Performance & Pricing

Show / Hide Benchmarks
As of 12/31/2020Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX - Investor, 4/16/01, 1.02%
    BUITX - Institutional, 7/1/19, 0.87%

33.81
34.03

33.81
34.03

18.08
18.26

16.87
17.04

15.27
15.44

10.65
10.82
EARLY STAGE GROWTH*
    BUFOX - Investor, 5/21/04, 1.51%
    BUIOX - Institutional, 7/1/19, 1.37%

47.69
47.96

47.69
47.96

23.88
24.07

21.84
22.03

17.22
17.39

11.14
11.31
GROWTH
    BUFGX - Investor, 5/19/95, 0.93%
    BIIGX - Institutional, 7/1/19, 0.79%

28.29
28.49

28.29
28.49

19.37
19.55

16.98
17.16

14.00
14.17

11.09
11.25
LARGE CAP
    BUFEX - Investor, 5/19/95, 0.95%
    BUIEX - Institutional, 7/1/19, 0.81%

28.08
28.28

28.08
28.28

18.41
18.59

17.25
17.43

14.68
14.85

10.64
10.81
MID CAP
    BUFMX - Investor, 12/17/01, 1.03%
    BUIMX - Institutional, 12/17/01, 0.90%

34.18
34.42

34.18
34.42

19.73
19.91

15.62
15.80

11.68
11.84

9.72
9.89
SMALL CAP
    BUFSX - Investor, 4/14/98, 1.02%
    BUISX - Institutional, 7/1/19, 0.87%

66.36
66.60

66.36
66.60

30.25
30.44

24.43
24.61

15.94
16.11

13.88
14.05
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX - Investor, 9/28/07, 1.05%
    BUIIX - Institutional, 7/1/19, 0.90%

19.10
19.24

19.10
19.24

11.60
11.75

13.15
13.31

8.27
8.43

6.12
6.27
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX - Investor, 12/3/12, 0.96%
    BUIDX - Institutional, 7/1/19, 0.81%

16.64
16.83

16.64
16.83

12.23
12.41

13.33
13.51

-
-

13.63
13.80
FLEXIBLE INCOME
    BUFBX - Investor, 8/12/94, 1.02%
    BUIBX - Institutional, 7/1/19, 0.87%

-2.24
-2.10

-2.24
-2.10

2.59
2.72

6.08
6.23

6.77
6.92

6.88
7.03
HIGH YIELD
    BUFHX - Investor, 5/19/95, 1.03%
    BUIHX - Institutional, 7/1/19, 0.89%

9.27
9.43

9.27
9.43

6.25
6.38

6.28
6.42

5.81
5.96

7.08
7.24
As of 12/31/2020Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX - Investor, 4/16/01, 1.02%
    BUITX - Institutional, 7/1/19, 0.87%

33.81
34.03

33.81
34.03

18.08
18.26

16.87
17.04

15.27
15.44

10.65
10.82
  Morningstar U.S. Mid Growth Index46.1746.1724.4020.8315.5910.02
EARLY STAGE GROWTH*
    BUFOX - Investor, 5/21/04, 1.51%
    BUIOX - Institutional, 7/1/19, 1.37%

47.69
47.96

47.69
47.96

23.88
24.07

21.84
22.03

17.22
17.39

11.14
11.31
  Morningstar U.S. Small Growth Index43.5243.5219.9818.5714.4411.30
GROWTH
    BUFGX - Investor, 5/19/95, 0.93%
    BIIGX - Institutional, 7/1/19, 0.79%

28.29
28.49

28.29
28.49

19.37
19.55

16.98
17.16

14.00
14.17

11.09
11.25
  Morningstar U.S. Growth Index44.6544.6525.2821.3217.28-
LARGE CAP
    BUFEX - Investor, 5/19/95, 0.95%
    BUIEX - Institutional, 7/1/19, 0.81%

28.08
28.28

28.08
28.28

18.41
18.59

17.25
17.43

14.68
14.85

10.64
10.81
  Morningstar U.S. Large Growth Index38.8638.8624.1320.6217.44-
MID CAP
    BUFMX - Investor, 12/17/01, 1.03%
    BUIMX - Institutional, 12/17/01, 0.90%

34.18
34.42

34.18
34.42

19.73
19.91

15.62
15.80

11.68
11.84

9.72
9.89
  Morningstar U.S. Mid Growth Index46.1746.1724.4020.8315.5910.71
SMALL CAP
    BUFSX - Investor, 4/14/98, 1.02%
    BUISX - Institutional, 7/1/19, 0.87%

