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BREFX Baron Real Estate Retail

  • Fund
  • BREFX
  • Price as of: Oct 19, 2017
  • $29.07
  • + $0.06
  • + 0.21%
  • Category
  • Real Estate

BREFX - Profile

Vitals

  • YTD Return 22.8%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 12.1%
  • Net Assets $1.01 B
  • Holdings in Top 10 42.0%

52 WEEK LOW AND HIGH

$29.07
$22.24
$29.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.33%

SALES FEES

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

BROKERAGE FEES

  • Turnover 55.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 22.8%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 12.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Baron Real Estate Fund
  • Fund Family Name Baron Capital Group
  • Inception Date Dec 31, 2009
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey A. Kolitch

Fund Description

The fund normally invests 80% of its net assets for the long term in equity securities in the form of common stock of U.S. and non-U.S. real estate and real estate-related companies of any size, and in companies which, in the opinion of the Adviser, own significant real estate assets at the time of investment ("real estate companies"). It will invest more than 25% of its net assets in the real estate industry.

BREFX - Performance

Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.8% -15.4% 23.1% 0.81% 1
1 Yr 19.6% -40.6% 34.3% 2.41% 1
3 Yr 6.9% * -8.0% 14.3% 86.70% 5
5 Yr 12.1% * 4.5% 12.4% 2.40% 1
10 Yr N/A * 1.9% 8.9% N/A N/A

* Annualized


Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.4% -23.9% 8.6% 43.70% 3
2015 -6.5% -21.2% 21.0% 61.70% 4
2014 16.5% -7.8% 31.5% 74.44% 4
2013 27.0% -23.2% 27.2% 0.99% 1
2012 40.0% 0.0% 40.4% 1.04% 1

Total Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.8% -7.5% 23.1% 0.83% 1
1 Yr 19.6% -19.9% 90.7% 2.81% 1
3 Yr 6.9% * 1.2% 14.3% 73.39% 4
5 Yr 12.1% * 4.5% 12.4% 2.40% 1
10 Yr N/A * 1.9% 8.9% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.0% -16.3% 9.4% 61.54% 4
2015 -4.7% -13.5% 40.1% 91.77% 5
2014 17.1% -1.7% 82.5% 91.78% 5
2013 28.1% -28.3% 28.4% 1.01% 1
2012 45.8% 0.0% 117.5% 4.76% 1

NAV & Total Return History

BREFX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

BREFX Category Low Category High BREFX % Rank Quintile
Net Assets 1.01 B 3.39 M 63.7 B 12.25% 2
Number of Holdings 51 5 569 12.25% 2
Net Assets in Top 10 425 M 711 K 24.8 B 13.44% 2
Weighting of Top 10 42.0% 3.7% 151.2% 21.34% 3

Top 10 Holdings

  1. Equinix Inc 4.74%
  2. MGM Resorts International 2.90%
  3. Mohawk Industries Inc 5.85%
  4. InterXion Holding NV 6.16%
  5. American Tower Corp 6.15%
  6. Hilton Worldwide Holdings Inc 2.74%
  7. The Home Depot Inc 4.50%
  8. Vulcan Materials Co 3.53%
  9. Wyndham Worldwide Corp 2.77%
  10. Sherwin-Williams Co 2.70%

Asset Allocation

Weighting Category Low Category High BREFX % Rank Quintile
Stocks
96.34% 1.09% 101.63% 24.11% 4
Cash
3.65% -109.96% 74.22% 4.74% 1
Preferred Stocks
0.00% 0.00% 43.10% 5.14% 5
Other
0.00% -1.10% 108.20% 11.07% 5
Convertible Bonds
0.00% 0.00% 5.50% 1.98% 5
Bonds
0.00% 0.00% 100.66% 4.35% 5

Stock Sector Breakdown

Weighting Category Low Category High BREFX % Rank Quintile
Consumer Cyclical
32.68% 0.00% 42.68% 0.79% 1
Real Estate
27.60% 0.00% 100.00% 32.41% 5
Basic Materials
16.08% 0.00% 20.64% 0.79% 1
Communication Services
8.77% 0.00% 12.96% 1.98% 1
Technology
7.70% 0.00% 7.70% 0.40% 1
Industrials
3.52% 0.00% 11.94% 1.19% 1
Utilities
0.00% 0.00% 16.80% 1.58% 5
Healthcare
0.00% 0.00% 4.58% 4.74% 5
Financial Services
0.00% 0.00% 21.08% 4.35% 5
Energy
0.00% 0.00% 38.67% 1.98% 5
Consumer Defense
0.00% 0.00% 0.89% 1.58% 5

Stock Geographic Breakdown

Weighting Category Low Category High BREFX % Rank Quintile
US
85.90% 1.00% 101.63% 25.30% 5
Non US
10.44% 0.00% 46.48% 3.16% 1

BREFX - Expenses

Operational Fees

BREFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.33% 0.07% 11.43% 35.97% 3
Management Fee 1.00% 0.00% 1.20% 1.98% 5
12b-1 Fee 0.25% 0.00% 1.00% 5.23% 3
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

BREFX Fees (% of AUM) Category Low Category High BREFX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

BREFX Fees (% of AUM) Category Low Category High BREFX Rank Quintile
Max Redemption Fee N/A 0.75% 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.

BREFX Fees (% of AUM) Category Low Category High BREFX Rank Quintile
Turnover 55.50% 3.00% 1060.00% 15.02% 3

BREFX - Distributions

Dividend Yield Analysis

BREFX Category Low Category High BREFX % Rank Quintile
Dividend Yield N/A 0.00% 3.78% N/A N/A

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BREFX Category Low Category High BREFX % Rank Quintile
Net Income Ratio -0.07% -0.81% 5.13% 64.43% 5

Capital Gain Distribution Analysis

BREFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

BREFX - Managers

Jeffrey A. Kolitch

Manager

Start Date

Dec 31, 2009

Tenure

7.75

Tenure Rank

12.1%

Jeffrey A. Kolitch joined BAMCO in 2005 to develop a real estate growth strategy. From 1995 until 2005, Mr. Kolitch worked at Goldman Sachs & Co., starting as an associate in the Equities Division where he became a Vice President in 1999. In 2000, he was selected to join the Equity Capital Markets Group as a Vice President in New York, and in 2002, Mr. Kolitch was named a Managing Director in Hong Kong. From 2004 until 2005, he served as a Managing Director in Goldman Sachs’ Equity Capital Markets Group in New York. Mr. Kolitch graduated from the Wharton School, University of Pennsylvania with a B.S. in Economics in 1990, and from the Kellogg Graduate School of Management, Northwestern University with a Masters of Management in 1995.


Tenure Analysis

Category Low

0.2

Category High

23.8

Category Average

7.6

Category Mode

2.8