BUFHX Fees and Costs — Buffalo High Yield Fund, Investor Class
Data updated: 2026-08-21
The net expense ratio is 1.02%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 39%.
BUFHX Fees and Expenses
Annual operating expenses and sales charges of BUFHX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
BUFHX Costs Over Time
On $10,000 invested in BUFHX, assuming 5% a year before costs, total costs come to $639 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $639 |
| Value after costs | $10,393 | $11,225 | $12,124 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
BUFHX 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): 0.0013%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $362.7M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
BUFHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $9K | 100.00% |
BUFHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $47.3M | 16.47% |
| Goldman Sachs & Co. LLC | $41.2M | 14.34% |
| Jefferies LLC | $39.1M | 13.60% |
| BofA Securities, Inc. | $38.6M | 13.45% |
| Morgan Stanley & Co. LLC | $35.2M | 12.27% |
| Barclays Capital, Inc. | $22.9M | 7.96% |
| Citigroup Global Markets, Inc. | $18.7M | 6.49% |
| Wells Fargo Securities, LLC | $16.0M | 5.57% |
| Robert W. Baird & Co., Inc. | $14.2M | 4.94% |
| BTIG, LLC | $14.1M | 4.90% |
Buffalo High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BUIHX | Institutional Class | 0.87% | — |
| BUFHX | Investor Class | 1.02% | — |
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.