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Buffalo Mid Cap Discovery Fund
mutual fund
BUFTX
Payout Change
Suspended
Price as of:
$25.33
+0.12
+0.48%
primary theme
U.S. Mid-Cap Growth Equity
share class
BUFTX (Mutual Fund)
Buffalo Mid Cap Discovery Fund
Payout Change
Suspended
Price as of:
$25.33
+0.12
+0.48%
primary theme
U.S. Mid-Cap Growth Equity
share class
BUFTX (Mutual Fund)
Buffalo Mid Cap Discovery Fund
Payout Change
Suspended
Price as of:
$25.33
+0.12
+0.48%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/02/2024Price
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
5.6%
1 yr return
23.9%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
8.3%
Net Assets
$835 M
Holdings in Top 10
22.7%
52 WEEK LOW AND HIGH
$25.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
BUFTX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.56%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBuffalo Mid Cap Discovery Fund
-
Fund Family NameBuffalo
-
Inception DateJan 16, 2002
-
Shares Outstanding41371476
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDave Carlsen
Fund Description
The Mid Cap Discovery 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 discovery companies.” Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”), defines mid-cap discovery companies as companies, at the time of purchase, with market capitalizations within the range of the Russell Midcap® Growth Index, and are companies engaged in the pursuit and practical application of knowledge to discover, develop, and commercialize products, services, or intellectual property. As of June 30, 2024, the range of market capitalizations of the Russell Midcap® Growth Index was $658 million to $61.6 billion. In addition to the Fund’s investments in domestic securities, the Fund may 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 healthcare sector. The Adviser may sell the Fund’s investments to secure gains, limit losses, or reinvest in more promising investment opportunities.
BUFTX - Performance
Return Ranking - Trailing
| Period | BUFTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -12.4% | 55.1% | 89.90% |
| 1 Yr | 23.9% | 10.1% | 54.7% | 76.95% |
| 3 Yr | -1.3%* | -25.4% | 57.4% | 60.74% |
| 5 Yr | 8.3%* | -2.9% | 103.6% | 83.37% |
| 10 Yr | 9.9%* | 2.7% | 25.4% | 63.86% |
* Annualized
Return Ranking - Calendar
| Period | BUFTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.3% | -27.7% | 68.0% | 17.59% |
| 2022 | -33.2% | -85.6% | 52.8% | 65.58% |
| 2021 | -3.7% | -74.9% | 238.3% | 59.60% |
| 2020 | 23.9% | -44.1% | 2474.5% | 60.66% |
| 2019 | 14.5% | -50.2% | 44.0% | 87.95% |
Total Return Ranking - Trailing
| Period | BUFTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -12.4% | 55.1% | 89.90% |
| 1 Yr | 23.9% | 10.1% | 54.7% | 76.95% |
| 3 Yr | -1.3%* | -25.4% | 57.4% | 60.74% |
| 5 Yr | 8.3%* | -2.9% | 103.6% | 83.37% |
| 10 Yr | 9.9%* | 2.7% | 25.4% | 63.86% |
* Annualized
Total Return Ranking - Calendar
| Period | BUFTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.3% | -26.1% | 68.0% | 25.05% |
| 2022 | -28.7% | -67.0% | 56.8% | 56.73% |
| 2021 | 11.9% | -23.5% | 342.2% | 54.46% |
| 2020 | 33.8% | 2.6% | 2549.1% | 56.76% |
| 2019 | 31.6% | 14.6% | 44.8% | 64.69% |
NAV & Total Return History
BUFTX - Holdings
Concentration Analysis
| BUFTX | Category Low | Category High | BUFTX % Rank | |
|---|---|---|---|---|
| Net Assets | 835 M | 2.73 M | 100 B | 57.71% |
| Number of Holdings | 83 | 24 | 3590 | 40.57% |
| Net Assets in Top 10 | 168 M | 670 K | 11.3 B | 59.62% |
| Weighting of Top 10 | 22.74% | 4.5% | 98.2% | 68.38% |
Top 10 Holdings
- Fidelity Government Portfolio 3.16%
- MSCI Inc 3.07%
- IQVIA Holdings Inc 2.62%
- TransUnion 2.38%
- AMETEK Inc 2.19%
- CoStar Group Inc 2.01%
- Aptiv PLC 1.96%
- Verisk Analytics Inc 1.85%
- Copart Inc 1.76%
- Veeva Systems Inc 1.75%
Asset Allocation
| Weighting | Return Low | Return High | BUFTX % Rank | |
|---|---|---|---|---|
| Stocks | 96.95% | 58.72% | 103.99% | 76.19% |
| Cash | 3.16% | 0.00% | 41.99% | 25.52% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 17.90% |
| Other | 0.00% | -0.04% | 14.45% | 32.95% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 7.62% |
| Bonds | 0.00% | 0.00% | 2.35% | 15.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUFTX % Rank | |
|---|---|---|---|---|
| Technology | 33.74% | 0.04% | 62.17% | 34.86% |
| Healthcare | 18.16% | 0.00% | 37.06% | 45.14% |
| Industrials | 16.02% | 0.00% | 38.23% | 33.90% |
| Consumer Cyclical | 14.13% | 0.00% | 57.41% | 52.38% |
| Financial Services | 6.80% | 0.00% | 43.01% | 49.33% |
| Basic Materials | 5.38% | 0.00% | 17.25% | 11.43% |
| Real Estate | 3.15% | 0.00% | 19.28% | 39.81% |
| Communication Services | 2.62% | 0.00% | 18.33% | 58.67% |
| Utilities | 0.00% | 0.00% | 12.94% | 31.05% |
| Energy | 0.00% | 0.00% | 62.10% | 64.57% |
| Consumer Defense | 0.00% | 0.00% | 16.40% | 83.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUFTX % Rank | |
|---|---|---|---|---|
| US | 96.95% | 46.79% | 103.99% | 64.76% |
| Non US | 0.00% | 0.00% | 34.12% | 31.05% |
BUFTX - Expenses
Operational Fees
| BUFTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.02% | 17.54% | 54.48% |
| Management Fee | 0.85% | 0.00% | 1.50% | 78.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| BUFTX 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
| BUFTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 20.69% |
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.
| BUFTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.00% | 250.31% | 48.20% |
BUFTX - Distributions
Dividend Yield Analysis
| BUFTX | Category Low | Category High | BUFTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 25.52% |
Dividend Distribution Analysis
| BUFTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BUFTX | Category Low | Category High | BUFTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.56% | -2.24% | 2.75% | 6.58% |
Capital Gain Distribution Analysis
| BUFTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2022 | $1.367 | CapitalGainLongTerm |
| Dec 03, 2021 | $4.368 | OrdinaryDividend |
| Dec 18, 2020 | $2.395 | OrdinaryDividend |
| Dec 18, 2019 | $0.669 | CapitalGainShortTerm |
| Dec 18, 2019 | $2.920 | CapitalGainLongTerm |
| Dec 18, 2018 | $0.166 | CapitalGainShortTerm |
| Dec 18, 2018 | $1.317 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.547 | CapitalGainShortTerm |
| Dec 19, 2017 | $0.576 | CapitalGainLongTerm |
| Dec 20, 2016 | $0.283 | CapitalGainShortTerm |
| Dec 20, 2016 | $0.236 | CapitalGainLongTerm |
| Dec 18, 2015 | $0.251 | CapitalGainShortTerm |
| Dec 18, 2015 | $1.233 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.303 | CapitalGainShortTerm |
| Dec 18, 2014 | $1.753 | CapitalGainLongTerm |
| Dec 18, 2013 | $0.522 | CapitalGainShortTerm |
| Dec 18, 2013 | $0.989 | CapitalGainLongTerm |
| Dec 18, 2012 | $1.190 | CapitalGainLongTerm |
| Dec 18, 2012 | $0.032 | OrdinaryDividend |
| Dec 20, 2011 | $0.093 | CapitalGainShortTerm |
| Dec 20, 2011 | $0.898 | CapitalGainLongTerm |
| Dec 20, 2010 | $0.317 | CapitalGainLongTerm |
| Jun 18, 2008 | $0.071 | CapitalGainShortTerm |
| Jun 18, 2008 | $0.125 | CapitalGainLongTerm |
| Dec 18, 2007 | $0.165 | CapitalGainShortTerm |
| Dec 18, 2007 | $0.584 | CapitalGainLongTerm |
| Dec 19, 2006 | $0.226 | CapitalGainLongTerm |
| Jun 20, 2006 | $0.027 | CapitalGainShortTerm |
| Jun 20, 2006 | $0.445 | CapitalGainLongTerm |
| Dec 20, 2005 | $0.045 | CapitalGainLongTerm |
BUFTX - Fund Manager Analysis
Managers
Dave Carlsen
Start Date
Tenure
Tenure Rank
Jan 01, 2004
18.42
18.4%
Dave Carlsen, CFA, Co-Portfolio Managerand partner. Mr. Carlsen has been an investment professional since 1992 and joined Kornitzer Capital Management (KCM) in 2004. Mr. Carlsen was formerly a senior equity research analyst at Strong Capital Management, Inc. in Milwaukee, Wisconsin and an investment analyst and operations manager with Northern Capital Management Inc. in Madison, Wisconsin. Mr. Carlsen holds a B.B.A. in Finance, Investments and Banking from the University of Wisconsin-Madison. Mr. Carlsen holds the Chartered Financial Analyst designation.
Jamie Cuellar
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Mr. Cuellar has been an investment professional since 1992 and joined KCM in 2015. Mr. Cuellar was a Managing Director and Portfolio Manager for the US Small Cap and US Micro Cap Growth Strategies for PineBridge Investments and predecessor firms, John McStay Investment Counsel and Brazos Capital Management from 2000 to 2012. He also served as a Portfolio Manager with Jacob Asset Management in 2012, a Senior Portfolio Manager with Northern Trust’s wealth advisory practice from 2012 to 2015, as well as an Investment Analyst for Lee Financial Corporation in Dallas, TX from 1994 to 1999. Mr. Cuellar holds a B.B.A. in Finance from the University of San Diego and an M.B.A from Southern Methodist University’s Cox School of Business.
Ken Laudan
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Ken began working with SRAM in 2017 as an advisor to the Small Cap Equities strategy. At SRAM, he capitalizes on 26 years in the institutional investment healthcare sector. His previous experience includes overseeing Humana’s corporate venture capital effort, eleven years as an award-winning sell-side analyst and the last 13 years on the buyside as a sub-advisor at Friess Associates (long only) and Blackthorn Investment Group (market neutral). At Blackthorn, he was part of four-person portfolio team that won back to back “Top Lipper Award for Market Neutral Hedge Fund in North America”. Ken also currently manages his own long oriented healthcare fund, TallGrass Health Sciences Fund. Ken graduated from Kansas State University with a degree in finance and minor in accounting. Ken has served on the Dean of Student’s Advisory Board and the Finance Advisory Board of the Business School at K-State.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
