Investor Login Advisors Contact Us FAQs Search Now Available — 2021 Year-End Capital Gains Distribution Estimates BARRON'S PROFILE ON THE BUFFALO SMALL CAP FUND Bob Male, CFA, Buffalo Small Cap Fund co-portfolio manager, discusses his team’s trend-spotting and portfolio-building strategies that help the Fund find small companies with the potential to grow into large ones. Access the Barron's article here 12345 FINANCIAL PROFESSIONALS Investment information for financial intermediaries including advisors, broker-dealers, RIAs, and research teams. Choose An Option Advisor Blog Research & PM Insights Fund Performance Our Team Media Coverage INDIVIDUAL INVESTORS Mutual fund information including performance, commentary, holdings, distributions, and prospectuses are available for individual investors. Choose An Option Investor Login About Us Open An Account Tax Information Q3 2021 NEWSLETTER Even with inflationary fears, upcoming Federal Reserve bond tapering, and uncertainty surrounding Congressional bill passage gripping the markets, we foresee the potential for higher equity prices in the near-term. Read More DISRUPTION IN HEALTHCARE INVESTING 2020 Healthcare is being disrupted… and we’re just getting started. The healthcare sector should continue to be one of the most dynamic investment sectors in the world economy. Read More FUND PERFORMANCE Month-to-Date & Quarter-to-Date Performance Ratings & Rankings Dividends & Distributions Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted, quarter-end performance can be obtained here, and month-end performance can be obtained here. Investor Institutional As of December 1, 2021 FUND TICKER NAV CNG ($) CNG (%) YTD (%) DISCOVERY FUND BUFTX $31.25 $-0.72 -2.25% 4.13% DIVIDEND FOCUS FUND BUFDX $25.10 $-0.27 -1.06% 14.47% EARLY STAGE GROWTH FUND BUFOX $22.84 $-0.58 -2.48% 2.98% FLEXIBLE INCOME FUND BUFBX $17.99 $-0.09 -0.50% 22.20% GROWTH FUND BUFGX $35.66 $-0.52 -1.44% 15.70% HIGH YIELD FUND BUFHX $11.80 $0.01 0.08% 4.30% INTERNATIONAL FUND BUFIX $22.79 $-0.08 -0.35% 13.61% LARGE CAP FUND BUFEX $54.59 $-0.80 -1.44% 21.88% MID CAP FUND BUFMX $20.63 $-0.43 -2.04% 6.89% SMALL CAP FUND BUFSX $20.97 $-0.63 -2.92% 0.67% View Full Fund Performance FEATURED ARTICLES WEBINAR – “DIVIDEND FUNDS: DO WE EVEN NEED BONDS?” BARRON’S PROFILE OF BUFFALO SMALL CAP FUND PM BOB MALE FINDING SMALL-CAP INNOVATORS IN TECHNOLOGY BUFFALO MUTUAL FUND PLAYS MAJOR THEMES WITH STOCKS View All Media Coverage Diversification does not assure a profit, nor does it protect against a loss in a declining market. Active investing has higher management fees because of the manager’s increased level of involvement while passive investing has lower management and operating fees. Investing in both actively and passively managed mutual funds involves risk and principal loss is possible. Both actively and passively managed mutual funds generally have daily liquidity. There are no guarantees regarding the performance of actively and passively managed mutual funds. Actively managed mutual funds may have higher portfolio turnover than passively managed funds. Excessive turnover can limit returns and can incur capital gains. FEATURED FUNDS DISCOVERY FUND INTERNATIONAL FUND EARLY STAGE GROWTH FUND SMALL CAP FUND A NOTE FROM OUR FOUNDER We believe active portfolio management leads to superior wealth creation and better risk-adjusted results over time. Our investment approach combines top-down trend analysis with bottom-up fundamental company research and then applies a strict valuation discipline to security selection. The core of our organization is driven by a working philosophy which stresses a team-based investment management structure, independent thinking, in-depth and in-house research, and a long-term focus. We invest alongside our clients and mutual fund shareholders and have a pride of independent ownership. ~ John C. Kornitzer, Founder Buffalo Funds  FUNDAMENTAL APPROACH We get to know the companies we invest in and learn how they run their business.  TOP-DOWN & BOTTOM-UP We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.  PROPRIETARY PHILOSOPHY We construct our portfolios based on our own proprietary investment strategy.  DISCIPLINED INVESTING Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach. OUR FUNDS Discovery Fund Dividend Focus Fund Early Stage Growth Fund Flexible Income Fund Growth Fund High Yield Fund International Fund Large Cap Fund Mid Cap Fund Small Cap Fund INVEST WITH US Open an Account Directly Work with a Financial Advisor Platform Availability RESOURCES Account Forms Advisors Coverdell Accounts CUSIP IDs FAQs Investor Login IRA Accounts Literature Prospectus Tax Information ABOUT US Who We Are Investment Strategy Our Team Our History LinkedIn Prospectus Privacy Policy Definitions © 2021 Buffalo Funds. All rights reserved. Before you invest in the Buffalo Funds, please refer to the summary or statutory prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling (800) 49-BUFFALO. The prospectus should be read carefully before you invest or send money. Mutual fund investing involves risk; Principal loss is possible. The Buffalo Dividend Focus, Flexible Income, Early Stage Growth, Small Cap, Mid Cap, Discovery, Growth, and International Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Dividend Focus, High Yield, Early Stage Growth, Small Cap, Mid Cap, Discovery, Growth, Large Cap and International Fund may invest in foreign securities which will involve political, economic and currency risks, greater volatility and differences in accounting methods. The International Fund may invest in emerging markets, which are generally more volatile and can have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries and securities markets that are substantially smaller, less liquid, more volatile and may have a lower level of government oversight than securities markets in more developed countries. The Flexible Income and High Yield Funds may invest in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Flexible Income Fund may invest in MLPs which are subject to certain risks inherent in the structure of MLPs, including complex tax structure risks, limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates. Investors should be aware of risks involved with investing REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. The Buffalo Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Buffalo Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Kornitzer Capital Management is the advisor to the Buffalo Funds, which are distributed by Quasar Distributors, LLC.