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Buffalo High Yield Fund
mutual fund
BUIHX
Payout Change
Pending
Price as of:
$10.78
+0.01
+0.09%
primary theme
High Yield Bond
share class
BUIHX (Mutual Fund)
Buffalo High Yield Fund
Payout Change
Pending
Price as of:
$10.78
+0.01
+0.09%
primary theme
High Yield Bond
share class
BUIHX (Mutual Fund)
Buffalo High Yield Fund
Payout Change
Pending
Price as of:
$10.78
+0.01
+0.09%
primary theme
High Yield Bond
share class
Name
As of 10/11/2024Price
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
7.8%
1 yr return
13.5%
3 Yr Avg Return
4.6%
5 Yr Avg Return
6.3%
Net Assets
$567 M
Holdings in Top 10
27.2%
52 WEEK LOW AND HIGH
$10.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
$250,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
BUIHX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.09%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBuffalo High Yield Fund
-
Fund Family NameBuffalo
-
Inception DateJul 03, 2019
-
Shares Outstanding22380257
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Sitzmann
Fund Description
The High Yield Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in higher-yielding, higher-risk debt securities rated below investment grade by the major rating agencies (or in similar unrated securities), commonly known as “junk bonds.” Debt securities may include fixed and floating rate bonds, bank debt, and convertible debt securities. With respect to the remaining 20% of the Fund’s net assets, the Fund may invest in securities such as investment grade debt securities, U.S. Treasury Securities (typically with maturities of 60 days or less), money market funds, and equity investments, including dividend paying stocks, convertible stocks, and preferred stocks. 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 and U.S. over-the-counter markets.
The Fund maintains a flexible investment policy which allows it to invest in debt securities with varying maturities. The lowest rated debt security that the Fund will hold is D quality (defaulted securities). Although the Fund will not purchase D quality debt securities, the Fund may continue to hold these securities and will sell them at the discretion of Kornitzer Capital Management, Inc., the Fund’s investment adviser (the “Adviser” or “KCM”). The Fund has no limitation on principal, interest, or reset terms on debt securities held in the Fund.
The Adviser performs extensive fundamental investment research to identify investment opportunities for the Fund. When evaluating investments and the credit quality of rated and unrated securities, the Adviser looks at a number of past, present, and estimated future factors, including: (1) financial strength of the issuer; (2) cash flow; (3) management; (4) borrowing requirements; (5) sensitivity to changes in interest rates and business conditions; and (6) relative value. The Fund may invest in companies in any sector. The Adviser may sell the Fund’s investments to secure gains, limit losses, or reinvest in more promising investment opportunities.
BUIHX - Performance
Return Ranking - Trailing
| Period | BUIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -5.8% | 15.9% | 27.18% |
| 1 Yr | 13.5% | -1.2% | 20.3% | 74.27% |
| 3 Yr | 4.6%* | -14.5% | 21.1% | 5.30% |
| 5 Yr | 6.3%* | -12.0% | 37.3% | 4.56% |
| 10 Yr | N/A* | -5.0% | 20.2% | 29.50% |
* Annualized
Return Ranking - Calendar
| Period | BUIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -4.7% | 14.3% | 67.37% |
| 2022 | -12.6% | -33.4% | 3.6% | 15.74% |
| 2021 | -1.7% | -8.4% | 8.2% | 89.12% |
| 2020 | 4.5% | -13.2% | 302.7% | 5.78% |
| 2019 | N/A | -4.4% | 13.3% | N/A |
Total Return Ranking - Trailing
