Buffalo High Yield Fund
BUFHX
NASDAQ10.42
USD
+0.02
- -
CIK
0001135300
ISIN
US1195391040
CUSIP
119539104
Return %
Stock
S&P500
1Y
-2.98
19.01
3Y
1.86
65.49
5Y
-13.38
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Emmanuel Roman
- Full Time Employees
- 3,200
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee, WI 53201 Newport Beach CA United States of America 92660
- IPO Date
- May 19, 1995
- CIK
- 0001135300
- Website
- pimco.com
- Similar Companies
- Business
- Buffalo High Yield Fund, Inc. (BUFHX) is an open-end mutual fund that seeks current income and long-term growth of capital by investing primarily in higher-yielding, higher-risk debt securities rated below investment grade, commonly known as junk bonds or high yield bonds; the fund normally allocates at least 80% of its net assets to such securities, including corporate bonds, bank loans, preferred stocks, and convertible securities, with a focus on intermediate-term maturities, small-to-medium issue sizes, and issuers exhibiting leading market positions, free cash flow generation, strong management teams, and stable industries. It maintains flexibility for up to 20% of assets in investment grade debt, U.S. Treasury securities, money market funds, or equity securities such as dividend-paying stocks and convertible preferred stocks; portfolio characteristics as of March 31, 2025, include 164 holdings, an average duration of 1.90 years, average maturity of 4.50 years, and a 3-year annualized turnover ratio of 28.13%, with top sectors comprising corporate bonds (56.33%), bank loans (36.02%), and cash equivalents (3.03%). The fund offers Investor Class shares (BUFHX, inception May 19, 1995, expense ratio 1.02%-1.03%) and Institutional Class shares (BUIHX, inception July 1, 2019, expense ratio 0.87%), with total net assets of approximately $710 million as of recent data and monthly dividend distributions yielding around 7.35% trailing twelve months. Managed by Kornitzer Capital Management, Inc., adviser to the Buffalo Funds family since its founding in 1994 and headquartered in Mission, Kansas, the fund operates in the U.S. high yield bond category (Morningstar), benchmarking against the ICE BofA U.S. High Yield Index, with geographic exposure primarily to U.S. bonds (75%) and non-U.S. bonds (15%). Portfolio managers include Jeffrey Sitzmann (since 2007), Paul Dlugosch, and Jeffrey Deardorff, all with extensive credit research experience dating back to the 1980s and 1990s. Recent developments include sustained strong performance with 5-star Morningstar ratings across 3-, 5-, and 10-year periods as of March 31, 2025 (among 589, 547, and 429 high yield bond funds, respectively), quarterly commentaries highlighting market positioning amid trends like notable contributors/detractors in holdings such as Amneal Pharmaceuticals LLC term loans and Uniti Group LP bonds, and ongoing monthly net investment income distributions through 2025, including payments in July, June, and May 2025; the fund announced potential year-end capital gains distributions for record dates December 4 and 17, 2025.