“Money Life Market Call” with Buffalo Small Cap Fund PM Jamie Cuellar

“Money Life Market Call” with Buffalo Small Cap Fund PM Jamie Cuellar

Media Coverage

“Money Life Market Call” with Buffalo Small Cap Fund PM Jamie Cuellar

Overview

Buffalo Funds Small Cap co-portfolio manager Jamie Cuellar, CFA, recently appeared on the “Money Life with Chuck Jaffe” podcast.

During the call, Jamie goes in-depth on small-cap investing and provides an overview of his investment methodology. He also covers the current state of investing in small-cap technology and healthcare companies. Jamie also provides thoughts on the following companies:

  • ADTRAN (NASDAQ: ADTN)
  • Everi Holdings (NYSE: EVRI)
  • Castle Biosciences (NASDAQ: CSTL)
  • Expedia (NASDAQ: EXPE)
  • Vail Resorts (NYSE: MTN)
  • GoDaddy (NYSE: GDDY)
  • MasTec (NYSE: MTZ)

A lot of times we do see some growth names that get oversold, companies that we like a lot, and it gives us a good opportunity to buy those names at better prices or even buy some of those names that we missed on the way up.
~ Jamie Cuellar, CFA, Co-Portfolio Manager, Buffalo Small Cap Fund

MORE ABOUT JAMIE


Jamie Cuellar, CFA
Portfolio Manager
29 Years of Experience
 View full bio

As of 4/30/211 YR3 YR5 YR10 YRSince Inception
(4/14/98)
20192020
BUFFALO SMALL CAP FUND - Investor96.0233.6928.9016.3614.2540.9766.36
BUFFALO SMALL CAP FUND - Institutional96.4233.8929.0916.5414.4241.1766.60
Morningstar U.S. Small Growth Index63.2519.9019.7913.357.7127.6043.52

Expense ratio for BUFSX and BUISX is 1.02% and 0.87% respectively. Inception date for BUFSX and BUISX is 4/14/98 and 7/1/19 respectively. For Institutional Class performance prior to 7/1/19, performance of the Investor Class shares is used and includes expenses not applicable and lower than those of Investor Class shares. Average annual total return represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate and redemption value may be more or less than original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted and can be found here. Standardized quarter-end performance can be obtained here.

Opinions expressed are those of the author or Funds as of 5/14/21 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. A full listing of the Buffalo Small Cap Fund portfolio holdings can be found here. Past performance does not guarantee future results.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all 3 rating periods. The Buffalo Small Cap Fund (BUFSX) received 5 stars among 576 for the Overall, 4 stars among 576 for the 3-year, 4 stars among 503 for the 5-year, and 4 stars among 379 Small Growth funds for the 10-year period ending 3/31/21. © 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

EBITDA stands for earnings before interest, taxes, depreciation and amortization. EBITDA is one indicator of a company’s financial performance and is used as a proxy for a company’s current operating profitability. Cashflow is a measure of the cash produced by the firm in a given period on behalf of equity holders. The true measure of the value of a firm’s equity is considered to be the present value of all free cash flows.

As of 12/31/20 Buffalo Small Cap Fund top 10 equity holdings were Natera 2.98%, CareDx 2.38%, Kornit Digital 1.93%, Penn National Gaming 1.90%, Bandwidth 1.85%, Upwork 1.84%, Halozyme Therapeutics 1.84%, Lovesac 1.83%, Air Transport Services Group 1.74%, Guess? 1.73%. Top 10 holdings for the quarter are not disclosed until 60 days after quarter end. Fund holdings are subject to change and are not recommendations to buy or sell any securities.

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Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

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Kiplinger: Top-Performing Mutual Funds

Media Coverage

Kiplinger: Top-Performing Mutual Funds

Overview

Kiplinger recognized the Buffalo Small Cap and Early Stage Growth Funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending April 30, 2021.

