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BDFFX Baron Discovery Retail

  • Fund
  • BDFFX
  • Price as of: Apr 22, 2019
  • $20.32
  • + $0.16
  • + 0.79%
  • Category
  • Small Cap Growth Equities

BDFFX - Profile

Vitals

  • YTD Return 20.3%
  • 3 Yr Annualized Return 27.3%
  • 5 Yr Annualized Return 11.9%
  • Net Assets $514 M
  • Holdings in Top 10 26.7%

52 WEEK LOW AND HIGH

$20.32
$15.68
$24.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 72.25%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Small Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 20.3%
  • 3 Yr Annualized Total Return 27.3%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Baron Discovery Fund
  • Fund Family Name Baron Capital Group
  • Inception Date Sep 30, 2013
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Laird Bieger

Fund Description

The fund invests primarily in equity securities in the form of common stock of U.S. small-sized growth companies. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.

BDFFX - Performance

Return Ranking - Trailing

Period BDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.3% -96.9% 28.5% 30.95% 2
1 Yr 21.7% -22.5% 49.1% 11.06% 1
3 Yr 27.3% * -11.1% 29.2% 1.88% 1
5 Yr 11.9% * -4.0% 20.5% 10.65% 1
10 Yr N/A * -2.9% 22.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period BDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -6.9% -71.6% 28.9% 20.16% 2
2017 35.5% -73.6% 37.0% 1.18% 1
2016 18.6% -57.2% 35.1% 7.82% 1
2015 -14.7% -70.7% 46.6% 71.08% 4
2014 13.5% -41.2% 42.1% 6.09% 1

Total Return Ranking - Trailing

Period BDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.3% -100.0% 28.5% 31.05% 2
1 Yr 21.7% -31.1% 291.3% 7.78% 1
3 Yr 27.3% * -43.2% 166.8% 1.71% 1
5 Yr 11.9% * -5.1% 20.5% 10.12% 1
10 Yr N/A * 0.1% 22.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -6.9% -71.6% 28.9% 20.59% 2
2017 35.5% -73.6% 37.0% 1.19% 1
2016 21.5% -49.0% 66.8% 6.30% 1
2015 -15.0% -37.2% 6103.1% 94.05% 5
2014 13.8% -23.4% 169.2% 11.37% 1

NAV & Total Return History

BDFFX - Holdings

Filings data as of: Mar 31, 2019

Concentration Analysis

BDFFX Category Low Category High BDFFX % Rank Quintile
Net Assets 514 M 412 K 26.1 B 14.33% 3
Number of Holdings 68 1 2530 17.64% 5
Net Assets in Top 10 138 M -2.31 M 4.36 B 10.87% 2
Weighting of Top 10 26.7% 0.0% 100.1% 9.92% 2

Top 10 Holdings

  1. Mercury Systems Inc 3.42%
  2. Myriad Genetics Inc 3.28%
  3. The Trade Desk Inc A 2.49%
  4. Americold Realty Trust 2.66%
  5. Intersect ENT Inc 2.43%
  6. Yext Inc 2.54%
  7. SiteOne Landscape Supply Inc 2.66%
  8. RIB Software SE 2.52%
  9. Sientra Inc 2.35%
  10. 2U Inc 2.33%

Asset Allocation

Weighting Category Low Category High BDFFX % Rank Quintile
Stocks
93.08% 0.00% 113.20% 29.13% 5
Cash
6.93% -2.50% 100.00% 3.94% 1
Preferred Stocks
0.00% 0.00% 10.15% 2.99% 5
Other
0.00% -12.59% 7.69% 8.03% 5
Convertible Bonds
0.00% 0.00% 28.89% 1.26% 5
Bonds
0.00% -28.06% 83.15% 2.05% 5

Stock Sector Breakdown

Weighting Category Low Category High BDFFX % Rank Quintile
Technology
33.01% 0.99% 80.95% 5.20% 1
Healthcare
27.38% 1.15% 62.91% 2.52% 1
Industrials
10.59% 1.05% 29.02% 33.54% 5
Consumer Cyclical
9.69% 0.00% 35.58% 30.55% 5
Real Estate
6.14% -0.36% 13.63% 4.72% 1
Financial Services
2.33% -2.38% 29.04% 34.65% 5
Consumer Defense
1.62% -1.21% 11.55% 28.35% 5
Utilities
1.30% -0.44% 5.44% 6.93% 1
Communication Services
1.02% -0.97% 8.20% 11.18% 2
Energy
0.00% 0.00% 11.50% 28.03% 5
Basic Materials
0.00% 0.00% 18.58% 33.07% 5

Stock Geographic Breakdown

Weighting Category Low Category High BDFFX % Rank Quintile
US
84.84% 0.00% 100.00% 33.07% 5
Non US
8.24% 0.00% 96.31% 5.35% 1

BDFFX - Expenses

Operational Fees

BDFFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.40% 0.06% 27.39% 20.47% 3
Management Fee 1.00% 0.05% 1.59% 2.36% 5
12b-1 Fee 0.25% 0.00% 1.00% 2.39% 3
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

BDFFX Fees (% of AUM) Category Low Category High BDFFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

BDFFX Fees (% of AUM) Category Low Category High BDFFX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BDFFX Fees (% of AUM) Category Low Category High BDFFX Rank Quintile
Turnover 72.25% 3.00% 818.00% 12.91% 3

BDFFX - Distributions

Dividend Yield Analysis

BDFFX Category Low Category High BDFFX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.20% 35.21% 2

Dividend Distribution Analysis

BDFFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BDFFX Category Low Category High BDFFX % Rank Quintile
Net Income Ratio 0.45% -3.91% 1.79% 3.31% 1

Capital Gain Distribution Analysis

BDFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

BDFFX - Managers

Laird Bieger

Manager

Start Date

Sep 30, 2013

Tenure

5.5

Tenure Rank

12.1%

Vice President, Portfolio Manager Laird joined Baron in 2000 as a research analyst and was named portfolio manager in 2013. He has 19 years of research experience. From 1999 to 2000, Laird worked at Water Street Capital as a research analyst. From 1992 to 1997, Laird worked at Ford Motor Company in various roles. Laird graduated from Vanderbilt University with a B.A. in Economics in 1992 and from Columbia Business School with an M.B.A. in 1999.


Randolph Gwirtzman

Manager

Start Date

Sep 30, 2013

Tenure

5.5

Tenure Rank

12.1%

Vice President, Portfolio Manager Randy joined Baron in 2002 as a research analyst and was named portfolio manager in 2013. He has 19 years of research experience. From 1997 to 2002, Randy was a research analyst at three firms; first at Tyndall Partners, then Goldman Sachs Asset Management and finally at ING Furman Selz.From 1992 to 1997, Randy worked at Salomon Green & Ostrow as a bankruptcy litigation attorney. Randy graduated from the University of Pennsylvania with a B.A. in Economics in 1989, cum laude from the Benjamin N. Cardozo School of Law with a J.D. in 1992 and from Columbia Business School with an M.B.A. in 1999.


Tenure Analysis

Category Low

0.0

Category High

46.4

Category Average

7.41

Category Mode

4.3