Institutional Class Shares – FAQs
On July 1, 2019, shares of the Buffalo Funds were re-designated as “Investor Class” shares and new “Institutional Class” shares were created. Accounts that met the eligibility requirements were automatically converted to the new Institutional Class of shares on July 1st.
New Ticker Symbols, CUSIPs, Expense Ratios
| FUND NAME | INSTITUTIONAL CLASS | INVESTOR CLASS |
||||
| As of 12/31/2022 | Symbol | CUSIP | Expense Ratio | Symbol | CUSIP | Expense Ratio |
| DISCOVERY | BUITX | 119530707 | 0.86% | BUFTX | 119530103 | 1.00% |
| DIVIDEND FOCUS | BUIDX | 119530806 | 0.78% | BUFDX | 119530608 | 0.93% |
| EARLY STAGE GROWTH | BUIOX | 119530889 | 1.33% | BUFOX | 119530301 | 1.46% |
| FLEXIBLE INCOME | BUIBX | 119530871 | 0.86% | BUFBX | 119428100 | 1.01% |
| GROWTH | BIIGX | 119530863 | 0.77% | BUFGX | 119826105 | 0.92% |
| HIGH YIELD | BUIHX | 119530855 | 0.87% | BUFHX | 119539104 | 1.02% |
| INTERNATIONAL | BUIIX | 119530848 | 0.88% | BUFIX | 119530509 | 1.03% |
| LARGE CAP | BUIEX | 119530830 | 0.78% | BUFEX | 119628105 | 0.93% |
| MID CAP | BUIMX | 119530822 | 0.87% | BUFMX | 119530202 | 1.02% |
| SMALL CAP | BUISX | 119530814 | 0.86% | BUFSX | 119804102 | 1.01% |
All expense ratios are current as of July 1, 2019. For additional information, please review the updated Prospectus.
Frequently Asked Questions
Why is Buffalo doing this?▼
Am I being converted to the new class?▼
Will my account number change because of this conversion?▼
Can I aggregate my various accounts to reach the Institutional threshold?▼
If I reach the threshold after 7/1/19, will you automatically convert me?▼
Must I maintain my $250,000 balance once I’m in the Institutional Class?▼
In the Institutional Class, is the minimum per fund $1,000 so long as the overall investment is at least $250,000?▼
Is this conversion a taxable event?▼
Does this conversion impact my cost-basis?▼
Can I claim a stepped-up cost-basis to the account value as of July 1st for taxes?▼
For More Information:
Investors or Shareholders
Shareholder Services Team
(800) 492-8332
Advisors or Institutional Investors
Christopher Crawford
ccrawford@buffalofunds.com
(913) 647-2321
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.