66.36
66.60

66.36
66.60

30.25
30.44

24.43
24.61

15.94
16.11

13.88
14.05
  Morningstar U.S. Small Growth Index43.5243.5219.9818.5714.447.70
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX - Investor, 9/28/07, 1.05%
    BUIIX - Institutional, 7/1/19, 0.90%

19.10
19.24

19.10
19.24

11.60
11.75

13.15
13.31

8.27
8.43

6.12
6.27
  Morningstar Global Markets ex-US Index11.1711.175.079.275.403.07
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX - Investor, 12/3/12, 0.96%
    BUIDX - Institutional, 7/1/19, 0.81%

16.64
16.83

16.64
16.83

12.23
12.41

13.33
13.51

-
-

13.63
13.80
  Morningstar U.S. Large-Mid Cap Index21.1121.1115.0215.63-15.47
FLEXIBLE INCOME
    BUFBX - Investor, 8/12/94, 1.02%
    BUIBX - Institutional, 7/1/19, 0.87%

-2.24
-2.10

-2.24
-2.10

2.59
2.72

6.08
6.23

6.77
6.92

6.88
7.03
  Morningstar Moderately Aggressive Target Risk Index13.5113.519.1811.278.94-
HIGH YIELD
    BUFHX - Investor, 5/19/95, 1.03%
    BUIHX - Institutional, 7/1/19, 0.89%

9.27
9.43

9.27
9.43

6.25
6.38

6.28
6.42

5.81
5.96

7.08
7.24
  ICE BofAML U.S. High Yield Index6.176.175.898.436.627.19
Show / Hide Benchmarks
As of 12/31/2020Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX - Investor, 4/16/01, 1.02%
    BUITX - Institutional, 7/1/19, 0.87%

33.81
34.03

33.81
34.03

18.08
18.26

16.87
17.04

15.27
15.44

10.65
10.82
EARLY STAGE GROWTH*
    BUFOX - Investor, 5/21/04, 1.51%
    BUIOX - Institutional, 7/1/19, 1.37%

47.69
47.96

47.69
47.96

23.88
24.07

21.84
22.03

17.22
17.39

11.14
11.31
GROWTH
    BUFGX - Investor, 5/19/95, 0.93%
    BIIGX - Institutional, 7/1/19, 0.79%

28.29
28.49

28.29
28.49

19.37
19.55

16.98
17.16

14.00
14.17

11.09
11.25
LARGE CAP
    BUFEX - Investor, 5/19/95, 0.95%
    BUIEX - Institutional, 7/1/19, 0.81%

28.08
28.28

28.08
28.28

18.41
18.59

17.25
17.43

14.68
14.85

10.64
10.81
MID CAP
    BUFMX - Investor, 12/17/01, 1.03%
    BUIMX - Institutional, 12/17/01, 0.90%

34.18
34.42

34.18
34.42

19.73
19.91

15.62
15.80

11.68
11.84

9.72
9.89
SMALL CAP
    BUFSX - Investor, 4/14/98, 1.02%
    BUISX - Institutional, 7/1/19, 0.87%

66.36
66.60

66.36
66.60

30.25
30.44

24.43
24.61

15.94
16.11

13.88
14.05
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX - Investor, 9/28/07, 1.05%
    BUIIX - Institutional, 7/1/19, 0.90%

19.10
19.24

19.10
19.24

11.60
11.75

13.15
13.31

8.27
8.43

6.12
6.27
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX - Investor, 12/3/12, 0.96%
    BUIDX - Institutional, 7/1/19, 0.81%

16.64
16.83

16.64
16.83

12.23
12.41

13.33
13.51

-
-

13.63
13.80
FLEXIBLE INCOME
    BUFBX - Investor, 8/12/94, 1.02%
    BUIBX - Institutional, 7/1/19, 0.87%

-2.24
-2.10

-2.24
-2.10

2.59
2.72

6.08
6.23

6.77
6.92

6.88
7.03
HIGH YIELD
    BUFHX - Investor, 5/19/95, 1.03%
    BUIHX - Institutional, 7/1/19, 0.89%

9.27
9.43

9.27
9.43

6.25
6.38

6.28
6.42

5.81
5.96

7.08
7.24
As of 12/31/2020Average Annual Total Returns (%)
FUND
    Ticker, Inception Date, Expense Ratio
YTD1 YR3 YR5 YR10 YRSINCE
INCEPTION
DOMESTIC EQUITY
DISCOVERY
    BUFTX - Investor, 4/16/01, 1.02%
    BUITX - Institutional, 7/1/19, 0.87%

