Flexible Income Fund
Overall Morningstar™ rating out of 856 Moderate Allocation funds as of 3-31-2016 (derived from a weighted average of the fund's three-, five-, and ten-year risk adjusted return measure, if applicable).
- Income and growth strategy
- Seeking primarily income oriented equities
- Bonds are primarily high yield corporates and convertibles
This Fund invests primarily for income, but it also maintains a growth component in an attempt to offset inflation. Managers seek growth by investing in high-yield corporate bonds, dividend-paying stocks, and other investment asset classes. To reinforce the income objective, the Fund makes distributions on a monthly basis.
Paul Dlugosch, CFA
President, KCM and Portfolio Manager
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 Flexible Income Fund received 2 stars among 856 for the three-year, 4 stars among 744 for the five-year, and 4 stars among 504 Moderate Allocation funds for the ten-year period ending 3/31/2016.
© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.