Buffalo Discovery Fund (BUFTX)
The fund principally invests in equity securities, consisting of common stock, preferred stock, convertible securities, warrants and rights of companies whose securities may increase in value due to the development, advancement or commercial application of innovative strategies. In addition to the fund's investments in domestic securities, it may invest up to 20% of its net assets in sponsored or unsponsored ADRs and securities of foreign companies that are traded on U.S. stock exchanges.
Fund Info
| ISIN | US1195301031 |
|---|---|
| CUSIP | 119530103 |
| Issuer | Buffalo |
| Inception Date | Apr 16, 2001 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
BUFTX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: BUFTX vs. FMIMX, BUFTX vs. VTI, BUFTX vs. SCHG, BUFTX vs. VOO, BUFTX vs. VB, BUFTX vs. VO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Buffalo Discovery Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Buffalo Discovery Fund had a return of 11.30% year-to-date (YTD) and 28.99% in the last 12 months. Over the past 10 years, Buffalo Discovery Fund had an annualized return of 2.07%, while the S&P 500 had an annualized return of 11.43%, indicating that Buffalo Discovery Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.30% | 25.82% |
| 1 month | 3.17% | 3.20% |
| 6 months | 11.02% | 14.94% |
| 1 year | 28.99% | 35.92% |
| 5 years (annualized) | -0.19% | 14.22% |
| 10 years (annualized) | 2.07% | 11.43% |
Monthly Returns
The table below presents the monthly returns of BUFTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.29% | 5.49% | 2.08% | -7.57% | 0.72% | 1.43% | 2.37% | 2.15% | 1.11% | -1.73% | 11.30% | ||
| 2023 | 10.16% | -1.46% | 1.67% | -2.91% | 0.48% | 7.12% | 2.02% | -2.29% | -5.90% | -6.13% | 12.50% | 8.80% | 24.30% |
| 2022 | -12.11% | -2.56% | 2.26% | -11.22% | -2.89% | -8.80% | 12.11% | -4.53% | -8.78% | 7.21% | 4.37% | -11.22% | -33.22% |
| 2021 | 1.07% | 2.41% | -0.77% | 4.06% | -2.49% | 3.97% | 1.94% | 1.12% | -3.58% | 5.97% | -6.63% | -9.60% | -3.70% |
| 2020 | 1.24% | -6.36% | -13.45% | 13.38% | 9.18% | 0.04% | 5.93% | 3.26% | 0.67% | -1.77% | 12.43% | 0.23% | 23.85% |
| 2019 | 9.64% | 6.51% | 2.35% | 4.03% | -3.80% | 6.24% | 2.01% | -1.49% | -1.22% | -0.22% | 4.02% | -12.53% | 14.51% |
| 2018 | 5.66% | -3.24% | -0.97% | -0.86% | 3.95% | 0.63% | 1.89% | 4.44% | -0.70% | -10.38% | 2.37% | -14.16% | -12.63% |
| 2017 | 2.72% | 3.13% | 2.15% | 2.01% | 1.43% | 1.46% | 2.79% | 0.81% | 2.02% | 2.10% | 2.83% | -4.91% | 19.90% |
| 2016 | -7.54% | 0.55% | 5.87% | -0.21% | 2.70% | -1.31% | 5.07% | 0.83% | 0.53% | -2.69% | 2.08% | -2.23% | 2.96% |
| 2015 | -1.40% | 8.67% | 0.33% | 0.23% | 1.11% | 0.37% | 1.23% | -5.10% | -4.33% | 3.93% | 2.78% | -8.62% | -1.90% |
| 2014 | 0.15% | 5.06% | -2.14% | -1.70% | 1.64% | 4.83% | -2.88% | 3.16% | -3.11% | 2.25% | 2.67% | -8.72% | 0.30% |
| 2013 | 5.66% | 0.18% | 2.58% | -1.99% | 4.30% | -0.34% | 9.66% | -1.42% | 6.11% | 2.10% | 1.67% | -3.76% | 26.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BUFTX is 34, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Buffalo Discovery Fund (BUFTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Buffalo Discovery 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 Discovery Fund was 55.81%, occurring on Oct 9, 2002. Recovery took 319 trading sessions.
The current Buffalo Discovery Fund drawdown is 22.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.81% | Jan 7, 2002 | 191 | Oct 9, 2002 | 319 | Jan 16, 2004 | 510 |
| -55.64% | Oct 15, 2007 | 279 | Nov 20, 2008 | 492 | Nov 4, 2010 | 771 |
| -45.47% | Nov 2, 2021 | 291 | Dec 28, 2022 | — | — | — |
| -38.05% | Nov 29, 2019 | 78 | Mar 23, 2020 | 138 | Oct 7, 2020 | 216 |
| -26.62% | Sep 17, 2018 | 69 | Dec 24, 2018 | 130 | Jul 2, 2019 | 199 |
Volatility
Volatility Chart
The current Buffalo Discovery Fund volatility is 4.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.