Performance & Pricing

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As of 12/31/2018Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX, 4/16/01, 1.03%
-6.54-6.547.367.6715.928.40
EMERGING OPPORTUNITIES
    BUFOX, 5/21/04, 1.49%
-3.95-3.9510.702.6216.617.61
GROWTH
    BUFGX, 5/19/95, 0.92%
0.510.518.987.6613.679.61
LARGE CAP
    BUFEX, 5/19/95, 0.96%
-1.63-1.639.519.6714.929.15
MID CAP
    BUFMX, 12/17/01, 1.02%
-7.30-7.303.733.2811.676.99
SMALL CAP
    BUFSX, 4/14/98, 1.02%
-5.78-5.788.342.5711.6110.67
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX, 9/28/07, 1.05%
-8.85-8.856.753.489.233.30
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX, 12/3/12, 0.96%
-5.05-5.057.888.72-10.99
FLEXIBLE INCOME
    BUFBX, 8/12/94, 1.01%
-7.00-7.004.993.289.276.80
HIGH YIELD
    BUFHX, 5/19/95, 1.03%
-2.26-2.263.382.788.786.77
As of 12/31/2018Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX, 4/16/01, 1.03%
-6.54-6.547.367.6715.928.40
  Morningstar U.S. Mid Growth Index-3.16-3.169.027.1514.546.98
  Russell Midcap Growth Index-4.75-4.758.597.4215.127.96
EMERGING OPPORTUNITIES
    BUFOX, 5/21/04, 1.49%
-3.95-3.9510.702.6216.617.61
  Morningstar U.S. Small Growth Index-5.67-5.678.575.5313.898.37
  Russell 2000 Growth Index-9.31-9.317.245.1313.528.32
GROWTH
    BUFGX, 5/19/95, 0.92%
0.510.518.987.6613.679.61
  Morningstar U.S. Growth Index0.780.7810.439.8715.50-
  Russell 1000 Growth Index-1.51-1.5111.1510.4015.298.74
LARGE CAP
    BUFEX, 5/19/95, 0.96%
-1.63-1.639.519.6714.929.15
  Morningstar U.S. Large Growth Index2.942.9411.1811.1015.92-
  Russell 1000 Growth Index-1.51-1.5111.1510.4015.298.74
MID CAP
    BUFMX, 12/17/01, 1.02%
-7.30-7.303.733.2811.676.99
  Morningstar U.S. Mid Growth Index-3.16-3.169.027.1514.547.61
  Russell Midcap Growth Index-4.75-4.758.597.4215.128.17
SMALL CAP
    BUFSX, 4/14/98, 1.02%
-5.78-5.788.342.5711.6110.67
  Morningstar U.S. Small Growth Index-5.67-5.678.575.5313.895.35
  Russell 2000 Growth Index-9.31-9.317.245.1313.525.38
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX, 9/28/07, 1.05%
-8.85-8.856.753.489.233.30
  Morningstar Global Markets ex-US Index-14.17-14.174.851.377.370.89
  Russell Global ex-US Index-14.69-14.694.410.977.250.55
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX, 12/3/12, 0.96%
-5.05-5.057.888.72-10.99
  Morningstar U.S. Large-Mid Cap Index-4.52-4.529.058.20-12.12
  S&P 500 Index-4.38-4.389.268.49-12.25
FLEXIBLE INCOME
    BUFBX, 8/12/94, 1.01%
-7.00-7.004.993.289.276.80
  Combined Index
      Morningstar U.S. Large Cap Index (60%)
      ICE BofAML U.S. High Yield Index (40%)
-2.97
-3.44
-2.26
-2.97
-3.44
-2.26
8.68
9.62
7.27
6.80
8.78
3.82
12.17
12.96
10.99
8.34
9.07
7.24
  BofA ML Combined Index
      S&P 500 Index (60%)
      ICE BofAML U.S. High Yield Index (40%)
-3.53
-4.38
-2.26
-3.53
-4.38
-2.26
8.46
9.26
7.27
6.62
8.49
3.82
12.27
13.12
10.99
8.48
9.31
7.24
HIGH YIELD
    BUFHX, 5/19/95, 1.03%
-2.26-2.263.382.788.786.77
  ICE BofAML U.S. High Yield Index-2.26-2.267.273.8210.996.93

