Our Team

Education:

M.B.A. – INSEAD
M.A. – Columbia University (French Cultural Studies)
B.A. – University of Pennsylvania (Biology)

Nicole Kornitzer, CFA

Portfolio Manager

Nicole was with the Buffalo Funds from 2000 – 2002 then rejoined in 2004 and has 21 years of professional investment experience.

At the Buffalo Funds, Nicole works with equity portfolios, and previous focus areas have included pharmaceuticals, medical diagnostics, and biotechnology. Her current focus is on European equity securities.

Nicole received a B.A. from the University of Pennsylvania, an M.A. from Columbia University, and an M.B.A. from INSEAD. She also holds the Chartered Financial Analyst designation.

Years of Experience

Years at Buffalo Funds

FUNDS MANAGED

International Fund

International Fund

Total Assets $619.49 Million (9/30/21)
Expense Ratio 1.04% / 0.89%
Benchmark Morningstar Global Markets ex-US

International (Since 2009)

Recent Articles

Media coverage regarding the Portfolio Manager, Funds Managed, and the Buffalo Funds in general.

Kiplinger: Top-Performing Mutual Funds

Nov 18, 2021

Kiplinger recognized the Buffalo Small Cap and International Funds as “Top-Performing Mutual Funds” in their recent fund analysis.

“Industry Perspectives” 3Q 2021

Oct 26, 2021

Inflationary fears, upcoming Federal Reserve bond tapering, and uncertainty surrounding the passage of Congressional infrastructure bills continue to grip the markets. We do see potential for higher equity prices in the near-term but lower overall returns next year, especially compared to the past few abnormally high-return years.

Webinar – “Dividend Funds: Do We Even Need Bonds?”

Oct 21, 2021

Jeff Deardorff, CFA, Buffalo Dividend Focus Fund co-portfolio manager, was a featured presenter during a recent CFRA Research webinar, where he discussed the current state of dividend investing and ultimately answered the question “Do We Even Need Bonds?”

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Fundamental Approach

We get to know the companies we invest in and learn how they run their business.

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Top-Down & Bottom-Up

We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.

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Proprietary Philosophy

We construct our portfolios based on our own proprietary investment strategy.

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Disciplined Investing

Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.

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As of 4/30/21	1 YR	3 YR	5 YR	10 YR	Since Inception (4/14/98)	2019	2020
BUFFALO SMALL CAP FUND - Investor	96.02	33.69	28.90	16.36	14.25	40.97	66.36
BUFFALO SMALL CAP FUND - Institutional	96.42	33.89	29.09	16.54	14.42	41.17	66.60
Morningstar U.S. Small Growth Index	63.25	19.90	19.79	13.35	7.71	27.60	43.52

Performance data quoted represents past performance and 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. Fund performance may be subject to substantial short-term changes. Current performance may be lower or higher than the performance quoted. Standardized performance can be obtained here.

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Annualized Performance (%)

As of 11/30/21	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
BUFFALO INTERNATIONAL FUND - Investor	-4.19	14.01	19.39	18.30	16.10	11.02	6.69
BUFFALO INTERNATIONAL FUND - Institutional	-4.14	14.21	19.55	18.48	16.27	11.19	6.85
Morningstar Global Markets ex-US Index	-5.42	4.06	9.88	10.33	9.54	7.29	3.16
Lipper International Fund Index	-4.66	7.13	13.01	12.16	10.35	8.11	3.40
Morningstar Foreign Large Growth Category	-5.86	4.60	10.29	16.73	13.67	9.54	4.25

Expense ratio 1.05%. Average annual total return represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate and redemption value may be more or less than original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted. Click here for month-end performance.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

The Russell Global ex-US Index is an unmanaged index that measures the performance of the global equity market based on all investable equity securities, excluding companies assigned to the United States. The Lipper International Fund Index measures the performance of the 30 largest mutual funds in the international equity fund objective, as determined by Lipper, Inc. The Morningstar category average represents a universe of funds with similar objectives. The MSCI World Index is a broad global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It is not possible to invest directly in an index. Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity, and typically measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested. 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.