Buffalo Dividend Focus Fund
BUFDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Kornitzer Capital Management, Inc. Shawnee Mission KS United States of America 66205
- IPO Date
- Dec 3, 2012
- CIK
- 0001135300
- Website
- buffalofunds.com
- Similar Companies
- Business
- Buffalo Dividend Focus Fund (BUFDX) is an actively managed mutual fund that seeks current income as its primary objective, with long-term growth of capital as a secondary goal; it invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities of U.S.-traded companies exhibiting sustainable competitive advantages, strong returns on capital, free cash flow generation, conservative balance sheets, and capable management teams; the fund employs a fundamental, bottom-up approach combined with top-down secular growth trend analysis to select large-cap blend stocks, typically holding 80-90 positions with low turnover of around 3%; portfolio characteristics include a weighted average market cap exceeding $500 billion, median market cap near $80 billion, and emphasis on firms with positive free cash flow comprising over 60% of holdings; distributions occur quarterly, with a recent 30-day SEC yield of approximately 1.4%. The fund offers Investor Class shares (BUFDX, inception December 3, 2012, expense ratio 0.92%) and Institutional Class shares (BUIDX, inception July 1, 2019, expense ratio 0.79%), both no-load with a minimum initial investment of $2,500 for Investor shares; it benchmarks against the Russell 1000 Index and falls within the Morningstar Large Blend category, where it has earned competitive risk-adjusted ratings, ranking in the top quintile over multiple periods as of September 30, 2025. Managed by Kornitzer Capital Management, Inc., the fund is part of the Buffalo Funds family, a privately held boutique investment adviser founded in 1989 and headquartered in Mission, Kansas; co-portfolio managers Paul Dlugosch, CFA, and others apply disciplined valuation to target reasonable entry points for long-term holding, focusing on large-capitalization companies across sectors like technology, financials, and energy. Recent developments include sustained strong performance through 2025 market volatility, with year-to-date returns around 6% for BUFDX as of mid-November 2025 and total assets under management reaching approximately $175 million; the fund maintained its low-turnover strategy amid U.S. equity advances, avoiding high-flyers like Super Micro Computer and MicroStrategy while emphasizing competitively advantaged names; quarterly commentaries highlight ongoing commitment to wide-moat large-cap stocks at fair valuations despite Federal Reserve uncertainty, domestic politics, and geopolitical tensions, with no reported acquisitions, partnerships, or structural changes in the past 1-2 years.