![]() There can be no guarantee that any strategy will be successful. It is not possible to invest directly in an index. The S&P 500 Index is a capitalization weighted index of 500 large capitalization stocks which is designed to measure broad domestic securities markets. The true measure of the value of a firm’s equity is considered to be the present value of all free cash flows. Free cash flow is a measure of the cash produced by the firm in a given period on behalf of equity holders. Non-GAAP (Generally Accepted Accounting Principles) earnings are an alternative accounting method used to measure the earnings of a company. Price/Earning Ratio or P/E Ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings. Standardized performance can be obtained here. Fund performance current to the most recent month-end can be obtained here. ![]() Current performance may be lower or higher than the performance quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data quoted represents past performance and does not guarantee future results. References to other mutual funds should not to be considered an offer to buy or sell these securities. Kornitzer Capital Management is the advisor to the Buffalo Funds, which are distributed by Quasar Distributors, LLC. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Buffalo Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. The Buffalo Funds are offered only to United States residents, and information on this site is intended only for such persons. ![]() Investors should be aware of risks involved with investing REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. The Flexible Income Fund may invest in MLPs which are subject to certain risks inherent in the structure of MLPs, including complex tax structure risks, limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates. This risk is usually greater for longer-term debt securities. Investments in debt securities typically decrease in value when interest rates rise. ![]() The Flexible Income and High Yield Funds may invest in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The International Fund may invest in emerging markets, which are generally more volatile and can have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries and securities markets that are substantially smaller, less liquid, more volatile and may have a lower level of government oversight than securities markets in more developed countries. The Dividend Focus, High Yield, Early Stage Growth, Small Cap, Mid Cap, Discovery, Growth, Large Cap and International Fund may invest in foreign securities which will involve political, economic and currency risks, greater volatility and differences in accounting methods. The Buffalo Dividend Focus, Flexible Income, Early Stage Growth, Small Cap, Mid Cap, Discovery, Growth, and International Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. Mutual fund investing involves risk Principal loss is possible. The prospectus should be read carefully before you invest or send money. ![]() You may also obtain a hard copy of the prospectus by calling (800) 49-BUFFALO. All rights reserved.īefore you invest in the Buffalo Funds, please refer to the summary or statutory prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. ![]()
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