Overall Morningstar™ rating out of 1,482
Large Growth funds as of 3-31-2013 (derived from a weighted average of the fund's three-, five-, and ten-year risk adjusted return measure, if applicable).
- Market capitalization greater than $5 billion or median market cap of Russell 1000 Growth Index
- Focus on U.S. based firms that we believe are benefiting from secular trends and international expansion/diversification
- Long-term, disciplined approach to growth stock selection
- Not benchmark-driven
The Fund's investment strategy is based on the identification of a broad range of companies in a diversified group of industries that may benefit from long-term secular growth trends, as well as incremental growth and/or diversification from international expansion. The management team selects stocks based on fundamental analysis of industries and the economic cycle, company-specific analysis such as product cycles and the quality of management, rigorous valuation analysis, and a long-term perspective.
Clay Brethour, CFA
Dave Carlsen, CFA
Kent Gasaway, CFA
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 Growth Fund received 3 stars among 1,482 for the three-year, 4 stars among 1,278 for the five-year, and 4 stars among 856 Large Growth funds for the ten-year period ending 3/31/2013.
© 2013 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.
Diversification does not assure a profit or protect against loss in a declining market.