Dividend Focus Fund


Overall Morningstar™ rating out of 1,255 
Large blend funds as of 12-31-2016 (derived from a weighted average of the fund's three-, five-, and ten-year risk adjusted return measure, if applicable).

Characteristics

  • Focus on current income
  • Seeks primarily dividend-yielding equities

 

 

 

Strategy

This Fund seeks domestic equities with a history of growing dividend payments as a source of income for investors. Companies in the portfolio are screened using in-depth, in-house research to identify those which we feel are attractively valued and demonstrate strong business fundamentals. The Fund intends to make distributions to shareholders on a quarterly basis.

Investment Team

Paul Dlugosch  

Paul Dlugosch, CFA

Portfolio Manager


  • Investment professional since 1997
  • Joined KCM in 2002
  • Prior experience - Antares Capital Corporation and LaSalle National Bank
  • B.S. - University of Iowa
Scott Moore  

Scott Moore, CFA

Portfolio Manager


  • Investment professional since 1997
  • Joined KCM in 2005
  • Prior experience - Montana Board of Investments, Aquila, Waddell & Reed, American Century
  • B.S. - University of Missouri, Columbia
  • M.B.A. - University of Missouri, Kansas City

 

 

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar RatingTM for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar RatingTM metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Buffalo Dividend Focus Fund received 5 stars among 1,255 for the three-year period ending 12/31/2016.

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