Buffalo Small Cap Fund Re-opens to Investors

According to Morningstar, Buffalo Small Cap Fund (BUFSX) will re-open to new investors for a short period of time. On Buffalo Funds website, there is some more information on

Effective June 28, 2007, the Buffalo Small Cap Fund will re-open to purchases made through broker-dealers. The Fund will remain open for such purchases until the earlier of July 31, 2007 or the date on which the Fund receives additional investments of $250,000,000.

So the fund could be closed again in less than 30 days, depending on investors response to the

I have been investing in BUFSX in 2002 and the fund really had some great time during the recession, returning an average of more than 23% annually from 2000 to 2004. The performance, however, has lagged in recent years, underperforming S&P 500 in both 2005 and 2006 by nearly 2%.

The fund has an expense ratio of 1.01%, not terribly high for a small-cap fund. To invest in this fund, you will need to make an initial investment of $2,500.

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