- ISIN
- US1194281002
- CUSIP
- 119428100
- Issuer
- Buffalo
- Inception Date
- Aug 12, 1994
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
BUFBX Performance Chart
Buffalo Flexible Income Fund (BUFBX) is up 14.8% since the beginning of the year. BUFBX is currently trading at $23 per share. Investors who bought $1,000 worth of BUFBX shares 5 years ago would now be looking at an investment worth $1,740.
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Returns By Period
Buffalo Flexible Income Fund (BUFBX) has returned 14.75% so far this year and 20.23% over the past 12 months. Over the last ten years, BUFBX has returned 9.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.49% annually.
Buffalo Flexible Income Fund
- 1D
- 0.00%
- 1M
- 3.93%
- 6M
- 9.24%
- YTD
- 14.75%
- 1Y
- 20.23%
- 3Y*
- 13.29%
- 5Y*
- 11.71%
- 10Y*
- 9.83%
- ALL TIME*
- 7.89%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
BUFBX Monthly Returns History
Based on dividend-adjusted daily data since Aug 12, 1994, BUFBX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Oct 2008 at -16.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BUFBX closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.35% | 3.58% | -0.45% | 1.59% | 2.41% | -3.04% | 5.72% | 0.00% | 14.75% | ||||
| 2025 | 2.61% | 3.71% | -1.36% | -4.45% | 2.72% | 2.08% | -0.14% | 2.23% | 1.26% | -0.68% | 2.91% | -0.68% | 10.37% |
| 2024 | 2.38% | 2.58% | 4.78% | -2.94% | 2.26% | 1.21% | 0.57% | 2.90% | -0.45% | -2.32% | 4.67% | -5.33% | 10.26% |
| 2023 | 2.26% | -4.77% | 1.70% | 2.92% | -4.59% | 4.60% | 2.76% | 0.09% | -2.47% | -0.87% | 4.42% | 1.69% | 7.42% |
| 2022 | 0.46% | -0.95% | 4.44% | -2.34% | 3.58% | -7.41% | 3.59% | -1.78% | -7.57% | 12.01% | 5.00% | -3.41% | 3.97% |
| 2021 | 2.34% | 2.43% | 4.09% | 3.13% | 2.71% | 1.80% | -0.42% | 1.35% | -1.55% | 5.66% | -0.60% | 5.85% | 29.97% |
Benchmark Metrics
Buffalo Flexible Income Fund has an annualized alpha of 1.95%, beta of 0.62, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since August 12, 1994.
- This fund participated in 66.92% of S&P 500 Index downside but only 66.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.95%
- Beta
- 0.62
- R²
- 0.76
- Upside Capture
- 66.17%
- Downside Capture
- 66.92%
Expense Ratio
BUFBX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BUFBX ranks 88 for risk / return — above 88% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Buffalo Flexible Income Fund (BUFBX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BUFBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 2.45 | +2.31 |
| Martin ratioReturn relative to average drawdown | 15.37 | 10.40 | +4.97 |
Dividends
Dividend History
Buffalo Flexible Income Fund provided a 7.94% dividend yield over the last twelve months, with an annual payout of $1.85 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.86 | $0.76 | $0.66 | $0.76 | $1.02 | $0.50 | $0.43 | $0.82 | $0.86 | $0.35 | $0.50 |
Dividend yield | 7.94% | 9.10% | 3.77% | 3.48% | 4.16% | 5.57% | 3.33% | 2.73% | 6.01% | 5.49% | 2.39% | 3.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Buffalo Flexible Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.01 | $0.02 | $0.01 | $0.04 | $0.05 | $0.00 | $0.00 | $0.14 | ||||
| 2025 | $0.03 | $0.01 | $0.02 | $0.02 | $0.05 | $0.03 | $0.00 | $0.04 | $0.05 | $0.00 | $0.04 | $1.58 | $1.86 |
| 2024 | $0.02 | $0.01 | $0.00 | $0.01 | $0.05 | $0.03 | $0.00 | $0.05 | $0.03 | $0.01 | $0.03 | $0.52 | $0.76 |
| 2023 | $0.01 | $0.02 | $0.00 | $0.01 | $0.04 | $0.05 | $0.01 | $0.05 | $0.03 | $0.01 | $0.05 | $0.39 | $0.66 |
| 2022 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.04 | $0.01 | $0.03 | $0.04 | $0.01 | $0.04 | $0.52 | $0.76 |
| 2021 | $0.01 | $0.03 | $0.04 | $0.01 | $0.02 | $0.04 | $0.01 | $0.04 | $0.04 | $0.01 | $0.03 | $0.75 | $1.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Buffalo Flexible Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Buffalo Flexible Income Fund was 39.78%, occurring on Mar 5, 2009. Recovery took 454 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.78%Mar 2009 | 9mo 19d | 1y 9mo | 2y 7moMay 2008 - Dec 2010 | Financial crisis2007–2009 |
-35.51%Mar 2020 | 2mo 2d | 9mo 27d | 11mo 29dJan 2020 - Jan 2021 | COVID crash2020 |
-33.28%Oct 2002 | 1y 8mo | 1y 2mo | 2y 11moFeb 2001 - Jan 2004 | Dot-com crash2000–2002 |
-19.79%Oct 1998 | 5mo 19d | 1y 5mo | 1y 11moApr 1998 - Mar 2000 | — |
-17.44%Dec 2018 | 2mo 21d | 10mo 16d | 1y 1moOct 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| BUFBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.78% | -56.78% | +17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -9.10% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -18.90% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.67% | -25.43% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -33.92% | -1.59% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -10.70% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.14% | -0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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