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Kiplinger recognized the Buffalo Small Cap and the Buffalo Emerging Opportunities funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending December 31, 2019.
The Buffalo Small Cap Fund (BUFSX) ranked #7 in the Small-Company Stock Funds category for 1-year and 20-year annualized returns* (not ranked in the top 10 for the 5-year or 10-year time periods). The Buffalo Emerging Opportunities Fund (BUFOX) ranked #8 in the same category for 10-year annualized returns* (not ranked in the top 10 for the 1-year or 5-year time periods).
* Based on Morningstar’s universe of 25,000+ funds
Management Teams:
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Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.
Kiplinger recognized the Buffalo Small Cap and the Buffalo Emerging Opportunities funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending November 30, 2019.
The Buffalo Small Cap Fund (BUFSX) ranked #4 in the Small-Company Stock Funds category for 20-year annualized returns, and the Buffalo Emerging Opportunities Fund (BUFOX) ranked #9 in the same category for 10-year annualized returns.
Management Teams:
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Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.
Kiplinger recognized the Buffalo Small Cap and the Buffalo International Funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending October 31, 2019.
The Buffalo Small Cap Fund (BUFSX) ranked #3 in the Small-Company Stock Funds category for 20-year annualized returns, and the Buffalo International Fund (NASDAQ: BUFIX) ranked #10 in the International Diversified Large-Company Funds category for 5-year annualized returns.
Management Teams:
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Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.
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:
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 YR | 3 YR | 5 YR | 10 YR |
---|---|---|---|---|
Buffalo Small Cap Fund | 9.60 | 12.75 | 5.50 | 14.78 |
Russell 2000 Price Return Index | 2.73 | 9.73 | 6.48 | 12.84 |
Russell 2000 Total Return Index | 4.06 | 11.26 | 7.93 | 14.41 |
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
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.
Joel Crampton
Director of Marketing
(913) 647-9881
As of August 31, 2016, U.S. News showed the Buffalo International Fund was ranked #4 of 385 Foreign Large Growth funds, the Buffalo Discovery Fund was ranked #7 of 630 Mid-Cap Growth funds, and the Buffalo Flexible Income Fund was ranked #15 of 380 Allocation–70% to 85% Equity funds. Other Buffalo Funds that ranked within the top 100 in their category include the Buffalo High Yield Fund (#41 of 712 High Yield Bond funds) and the Buffalo Large Cap Fund (#47 of 1,436 Large Growth funds).
For more information and current rankings, visit the U.S. News website here.
The U.S. News Best Mutual Fund Score is determined by the overall equal weightings of ratings from five data sources: Morningstar, Lipper, Zacks, TheStreet.com, and Standard & Poor’s as of 8/31/2016. To learn more about their scoring methodology, click here.
International Fund #4
Discovery Fund #7
Flexible Income Fund #15
Joel Crampton
Director of Marketing
(913) 647-9881
Click here for current ratings of the Buffalo Funds.
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.
While the U.S. News Mutual Fund Score combines all five equally weighted category scores to achieve its weighting, Lipper intends its measures to be used as individual assessments of a fund’s ability to meet specific goals, rather than as a cumulative measure of fund quality. Lipper rankings are comprised of five unique measures (Total Return, Consistent Return, Preservation, Expense, and Tax Efficiency), each with a 1-to-5 score, ranking each fund against its peers. The highest 20% of funds in each peer group are named Lipper Leaders, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. The overall calculation is based on an equal-weighted average of percentile ranks for each measure over three-, five-, and ten-year periods (if applicable). Lipper Ratings for Total Return reflect funds’ historical total return performance relative to peers. Lipper Ratings for Consistent Return reflect funds’ historical risk-adjusted returns, relative to peers. Lipper Ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Lipper Ratings for Tax Efficiency reflect funds’ historical success in postponing taxable distributions relative to peers. Lipper Ratings for Expense reflect funds’ expense minimization relative to peers with similar load structures.
The Zacks Mutual Fund Rank ranks funds on a scale from 1 to 5, with 1 being a Strong Buy and 5 being a Strong Sell. Each quarter, Zacks updates their Mutual Fund Rank by evaluating the average Zacks Rank for the stocks owned by the fund and blending this with other criteria their studies show is beneficial in finding funds that will outperform in the future. In general, the higher the average Zacks Rank for the stocks in the fund, then the higher the Zacks Mutual Fund Rank.
TheStreet.com Ratings Investment Ratings for Funds condense the available fund performance and risk data into a single composite opinion of each fund’s risk-adjusted performance. “A (Buy) Excellent” rating means the fund has an excellent track record of maximizing performance while minimizing risk, thus delivering the best possible combination of total return on investment and reduced volatility. “B (Buy) Good” rating means the fund has a good track record of balancing performance with risk. “C (Hold) Fair” rating ratings means the fund has a track record which is about average. “D (Sell) Weak” rating means the fund has underperformed the universe of other funds given the level of risk in its underlying investments, resulting in a weak risk-adjusted performance. “E (Sell) Very Weak” rating means the fund has significantly underperformed most other funds given the level of risk in its underlying investments, resulting in a very weak risk-adjusted performance. The plus sign (+) is an indication that the fund is in the top third of its letter grade. The minus sign (-) is an indication that the fund is in the bottom third of its letter grade. “U Unrated” rating means the fund does not have sufficient history to make a reliable assessment of its risk-adjusted performance.
The CFRA Rankings range from five-star (highest) to one-star (lowest) and follow a normalized distribution curve, based upon the fund’s rank in its Category. Top 10% receive five stars, next 20% receive four stars, middle 40% receive three stars, next 20% receive two stars, and the bottom 10% receive one star. Rankings are refreshed on a weekly basis to incorporate the latest inputs from the holdings-based analysis and the latest relative performance review.
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.
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.
Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.