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Buffalo Mid Cap Growth Fund
mutual fund
BUFMX
Payout Change
Suspended
Price as of:
$17.36
-0.09
-0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
BUFMX (Mutual Fund)
Buffalo Mid Cap Growth Fund
Payout Change
Suspended
Price as of:
$17.36
-0.09
-0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
BUFMX (Mutual Fund)
Buffalo Mid Cap Growth Fund
Payout Change
Suspended
Price as of:
$17.36
-0.09
-0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.7%
1 yr return
21.1%
3 Yr Avg Return
0.6%
5 Yr Avg Return
9.7%
Net Assets
$155 M
Holdings in Top 10
32.4%
52 WEEK LOW AND HIGH
$17.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BUFMX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 9.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.56%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBuffalo Mid Cap Growth Fund
-
Fund Family NameBuffalo
-
Inception DateJan 16, 2002
-
Shares Outstanding5377929
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJosh West
Fund Description
The Mid Cap Growth Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, consisting of common stocks, preferred stocks, convertible securities, warrants, and rights of “mid-cap growth companies.” Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), defines mid-cap companies as companies, at the time of purchase, with market capitalizations within the range of the Russell Midcap® Growth Index. As of June 30, 2024, the range of market capitalizations of the Russell Midcap® Growth Index was $658 million to $61.6 billion. KCM defines growth companies as companies that, at the time of purchase, are constituents of the Russell 3000® Growth Index or exhibit growth characteristics (generates positive cash flows or earnings that increase at faster rates than the overall economy) consistent with inclusion of companies in the Russell 3000® Growth Index. Companies included in the Fund’s investment universe must satisfy both prongs of KCM’s definition of mid-cap growth company. In addition to the Fund’s investments in domestic securities, the Fund may also invest up to 20% of its net assets in sponsored or unsponsored American Depositary Receipts (“ADRs”) and securities of foreign companies that are traded on U.S. stock exchanges.
Companies are screened using in-depth, in-house research to identify those which the Adviser believes have favorable attributes, including attractive valuation, strong management, conservative debt, free cash flow, scalable business models, and competitive advantages. The Fund may invest in companies in any sector. Currently, the Fund has significant investments in the information technology sector. The Fund may have significant investments in the industrials sector. The Adviser may sell the Fund’s investments to secure gains, limit losses, or reinvest in more promising investment opportunities.
BUFMX - Performance
Return Ranking - Trailing
| Period | BUFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | -11.4% | 70.0% | 84.19% |
| 1 Yr | 21.1% | 9.8% | 58.9% | 78.48% |
| 3 Yr | 0.6%* | -25.1% | 59.1% | 43.91% |
| 5 Yr | 9.7%* | -3.0% | 102.5% | 62.01% |
| 10 Yr | 9.7%* | 3.0% | 26.1% | 82.07% |
* Annualized
Return Ranking - Calendar
| Period | BUFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.3% | -27.7% | 68.0% | 44.17% |
| 2022 | -31.4% | -85.6% | 52.8% | 53.85% |
| 2021 | 2.2% | -74.9% | 238.3% | 39.41% |
| 2020 | 25.4% | -44.1% | 2474.5% | 55.33% |
| 2019 | 27.4% | -50.2% | 44.0% | 41.01% |
Total Return Ranking - Trailing
| Period | BUFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | -11.4% | 70.0% | 84.19% |
| 1 Yr | 21.1% | 9.8% | 58.9% | 78.48% |
| 3 Yr | 0.6%* | -25.1% | 59.1% | 43.91% |
| 5 Yr | 9.7%* | -3.0% | 102.5% | 62.01% |
| 10 Yr | 9.7%* | 3.0% | 26.1% | 82.07% |
* Annualized
Total Return Ranking - Calendar
| Period | BUFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.0% | -26.1% | 68.0% | 12.24% |
| 2022 | -27.8% | -67.0% | 56.8% | 48.85% |
| 2021 | 14.6% | -23.5% | 342.2% | 39.80% |
| 2020 | 34.2% | 2.6% | 2549.1% | 56.35% |
| 2019 | 38.0% | 14.6% | 44.8% | 20.93% |
NAV & Total Return History
BUFMX - Holdings
Concentration Analysis
| BUFMX | Category Low | Category High | BUFMX % Rank | |
|---|---|---|---|---|
| Net Assets | 155 M | 2.73 M | 100 B | 82.48% |
| Number of Holdings | 56 | 24 | 3590 | 78.48% |
| Net Assets in Top 10 | 46 M | 670 K | 11.3 B | 82.48% |
| Weighting of Top 10 | 32.43% | 4.5% | 98.2% | 29.71% |
Top 10 Holdings
- Gartner Inc 4.12%
- MSCI Inc 3.67%
- Verisk Analytics Inc 3.62%
- CBRE Group Inc 3.55%
- Copart Inc 3.21%
- Fidelity Government Portfolio 3.20%
- IQVIA Holdings Inc 3.07%
- AMETEK Inc 2.73%
- Kinsale Capital Group Inc 2.69%
- TransUnion 2.56%
Asset Allocation
