Buffalo Early Stage Growth Fund Institutional Class (BUIOX)

Fund Assets	75.88M
Expense Ratio	1.35%
Min. Investment	$250,000
Turnover	20.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	16.56
YTD Return	6.56%
1-Year Return	10.55%
5-Year Return	30.65%
52-Week Low	14.78
52-Week High	17.90
Beta (5Y)	n/a
Holdings	58
Inception Date	Jul 1, 2019

About BUIOX

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, consisting of common stocks, preferred stocks, convertible securities, warrants and rights of “early stage growth companies". In addition to the fund's investments in domestic securities, it may also invest up to 20% of its net assets in sponsored or unsponsored ADRs and equity securities of foreign companies that are traded on U.S. stock exchanges.

• Fund Family: Buffalo
• Category: Small Growth
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: BUIOX
• Index: Russell 2000 Growth TR

Performance

BUIOX had a total return of 10.55% in the past year. Since the fund's inception, the average annual return has been 7.16%, including dividends.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
BUFOX	Investor Class	1.45%

Top 10 Holdings

28.96% of assets

Name	Symbol	Weight
Willdan Group, Inc.	WLDN	3.57%
Hamilton Lane Incorporated	HLNE	3.53%
Shift4 Payments, Inc.	FOUR	3.07%
Compass Diversified	CODI	2.88%
ICF International, Inc.	ICFI	2.73%
Transcat, Inc.	TRNS	2.73%
Federal Signal Corporation	FSS	2.66%
HealthStream, Inc.	HSTM	2.62%
Halozyme Therapeutics, Inc.	HALO	2.61%
Fidelity Investments Money Market Funds Government Portfolio	FIGXX	2.58%