The Buffalo Small Cap Fund (BUFSX) ranked #4 in the Small-Company Stock Funds category for the 20-year annualized return and #10 for 3-year annualized returns, based on Morningstar’s universe of 25,000+ funds. (BUFSX was not ranked in the top 10 for the 1-, 5-, or 10-year time periods)

The Buffalo Early Stage Growth Fund (BUFOX) ranked #8 in the Small-Company Stock Funds category for the 10-year annualized return. (BUFOX was not ranked in the top 10 for the 1-, 3-, 5-, or 20-year time periods)

Management Teams:

Performance data quoted represents past performance; past performance 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 of the funds may be lower of higher than the performance quoted. Quarter-end performance can be obtained here and month-end performance can be obtained here.
Small Cap Fund

Small Cap Fund

Total Assets $1.13 Billion  (3/31/21)
Expense Ratio 1.02% / 0.87%
Benchmark Morningstar U.S. Small Growth

Early Stage Growth Fund

Early Stage Growth Fund

Total Assets $131.77 Million  (3/31/21)
Expense Ratio 1.51% / 1.37%
Benchmark Morningstar U.S. Small Growth

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Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

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Barron’s Live “What to Watch in the Markets” Podcast with Buffalo Small Cap Fund PM Jamie Cuellar

Barron’s Live “What to Watch in the Markets” Podcast with Buffalo Small Cap Fund PM Jamie Cuellar

Media Coverage

Barron’s Live “What to Watch in the Markets” Podcast with Buffalo Small Cap Fund PM Jamie Cuellar

Overview

Buffalo Small Cap Fund co-portfolio manager Jamie Cuellar recently appeared on the Barron’s Live “What to Watch in the Markets” podcast.

During the segment, Jamie discusses where we are at in the small cap cycle, including valuation factors, and highlights several macroeconomic trends core to the Buffalo Funds investment philosophy — increasing demand for communications bandwidth and the rise of diagnostic and precision medicine. In the context of the discussion, Jamie also highlights several small cap companies taking advantage of these trends:

  • ADTRAN (NASDAQ: ADTN)
  • Bandwidth (NASDAQ: BAND)
  • Tenable (NASDAQ: TENB)
  • Castle Biosciences (NASDAQ: CSTL)

I think we’re very early in a multi-year cyclical upturn in communication spending, which is going to be great for communications equipment, optical systems and components, wireless equipment, and even communication semiconductors.

~ Jamie Cuellar, Co-Portfolio Manager, Buffalo Small Cap Fund

MORE ABOUT JAMIE


Jamie Cuellar
Portfolio Manager
29 Years of Experience
 View full bio

Opinions expressed are those of the author or Funds as of 4/19/21 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. A full listing of the Buffalo Small Cap Fund portfolio holdings can be found here. Past performance does not guarantee future results. Earnings growth is not representative of the Fund’s future performance. GDP is Gross Domestic Product. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability. Free cash flow is a measure of the cash produced by the firm in a given period on behalf of equity holders. The true measure of the value of a firm’s equity is considered to be the present value of all free cash flows. RFP means “request for proposal”. EBITDA means “earnings before interest, taxes, depreciation and amortization”. Fund holdings are subject to change and are not recommendations to buy or sell any securities. Cryptocurrency (notably bitcoin), often referred to as “virtual currency” or “digital currency”, operates as a decentralized peer-to-peer financial exchange and value storage that is used like money. Cryptocurrency operates without control authority or banks and is not backed by any government. Even indirectly, cryptocurrencies may experience very high volatility. Cryptocurrency is not a legal tender. Federal, state or foreign governments may restrict the use and exchange of cryptocurrency and regulation in the U.S. is still developing. Cryptocurrency exchanges may stop operating or shut down due to fraud, technical glitches, hackers, or malware.

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Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

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Kiplinger: Top-Performing Mutual Funds

Media Coverage

Kiplinger: Top-Performing Mutual Funds

Overview

Kiplinger recognized the Buffalo Small Cap and Early Stage Growth Funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending March 31, 2021.

