BDFFX: Baron Discovery Retail

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BDFFX Baron Discovery Retail


Profile

BDFFX - Profile

Vitals

  • YTD Return 25.2%
  • 3 Yr Annualized Return 17.7%
  • 5 Yr Annualized Return 14.9%
  • Net Assets $724 M
  • Holdings in Top 10 27.7%

52 WEEK LOW AND HIGH

$26.70
$14.45
$26.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.36%

SALES FEES

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

BROKERAGE FEES

  • Turnover 55.94%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 25.2%
  • 3 Yr Annualized Total Return 17.7%
  • 5 Yr Annualized Total Return 15.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -1.10%
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.


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Categories

Performance

BDFFX - Performance

Return Ranking - Trailing

Period BDFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -36.4% 59.2% 10.06%
1 Yr 30.7% -44.5% 46.3% 2.78%
3 Yr 17.7%* -53.0% 26.6% 3.91%
5 Yr 14.9%* -39.1% 18.1% 1.44%
10 Yr N/A* -17.7% 14.7% N/A

* Annualized

Return Ranking - Calendar

Period BDFFX Return Category Return Low Category Return High Rank in Category (%)
2019 26.3% -49.8% 42.9% 24.50%
2018 -6.9% -54.2% 13.6% 8.56%
2017 35.5% -73.6% 36.1% 1.32%
2016 18.6% -49.0% 133.1% 8.67%
2015 -14.7% -70.7% 8.6% 72.47%

Total Return Ranking - Trailing

Period BDFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -36.4% 59.2% 10.06%
1 Yr 30.7% -44.5% 46.3% 2.78%
3 Yr 17.7%* -23.0% 33.0% 10.30%
5 Yr 15.4%* -18.0% 21.7% 2.68%
10 Yr N/A* -8.2% 24.9% N/A

* Annualized

Total Return Ranking - Calendar

Period BDFFX Return Category Return Low Category Return High Rank in Category (%)
2019 26.3% -49.8% 42.9% 24.50%
2018 -6.9% -54.2% 14.5% 27.23%
2017 35.5% -8.4% 42.0% 3.02%
2016 21.5% -16.4% 133.1% 4.44%
2015 -14.7% -59.6% 19.3% 88.39%

NAV & Total Return History


Holdings

BDFFX - Holdings

Concentration Analysis

BDFFX Category Low Category High BDFFX % Rank
Net Assets 724 M 5.02 M 25.8 B 39.75%
Number of Holdings 65 1 1993 82.03%
Net Assets in Top 10 201 M 753 K 2.93 B 32.75%
Weighting of Top 10 27.74% 5.1% 100.0% 21.30%

Top 10 Holdings

  1. Kinsale Capital Group Inc 3.97%
  2. Floor & Decor Holdings Inc 2.99%
  3. SiteOne Landscape Supply Inc 2.94%
  4. Endava PLC ADR 2.90%
  5. CareDx Inc 2.71%
  6. Emergent BioSolutions Inc 2.57%
  7. Qualys Inc 2.52%
  8. Mercury Systems Inc 2.51%
  9. Americold Realty Trust 2.36%
  10. TPI Composites Inc 2.28%

Asset Allocation

Weighting Return Low Return High BDFFX % Rank
Stocks
93.96% 84.72% 100.95% 90.46%
Cash
6.05% -4.85% 16.82% 7.95%
Preferred Stocks
0.00% 0.00% 3.86% 79.65%
Other
0.00% -14.02% 11.74% 79.49%
Convertible Bonds
0.00% 0.00% 0.16% 76.15%
Bonds
0.00% 0.00% 3.66% 76.47%

Stock Sector Breakdown

Weighting Return Low Return High BDFFX % Rank
Healthcare
29.56% 0.08% 54.38% 46.26%
Technology
25.42% 2.71% 81.98% 47.69%
Industrials
18.87% 1.13% 32.81% 21.78%
Financial Services
7.81% 0.00% 22.83% 33.70%
Consumer Cyclical
7.35% 0.00% 32.16% 79.49%
Real Estate
5.57% 0.00% 10.46% 13.51%
Communication Services
3.43% 0.00% 12.66% 18.60%
Consumer Defense
1.99% 0.00% 18.15% 87.28%
Utilities
0.00% 0.00% 6.57% 82.51%
Energy
0.00% 0.00% 5.19% 88.55%
Basic Materials
0.00% 0.00% 12.65% 95.23%

Stock Geographic Breakdown

Weighting Return Low Return High BDFFX % Rank
US
87.11% 80.10% 100.58% 90.14%
Non US
6.85% 0.00% 12.07% 14.47%

Expenses

BDFFX - Expenses

Operational Fees

BDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.06% 36.03% 40.13%
Management Fee 1.00% 0.05% 1.50% 90.13%
12b-1 Fee 0.25% 0.00% 1.00% 56.74%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

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

Trading Fees

BDFFX 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.

BDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.94% 9.00% 474.00% 47.25%

Distributions

BDFFX - Distributions

Dividend Yield Analysis

BDFFX Category Low Category High BDFFX % Rank
Dividend Yield 0.00% 0.00% 27.55% 77.11%

Dividend Distribution Analysis

BDFFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

BDFFX Category Low Category High BDFFX % Rank
Net Income Ratio -1.10% -2.35% 1.11% 84.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BDFFX - Fund Manager Analysis

Managers

Laird Bieger


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.75

6.8%

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


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.75

6.8%

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 Category High Category Average Category Mode
0.17 28.92 8.25 3.33