33.81
34.03

33.81
34.03

18.08
18.26

16.87
17.04

15.27
15.44

10.65
10.82
  Morningstar U.S. Mid Growth Index46.1746.1724.4020.8315.5910.02
EARLY STAGE GROWTH*
    BUFOX - Investor, 5/21/04, 1.51%
    BUIOX - Institutional, 7/1/19, 1.37%

47.69
47.96

47.69
47.96

23.88
24.07

21.84
22.03

17.22
17.39

11.14
11.31
  Morningstar U.S. Small Growth Index43.5243.5219.9818.5714.4411.30
GROWTH
    BUFGX - Investor, 5/19/95, 0.93%
    BIIGX - Institutional, 7/1/19, 0.79%

28.29
28.49

28.29
28.49

19.37
19.55

16.98
17.16

14.00
14.17

11.09
11.25
  Morningstar U.S. Growth Index44.6544.6525.2821.3217.28-
LARGE CAP
    BUFEX - Investor, 5/19/95, 0.95%
    BUIEX - Institutional, 7/1/19, 0.81%

28.08
28.28

28.08
28.28

18.41
18.59

17.25
17.43

14.68
14.85

10.64
10.81
  Morningstar U.S. Large Growth Index38.8638.8624.1320.6217.44-
MID CAP
    BUFMX - Investor, 12/17/01, 1.03%
    BUIMX - Institutional, 12/17/01, 0.90%

34.18
34.42

34.18
34.42

19.73
19.91

15.62
15.80

11.68
11.84

9.72
9.89
  Morningstar U.S. Mid Growth Index46.1746.1724.4020.8315.5910.71
SMALL CAP
    BUFSX - Investor, 4/14/98, 1.02%
    BUISX - Institutional, 7/1/19, 0.87%

66.36
66.60

66.36
66.60

30.25
30.44

24.43
24.61

15.94
16.11

13.88
14.05
  Morningstar U.S. Small Growth Index43.5243.5219.9818.5714.447.70
INTERNATIONAL EQUITY
INTERNATIONAL
    BUFIX - Investor, 9/28/07, 1.05%
    BUIIX - Institutional, 7/1/19, 0.90%

19.10
19.24

19.10
19.24

11.60
11.75

13.15
13.31

8.27
8.43

6.12
6.27
  Morningstar Global Markets ex-US Index11.1711.175.079.275.403.07
EQUITY & INCOME / HIGH YIELD
DIVIDEND FOCUS
    BUFDX - Investor, 12/3/12, 0.96%
    BUIDX - Institutional, 7/1/19, 0.81%

16.64
16.83

16.64
16.83

12.23
12.41

13.33
13.51

-
-

13.63
13.80
  Morningstar U.S. Large-Mid Cap Index21.1121.1115.0215.63-15.47
FLEXIBLE INCOME
    BUFBX - Investor, 8/12/94, 1.02%
    BUIBX - Institutional, 7/1/19, 0.87%

-2.24
-2.10

-2.24
-2.10

2.59
2.72

6.08
6.23

6.77
6.92

6.88
7.03
  Morningstar Moderately Aggressive Target Risk Index13.5113.519.1811.278.94-
HIGH YIELD
    BUFHX - Investor, 5/19/95, 1.03%
    BUIHX - Institutional, 7/1/19, 0.89%

9.27
9.43

9.27
9.43

6.25
6.38

6.28
6.42

5.81
5.96

7.08
7.24
  ICE BofAML U.S. High Yield Index6.176.175.898.436.627.19
FUNDTICKERINCEPTION202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994
DISCOVERYBUFTX4/16/200133.81%31.63%-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 FOCUSBUFDX12/3/201216.64%27.66%-5.05%18.02%12.06%0.13%20.81%23.93%
EARLY STAGE GROWTHBUFOX5/21/200447.69%34.03%-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 INCOMEBUFBX8/12/1994-2.24%18.76%-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%*
GROWTHBUFGX5/19/199528.29%31.91%0.51%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 YIELDBUFHX5/19/19959.27%12.32%-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%*
INTERNATIONALBUFIX9/28/200719.10%28.02%-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 CAPBUFEX5/19/199528.08%31.77%-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 CAPBUFMX12/17/200134.18%37.98%-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 CAPBUFSX4/14/199866.36%40.97%-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.

