| Ticker: | BUFBX |
| Manager: | Paul Dlugosch |
| Manager Since: | 08/94 |
| NAV (05/22/2013): | 13.94 |
| Objective: | Balanced |
| Peer: | BA LV |
| Net Assets ($mil): | 600.95 |
| Inception: | 08/12/1994 |
BUFBX : Description
The fund was incepted in August 1994 and is managed by Kornitzer Capital Management, Inc. The fund's goal is to seek long-term growth of capital. The secondary goal is to produce high current income. The fund invests in a combination of common stocks, convertible securities, corporate bonds, and other debt securities. The advisor invests at least 25% of the fund's assets in equity securities and at least 25% in fixed income securities. The fund pays distributions from net investment income quarterly. Distributions from net capital gains are declared annually.
BUFBX : Composition - 05/13
| Stocks | 51.10% |
| Foreign Stocks | 5.88% |
| Cash | 22.82% |
| Bonds | 21.76% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 3.70% |
| Other | 0.63% |
| Foreign Hedged | 0.00% |
BUFBX : Style Analysis - 05/13
| Large Growth | 19.10% |
| Large Value | 68.90% |
| Small Growth | 0.00% |
| Small Value | 0.00% |
| Foreign Stock | 19.10% |
| Emerging Market | 0.00% |
| Precious Metals | 2.16% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
BUFBX : Risk Analysis
| Beta v. S&P 500 | 0.52 |
| Beta v. EAFE | 0.03 |
| Beta v. Barclays Agg Bond | 0.21 |
| Alpha 3 Yr | 4.62 |
| Alpha 5 Yr | 2.78 |
| R-Sq 3 Yr | 0.95 |
| R-Sq 5 Yr | 0.87 |
| Std Dev 3 Yr | 8.31 |
| Std Dev 5 Yr | 13.30 |
| Sharpe 3 Yr | 1.47 |
| Sharpe 5 Yr | 0.55 |
BUFBX : Fees
| Expense Ratio | 1.01 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 2.00 |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 1.00 |
BUFBX : Purchase Choices:
| Min Initial Investment | 2500 |
| Min Subsequent Investment | 100 |
BUFBX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 9.10 | 10.06 | 10.31 | 11.76 | 12.03 | 8.14 | 10.28 | 11.14 | 11.83 | 12.67 | 13.94 |
| Total Return (%) | 25.82 | 14.11 | 5.41 | 16.76 | 9.67 | -29.47 | 31.06 | 11.68 | 9.62 | 10.30 | 9.02 |
| Annual Dividend Yield (%) | 3.27 | 2.89 | 2.66 | 2.05 | 3.48 | 4.58 | 3.33 | 2.76 | 2.94 | 2.75 | 2.86 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | -28.68 | 32.44 | 5.20 | 9.64 | 41.84 | 75.35 | 46.46 | -33.80 | 75.26 | -56.86 | -37.15 |
| Rel Performance-Obj.Ret.(%) | 70.37 | 53.85 | 7.73 | 61.26 | 39.83 | -26.99 | 70.33 | 0.72 | 97.54 | -11.49 | 18.29 |
| Ret.Quintile vs Obj(1 is best) | 1 | 1 | 2 | 1 | 1 | 4 | 1 | 3 | 1 | 4 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 64 | 138 | 138 | 164 | 195 | 167 | 142 | 152 | 188 | 601 | 601 |
| Annual Turnover (%) | 32.00 | 18.00 | 18.00 | 28.00 | 17.00 | 14.00 | 12.00 | 26.00 | 19.00 | 0.00 | |
| Annual Dividend Paid ($) | 0.31 | 0.30 | 0.29 | 0.25 | 0.45 | 0.39 | 0.36 | 0.32 | 0.36 | 0.36 | 0.10 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
BUFBX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 1.24% | 4.98% | 9.43% | 9.02% | 14.15% | 11.97% | 6.63% | 9.78% | 5.45% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 72 | 18 | 44 | 11 | 12 | 1 | 6 | 1 | 30 | NA |
BUFBX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 23.05 |
| Average Price/Book | 4.88 |
| Average EPS Growth | 7.79 |
| Average Market Value | 93,245.00 |
BUFBX : Stock Sector Breakout - 05/13
BUFBX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| GENERAL ELECTRIC CO | 2.22 | 700,000 |
| NEWMONT MINING CORP | 1.87 | 267,000 |
| INTEL CORP | 1.87 | 600,000 |
| MICROSOFT CORP | 1.61 | 400,000 |
| MCDONALD S CORP | 1.40 | 105,000 |
| ROYAL DUTCH SHELL PLC ADR | 1.56 | 150,000 |
| INTL BUSINESS MACHINES CORP | 1.44 | 50,000 |
| BOEING CO/THE | 1.42 | 125,000 |
| JOHNSON + JOHNSON | 1.59 | 150,000 |