Buffalo Flexible Income Fund
BUFBX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Kornitzer Capital Management, Inc. Shawnee Mission KS United States of America 66205
- IPO Date
- Aug 12, 1994
- CIK
- 0001135300
- Website
- buffalofunds.com
- Similar Companies
- Business
- Buffalo Flexible Income Fund (BUFBX) is an actively managed open-end mutual fund that seeks high current income as its primary objective and long-term capital growth as a secondary goal through a flexible allocation between debt and equity securities. The fund invests primarily in a diversified portfolio of U.S. large-cap value stocks, including leading holdings such as Microsoft Corp., Eli Lilly and Co., International Business Machines Corp., Costco Wholesale Corp., and Arthur J. Gallagher & Co.; it maintains exposure across sectors like energy (24.34%), technology (21.08%), consumer defensive (17.26%), healthcare (15.84%), and financial services (9.64%), with approximately 97.55% allocated to U.S. equities, 2.15% to non-U.S. stocks, and minimal cash holdings. While capable of investing in debt securities including high-yield bonds, the portfolio currently emphasizes equities with no reported bond allocations; investor shares feature a net expense ratio of 1.01%, a minimum initial investment of $2,500, and daily pricing, with total net assets of approximately $484.6 million. The fund, launched on August 12, 1994, is advised by Kornitzer Capital Management, Inc., a privately held firm founded in 1989 and headquartered at 5420 West 61st Place in Mission, Kansas; it is part of the Buffalo Funds family, distributed by Quasar Distributors, LLC, and available for sale in the United States. Portfolio management is led by John Kornitzer since January 1, 2003, and Paul Dlugosch since May 31, 2011. The fund targets individual and institutional investors seeking income-oriented strategies with growth potential, operating within the large value category per Morningstar classification. Recent developments include sustained strong performance, with a total return of 19.37% for the investor class over the 12 months ended March 31, 2024, though underperforming its benchmark, and year-to-date returns of approximately 10.89% as of November 2025 amid market volatility. The fund maintained a low portfolio turnover of 1% and a TTM yield of 1.65% as of mid-2024, reflecting disciplined active management; monthly dividends continued, with the last reported payment of $0.0170 per share in March 2025. No major acquisitions, funding rounds, partnerships, or strategic shifts specific to BUFBX were announced in 2024 or 2025, with the adviser Kornitzer Capital Management reporting stable assets under management around $7.2 billion as of mid-2024.