The Buffalo Small Cap Fund (BUFSX) ranked #5 in the Small-Company Stock Funds category for the 20-year annualized return and #10 for 3-year annualized returns, based on Morningstar’s universe of 25,000+ funds. (BUFSX was not ranked in the top 10 for the 1-, 5-, or 10-year time periods)

The Buffalo Early Stage Growth Fund (BUFOX) ranked #7 in the Small-Company Stock Funds category for the 10-year annualized return. (BUFOX was not ranked in the top 10 for the 1-, 3-, 5-, or 20-year time periods)

Management Teams:

Performance data quoted represents past performance; past performance 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 of the funds may be lower of higher than the performance quoted. Quarter-end performance can be obtained here and month-end performance can be obtained here.
Small Cap Fund

Small Cap Fund

Total Assets $1.13 Billion  (3/31/21)
Expense Ratio 1.02% / 0.87%
Benchmark Morningstar U.S. Small Growth

Early Stage Growth Fund

Early Stage Growth Fund

Total Assets $131.77 Million  (3/31/21)
Expense Ratio 1.51% / 1.37%
Benchmark Morningstar U.S. Small Growth

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Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS

Kiplinger: Top-Performing Mutual Funds

Media Coverage

Kiplinger: Top-Performing Mutual Funds

Overview

Kiplinger recognized the Buffalo Small Cap and Early Stage Growth Funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending February 28, 2021.

The Buffalo Small Cap Fund (BUFSX) ranked #4 in the Small-Company Stock Funds category for the 20-year annualized return and #7 for 1-year annualized return, based on Morningstar’s universe of 25,000+ funds. (BUFSX was not ranked in the top 10 for the 3-, 5-, or 10-year time periods)

The Buffalo Early Stage Growth Fund (BUFOX) ranked #7 in the Small-Company Stock Funds category for the 10-year annualized return. (BUFOX was not ranked in the top 10 for the 1-, 3-, 5-, or 20-year time periods)

Management Teams:

Performance data quoted represents past performance; past performance 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 of the funds may be lower of higher than the performance quoted. Quarter-end performance can be obtained here and month-end performance can be obtained here.
Small Cap Fund

Small Cap Fund

Total Assets $1.13 Billion  (3/31/21)
Expense Ratio 1.02% / 0.87%
Benchmark Morningstar U.S. Small Growth

Early Stage Growth Fund

Early Stage Growth Fund

Total Assets $131.77 Million  (3/31/21)
Expense Ratio 1.51% / 1.37%
Benchmark Morningstar U.S. Small Growth

Sign Up for Automatic Updates

Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS

7 Buffalo Funds Named to IBD Best Mutual Funds 2021 List

7 Buffalo Funds Named to IBD Best Mutual Funds 2021 List

Media Coverage

7 Buffalo Funds Named to IBD Best Mutual Funds 2021 List

Overview

The Buffalo Funds recently had seven funds selected for the Investor’s Business Daily 2021 Best Mutual Funds Award Winner list, in the 6th annual ranking by the investment publication.

Best U.S. Diversified

  • Buffalo Early Stage Growth Fund
  • Buffalo Small Cap Fund
  • Buffalo Discovery Fund
  • Buffalo Large Cap Fund
  • Buffalo Growth Fund

Best Large Cap

  • Buffalo Large Cap Fund
  • Buffalo Growth Fund

Best Mid Cap

  • Buffalo Discovery Fund

Best Small Cap

  • Buffalo Early Stage Growth Fund
  • Buffalo Small Cap Fund

Best International

  • Buffalo International Fund

Best U.S. Taxable Bond

  • Buffalo High Yield Fund

Funds named to IBD’s list were chosen because they have outperformed their benchmark index over the past 1, 3, 5, and 10-year periods, as of 12/31/20. In order to make the list, funds must have outperformed in all four time periods. IBD made its selections from 3,368 mutual funds that met the criteria of having at least 10 years of operation.

We’re honored that our funds have been recognized in this way by IBD. These funds exemplify our firm’s goal of consistently delivering strong risk-adjusted performance to our shareholders, said Kent Gasaway, president of the Buffalo Funds.

To view IBD’s complete list and analysis of the Best Mutual Funds 2021, please visit: https://www.investors.com/etfs-and-funds/mutual-funds/best-mutual-funds-beating-sp-500-over-last-1-3-5-10-years/

Performance data quoted represents past performance; past performance 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 value. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained here. Performance data current to the most recent quarter-end may be obtained here. Performance is annualized for periods greater than 1 year.

Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

HIGHLIGHT

Seven Buffalo Funds were named to Investor’s Business Daily Best Mutual Funds 2021 list, including the Best U.S. Diversified, Growth, Large Cap, Mid Cap, Small Cap, International, and U.S. Taxable Bond Fund categories.

MEDIA CONTACT

Joel Crampton
Director of Marketing
(913) 647-9881
Email

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Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS