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. As of 12/31/20 the Buffalo Small Cap Fund held Kornit Digital 1.93%, Bandwidth 1.85%, and ICF International 1.70%. 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. ESG (Environmental, Social, and Corporate Governance) refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business.
Annualized Performance (%)
|As of 3/31/21||3 MO||YTD||1 YR||3 YR||5 YR||10 YR||15 YR||20 YR||Since Inception|
|BUFFALO SMALL CAP FUND - Investor||6.29||6.29||120.78||31.91||27.45||16.01||11.73||13.17||14.02|
|BUFFALO SMALL CAP FUND - Institutional||6.32||6.32||121.14||32.10||27.63||16.18||11.90||13.34||14.19|
| Morningstar U.S. Small Growth Index||-0.42||-0.42||81.92||18.48||19.43||13.36||10.25||9.47||7.59|
| Lipper Small Cap Growth Fund Index||4.83||4.83||89.96||20.17||20.49||13.47||9.97||9.48||8.58|
| Morningstar Small Growth Category||6.93||6.93||95.97||20.49||20.46||13.43||10.33||10.54||8.86|
The expense ratio for BUISX is 0.87% and 1.02% for BUFSX. 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. Fund performance may be subject to substantial short term changes.
Annualized Performance (%) as of 12/31/20
| ||1 Yr||3 yr||5 Yr||10 Yr|
|Buffalo Small Cap Fund (BUFSX)||66.36||30.25||24.43||15.94|
|Russell 2000 Growth Total Return Index||34.63||16.20||16.36||13.48|