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Trending ETFs

Buffalo Mid Cap Discovery Fund

mutual fund
BUITX
Payout Change
Suspended
Price as of:
$25.74 +0.25 +0.98%
primary theme
U.S. Large-Cap Blend Equity
share class
BUITX (Mutual Fund)

Buffalo Mid Cap Discovery Fund

Payout Change
Suspended
Price as of:
$25.74 +0.25 +0.98%
primary theme
U.S. Large-Cap Blend Equity
share class
BUITX (Mutual Fund)

Buffalo Mid Cap Discovery Fund

Payout Change
Suspended
Price as of:
$25.74 +0.25 +0.98%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 10/08/2024

Price

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

$25.74

$835 M

0.00%

0.87%

Vitals

YTD Return

6.4%

1 yr return

20.5%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

8.4%

Net Assets

$835 M

Holdings in Top 10

22.7%

52 WEEK LOW AND HIGH

$25.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

Price

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

$25.74

$835 M

0.00%

0.87%

BUITX - Profile

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Buffalo Mid Cap Discovery Fund
  • Fund Family Name
    Buffalo
  • Inception Date
    Jul 05, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jennifer Hsui

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.
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BUITX - Performance

Return Ranking - Trailing

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% 4.4% 35.1% 99.68%
1 Yr 20.5% 8.4% 55.4% 97.41%
3 Yr -1.0%* -5.2% 16.8% 99.59%
5 Yr 8.4%* -7.8% 111.4% 97.99%
10 Yr N/A* 0.0% 52.9% 11.01%

* Annualized

Return Ranking - Calendar

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
2023 24.5% -42.6% 47.4% 12.01%
2022 -33.1% -56.3% -4.2% 95.75%
2021 -3.5% -27.2% 537.8% 95.68%
2020 24.1% -22.5% 2181.7% 2.42%
2019 N/A -13.5% 40.4% N/A

Total Return Ranking - Trailing

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% 4.4% 35.1% 99.68%
1 Yr 20.5% 8.4% 55.4% 97.41%
3 Yr -1.0%* -5.2% 16.8% 99.59%
5 Yr 8.4%* -7.8% 111.4% 97.99%
10 Yr N/A* 0.0% 52.9% 10.25%

* Annualized

Total Return Ranking - Calendar

Period BUITX Return Category Return Low Category Return High Rank in Category (%)
2023 24.5% -5.0% 47.4% 47.56%
2022 -28.6% -36.8% -2.2% 99.43%
2021 12.1% 3.0% 537.8% 98.26%
2020 34.0% -15.8% 2266.0% 0.86%
2019 N/A -0.4% 241.3% N/A

NAV & Total Return History


BUITX - Holdings

Concentration Analysis

BUITX Category Low Category High BUITX % Rank
Net Assets 835 M 2.34 M 1.55 T 58.66%
Number of Holdings 83 2 4002 57.77%
Net Assets in Top 10 168 M 979 K 517 B 70.55%
Weighting of Top 10 22.74% 0.3% 112.9% 95.45%

Top 10 Holdings

  1. Fidelity Government Portfolio 3.16%
  2. MSCI Inc 3.07%
  3. IQVIA Holdings Inc 2.62%
  4. TransUnion 2.38%
  5. AMETEK Inc 2.19%
  6. CoStar Group Inc 2.01%
  7. Aptiv PLC 1.96%
  8. Verisk Analytics Inc 1.85%
  9. Copart Inc 1.76%
  10. Veeva Systems Inc 1.75%

Asset Allocation

Weighting Return Low Return High BUITX % Rank
Stocks
96.95% 0.00% 105.85% 81.15%
Cash
3.16% 0.00% 99.07% 14.97%
Preferred Stocks
0.00% 0.00% 2.53% 12.62%
Other
0.00% -13.91% 100.00% 39.48%
Convertible Bonds
0.00% 0.00% 5.54% 7.79%
Bonds
0.00% 0.00% 94.06% 15.05%

Stock Sector Breakdown

Weighting Return Low Return High BUITX % Rank
Technology
25.58% 0.00% 48.94% 27.18%
Healthcare
13.70% 0.00% 60.70% 70.51%
Financial Services
13.23% 0.00% 55.59% 59.23%
Consumer Cyclical
11.84% 0.00% 30.33% 21.17%
Communication Services
9.36% 0.00% 27.94% 26.03%
Industrials
8.15% 0.00% 29.90% 74.96%
Consumer Defense
6.51% 0.00% 47.71% 60.05%
Energy
3.87% 0.00% 41.64% 57.91%
Utilities
2.74% 0.00% 20.91% 47.28%
Real Estate
2.72% 0.00% 31.91% 51.57%
Basic Materials
2.31% 0.00% 25.70% 67.96%

Stock Geographic Breakdown

Weighting Return Low Return High BUITX % Rank
US
96.95% 0.00% 105.85% 70.47%
Non US
0.00% 0.00% 64.54% 26.70%

BUITX - Expenses

Operational Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.01% 19.75% 44.63%
Management Fee 0.85% 0.00% 1.90% 94.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.00% 0.00% 0.85% 0.27%

Sales Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

BUITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 268.00% 15.60%

BUITX - Distributions

Dividend Yield Analysis

BUITX Category Low Category High BUITX % Rank
Dividend Yield 0.00% 0.00% 25.47% 90.35%

Dividend Distribution Analysis

BUITX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BUITX Category Low Category High BUITX % Rank
Net Income Ratio 1.39% -54.00% 2.44% 8.10%

Capital Gain Distribution Analysis

BUITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

BUITX - Fund Manager Analysis

Managers

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Apr 08, 2016

6.15

6.2%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Suzanne Henige


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mrs. Henige is a Director and member of BlackRock’s Index Equity Portfolio Management team. Her service with the firm dates back to 2009.

Paul Whitehead


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42