FUND | BUIHX | $10.25 | $0.01 | 0.10% | 3.93% | |
INTERNATIONAL FUND | BUIIX | $20.56 | $0.14 | 0.69% | 14.22% | |
LARGE CAP FUND | BUIEX | $38.10 | $0.38 | 1.01% | 22.63% | |
MID CAP FUND | BUIMX | $15.35 | $0.02 | 0.13% | 12.78% | |
SMALL CAP FUND | BUISX | $14.25 | $-0.01 | -0.07% | 5.79% |
Featured Articles
Red-Hot Manager Forecasts Volatile 2023
John Kornitzer, Buffalo Flexible Income Fund portfolio manager, was recently interviewed by Investor’s Business Daily where he discusses industry trends that help identify opportunities with the potential for market outperformance.
Buffalo Funds named to IBD Best Mutual Funds 2022
BUFIX and BUFHX were named to the Investor’s Business Daily Best Mutual Funds 2022 list in the International Stock Fund and U.S. Taxable Bond Funds categories, respectively.
Webinar – “Dividend Funds: Do We Even Need Bonds?”
Jeff Deardorff, CFA, Buffalo Dividend Focus Fund co-portfolio manager, was a featured presenter during a recent CFRA Research webinar, where he discussed the current state of dividend investing and ultimately answered the question “Do We Even Need Bonds?”
Barron’s Profile of Buffalo Small Cap Fund PM Bob Male
Bob Male, Buffalo Small Cap co-portfolio manager, discusses his team’s trend-spotting and portfolio-building strategies that help the Fund find small companies with the potential to grow into large ones.
Diversification does not assure a profit, nor does it protect against a loss in a declining market.
Active investing has higher management fees because of the manager’s increased level of involvement while passive investing has lower management and operating fees. Investing in both actively and passively managed mutual funds involves risk and principal loss is possible. Both actively and passively managed mutual funds generally have daily liquidity. There are no guarantees regarding the performance of actively and passively managed mutual funds. Actively managed mutual funds may have higher portfolio turnover than passively managed funds. Excessive turnover can limit returns and can incur capital gains.
Featured Funds
Discovery Fund
Total Assets $1.76 Billion (12/31/21)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar U.S. Mid Growth
International Fund
Total Assets $659.78 Million (12/31/21)
Expense Ratio 1.04% / 0.89%
Benchmark Morningstar Global Markets ex-US
Early Stage Growth Fund
Total Assets $132.43 Million (12/31/21)
Expense Ratio 1.51% / 1.36%
Benchmark Morningstar U.S. Small Growth
Small Cap Fund
Total Assets $1.16 Billion (12/31/21)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar U.S. Small Growth
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.