Buffalo Growth Fund Institutional Class (BIIGX)

Overview

The fund is designed to invest primarily in equity securities, targeting a minimum of 80% of its net assets, along with any borrowings for investment purposes, in a variety of equity formats. These include common stocks, preferred stocks, convertible securities, warrants, and rights, all specifically focused on "growth companies". These are defined as firms that either currently are part of the Russell 3000® Growth Index or possess growth characteristics that align with those of companies within the Russell 3000® Growth Index. Operated by its investment adviser, who is responsible for determining these growth characteristics, the fund is non-diversified, meaning it may focus its investments more narrowly than diversified funds.

Products and Services

• Equity Securities Investment

The fund dedicates at least 80% of its net assets, in addition to any borrowed funds for investment purposes, to equity securities. This broad category encompasses a range of investment instruments such as common and preferred stocks, convertible securities, warrants, and rights, offering investors exposure to the equity markets with a focus on growth companies.

• Focus on Growth Companies

By targeting growth companies, the fund invests in firms that are either part of the Russell 3000® Growth Index or display similar growth characteristics. These are companies considered to have the potential for above-average growth, either through revenue or earnings, and are identified by the fund's investment adviser.

• Non-Diversified Fund Structure

Unlike diversified funds, this fund is non-diversified, allowing it to allocate a larger portion of its assets to a smaller number of investments. This strategy can lead to higher growth potential, albeit with possibly higher risk, as the fund's performance may be more closely tied to the success of fewer investments.