The Growth of $10,000 Chart illustrates the performance of a hypothetical $10,000 investment made in the securities listed for the 5 year period 12/9/11-12/9/15, it assumes reinvestment of dividends and capital gains. The peer group used for the chart comparison is Morningstar Large Growth Category This chart does not imply any future performance. Morningstar Large Growth Category Average represents an average of all of the funds in the Morningstar Large Growth Category.

Earnings growth is not representative of the fund’s future performance.

Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than their original value. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by clicking here. Performance data current to the most recent quarter end may be obtained by clicking here. Fee: 2% on shares held for less than 60 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security. Click here for a listing of the Fund’s ten largest holdings as of 9/30/15.

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Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is one and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. Morningstar ranked the BUFEX in the top 23%, 43% and 32% out of 1,542, 1,326 and 933 Large Growth category funds for the one-, five-, and ten-year periods ending 12/31/15, respectively. Past performance does not guarantee future results.

Mutual Fund investing involves risk. Principal loss is possible. The Funds may invest in foreign securities, which involve political, economic and currency risks, greater volatility and differences in accountings methods.

Sales are the revenue from the sale of goods and services. Earnings are a company’s profits after expenses have been paid. Book value is the value at which an asset is carried on a balance sheet. The Price to Earnings (P/E) Ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings.