Buffalo Funds named to IBD Best Mutual Funds 2020

Buffalo Funds named to IBD Best Mutual Funds 2020

Media Coverage

Buffalo Funds named to IBD Best Mutual Funds 2020

Overview

The Buffalo International Fund (BUFIX) and the Buffalo High Yield Fund (BUFHX) are included on the Investor’s Business Daily 2020 Best Mutual Funds Award Winner list, in the 5th annual ranking by the investment publication, announced this week.

The International Fund was included in the Best International Stock Funds, and the High Yield Fund was included in the Best U.S. Taxable Bond Funds.

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 12/31/19. In order to make the list, funds must have outperformed in all four time periods. IBD made its selections from 3,374 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 Clay Brethour, president of the Buffalo Funds.

The Buffalo International Fund is managed by Bill Kornitzer and Nicole Kornitzer, a team that has been in place since 2009.

The Buffalo High Yield Fund is managed by Bob Male, Jamie Cuellar, and Alex Hancock.

To view IBD’s complete list and analysis of the Best Mutual Funds 2020, 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

BUFIX and BUFHX named to Investor’s Business Daily Best Mutual Funds 2020 list in the International Stock Fund and U.S. Taxable Bond Funds categories, respectively.

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.

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Top 20 Female Portfolio Managers in America 2019

Top 20 Female Portfolio Managers in America 2019

Media Coverage

Top 20 Female Portfolio Managers in America 2019

The Buffalo Funds is pleased to announce Nicole Kornitzer, CFA, was included in Citywire’s annual list of the top 20 female portfolio managers in the United States.

CityWire recently completed an analysis of 16,000 portfolio managers around the world and created a ranking of the top 20 female portfolio managers in the United States. Managers on the list are ranked by risk-adjusted returns of their fund portfolio over the past three years. To make the cut, they must also have top-quartile absolute returns in their particular investment disciplines over that period.

Nicole Kornitzer was included in the list for the second consecutive time – one of only seven women to accomplish the feat. “The fact there are seven of the same names in the 2019 and 2018 lists undoubtedly speaks to these investors’ skills and consistency, but it also reflects the fact that the strategies that worked three years ago – for example, long risk, growth equities and corporate bonds – are still working today,” said Frank Talbot, Head of Investment Research at Citywire.

Nicole, who was ranked #15, has co-managed the Buffalo International Fund since 2009. She also appeared in the Top 20 ranking in 2016.

“We believe Nicole’s inclusion on the Citywire top manager list is a strong testament to the quality of fund managers we have on staff, and we are proud of Nicole’s accomplishments,“ said Clay Brethour, CFA, Buffalo Funds President.

The Buffalo International Fund management team of Nicole Kornitzer and Bill Kornitzer, CFA, (manager since Fund’s inception) consistently apply the Buffalo Funds’ top-down, trend-based analysis, searching for companies that appear poised to benefit from long-term secular growth trends. Thorough country analysis, with an overlay of macro and financial country-specific data, and rigorous bottom-up stock selection help determine investment allocations. Ultimately, stocks are selected based on deep, fundamental research and strict valuation guidelines.

*An explanation of ‘manager ratio’ and how manager ratings are assigned can be found here.

International Fund

International Fund

Total Assets $361.63 Million  (3/31/20)
Expense Ratio 1.06% / 0.91%
Benchmark Morningstar Global Markets ex-US

Nicole Kornitzer, CFA
Portfolio Manager

19 Years of Experience

 View full bio

MEDIA CONTACT

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

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

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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

How an International Stock Fund Finds Its Winning Recipe

How an International Stock Fund Finds Its Winning Recipe

How an International Stock Fund Finds Its Winning Recipe

Overview

Buffalo International Fund co-portfolio manager Nicole Kornitzer, CFA, was recently interviewed by Barron’s about the parallels she finds in gourmet cooking and international investing. In the article, she describes the team’s approach to picking premier growth stocks based on in-depth analysis of company fundamentals and highlights the team’s long-term investment philosophy that focuses less on short-term market movements.

We need to be able to answer the question of why is the company going to continue growing.
~ Nicole Kornitzer, CFA

Nicole also discusses several foreign large-cap stocks in the BUFIX/BUIIX portfolio which illustrate the Fund’s investment process in action:

  • Sartorius Stedim Biotech – DIM.France
  • Tomra – TOM.Norway
  • LVMH Moet Hennessy – MC.France
  • Kering – KER.France
By clicking the button, you are leaving the Buffalo Funds website and entering a third-party website. The Fund is not responsible for, nor can guarantee the accuracy of, any information contained on a third-party website.
Diversification does not assure a profit, nor does it protect against a loss in a declining market. Past performance does not guarantee future results. Earnings growth is not representative of the fund’s future performance.

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. A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Annualized Performance (%)

As of 4/30/203 MOYTD1 YR3 YR5 YR10 YRSince Inception
(9/28/07)
BUFFALO INTERNATIONAL FUND - Investor-11.65-12.91-4.304.734.946.203.84
BUFFALO INTERNATIONAL FUND - Institutional-11.59-12.85-4.144.895.106.363.99
  Morningstar Global Markets ex-US Index-15.59-17.89-11.59-0.330.363.380.78
  Lipper International Fund Index-15.02-17.36-10.85-0.410.263.750.75
  Morningstar Foreign Large Growth Category-10.78-12.21-3.843.622.785.421.68

The expense ratio for BUIIX is 0.91% and 1.06% for BUFTX. 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 fund may be lower of higher than the performance quoted and can be found here; quarter-end performance can be found here. Performance is annualized for periods greater than 1 year.

BUFIX/BUIIX Portfolio Managers
– Bill Kornitzer, Nicole Kornitzer
HIGHLIGHT

Nicole Kornitzer, Buffalo International Fund co-portfolio manager, discusses her team’s approach to finding premier growth companies that are poised to take advantage of global trends.

MEDIA CONTACT

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

Related Articles


Top 20 Female Portfolio Managers in America 2019

List of the “Top 20 Female Portfolio Managers in the U.S.” according to Citywire includes Buffalo Fund manager Nicole Kornitzer, one of only 7 women to be included in consecutive years.

Kiplinger: Top-Performing Mutual Funds

Kiplinger recognized the Buffalo Small Cap and the Buffalo International funds as “Top-Performing Mutual Funds” in their recent fund analysis.

These European Companies Benefit from High Health-care Prices in the U.S.

These European Companies Benefit from High Health-care Prices in the U.S.

Media Coverage

These European Companies Benefit from High Health-care Prices in the U.S.

Overview

Buffalo Funds International co-portfolio manager Nicole Kornitzer, CFA, was recently interviewed by MarketWatch about her team’s top-down strategy of focusing on secular growth trends. She goes in-depth to discuss two trends around health care — “cost containment and increasing consumption as the middle class quickly expands in developing countries and as populations age”. She also provided several examples of European companies within the Fund’s portfolio that highlight their investment strategy at work:

  • Fresenius SE – FRE.XE
  • Grifols SA – GRF.MC
  • Sartorius Stedim Biotech – DIM.FR

The concern about health-care pricing is not limited to U.S. companies, it is a concern for all companies around the world that sell in the U.S. market. ~ Nicole Kornitzer, CFA, Co-Portfolio Manager, Buffalo International Fund

To access the MarketWatch article click here.

HIGHLIGHT

During an interview with MarketWatch, Nicole Kornitzer, CFA, (Buffalo International Fund co-portfolio manager) described her team’s top-down strategy when studying secular growth trends within the health care industry and identifies 3 companies which are well-positioned to benefit from these long-term trends.

MEDIA CONTACT

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

Opinions expressed are those of the author or Funds as of 6/27/19 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Past performance does not guarantee future results. References to other mutual funds should not to be considered an offer to buy or sell these securities. A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security. Earnings growth is not representative of the Fund’s future performance. All charts provided by MarketWatch.

4 star Overall Morningstar Rating™ of BUFIX based on risk-adjusted returns among 396 Foreign Large Growth funds as of 6/30/19. 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 three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-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 three-year period actually has the greatest impact because it is included in all three rating periods. The Buffalo International Fund (BUFIX) received 5 stars among 396 for the 3-year, 4 stars among 336 for the 5-year, and 4 stars among 247 Foreign Large Growth funds for the 10-year period ending 6/30/19. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three, five, and 10 years). These separate measures are then weighted and averaged to produce an overall measure for the fund. Funds with less than three years of performance history are not rated. ©2019 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. The Morningstar Style Box™ reveals a fund’s investment strategy by showing its investment style and market capitalization based on the fund’s portfolio holdings.

