Buffalo Discovery (BUFTX - Free Report) a Zacks Ranked #2 (Buy) seeks long-term capital appreciation. BUFTX generally invests in equity securities that include domestic common stock, preferred stock, convertible securities, warrants and rights of companies whose securities may increase in value due to the development, advancement or commercial application of innovative strategies. BUFTX’s investments in equity securities consists mostly of domestic securities, it may invest a maximum of 20% of its net assets in sponsored or unsponsored ADRs and securities of foreign companies that are traded on U.S. stock exchanges.
This Sector - Tech fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth, Small Growth. Further, as of the last filing, APPLE INC, CVS CAREMARK CORP and MEDICINES CO were the top holdings for BUFTX.
The Buffalo Discovery fund, managed by Buffalo Fds, carries an expense ratio of 1.01. Moreover, BUFTX requires a minimal initial investment of $2,500.
BUFTX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 7.61%, 3 year 17.20%, and 5 year 18.50%. To see how this fund performed compared in its category, please click here.
BUFTX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 14% over the past 3 years, and in the 7% over the past 5 years.
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