  Investor Class Shares

As of January 21, 2021
FUNDTICKERNAVCNG ($) CNG (%)YTD (%)
DISCOVERY FUNDBUFTX$31.59$-0.09-0.28%5.26%
DIVIDEND FOCUS FUNDBUFDX$22.47$-0.11-0.49%2.00%
EARLY STAGE GROWTH FUNDBUFOX$23.88$-0.09-0.38%7.66%
FLEXIBLE INCOME FUNDBUFBX$15.61$-0.10-0.64%4.41%
GROWTH FUNDBUFGX$30.92$0.020.06%0.32%
HIGH YIELD FUNDBUFHX$11.84$0.010.08%1.19%
INTERNATIONAL FUNDBUFIX$20.73$0.090.44%3.34%
LARGE CAP FUNDBUFEX$45.71$0.000.00%2.05%
MID CAP FUNDBUFMX$19.66$-0.10-0.51%1.87%
SMALL CAP FUNDBUFSX$22.88$-0.07-0.31%9.84%

  Institutional Class Shares

Inception Date of all Institutional Class Shares is July 1, 2019.

As of January 21, 2021
FUNDTICKERNAVCNG ($) CNG (%)YTD (%)
DISCOVERY FUNDBUITX$31.68$-0.09-0.28%5.28%
DIVIDEND FOCUS FUNDBUIDX$22.47$-0.11-0.49%2.00%
EARLY STAGE GROWTH FUNDBUIOX$23.95$-0.08-0.33%7.69%
FLEXIBLE INCOME FUNDBUIBX$15.61$-0.09-0.57%4.50%
GROWTH FUNDBIIGX$30.97$0.020.06%0.32%
HIGH YIELD FUNDBUIHX$11.83$0.010.08%1.21%
INTERNATIONAL FUNDBUIIX$20.74$0.090.44%3.39%
LARGE CAP FUNDBUIEX$45.77$0.000.00%2.05%
MID CAP FUNDBUIMX$19.71$-0.10-0.50%1.86%
SMALL CAP FUNDBUISX$22.94$-0.07-0.30%9.87%

*As of October 16, 2020, the name of the Buffalo Emerging Opportunities Fund changed to the Early Stage Growth Fund.

For performance prior to 7/1/19 (Inception Date of Institutional Class), performance of the Investor Class shares is used and includes expenses not applicable and lower than those of Investor Class shares. 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.

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Ratings & Rankings

OVERALL MORNINGSTAR RATINGSTM

FUND NAMETICKEROVERALL3 YR5 YR10 YRCATEGORY
DISCOVERYBUFTX     
57% of 564 funds
  
56% of 504 funds
   
22% of 383 funds
Mid-Cap Growth
DIVIDEND FOCUSBUFDX    
54% of 1,232 funds
  
58% of 1,072 funds
Large Blend
EARLY STAGE GROWTH*BUFOX       
26% of 576 funds
   
20% of 505 funds
    
9% of 381 funds
Small Growth
FLEXIBLE INCOMEBUFBX
96% of 154 funds

95% of 134 funds

98% of 94 funds
Allocation 85%+ Equity
GROWTHBUFGX    
58% of 1,197 funds
  
63% of 1,070 funds
  
69% of 789 funds
Large Growth
HIGH YIELDBUFHX     
11% of 627 funds
 
74% of 554 funds
   
43% of 351 funds
High Yield Bond
INTERNATIONALBUFIX     
37% of 384 funds
   
29% of 313 funds
   
35% of 226 funds
Foreign Large Growth
LARGE CAPBUFEX    
63% of 1,197 funds
  
60% of 1,070 funds
  
59% of 789 funds
Large Growth
MID CAPBUFMX    
45% of 564 funds
  
73% of 504 funds
 
82% of 383 funds
Mid-Cap Growth
SMALL CAPBUFSX      
9% of 576 funds
   
11% of 505 funds
   
16% of 381 funds
Small Growth
*As of October 16, 2020, the name of the Buffalo Emerging Opportunities Fund changed to the Early Stage Growth Fund.