Show / Hide Benchmarks

As of 12/31/2018Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX, 4/16/01, 1.03%
-6.54-6.547.367.6715.928.40
EMERGING OPPORTUNITIES
    BUFOX, 5/21/04, 1.49%
-3.95-3.9510.702.6216.617.61
GROWTH
    BUFGX, 5/19/95, 0.92%
0.510.518.987.6613.679.61
LARGE CAP
    BUFEX, 5/19/95, 0.96%
-1.63-1.639.519.6714.929.15
MID CAP
    BUFMX, 12/17/01, 1.02%
-7.30-7.303.733.2811.676.99
SMALL CAP
    BUFSX, 4/14/98, 1.02%
-5.78-5.788.342.5711.6110.67
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX, 9/28/07, 1.05%
-8.85-8.856.753.489.233.30
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX, 12/3/12, 0.96%
-5.05-5.057.888.72-10.99
FLEXIBLE INCOME
    BUFBX, 8/12/94, 1.01%
-7.00-7.004.993.289.276.80
HIGH YIELD
    BUFHX, 5/19/95, 1.03%
-2.26-2.263.382.788.786.77
As of 12/31/2018Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX, 4/16/01, 1.03%
-6.54-6.547.367.6715.928.40
  Morningstar U.S. Mid Growth Index-3.16-3.169.027.1514.546.98
  Russell Midcap Growth Index-4.75-4.758.597.4215.127.96
EMERGING OPPORTUNITIES
    BUFOX, 5/21/04, 1.49%
-3.95-3.9510.702.6216.617.61
  Morningstar U.S. Small Growth Index-5.67-5.678.575.5313.898.37
  Russell 2000 Growth Index-9.31-9.317.245.1313.528.32
GROWTH
    BUFGX, 5/19/95, 0.92%
0.510.518.987.6613.679.61
  Morningstar U.S. Growth Index0.780.7810.439.8715.50-
  Russell 1000 Growth Index-1.51-1.5111.1510.4015.298.74
LARGE CAP
    BUFEX, 5/19/95, 0.96%
-1.63-1.639.519.6714.929.15
  Morningstar U.S. Large Growth Index2.942.9411.1811.1015.92-
  Russell 1000 Growth Index-1.51-1.5111.1510.4015.298.74
MID CAP
    BUFMX, 12/17/01, 1.02%
-7.30-7.303.733.2811.676.99
  Morningstar U.S. Mid Growth Index-3.16-3.169.027.1514.547.61
  Russell Midcap Growth Index-4.75-4.758.597.4215.128.17
SMALL CAP
    BUFSX, 4/14/98, 1.02%
-5.78-5.788.342.5711.6110.67
  Morningstar U.S. Small Growth Index-5.67-5.678.575.5313.895.35
  Russell 2000 Growth Index-9.31-9.317.245.1313.525.38
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX, 9/28/07, 1.05%
-8.85-8.856.753.489.233.30
  Morningstar Global Markets ex-US Index-14.17-14.174.851.377.370.89
  Russell Global ex-US Index-14.69-14.694.410.977.250.55
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX, 12/3/12, 0.96%
-5.05-5.057.888.72-10.99
  Morningstar U.S. Large-Mid Cap Index-4.52-4.529.058.20-12.12
  S&P 500 Index-4.38-4.389.268.49-12.25
FLEXIBLE INCOME
    BUFBX, 8/12/94, 1.01%
-7.00-7.004.993.289.276.80