| Weighting | Return Low | Return High | BUFMX % Rank | |
|---|---|---|---|---|
| Stocks | 96.88% | 58.72% | 103.99% | 76.57% |
| Cash | 3.20% | 0.00% | 41.99% | 25.33% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 49.33% |
| Other | 0.00% | -0.04% | 14.45% | 56.76% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 42.29% |
| Bonds | 0.00% | 0.00% | 2.35% | 47.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUFMX % Rank | |
|---|---|---|---|---|
| Technology | 32.09% | 0.04% | 62.17% | 48.38% |
| Healthcare | 17.81% | 0.00% | 37.06% | 48.38% |
| Industrials | 10.97% | 0.00% | 38.23% | 78.48% |
| Financial Services | 10.70% | 0.00% | 43.01% | 26.67% |
| Real Estate | 7.97% | 0.00% | 19.28% | 9.90% |
| Consumer Cyclical | 7.58% | 0.00% | 57.41% | 91.62% |
| Communication Services | 5.73% | 0.00% | 18.33% | 15.62% |
| Energy | 3.77% | 0.00% | 62.10% | 24.19% |
| Basic Materials | 3.39% | 0.00% | 17.25% | 31.81% |
| Utilities | 0.00% | 0.00% | 12.94% | 56.19% |
| Consumer Defense | 0.00% | 0.00% | 16.40% | 89.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUFMX % Rank | |
|---|---|---|---|---|
| US | 96.88% | 46.79% | 103.99% | 65.90% |
| Non US | 0.00% | 0.00% | 34.12% | 56.57% |
BUFMX - Expenses
Operational Fees
| BUFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.02% | 17.54% | 59.24% |
| Management Fee | 0.85% | 0.00% | 1.50% | 80.53% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| BUFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BUFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 22.41% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BUFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.00% | 250.31% | 20.30% |
BUFMX - Distributions
Dividend Yield Analysis
| BUFMX | Category Low | Category High | BUFMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 53.90% |
Dividend Distribution Analysis
| BUFMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BUFMX | Category Low | Category High | BUFMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.56% | -2.24% | 2.75% | 48.74% |
Capital Gain Distribution Analysis
| BUFMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2023 | $0.847 | CapitalGainLongTerm |
| Dec 05, 2022 | $0.738 | CapitalGainLongTerm |
| Dec 03, 2021 | $2.258 | OrdinaryDividend |
| Dec 18, 2020 | $1.333 | OrdinaryDividend |
| Dec 18, 2019 | $1.263 | CapitalGainLongTerm |
| Dec 18, 2018 | $0.540 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.813 | CapitalGainShortTerm |
| Dec 19, 2017 | $2.619 | CapitalGainLongTerm |
| Dec 20, 2016 | $0.075 | CapitalGainShortTerm |
| Dec 20, 2016 | $1.198 | CapitalGainLongTerm |
| Dec 18, 2015 | $2.002 | CapitalGainLongTerm |
| Dec 18, 2014 | $2.418 | CapitalGainLongTerm |
| Dec 18, 2013 | $0.158 | CapitalGainShortTerm |
| Dec 18, 2013 | $2.922 | CapitalGainLongTerm |
| Dec 18, 2012 | $0.793 | CapitalGainLongTerm |
| Dec 18, 2012 | $0.013 | OrdinaryDividend |
| Dec 20, 2011 | $0.320 | CapitalGainLongTerm |
| Dec 18, 2007 | $0.100 | CapitalGainShortTerm |
| Dec 18, 2007 | $1.119 | CapitalGainLongTerm |
| Dec 19, 2006 | $0.290 | CapitalGainLongTerm |
| Dec 19, 2006 | $0.002 | CapitalGainShortTerm |
| Dec 20, 2005 | $0.072 | CapitalGainShortTerm |
| Dec 20, 2005 | $0.153 | CapitalGainLongTerm |
| Dec 20, 2004 | $0.049 | CapitalGainShortTerm |
| Dec 20, 2004 | $0.109 | CapitalGainLongTerm |
BUFMX - Fund Manager Analysis
Managers
Josh West
Start Date
Tenure
Tenure Rank
Nov 15, 2017
4.54
4.5%
Mr. West has been an investment professional since 2005 and joined KCM in 2008. Previously, Mr. West was an equity investment analyst with Scout Investment Advisors in Kansas City, Missouri. Mr. West holds an M.B.A. from the University of Missouri-Columbia and B.S. from the University of Missouri-Columbia.
Craig Richard
Start Date
Tenure
Tenure Rank
Dec 01, 2021
0.5
0.5%
Craig Richard, CFA, Co-Portfolio Manager. Mr. Richard has been an investment professional since 2002 and joined KCM in 2008. Previously, Mr. Richard was an equity research analyst with A.G. Edwards from 2005 to 2007. Mr. Richard holds a B.S. from Kansas State University and an M.B.A. from the University of Kansas.
Doug Cartwright
Start Date
Tenure
Tenure Rank
Dec 01, 2021
0.5
0.5%
Doug Cartwright, CFA, Co-Portfolio Manager and partner. Mr. Cartwright has been an investment professional since 2006 and joined Kornitzer Capital Management in 2013. Mr. Cartwright was formerly an equity analyst with Kellogg Asset Management and a credit analyst with Waddell & Reed Investment Management. Mr. Cartwright holds a B.A. in Business Administration from Baylor University and an M.B.A from the Wisconsin School of Business Applied Securities Analysis Program. Mr. Cartwright has served as co-portfolio manager of the Emerging Opportunities Fund since 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
