Buffalo Discovery Fund

Frequently Asked Questions About BUFTX

What does BUFTX invest in?

This fund primarily allocates its capital to equity instruments, such as common and preferred shares, convertible bonds, warrants, and rights. It targets companies expected to appreciate due to their engagement in developing, advancing, or commercially implementing groundbreaking strategies. While primarily investing domestically, the fund also has the flexibility to allocate up to 20% of its total net assets to international holdings, specifically through sponsored or unsponsored American Depositary Receipts (ADRs) and foreign company securities listed on U.S. exchanges.

What is the expense ratio of BUFTX?

Buffalo Discovery Fund (BUFTX) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BUFTX?

Buffalo Discovery Fund (BUFTX) manages $345.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BUFTX actively managed or an index fund?

BUFTX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BUFTX launched?

Buffalo Discovery Fund (BUFTX) launched in April 2001 and is managed by the fund issuer.

How has BUFTX performed?

BUFTX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.