  Combined Index
      Morningstar U.S. Large Cap Index (60%)
      ICE BofAML U.S. High Yield Index (40%)
-2.97
-3.44
-2.26
-2.97
-3.44
-2.26
8.68
9.62
7.27
6.80
8.78
3.82
12.17
12.96
10.99
8.34
9.07
7.24
  BofA ML Combined Index
      S&P 500 Index (60%)
      ICE BofAML U.S. High Yield Index (40%)
-3.53
-4.38
-2.26
-3.53
-4.38
-2.26
8.46
9.26
7.27
6.62
8.49
3.82
12.27
13.12
10.99
8.48
9.31
7.24
HIGH YIELD
    BUFHX, 5/19/95, 1.03%
-2.26-2.263.382.788.786.77
  ICE BofAML U.S. High Yield Index-2.26-2.267.273.8210.996.93
FUNDTICKERINCEPTION2018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994
DISCOVERYBUFTX4/16/2001-6.54%25.44%5.56%5.64%10.68%36.61%19.73%-0.69%22.96%51.62%-36.87%8.15%11.96%6.91%15.69%62.68%-39.01%1.50%*
DIVIDEND FOCUSBUFDX12/3/2012-5.05%18.02%12.06%0.13%20.81%23.93%
EMERGING OPPORTUNITIESBUFOX5/21/2004-3.95%27.18%11.05%-9.41%-7.38%61.70%24.30%8.14%26.86%48.16%-48.30%-11.88%12.54%9.50%11.90%*
FLEXIBLE INCOMEBUFBX8/12/1994-7.00%13.21%9.90%-1.97%3.59%16.68%10.31%9.63%11.68%31.07%-29.47%9.62%16.76%5.41%14.07%25.82%-16.01%0.83%8.05%5.44%-2.78%15.09%19.33%20.30%-3.07%*
GROWTHBUFGX5/19/19950.51%22.81%4.86%2.64%8.88%35.40%11.86%-0.06%23.28%33.34%-32.69%7.76%12.44%4.59%7.13%36.11%-25.43%-10.54%8.80%37.31%7.90%19.04%36.75%11.51%*
HIGH YIELDBUFHX5/19/1995-2.26%5.98%6.65%1.80%1.96%9.40%10.35%3.54%12.45%44.01%-21.30%3.78%8.61%-0.88%8.38%20.25%4.01%10.58%4.42%1.97%-5.33%15.76%16.68%12.87%*
INTERNATIONALBUFIX9/28/2007-8.85%29.33%3.19%-0.45%-2.04%19.29%19.01%-13.82%13.73%46.45%-40.82%0.70%*
LARGE CAPBUFEX5/19/1995-1.63%24.86%6.90%7.15%12.76%32.76%17.23%-5.60%14.32%50.74%-40.84%8.10%10.45%1.98%7.81%29.72%-24.76%-14.87%20.53%15.41%10.68%24.22%29.25%23.35%*
MID CAPBUFMX12/17/2001-7.30%13.66%5.93%-0.52%5.85%29.25%13.93%-5.83%24.34%48.80%-39.43%9.97%5.68%13.83%16.60%43.66%-22.13%0.30%*
SMALL CAPBUFSX4/14/1998-5.78%27.07%6.22%-4.46%-6.55%44.15%19.93%-4.66%16.59%37.49%-29.84%-0.33%13.95%3.22%28.82%51.24%-25.75%31.18%33.69%34.79%-3.28%*
*Partial year. Inception to year-end.
As of January 17, 2019
FUNDTICKERNAVCNG ($) CNG (%)YTD (%)
DISCOVERYBUFTX$22.28$0.150.68%5.29%
DIVIDEND FOCUSBUFDX$15.75$0.090.57%4.58%
EMERGING OPPORTUNITIESBUFOX$14.05$0.070.50%7.33%
FLEXIBLE INCOMEBUFBX$14.43$0.110.77%5.17%
GROWTHBUFGX$22.79$0.140.62%4.69%
HIGH YIELDBUFHX$10.66$0.010.09%2.21%
INTERNATIONALBUFIX$13.71$0.060.44%3.32%
LARGE CAPBUFEX$28.19$0.160.57%4.56%
MID CAPBUFMX$12.86$0.080.63%6.46%
SMALL CAPBUFSX$11.53$0.121.05%8.98%

