BUIMX Fees and Costs — Buffalo Mid Cap Growth Fund, Institutional Class
Data updated: 2026-08-21
The net expense ratio is 0.89%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $56K in broker commissions, 0.0423% of average net assets, and portfolio turnover was 39%.
BUIMX Fees and Expenses
Annual operating expenses and sales charges of BUIMX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
BUIMX Costs Over Time
On $10,000 invested in BUIMX, assuming 5% a year before costs, total costs come to $584 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,255 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
BUIMX 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): 0.0423%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
BUIMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $14K | 25.73% |
| J.P. Morgan Securities LLC | $12K | 22.79% |
| Cowen Execution Services LLC | $7K | 12.20% |
| Robert W. Baird & Co., Inc. | $6K | 10.27% |
| BofA Securities, Inc. | $4K | 6.99% |
| William Blair & Co. LLC | $4K | 6.62% |
| Stifel Nicolaus & Co., Inc. | $3K | 5.81% |
| Raymond James & Associates, Inc. | $3K | 4.91% |
| UBS Securities, LLC | $2K | 2.83% |
| Truist Securities, Inc. | $1K | 1.85% |
Buffalo Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BUIMX | Institutional Class | 0.89% | — |
| BUFMX | Investor Class | 1.03% | — |
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.