Rankings listed are for the period ended 12/31/20. 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 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-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 3-year period actually has the greatest impact because it is included in all 3 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. © 2021 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

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsTotal Distribution
12/18/2020$29.79 (Inv)
$29.87 (Inst)
-
-
$0.67369
$0.67369
$1.72119
$1.72119
$2.39488
$2.39488
12/18/2019$24.00 (Inv)
$24.02 (Inst)
-
-
$0.66861
$0.66861
$2.92026
$2.92026
$3.58887
$3.58887
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

2021 Distribution Dates:
  • Record Date (3/17/21); Payment Date (3/18/21) – Ordinary Income & Capital Gains, if any
  • Record Date (6/17/21); Payment Date (6/18/21) – Ordinary Income & Capital Gains, if any
  • Record Date (9/17/21); Payment Date (9/20/21) – Ordinary Income & Capital Gains, if any
  • Record Date (12/2/21); Payment Date (12/3/21) – Capital Gains, if any
  • Record Date (12/17/21); Payment Date (12/20/21) – Ordinary Income, if any
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainsLong-Term Capital GainsDistribution Total
12/18/20$21.72 (Inv)
$21.72 (Inst)
$0.00905139
$0.01801390
-
-
-
-
$0.00905
$0.01801
9/18/20$19.13 (Inv)
$19.13 (Inst)
$0.03170945
$0.03903915
-
-
-
-
$0.03170945
$0.03903915
6/18/20$18.26 (Inv)
$18.26 (Inst)
$0.03034499
$0.03590278
-
-
-
-
$0.03034499
$0.03590278
3/18/20$14.07 (Inv)
$14.07 (Inst)
$0.03107063
$0.03831320
-
-
-
-
$0.03107063
$0.03831320
12/18/19$18.82 (Inv)
$18.82 (Inst)
$0.04196909
$0.04964262
-
-
-
-
$0.04196909
$0.04964262
9/18/19$17.80 (Inv)
$17.80 (Inst)
$0.04731858
$0.05327159
-
-
-
-
$0.04731858
$0.05327159
6/18/19$17.20$0.06566509--$0.06566509
3/19/19$16.72$0.05232873--$0.05232873
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

Early Stage Growth Fund

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)

*As of October 16, 2020, the name of the Buffalo Emerging Opportunities Fund changed to the Early Stage Growth Fund.
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$21.65 (Inv)
$21.71 (Inst)
-
-
$0.78389
$0.78389
$1.69907
$1.69907
$2.48296
$2.48296
12/18/2019$16.62 (Inv)
$16.64 (Inst)
-
-
-
-
$0.79828
$0.79828
$0.79828
$0.79828
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

2021
2021 Distribution Dates:
— Record Date (2/17/21); Payment Date (2/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (3/17/21); Payment Date (3/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (4/19/21); Payment Date (4/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (5/17/21); Payment Date (5/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (6/17/21); Payment Date (6/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (7/19/21); Payment Date (7/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (8/17/21); Payment Date (8/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (9/17/21); Payment Date (9/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (10/18/21); Payment Date (10/19/21) – Ordinary Income & Capital Gains, if any
— Record Date (11/17/21); Payment Date (11/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (12/2/21); Payment Date (12/3/21) – Capital Gains, if any
— Record Date (12/17/21); Payment Date (12/20/21) – Ordinary Income, if any
Record DatePayable DateDistribution NAVNet Investment IncomeShort-Term Capital GainsLong-Term Capital GainsDistribution Total
1/19/211/20/21$15.71 (Inv)
$15.70 (Inst)
$0.01013286
$0.01221186
-
-
-
-
$0.01013286
$0.01221186
2020 ▼
2019 ▼
2018 ▼
2017 ▼
2016 ▼
2015 ▼
2014 ▼
2013 ▼
2012 ▼
2011 ▼
2010 ▼
2009 ▼
2008 ▼
2007 ▼
2006 ▼
2005 ▼
2004 ▼
2003 ▼
2002 ▼
2001 ▼
2000 ▼
1999 ▼
1998 ▼
1997 ▼
1996 ▼
1995 ▼
1994 ▼

Growth Fund

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$30.24 (Inv)
$30.29 (Inst)
-
-
-
-
$1.53123
$1.53123
$1.53123
$1.53123
12/18/2019$24.91 (Inv)
$24.91 (Inst)
$0.07759508
$0.09980872
$0.07352
$0.07352
$3.28080
$3.28080
$3.43192
$3.45477
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