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 may be lower or higher than the performance quoted and month-end can be obtained by clicking here. Performance is annualized for periods greater than 1 year.

As of July 27, 2018, the Morningstar indices have replaced the Russell indices as the Funds’ primary benchmark. The Advisor believes that the new indices are more appropriate given the Funds’ holdings.

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3 Conversations During Market Volatility – A quick guide to help re-evaluate investment risk tolerances during periods of market unrest – June 2018

Ratings & Rankings

OVERALL MORNINGSTAR RATINGSTM

FUND NAMETICKEROVERALL3 YR5 YR10 YRCATEGORY
DISCOVERYBUFTX     
51% of 540 funds
   
19% of 487 funds
    
7% of 340 funds
Mid-Cap Growth
DIVIDEND FOCUSBUFDX     
56% of 1206 funds
    
6% of 1069 funds
Large Blend
EMERGING OPPORTUNITIESBUFOX     
21% of 583 funds

88% of 516 funds
   
6% of 391 funds
Small Growth
FLEXIBLE INCOMEBUFBX   
59% of 322 funds
 
68% of 280 funds
   
41% of 196 funds
Allocation--70% to 85% Equity
GROWTHBUFGX    
53% of 1246 funds
  
62% of 1106 funds
  
52% of 798 funds
Large Growth
HIGH YIELDBUFHX  
94% of 603 funds
  
53% of 507 funds
  
71% of 329 funds
High Yield Bond
INTERNATIONALBUFIX        
8% of 364 funds
    
11% of 315 funds
    
13% of 228 funds
Foreign Large Growth
LARGE CAPBUFEX     
45% of 1246 funds
   
29% of 1106 funds
   
27% of 798 funds
Large Growth
MID CAPBUFMX  
89% of 540 funds
 
85% of 487 funds
 
84% of 340 funds
Mid-Cap Growth
SMALL CAPBUFSX   
53% of 583 funds
 
89% of 516 funds
 
84% of 391 funds
Small Growth
Rankings listed are for the period ended 12/31/18. 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. Each Morningstar category average represents a universe of funds with similar objectives. The Morningstar percentile ranking is based on the fund’s total-return percentile rank relative to all managed products that have the same category for the same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. Morningstar total return includes both income and capital gains or losses and is not adjusted for sales charges. © 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.

Dividends & Distributions

Discovery Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsTotal Distribution
12/18/2018$21.26$0.16619$1.31735$1.48354
12/19/2017$24.34$0.54728$0.57634$1.12362
12/20/2016$20.47$0.28301$0.23560$0.51861
12/18/2015$19.30$0.25073$1.23253$1.48326
12/18/2014$19.86$0.30280$1.75262$2.05542
12/18/2013$19.44$0.52163$0.98886$1.51049
12/18/2012$15.87$0.03194643$1.19021$1.22215643
12/20/2011$14.08$0.09271$0.89769$0.99040
12/20/2010$15.25$0.31678$0.31678
12/18/2007$13.25$0.16525$0.58416$0.74941
12/19/2006$13.12$0.22628$0.22628
12/20/2005$12.39$0.04532$0.04532

Dividend Focus Fund

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainsLong-Term Capital GainsDistribution Total
12/18/18$15.33$0.08791977$0.02500$0.51339$0.62630977
9/18/18$17.96$0.05499230--$0.05499230
6/19/18$16.99$0.05791680--$0.05791680
3/20/18$16.72$0.04369471--$0.04369471
12/19/17$16.73$0.05315489$0.15204-$0.20519489
9/19/17$15.79$0.05107348--$0.05107348
6/20/17$15.53$0.04405814--$0.04405814
3/20/17$15.37$0.04662158--$0.04662158
12/20/16$14.58$0.04502534$0.06489$0.03508$0.14499534
9/20/16$13.78$0.04538819--$0.04538819
6/20/16$13.34$0.04391608--$0.04391608
3/18/16$13.15$0.04845082--$0.04845082
12/18/15$12.88$0.04061333$0.14263$0.11942$0.30266333
9/18/15$12.94$0.03816853--$0.03816853
6/18/15$14.29$0.04120635--$0.04120635
3/18/15$13.89$0.04200730--$0.04200730
12/18/14$13.53$0.03066401$0.54808$0.10086$0.67960401
9/18/14$13.50$0.02424009--$0.02424009
6/18/14$13.05$0.03496855--$0.03496855
3/18/14$12.11$0.03702784--$0.03702784
12/18/13$11.56$0.04725764$0.38271-$0.42996764
9/18/13$11.47$0.03960545--$0.03960545
6/18/13$11.13$0.03967611--$0.03967611
3/19/13$10.36$0.01492578--$0.01492578
2019 Distribution Dates:
Record Date: March 18 | Payable Date: March 19
Record Date: June 17 | Payable Date: June 18
Record Date: September 17 | Payable Date: September 18
Record Date: December 17 | Payable Date: December 18

Emerging Opportunities Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$12.99-$0.48040$1.41757$1.89797
12/19/2017$15.68-$1.57593$1.55028$3.12621
12/20/2016$14.89-$0.07442$1.15561$1.23003
12/18/2015$14.20--$1.22545$1.22545
12/18/2014$16.92-$0.71582$0.53807$1.25389
12/18/2013$19.26--$0.04726$0.04726
12/18/2008$4.78-$0.00909$0.47624$0.48533
12/18/2007$10.28--$1.02578$1.02578
12/19/2006$12.91--$0.69402$0.69402
12/20/2005$12.15-$0.05271$0.05271$0.05271