| Period | BUIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -5.8% | 15.9% | 27.18% |
| 1 Yr | 13.5% | -1.2% | 20.3% | 74.27% |
| 3 Yr | 4.6%* | -14.5% | 21.1% | 5.30% |
| 5 Yr | 6.3%* | -12.0% | 37.3% | 4.56% |
| 10 Yr | N/A* | -5.0% | 20.2% | 28.36% |
* Annualized
Total Return Ranking - Calendar
| Period | BUIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | -4.7% | 18.7% | 60.39% |
| 2022 | -5.4% | -33.4% | 47.8% | 7.05% |
| 2021 | 5.7% | -8.4% | 12.4% | 36.39% |
| 2020 | 9.4% | -9.6% | 325.6% | 5.43% |
| 2019 | N/A | -3.8% | 19.4% | N/A |
NAV & Total Return History
BUIHX - Holdings
Concentration Analysis
| BUIHX | Category Low | Category High | BUIHX % Rank | |
|---|---|---|---|---|
| Net Assets | 567 M | 3.13 M | 23.6 B | 49.19% |
| Number of Holdings | 154 | 2 | 3879 | 84.88% |
| Net Assets in Top 10 | 138 M | -492 M | 5.25 B | 37.72% |
| Weighting of Top 10 | 27.16% | 4.2% | 146.0% | 9.59% |
Top 10 Holdings
- Fidelity Government Portfolio 9.17%
- Amneal Pharmaceuticals LLC 3.95%
- Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC 2.22%
- Endo Finance Holdings Inc 1.97%
- Northern Oil Gas Inc 1.81%
- GEO Group Inc/The 1.65%
- Directv Financing LLC 1.64%
- PetIQ Holdings LLC 1.60%
- Saturn Oil Gas Inc 1.59%
- Burford Capital Global Finance LLC 1.56%
Asset Allocation
| Weighting | Return Low | Return High | BUIHX % Rank | |
|---|---|---|---|---|
| Bonds | 91.31% | 0.00% | 145.36% | 80.10% |
| Cash | 9.17% | -52.00% | 48.02% | 13.66% |
| Convertible Bonds | 7.39% | 0.00% | 17.89% | 1.30% |
| Preferred Stocks | 2.72% | 0.00% | 4.97% | 1.46% |
| Stocks | 0.00% | 0.00% | 99.64% | 75.08% |
| Other | 0.00% | -39.08% | 99.96% | 51.54% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BUIHX % Rank | |
|---|---|---|---|---|
| Corporate | 95.24% | 0.00% | 100.00% | 49.19% |
| Cash & Equivalents | 9.17% | 0.00% | 48.02% | 12.85% |
| Derivative | 0.00% | -14.19% | 42.26% | 42.76% |
| Securitized | 0.00% | 0.00% | 97.24% | 48.86% |
| Municipal | 0.00% | 0.00% | 1.17% | 12.54% |
| Government | 0.00% | 0.00% | 99.07% | 38.11% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BUIHX % Rank | |
|---|---|---|---|---|
| US | 91.31% | 0.00% | 126.57% | 67.48% |
| Non US | 0.00% | 0.00% | 96.91% | 46.67% |
BUIHX - Expenses
Operational Fees
| BUIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.02% | 38.33% | 58.28% |
| Management Fee | 0.85% | 0.00% | 1.75% | 94.49% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| BUIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BUIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| BUIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 1.00% | 255.00% | 20.07% |
BUIHX - Distributions
Dividend Yield Analysis
| BUIHX | Category Low | Category High | BUIHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.96% | 0.00% | 11.76% | 13.57% |
Dividend Distribution Analysis
| BUIHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| BUIHX | Category Low | Category High | BUIHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.09% | -2.39% | 9.30% | 65.89% |
Capital Gain Distribution Analysis
| BUIHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 18, 2024 | $0.062 | OrdinaryDividend |
| Aug 20, 2024 | $0.065 | OrdinaryDividend |
| Apr 18, 2024 | $0.037 | OrdinaryDividend |
| Mar 19, 2024 | $0.060 | OrdinaryDividend |
| Feb 21, 2024 | $0.072 | OrdinaryDividend |
| Jan 18, 2024 | $0.056 | OrdinaryDividend |
| Dec 19, 2023 | $0.074 | OrdinaryDividend |
| Nov 20, 2023 | $0.064 | OrdinaryDividend |
| Oct 18, 2023 | $0.061 | OrdinaryDividend |
| Sep 19, 2023 | $0.057 | OrdinaryDividend |
| Aug 18, 2023 | $0.070 | OrdinaryDividend |
| Jul 18, 2023 | $0.049 | OrdinaryDividend |