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

Focusing on Midcaps with Secular Growth Tailwinds

Focusing on Midcaps with Secular Growth Tailwinds

Media Coverage

Focusing on Midcaps with Secular Growth Tailwinds

Overview

Buffalo Funds Mid Cap co-portfolio managers Josh West, CFA, and Chris Carter, CFA, were recently interviewed by The Wall Street Transcript about their strategy of picking companies with secular growth tailwinds and the opportunities available during volatile markets. They also provided several examples of companies within the Fund’s portfolio that highlight their investment strategy at work:

  • MSCI – NYSE:MSCI
  • Laboratory Corp. of America – NYSE:LH
  • Quest Diagnostics – NYSE:DGX
  • UnitedHealth Group – NYSE:UNH
  • Live Nation Entertainment – NYSE:LYV
  • Proofpoint – NASDAQ:PFPT
  • Microsoft – NASDAQ:MSFT

I think you’ll find, in markets that get volatile like they did in Q4 and more recently, that we’re opportunistic, and the quality bias really protects capital on the downside while also providing ample upside. ~ Chris Carter, CFA, Co-Portfolio Manager, Buffalo Mid Cap Fund

To access The Wall Street Transcript article click here.

Diversification does not assure a profit, nor does it protect against a loss in a declining market.

Opinions expressed are those of the author or Funds as of 6/14/19 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Past performance does not guarantee future results.

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

A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Earnings growth is not representative of the Fund’s future performance.

All charts provided by The Wall Street Transcript.

HIGHLIGHT

Josh West and Chris Carter, Buffalo Mid Cap co-portfolio managers, discuss a variety of issues affecting their investment strategy, including the current interest rate environment, globalization, the growth of ESG investing, and Millennials.

MEDIA CONTACT

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

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

How an International Stock Fund Finds Its Winning Recipe

How a Small-Cap Fund Manager is Handling a Ruthless Period in the Stock Market

Media Coverage

How a Small-Cap Fund Manager is Handling a Ruthless Period in the Stock Market

Overview

Buffalo Small Cap Fund co-portfolio manager Jamie Cuellar, CFA, was recently interviewed by Barron’s about the recent market downturn for small-company stocks. In the article, he describes the team’s approach to picking premier growth stocks based on in-depth analysis of company fundamentals and highlights the BUFSX team’s long-term investment philosophy that focuses less on short-term market movements.

If anything, you’ve just got some better valuations for ideas you may have missed out on in the first place or something you’re really excited about. ~ Jamie Cuellar, CFA, Co-Portfolio Manager, Buffalo Small Cap Fund

In the interview, Jamie reviewed his career path to the Buffalo Funds and the changes he and his co-managers put in place for the portfolio to help improve the Fund’s investment strategy and valuation discipline.

The article also identifies several small-cap stocks in the BUFSX portfolio which illustrate the Fund’s investment process in action:

  • Twilio – TWLO
  • HealthEquity – HQY
  • PROS Holdings – PRO

CLICK HERE to access the Barron’s article.

Diversification does not assure a profit, nor does it protect against a loss in a declining market. Past performance does not guarantee future results. Earnings growth is not representative of the fund’s future performance.

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. A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Annualized Performance (%)

(as of 11/16/18)1 YR3 YR5 YR10 YR
Buffalo Small Cap Fund9.6012.755.5014.78
Russell 2000 Price Return Index2.739.736.4812.84
Russell 2000 Total Return Index4.0611.267.9314.41

The Buffalo Small Cap Fund expense ratio is 1.01%. The Barron’s article references Russell 2000 Price Return Index performance as of 11/16/18, instead of the commonly-used Russell 2000 Total Return Index. The price return is the rate of return on an investment portfolio, where the return measure takes into account only the capital appreciation of the portfolio, while the income generated by the assets in the portfolio, in the form of interest and dividends, is ignored. This contrasts with the total return, which does take into account the income generated in the portfolio.

Where the article references the “Buffalo Small Cap has out run the Russell 2000 by an average of two percentage points a year over the past decade,” the percentage difference between the Russell 2000 Price Return Index as of 11/16/18 (the date the article uses as a reference point for returns) was actually 1.68%. However, the 10-year outperformance of the Fund vs the Russell 2000 Price Return Index, averaged out across every day in 2018 up to 11/16/18, is 2.19%.

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 fund may be lower of higher than the performance quoted and can be found here; quarter-end performance can be found here. Performance is annualized for periods greater than 1 year.

BUFSX Portfolio Managers – Jamie Cuellar, Alex Hancock, Bob Male

HIGHLIGHT

Jamie Cuellar, BUFSX co-portfolio manager, discusses his team’s trend-spotting and portfolio-building strategies that have helped the Buffalo Small Cap Fund weather the recent market volatility.

MEDIA CONTACT

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

Featured Articles


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.