Baron Real Estate Retail
- BREFX
- Price as of: Dec 01, 2020
-
$32.62
N/A N/A
- Primary Theme
- Real Estate Sector Equity
- Fund Company
- Baron Capital Group
- Share Class
BREFX - Snapshot
Vitals
- YTD Return 25.4%
- 3 Yr Annualized Return 12.0%
- 5 Yr Annualized Return 10.4%
- Net Assets $806 M
- Holdings in Top 10 40.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.33%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 53.44%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,000
- IRA N/A
Fund Classification
-
Primary Theme
Real Estate Sector Equity
- Fund Type Open End Mutual Fund
- Investment Style Real Estate
BREFX - Profile
Distributions
- YTD Total Return 25.4%
- 3 Yr Annualized Total Return 12.0%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.10%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameBaron Real Estate Fund
-
Fund Family NameBaron Capital Group
-
Inception DateDec 31, 2009
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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 market capitalization, 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 (%) |
|---|---|---|---|---|
| YTD | 25.4% | -42.6% | 25.9% | 1.11% |
| 1 Yr | 26.9% | -45.9% | 27.2% | 1.05% |
| 3 Yr | 12.0%* | -16.7% | 12.3% | 1.12% |
| 5 Yr | 10.4%* | -5.3% | 12.8% | 2.37% |
| 10 Yr | 14.1%* | 2.4% | 14.3% | 1.44% |
* Annualized
Return Ranking - Calendar
| Period | BREFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 26.0% | -0.8% | 43.1% | 9.92% |
| 2018 | -29.8% | -44.0% | 4.9% | 97.97% |
| 2017 | 25.0% | -16.4% | 25.4% | 1.35% |
| 2016 | -2.4% | -13.1% | 340.0% | 56.25% |
| 2015 | -6.5% | -18.4% | 7.7% | 71.43% |
Total Return Ranking - Trailing
| Period | BREFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.4% | -42.9% | 25.9% | 1.11% |
| 1 Yr | 26.9% | -45.9% | 27.2% | 1.05% |
| 3 Yr | 12.0%* | -16.7% | 12.3% | 1.12% |
| 5 Yr | 10.4%* | -5.5% | 12.8% | 2.37% |
| 10 Yr | 14.1%* | 2.4% | 14.3% | 1.44% |
* Annualized
Total Return Ranking - Calendar
| Period | BREFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 26.0% | -0.8% | 43.1% | 9.92% |
| 2018 | -29.8% | -43.3% | 4.9% | 99.19% |
| 2017 | 31.1% | -13.6% | 31.4% | 1.35% |
| 2016 | -2.0% | -12.3% | 13.4% | 83.17% |
| 2015 | -4.7% | -18.4% | 7.7% | 80.42% |
NAV & Total Return History
BREFX - Holdings
Concentration Analysis
| BREFX | Category Low | Category High | BREFX % Rank | |
|---|---|---|---|---|
| Net Assets | 806 M | 1.15 M | 53.9 B | 34.09% |
| Number of Holdings | 50 | 18 | 562 | 40.91% |
| Net Assets in Top 10 | 326 M | 538 K | 26.5 B | 37.76% |
| Weighting of Top 10 | 40.80% | 14.1% | 76.1% | 90.15% |
Top 10 Holdings
- Penn National Gaming Inc 5.75%
- GDS Holdings Ltd ADR 5.71%
- Wynn Resorts Ltd 4.63%
- Zillow Group Inc C 4.34%
- Equinix Inc 3.91%
- Lennar Corp 3.70%
- Brookfield Asset Management Inc Class A 3.60%
- American Tower Corp 3.52%
- Installed Building Products Inc 3.38%
- D.R. Horton Inc 3.18%
Asset Allocation
| Weighting | Return Low | Return High | BREFX % Rank | |
|---|---|---|---|---|
| Stocks | 97.54% | 0.00% | 101.95% | 72.03% |
| Cash | 2.46% | -104.20% | 18.40% | 15.73% |
| Preferred Stocks | 0.00% | 0.00% | 49.58% | 94.06% |
| Other | 0.00% | -10.54% | 95.74% | 94.41% |
| Convertible Bonds | 0.00% | 0.00% | 7.50% | 93.71% |
| Bonds | 0.00% | -9.65% | 101.08% | 93.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BREFX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 41.45% | 0.00% | 41.45% | 1.09% |
| Real Estate | 30.32% | 30.32% | 100.00% | 100.00% |
| Technology | 9.09% | 0.00% | 14.65% | 3.65% |
| Industrials | 7.24% | 0.00% | 10.82% | 2.92% |
| Communication Services | 6.00% | 0.00% | 11.27% | 1.46% |
| Basic Materials | 2.97% | 0.00% | 6.50% | 1.46% |
| Financial Services | 2.92% | 0.00% | 37.05% | 5.84% |
| Utilities | 0.00% | 0.00% | 6.35% | 93.80% |
| Healthcare | 0.00% | 0.00% | 39.57% | 93.43% |
| Energy | 0.00% | 0.00% | 0.67% | 93.43% |
| Consumer Defense | 0.00% | 0.00% | 2.24% | 93.43% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BREFX % Rank | |
|---|---|---|---|---|
| US | 84.89% | 0.00% | 100.44% | 83.57% |
| Non US | 12.65% | 0.00% | 32.67% | 4.55% |
BREFX - Expenses
Operational Fees
| BREFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.33% | 0.07% | 23.80% | 43.91% |
| Management Fee | 1.00% | 0.00% | 1.67% | 88.11% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 63.31% |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| BREFX 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
| 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 | 53.44% | 1.54% | 257.00% | 58.27% |
BREFX - Distributions
Dividend Yield Analysis
| BREFX | Category Low | Category High | BREFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.39% | 93.71% |
Dividend Distribution Analysis
| BREFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| BREFX | Category Low | Category High | BREFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.10% | -2.55% | 6.71% | 99.65% |
Capital Gain Distribution Analysis
| BREFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
BREFX - Fund Manager Analysis
Managers
Jeffrey Kolitch
Start Date
Tenure
Tenure Rank
Dec 31, 2009
10.84
10.8%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.18 | 26.84 | 8.28 | 1.1 |