Dividend Focus Fund

Overall Morningstar™ rating out of 1,253 
Large blend funds as of 11-30-2016 (derived from a weighted average of the fund's three-, five-, and ten-year risk adjusted return measure, if applicable).


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





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



For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ (based on a Morningstar Risk Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Buffalo Dividend Focus Fund received 5 stars among 1,253 for the three-year period ending 11/30/2016.

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