Investor Login Advisors Contact Us FAQs Search INSTITUTIONAL CLASS SHARES – FAQS On July 1, 2019, shares of the Buffalo Funds were re-designated as “Investor Class” shares and new “Institutional Class” shares were created. Accounts that met the eligibility requirements were automatically converted to the new Institutional Class of shares on July 1st. NEW TICKER SYMBOLS, CUSIPS, EXPENSE RATIOS FUND NAME INSTITUTIONAL CLASS INVESTOR CLASS As of July 29, 2021 Symbol CUSIP Expense Ratio Symbol CUSIP Expense Ratio DISCOVERY BUITX 119530707 0.86% BUFTX 119530103 1.01% DIVIDEND FOCUS BUIDX 119530806 0.79% BUFDX 119539104 0.94% EARLY STAGE GROWTH BUIOX 119530889 1.36% BUFOX 119530301 1.51% FLEXIBLE INCOME BUIBX 119530871 0.86% BUFBX 119428100 1.01% GROWTH BIIGX 119530863 0.77% BUFGX 119826105 0.92% HIGH YIELD BUIHX 119530855 0.87% BUFHX 119539104 1.03% INTERNATIONAL BUIIX 119530848 0.89% BUFIX 119530509 1.04% LARGE CAP BUIEX 119530830 0.80% BUFEX 119628105 0.95% MID CAP BUIMX 119530822 0.88% BUFMX 119530202 1.03% SMALL CAP BUISX 119530814 0.86% BUFSX 119804102 1.01% All expense ratios are current as of July 1, 2019. For additional information, please review the updated Prospectus. FREQUENTLY ASKED QUESTIONS Why is Buffalo doing this?Read More ▼ Am I being converted to the new class?Read More ▼ Will my account number change because of this conversion?Read More ▼ Can I aggregate my various accounts to reach the Institutional threshold?Read More ▼ If I reach the threshold after 7/1/19, will you automatically convert me?Read More ▼ Must I maintain my $250,000 balance once I’m in the Institutional Class?Read More ▼ In the Institutional Class, is the minimum per fund $1,000 so long as the overall investment is at least $250,000?Read More ▼ Is this conversion a taxable event?Read More ▼ Does this conversion impact my cost-basis?Read More ▼ Can I claim a stepped-up cost-basis to the account value as of July 1st for taxes?Read More ▼ FOR MORE INFORMATION: Investors or Shareholders Shareholder Services Team (800) 492-8332 Advisors or Institutional Investors Christopher Crawford ccrawford@buffalofunds.com (913) 647-2321 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.