Buffalo Science & Technology Fund Celebrates 10 Years of Service

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A decade of data is now available for investor review

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“Rather than chasing the technology of the day, we select companies we believe have the potential to be sound, long-term performers,” said Elizabeth Jones, MD, CFA, Science & Technology Co-Portfolio Manager.

The Buffalo Funds Science and Technology Fund (BUFTX) celebrates its 10-year anniversary in April. The accumulation of ten years of historical data is a major milestone in the lifespan of a mutual fund.

“Many investors want to look at fund performance over a long period of time, and for many, once a fund hits 10 years, it becomes an active target,” said Clay Brethour, CFA, Science & Technology Co-Portfolio Manager. “Our investors take advantage of the fact that our fund extends beyond traditional technology fund boundaries.”

Many fund managers have a narrow view of "technology" in terms of their stock selection. Buffalo Funds managers use a broader definition, allowing them to select companies that create or support innovation that makes life easier and/or better. That opens the fund up for investment in health care, industrials, energy, and even consumer sectors.

Buffalo Fund managers follow a bottom-up investment approach, geared toward identifying sustainable growth trends that deliver better and more cost effective outcomes or involve new technologies that drive productivity and efficiency. The portfolio managers seek out well-managed and well-capitalized companies that are positioned to benefit from these common sense growth trends that are independent of broad economic recovery. This fundamental analysis emphasizes large market opportunities, sustainable competitive advantage and profitable growth.

“Rather than chasing the technology of the day, we select companies we believe have the potential to be sound, long-term performers,” said Elizabeth Jones, MD, CFA, Science & Technology Co-Portfolio Manager. “We follow a patient, research-based investment philosophy that seeks long-term growth and attractive valuation.”

The chart attached shows a hypothetical investment of $10,000 in the Buffalo Funds Science & Technology Fund from April 30, 2001 (shortly after its inception date of April 16, 2001) through April 30, 2011, would be worth $22,191.72, versus $19,756.67 in the NYSE Arch Tech 100 Index.

About The Buffalo Funds
For more information on Buffalo Funds, investors can call 1-800-49-BUFFALO.

Financial advisors can visit the advisor-only website at
http://www.buffalofunds.com/financialadvisors. Individual investors can visit
http://www.buffalofunds.com.

The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 1-800- 49-BUFFALO or visiting http://www.buffalofunds.com. Read carefully before investing.

Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it concentrates its investments in businesses of science and technology related industries which can cause the Fund to experience significant volatility.

The NYSE ARCA Tech 100 Index is a price-weighted index comprised of stocks and ADRs of technology-related companies listed on U.S. stock exchanges that produce or deploy innovative technologies in the conduct of their businesses. You cannot invest directly in an index.
The Buffalo Funds are distributed by Quasar Distributors, LLC.

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Laura Gibson
Kornitzer Capital Management, Inc.
(816) 842-8111 913-647-2309
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