2021
2021 Distribution Dates:
— Record Date (2/17/21); Payment Date (2/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (3/17/21); Payment Date (3/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (4/19/21); Payment Date (4/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (5/17/21); Payment Date (5/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (6/17/21); Payment Date (6/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (7/19/21); Payment Date (7/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (8/17/21); Payment Date (8/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (9/17/21); Payment Date (9/20/21) – Ordinary Income & Capital Gains, if any
— Record Date (10/18/21); Payment Date (10/19/21) – Ordinary Income & Capital Gains, if any
— Record Date (11/17/21); Payment Date (11/18/21) – Ordinary Income & Capital Gains, if any
— Record Date (12/2/21); Payment Date (12/3/21) – Capital Gains, if any
— Record Date (12/17/21); Payment Date (12/20/21) – Ordinary Income, if any
Record DatePayable DateDistribution NAVNet Investment IncomeShort-Term Capital GainsLong-Term Capital GainsDistribution Total
1/19/211/20/21$11.83 (Inv)
$11.82 (Inst)
$0.02991434
$0.03150591
-
-
-
-
$0.02991434
$0.03150591
2020 ▼
2019 ▼
2018 ▼
2017 ▼
2016 ▼
2015 ▼
2014 ▼
2013 ▼
2012 ▼
2011 ▼
2010 ▼
2009 ▼
2008 ▼
2007 ▼
2006 ▼
2005 ▼
2004 ▼
2003 ▼
2002 ▼
2001 ▼
2000 ▼
1999 ▼
1998 ▼
1997 ▼
1996 ▼
1995 ▼

International Fund

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$19.94 (Inv)
$19.94 (Inst)
$0.05358933
$0.07700258
-
-
$0.00243
$0.00243
$0.05602
$0.07943
12/18/2019$16.71 (Inv)
$16.71 (Inst)
$0.09658720
$0.10875891
-
-
-
-
$0.09659
$0.10876
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

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$44.39 (Inv)
$44.45 (Inst)
$0.06364187
$0.11123376
-
-
-
-
$0.06364
$0.11123
12/18/2019$34.52 (Inv)
$34.55 (Inst)
$0.06661307
$0.06661307
$0.19301
$0.19301
$0.23771
$0.23771
$0.49733
$0.49733
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

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$19.04 (Inv)
$19.09 (Inst)
-
-
$0.13801
$0.13801
$1.19475
$1.19475
$1.33276
$1.33276
12/18/2019$15.21 (Inv)
$15.22 (Inst)
-
-
-
-
$1.26265
$1.26265
$1.26265
$1.26265
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

2021 Distribution Dates:
Capital Gains, if any – Record Date (12/2/21); Payment Date (12/3/21)
Ordinary Income, if any – Record Date (12/17/21); Payment Date (12/20/21)
Payable DateDistribution NAVNet Investment IncomeShort-Term Capital GainLong-Term Capital GainsDistribution Total
12/18/2020$20.63 (Inv)
$20.68 (Inst)
-
-
$1.00358
$1.00358
$0.87288
$0.87288
$1.87646
$1.87646
12/18/2019$13.59 (Inv)
$13.60 (Inst)
-
-
-
-
$1.24842
$1.24842
$1.24842
$1.24842
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

Literature & Forms

FundSymbol
Inv / Inst
Fact
Sheet
Quarterly
Commentary
Full
Holdings
Summary
Prospectus
DISCOVERYBUFTX / BUITX
DIVIDEND FOCUSBUFDX / BUIDX
EARLY STAGE GROWTH*BUFOX / BUIOX
FLEXIBLE INCOMEBUFBX / BUIBX
GROWTHBUFGX / BIIGX
HIGH YIELDBUFHX / BUIHX
INTERNATIONALBUFIX / BUIIX
LARGE CAPBUFEX / BUIEX
MID CAPBUFMX / BUIMX
SMALL CAPBUFSX / BUISX
The following documents apply to all Buffalo Funds:

  Prospectus
  Annual Report
  Semi-Annual Report
  Statement of Additional Information

General Account
Forms
Investor
Class
Institutional
Class
Both
  New Account Application
  New Account Application - Entity
  Change or Add Account Details
  Cost Basis Method Election
  Power of Attorney
Individual Retirement Account (IRA) Forms
  RMD Waiver   NEW
  IRA Account Application
  IRA Beneficiary Addition / Change
  IRA Required Minimum Distribution (RMD)
  IRA / Qualified Plan Distribution Request
  IRA Transfer
Coverdell Education Savings Accounts (ESA) Forms
  Coverdell ESA Application
  Coverdell ESA Distribution Request
  Coverdell ESA Transfer
Retirement Information
  Retirement Savings Options for Individuals

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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