Buffalo Mid Cap Discovery Fund (BUFTX)

Overview

The fund is a dedicated investment entity that focuses primarily on equity securities of mid-cap discovery companies. It allocates at least 80% of its net assets, in addition to any borrowed funds for investment purposes, towards a diversified portfolio primarily consisting of common stocks, preferred stocks, convertible securities, warrants, and rights. These investments target mid-cap companies identified for their growth potential. The fund also allows for up to 20% of its net assets to be invested in both sponsored and unsponsored American Depositary Receipts (ADRs) and securities of foreign companies that are traded on U.S. stock exchanges, providing a degree of international exposure.

Products and Services

• Equity Securities of Mid-Cap Discovery Companies

  This product entails investing in a diversified portfolio of equity securities, focusing on mid-cap companies with the potential for high growth. The fund seeks to identify and invest in companies positioned for significant appreciation, which includes common stocks, preferred stocks, convertible securities, warrants, and rights.

• American Depositary Receipts (ADRs)

  Up to 20% of the fund's net assets may be allocated to ADRs. ADRs are a way for the fund to invest in foreign companies while trading in U.S. markets. This allows the fund to participate in the growth potential of companies outside of the U.S., providing a broader investment horizon and diversification benefits. The investment in ADRs can be either sponsored or unsponsored.

• Securities of Foreign Companies Traded on U.S. Stock Exchanges

  The fund may also invest directly in securities of foreign companies that are traded on U.S. stock exchanges. This strategy enables the fund to have direct exposure to foreign companies without the complexities of investing in foreign stock markets. Investing in these securities allows the fund to diversify its portfolio further and capitalize on the growth of companies globally.