Flexible Income Fund

Notice on October 2018 Distribution: One of the Fund holdings, Keurig Dr. Pepper, reclassified a portion of its July dividend distribution as a return of capital rather than dividend income, which resulted in a higher-than-normal distribution to shareholders of the Buffalo Flexible Income Fund in July. The Fund opted to forego a distribution in October and resumed normal distribution payments in November.
2018
2019 Distribution Dates:
Record Date: January 17 | Payable Date: January 18
Record Date: February 19 | Payable Date: February 20
Record Date: March 18 | Payable Date: March 19
Record Date: April 17 | Payable Date: April 18
Record Date: May 17 | Payable Date: May 18
Record Date: June 17 | Payable Date: June 18
Record Date: July 17 | Payable Date: July 18
Record Date: August 19 | Payable Date: August 20
Record Date: September 17 | Payable Date: September 18
Record Date: October 17 | Payable Date: October 18
Record Date: November 18 | Payable Date: November 19
Record Date: December 17 | Payable Date: December 18

Record DatePayable DateDistribution NAVNet Investment IncomeShort-Term Capital GainsLong-Term Capital GainsDistribution Total
12/17/1812/18/18$13.86$0.00583026$0.01651$0.42416$0.44650026
11/19/1811/20/18$15.00$0.02204593--$0.02204593
No distribution for October 2018
9/17/189/18/18$16.04$0.02689378--$0.02689378
8/17/188/18/18$15.86$0.05035470--$0.05035470
7/17/187/18/18$15.66$0.12908504--$0.12908504
6/18/186/19/18$15.62$0.02556148--$0.02556148
5/17/185/18/18$15.59$0.04873401--$0.04873401
4/17/184/18/18$15.51$0.01254410--$0.01254410
3/19/183/20/18$15.06$0.02352098--$0.02352098
2/20/182/21/18$14.98$0.02173024--$0.02173024
1/17/181/18/18$16.06$0.01756997--$0.01756997
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Growth Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$21.86$0.00792452$0.03868$7.49392$7.54052452
12/19/2017$29.37$0.45372538$0.04746$5.46795$5.96913538
12/20/2016$29.11$0.22095542$0.02407$1.40548$1.65050542
12/18/2015$28.33$0.19258759$0.10370$5.01257$5.30885759
12/18/2014$33.24$0.17825270$0.28103$4.21259$4.67187270
12/18/2013$34.05$0.22328061$0.67239$1.35484$2.25051061
12/18/2012$27.66$0.12419647--$0.12419647
12/20/2011$24.47$0.00389823$0.09326$0.35463$0.45178823
12/20/2010$24.95$0.05757300-$0.00636$0.05757300
12/18/2009$20.08$0.09953559--$0.09953559
12/18/2008$15.19$0.08357339-$0.06905$0.15262339
12/18/2007$23.01$0.04799693-$0.05611$0.10410693
12/19/2006$22.26$0.03565$0.13123$0.54877$0.71565
12/20/2005$20.62$0.0206--$0.0206
12/20/2004$19.41$0.0856--$0.0856
12/27/2000$19.33-$0.38$2.47$2.85
12/23/1999$20.54$0.016$0.751$0.168$0.935
12/23/1998$15.86$0.02$0.05$0.46$0.53
12/30/1997$15.22$0.0353$0.6978$0.3179$1.051

High Yield Fund

2018
Record DatePayable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/17/1812/18/18$10.56$0.05134133-$0.03373$0.08507133
11/19/1811/20/18$10.70$0.04761449--$0.04761449
10/17/1810/18/18$10.91$0.04352845--$0.04352845
9/17/189/18/18$11.03$0.04311381--$0.04311381
8/17/188/18/18$10.99$0.04221328--$0.04221328
7/17/187/18/18$10.98$0.04102382--$0.04102382
6/18/186/19/18$10.98$0.04384928--$0.04384928
5/17/185/18/18$10.96$0.03754385--$0.03754385
4/17/184/18/18$11.04$0.04513687--$0.04513687
3/19/183/20/18$11.05$0.02812855--$0.02812855
2/20/182/21/18$11.10$0.04074117--$0.04074117
1/17/181/18/18$11.22$0.04091150--$0.04091150
2019 Distribution Dates:
Record Date: January 17 | Payable Date: January 18
Record Date: February 19 | Payable Date: February 20
Record Date: March 18 | Payable Date: March 19
Record Date: April 17 | Payable Date: April 18
Record Date: May 17 | Payable Date: May 18
Record Date: June 17 | Payable Date: June 18
Record Date: July 17 | Payable Date: July 18
Record Date: August 19 | Payable Date: August 20
Record Date: September 17 | Payable Date: September 18
Record Date: October 17 | Payable Date: October 18
Record Date: November 18 | Payable Date: November 19
Record Date: December 17 | Payable Date: December 18

2017 ▼
2016 ▼
2015 ▼
2014 ▼
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2012 ▼
2011 ▼
2010 ▼
2009 ▼
2008 ▼
2007 ▼
2006 ▼
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1998 ▼
1997 ▼
1996 ▼
1995 ▼

International Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$13.29$0.07689330-$0.24406$0.32095330
12/19/2017$14.83$0.04372743-$0.00987$0.05359743
12/20/2016$11.40$0.11967161--$0.11967161
12/18/2015$11.16$0.04917041--$0.04917041
1/2/2015$11.39$0.00898943--$0.00898943
12/18/2014$11.51$0.06099474--$0.06099474
12/18/2013$11.42$0.02100800--$0.02100800
12/18/2012$9.85$0.04132905--$0.04132905
12/20/2011$8.22$0.04747890--$0.04747890
12/20/2010$9.52$0.04739330--$0.04739330
12/18/2009$8.39$0.05949379--$0.05949379

Large Cap Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$27.28$0.11071320$0.23096$1.27526$1.61693
12/19/2017$29.21$0.04073177$0.59814$0.90750$1.54637
12/20/2016$24.85$0.12945793-$0.68562$0.81508
12/18/2015$23.19$0.03755841$0.35078$1.22767$1.61601
12/18/2014$23.59$0.04829253$0.75190$2.00614$2.80633
12/18/2013$22.93$0.08402260$0.00793$3.45779$3.54974
12/18/2012$20.48$0.14733181-$1.41481$1.56214
12/20/2011$18.47$0.03749914-$0.12032$0.15782
12/20/2010$19.84$0.06162226--$0.06162
12/18/2009$17.23$0.03602111--$0.03602
12/18/2008$11.52$0.00052069--$0.00052
12/18/2007$21.57--$0.34569$0.34569

Mid Cap Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$12.16--$0.54034$0.54034
12/19/2017$13.63-$0.81281$2.61912$3.43193
12/20/2016$15.28-$0.07465$1.19800$1.27265
12/18/2015$15.12--$2.00198$2.00198
12/18/2014$17.38--$2.41814$2.41814
12/18/2013$18.34-$0.15802$2.92247$3.08049
12/18/2012$17.05$0.01320027-$0.79339$0.80659
12/20/2011$15.36--$0.31966$0.31966
12/18/2007$15.32-$0.10022$1.11903$1.21925
12/19/2006$15.01-$0.00239$0.29034$0.29273
12/20/2005$14.35-$0.07202$0.15250$0.22452
12/20/2004$12.56-$0.04892$0.10853$0.15745

Small Cap Fund

2019 Distribution Date:
Record Date: December 17 | Payable Date: December 18

Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2018$10.74-$0.08214$3.19956$3.28170
12/19/2017$14.67-$0.39899$4.04335$4.44234
12/20/2016$15.31-$0.69997$3.08636$3.78633
12/18/2015$17.42--$12.38628$12.38628
12/18/2014$31.56--$3.26196$3.26196
12/18/2013$36.31-$0.39542$2.80163$3.19705
12/18/2012$28.07-$0.26576$1.45619$1.72195
12/20/2011$24.98--$0.05742$0.05742
12/18/2009$22.00$0.02683352--$0.02683
12/18/2007$23.94-$0.27699$2.37972$2.65671
12/19/2006$26.77--$2.03706$2.03706
12/20/2005$25.50-$0.17140$2.93558$3.10698
12/20/2004$26.83-$0.45605$0.42046$0.87651
12/18/2003$21.81--$0.19938$0.19938
12/26/2001$19.36--$0.03050$0.03050
12/27/2000$13.99-$0.23000$1.44000$1.67000
12/23/1999$12.15-$0.21000-$0.21000
12/23/1998$9.27$0.04000000--$0.04000

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.

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