Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Baron Real Estate Fund

BREFX | Fund

$39.00

$2.15 B

0.01%

$0.00

1.31%

Vitals

YTD Return

12.5%

1 yr return

12.8%

3 Yr Avg Return

0.7%

5 Yr Avg Return

12.4%

Net Assets

$2.15 B

Holdings in Top 10

47.6%

52 WEEK LOW AND HIGH

$38.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.39%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Baron Real Estate Fund

BREFX | Fund

$39.00

$2.15 B

0.01%

$0.00

1.31%

BREFX - Profile

Distributions

  • YTD Total Return 12.5%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 12.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

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
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Kolitch

Fund Description

The Fund is a diversified fund that, under normal circumstances, invests at least 80% of its net assets in equity securities of U.S. and non‑U.S.
real estate and real estate-related companies of any market capitalization, and in companies which, in the opinion of BAMCO, Inc. (“BAMCO” or the “Adviser”), own significant real estate assets at the time of investment (“real estate companies”), however, investments in non‑U.S. securities are limited to 35% of the Fund’s total assets at the time of purchase. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
Real estate companies are companies that the Adviser determines are in the real estate industry based on their involvement in construction, ownership, management, operation, financing, refinancing, sales, leasing, development or rehabilitation of real estate or are in a real estate-related industry based on their provision of goods or services to the real estate industry.
A company is considered to own significant real estate assets if, in the opinion of the Adviser, the company has a substantial portion of its assets attributable to one or more of the following: (a) real estate owned or leased by the company as lessor or as lessee; or (b) the discounted value of the stream of fees or revenues derived from the management or operation of real estate.
Examples of companies that might qualify under one of these categories include:
•
Real estate operating companies;
•
Real estate investment trusts (“REITs”);
•
Homebuilders;
•
Hotel, hotel management companies and gaming companies;
•
Real estate brokerage/services companies and/or management companies;
•
Financial institutions that make or service mortgage loans;
•
Manufacturers or distributors of construction materials and/or building supplies/products;
•
Home furnishing and home improvement retail companies;
•
Companies with significant real estate holdings such as supermarkets, restaurant chains and retail chains;
•
Construction and engineering companies; and
•
Companies with infrastructure-related assets such as toll roads, bridges, tunnels, parking facilities, railroads, airports, broadcast and wireless towers, electric transmission and distribution lines, power generation facilities, hospitals and correctional facilities.
The Fund will invest more than 25% of its net assets in the real estate industry.
The investment policy of the Fund relating to the types of securities in which 80% of the Fund’s assets must be invested may be changed by the Fund’s Board of Trustees without shareholder approval upon at least 60 days’ notice.
Read More

BREFX - Performance

Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% -12.5% 16.2% 5.88%
1 Yr 12.8% -11.6% 16.8% 5.88%
3 Yr 0.7%* -13.7% 4.7% 5.93%
5 Yr 12.4%* -12.6% 12.6% 1.35%
10 Yr 9.4%* -2.5% 13.2% 3.75%

* Annualized

Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
2023 24.6% -16.2% 24.6% 0.42%
2022 -30.8% -51.3% 2.5% 50.42%
2021 14.3% -7.7% 52.3% 88.94%
2020 34.5% -42.2% 35.0% 1.35%
2019 26.0% 0.0% 43.1% 10.23%

Total Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% -12.5% 16.2% 5.88%
1 Yr 12.8% -11.6% 16.8% 5.88%
3 Yr 0.7%* -13.7% 4.7% 5.93%
5 Yr 12.4%* -12.6% 12.6% 1.35%
10 Yr 9.4%* -2.5% 13.2% 3.75%

* Annualized

Total Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
2023 24.7% -13.7% 25.0% 1.27%
2022 -28.6% -40.7% 7.8% 86.44%
2021 24.0% 7.8% 54.6% 83.40%
2020 43.9% -36.6% 44.3% 1.35%
2019 44.1% 4.1% 46.4% 2.33%

NAV & Total Return History

BREFX - Holdings

Concentration Analysis

BREFX Category Low Category High BREFX % Rank
Net Assets 2.15 B 2.26 M 70.8 B 21.65%
Number of Holdings 39 22 548 56.72%
Net Assets in Top 10 1.03 B 1.29 M 32.8 B 20.17%
Weighting of Top 10 47.58% 13.2% 82.2% 80.67%

Top 10 Holdings

  1. Equinix Inc 6.38%
  2. Toll Brothers Inc 6.12%
  3. Lennar Corp 5.87%
  4. DR Horton Inc 5.63%
  5. Blackstone Inc 4.39%
  6. CBRE Group Inc 4.14%
  7. Jones Lang LaSalle Inc 3.87%
  8. GDS Holdings Ltd 3.82%
  9. Welltower Inc 3.72%
  10. Brookfield Corp 3.65%

Asset Allocation

Weighting Return Low Return High BREFX % Rank
Stocks 		98.89% 0.00% 100.25% 50.00%
Other 		1.02% -82.45% 106.21% 13.45%
Cash 		0.09% -42.50% 24.34% 92.02%
Preferred Stocks 		0.00% 0.00% 31.13% 99.58%
Convertible Bonds 		0.00% 0.00% 10.95% 99.58%
Bonds 		0.00% 0.00% 149.68% 99.58%

Stock Sector Breakdown

Weighting Return Low Return High BREFX % Rank
Consumer Cyclical 		45.29% 0.00% 45.29% 1.33%
Real Estate 		34.46% 34.46% 100.00% 100.00%
Financial Services 		9.26% 0.00% 37.05% 4.87%
Industrials 		3.69% 0.00% 7.39% 4.42%
Basic Materials 		2.82% 0.00% 13.69% 1.77%
Technology 		2.81% 0.00% 12.02% 4.42%
Communication Services 		1.67% 0.00% 11.61% 4.87%
Utilities 		0.00% 0.00% 3.55% 99.56%
Healthcare 		0.00% 0.00% 0.53% 99.56%
Energy 		0.00% 0.00% 33.11% 99.56%
Consumer Defense 		0.00% 0.00% 0.93% 99.56%

Stock Geographic Breakdown

Weighting Return Low Return High BREFX % Rank
US 		98.89% 0.00% 100.25% 45.80%
Non US 		0.00% 0.00% 36.61% 100.00%

BREFX - Expenses

Operational Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.07% 8.91% 42.55%
Management Fee 1.00% 0.00% 1.50% 86.13%
12b-1 Fee 0.25% 0.00% 1.00% 62.93%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 64.39% 0.11% 380.00% 68.92%

BREFX - Distributions

Dividend Yield Analysis

BREFX Category Low Category High BREFX % Rank
Dividend Yield 0.01% 0.00% 13.03% 92.86%

Dividend Distribution Analysis

BREFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

BREFX Category Low Category High BREFX % Rank
Net Income Ratio -0.26% -1.14% 6.05% 95.74%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BREFX - Fund Manager Analysis

Managers

Jeffrey Kolitch

Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Jeffrey A. Kolitch has been the portfolio manager of Baron Real Estate Fund and Baron Real Estate Income Fund since their respective inceptions on December 31, 2009 and December 29, 2017. He joined the Adviser 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.32 16.42

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.