BUFDX Fees and Costs — Buffalo Growth & Income Fund, Investor Class
Data updated: 2026-08-21
The net expense ratio is 0.92%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.0143% of average net assets, and portfolio turnover was 4%.
BUFDX Fees and Expenses
Annual operating expenses and sales charges of BUFDX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BUFDX Costs Over Time
On $10,000 invested in BUFDX, assuming 5% a year before costs, total costs come to $585 over 5 years, cutting the return by 0.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
BUFDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0143%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $3.0M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
BUFDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $9K | 36.05% |
| Stifel Nicolaus & Co., Inc. | $8K | 32.32% |
| J.P. Morgan Securities LLC | $8K | 31.63% |
BUFDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $1.4M | 45.37% |
| J.P. Morgan Securities LLC | $550K | 18.37% |
| Oppenheimer & Co., Inc. | $500K | 16.69% |
| Stifel Nicolaus & Co., Inc. | $304K | 10.14% |
| UBS Securities, LLC | $283K | 9.43% |
Buffalo Growth & Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BUIDX | Institutional Class | 0.78% | — |
| BUFDX | Investor Class | 0.92% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.