| Jun 21, 2023 | $0.104 | OrdinaryDividend |
| May 18, 2023 | $0.058 | OrdinaryDividend |
| Apr 18, 2023 | $0.035 | OrdinaryDividend |
| Mar 20, 2023 | $0.049 | OrdinaryDividend |
| Feb 21, 2023 | $0.057 | OrdinaryDividend |
| Jan 18, 2023 | $0.014 | OrdinaryDividend |
| Dec 20, 2022 | $0.101 | OrdinaryDividend |
| Dec 05, 2022 | $0.188 | CapitalGainLongTerm |
| Nov 18, 2022 | $0.056 | OrdinaryDividend |
| Oct 18, 2022 | $0.049 | OrdinaryDividend |
| Sep 20, 2022 | $0.055 | OrdinaryDividend |
| Aug 18, 2022 | $0.047 | OrdinaryDividend |
| Jul 19, 2022 | $0.049 | OrdinaryDividend |
| Jun 21, 2022 | $0.048 | OrdinaryDividend |
| May 18, 2022 | $0.097 | OrdinaryDividend |
| Apr 19, 2022 | $0.029 | OrdinaryDividend |
| Mar 18, 2022 | $0.039 | OrdinaryDividend |
| Feb 18, 2022 | $0.042 | OrdinaryDividend |
| Jan 19, 2022 | $0.028 | OrdinaryDividend |
| Dec 20, 2021 | $0.061 | OrdinaryDividend |
| Dec 03, 2021 | $0.344 | OrdinaryDividend |
| Nov 18, 2021 | $0.041 | OrdinaryDividend |
| Oct 19, 2021 | $0.045 | OrdinaryDividend |
| Sep 20, 2021 | $0.041 | OrdinaryDividend |
| Aug 18, 2021 | $0.037 | OrdinaryDividend |
| Jul 20, 2021 | $0.043 | OrdinaryDividend |
| Jun 18, 2021 | $0.064 | OrdinaryDividend |
| May 18, 2021 | $0.031 | OrdinaryDividend |
| Apr 20, 2021 | $0.027 | OrdinaryDividend |
| Mar 18, 2021 | $0.046 | OrdinaryDividend |
| Feb 18, 2021 | $0.040 | OrdinaryDividend |
| Jan 20, 2021 | $0.032 | OrdinaryDividend |
| Dec 18, 2020 | $0.060 | OrdinaryDividend |
| Nov 18, 2020 | $0.040 | OrdinaryDividend |
| Oct 20, 2020 | $0.047 | OrdinaryDividend |
| Sep 18, 2020 | $0.040 | OrdinaryDividend |
| Aug 18, 2020 | $0.037 | OrdinaryDividend |
| Jul 20, 2020 | $0.037 | OrdinaryDividend |
| Jun 18, 2020 | $0.038 | OrdinaryDividend |
| May 19, 2020 | $0.062 | OrdinaryDividend |
| Apr 20, 2020 | $0.026 | OrdinaryDividend |
| Mar 18, 2020 | $0.026 | OrdinaryDividend |
| Feb 19, 2020 | $0.043 | OrdinaryDividend |
| Jan 21, 2020 | $0.041 | OrdinaryDividend |
| Dec 18, 2019 | $0.045 | OrdinaryDividend |
| Nov 19, 2019 | $0.039 | OrdinaryDividend |
| Oct 18, 2019 | $0.038 | OrdinaryDividend |
| Sep 18, 2019 | $0.036 | OrdinaryDividend |
| Aug 20, 2019 | $0.043 | OrdinaryDividend |
| Jul 18, 2019 | $0.040 | OrdinaryDividend |
BUIHX - Fund Manager Analysis
Managers
Jeffrey Sitzmann
Start Date
Tenure
Tenure Rank
Jul 30, 2007
14.85
14.9%
Mr. Sitzmann has been an investment professional since 1987 and joined KCM in 2002. Previously, Mr. Sitzmann worked as a Senior Investment Analyst at Banc One Investment Advisors. Mr. Sitzmann holds a B.B.A. from the University of Toledo and an M.B.A. from the University of Chicago. He also holds the Chartered Financial Analyst designation.
Paul Dlugosch
Start Date
Tenure
Tenure Rank
Jul 30, 2007
14.85
14.9%
Paul Dlugosch, CFA, Co-Portfolio Manager. Mr. Dlugosch has been an investment professional since 1997 and joined KCM in 2002. Previously, Mr. Dlugosch worked at Antares Capital Corporation and LaSalle National Bank in Chicago, Illinois. Mr. Dlugosch holds the Chartered Financial Analyst designation. He holds a B.S. in Business Administration from the University of Iowa.
Jeffrey Deardorff
Start Date
Tenure
Tenure Rank
Jan 05, 2015
7.41
7.4%
Jeff K. Deardorff, CFA, Co-Portfolio Manager. Mr. Deardorff has been an investment professional since 1997 and joined KCM in 2002. Previously, Mr. Deardorff worked as an equity arbitrage and money markets trader for Koch Industries. He holds a B.S. in Business Administration from Kansas State University. Mr. Deardorff has served as co-portfolio manager of the High Yield Fund since 2015 and the Dividend Focus Fund since July 2018.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.3 | 8.17 |
