Baron Technology Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
14.8%
1 yr return
58.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$9.03 M
Holdings in Top 10
53.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 6.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BTECX - Profile
Distributions
- YTD Total Return 14.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBaron Technology Fund
-
Fund Family NameBARONFUNDS
-
Inception DateDec 31, 2021
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Lippert
Fund Description
BTECX - Performance
Return Ranking - Trailing
Period | BTECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.8% | -15.0% | 28.6% | 34.80% |
1 Yr | 58.3% | -16.7% | 81.1% | 11.01% |
3 Yr | N/A* | -30.8% | 29.1% | N/A |
5 Yr | N/A* | -9.7% | 35.6% | N/A |
10 Yr | N/A* | 0.3% | 27.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | BTECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 63.4% | -5.6% | 96.9% | 9.73% |
2022 | N/A | -73.9% | -16.4% | N/A |
2021 | N/A | -44.6% | 51.5% | N/A |
2020 | N/A | 5.5% | 154.1% | N/A |
2019 | N/A | -3.0% | 63.7% | N/A |
Total Return Ranking - Trailing
Period | BTECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.8% | -15.0% | 28.6% | 34.80% |
1 Yr | 58.3% | -16.7% | 81.1% | 11.01% |
3 Yr | N/A* | -30.8% | 29.1% | N/A |
5 Yr | N/A* | -9.7% | 35.6% | N/A |
10 Yr | N/A* | 0.3% | 27.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BTECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 63.4% | -2.3% | 96.9% | 9.73% |
2022 | N/A | -67.5% | -5.9% | N/A |
2021 | N/A | -17.8% | 59.2% | N/A |
2020 | N/A | 17.5% | 157.5% | N/A |
2019 | N/A | 7.5% | 66.9% | N/A |
NAV & Total Return History
BTECX - Holdings
Concentration Analysis
BTECX | Category Low | Category High | BTECX % Rank | |
---|---|---|---|---|
Net Assets | 9.03 M | 4.18 M | 58.1 B | 97.37% |
Number of Holdings | 40 | 10 | 319 | 73.25% |
Net Assets in Top 10 | 4.83 M | 1.23 M | 40.5 B | 96.93% |
Weighting of Top 10 | 53.47% | 11.5% | 100.0% | 36.40% |
Top 10 Holdings
- Microsoft Corp 9.96%
- NVIDIA Corp 9.29%
- Amazon.com Inc 7.86%
- Tesla Inc 4.85%
- Advanced Micro Devices Inc 4.36%
- Apple Inc 4.30%
- FIXED INC CLEARING CORP.REPO 3.79%
- Lam Research Corp 3.05%
- Meta Platforms Inc 3.01%
- Intuit Inc 3.01%
Asset Allocation
Weighting | Return Low | Return High | BTECX % Rank | |
---|---|---|---|---|
Stocks | 95.77% | 0.00% | 103.06% | 87.72% |
Other | 3.79% | -0.04% | 26.87% | 2.63% |
Cash | 0.44% | -0.14% | 26.97% | 69.30% |
Preferred Stocks | 0.00% | 0.00% | 7.72% | 21.49% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 9.65% |
Bonds | 0.00% | 0.00% | 90.88% | 7.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BTECX % Rank | |
---|---|---|---|---|
Technology | 63.12% | 2.80% | 100.00% | 71.49% |
Consumer Cyclical | 18.36% | 0.00% | 32.97% | 5.70% |
Communication Services | 9.52% | 0.00% | 97.05% | 49.56% |
Financial Services | 6.02% | 0.00% | 38.36% | 34.65% |
Real Estate | 2.98% | 0.00% | 15.05% | 10.96% |
Utilities | 0.00% | 0.00% | 5.17% | 7.02% |
Industrials | 0.00% | 0.00% | 38.68% | 68.42% |
Healthcare | 0.00% | 0.00% | 25.57% | 57.02% |
Energy | 0.00% | 0.00% | 1.24% | 7.02% |
Consumer Defense | 0.00% | 0.00% | 5.64% | 17.54% |
Basic Materials | 0.00% | 0.00% | 2.38% | 16.67% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BTECX % Rank | |
---|---|---|---|---|
US | 92.13% | 0.00% | 103.06% | 66.67% |
Non US | 3.64% | 0.00% | 58.19% | 28.51% |
BTECX - Expenses
Operational Fees
BTECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 6.42% | 0.08% | 6.86% | 0.88% |
Management Fee | 0.80% | 0.03% | 1.95% | 66.67% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 2.38% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
BTECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
BTECX 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.
BTECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.69% | 281.00% | N/A |
BTECX - Distributions
Dividend Yield Analysis
BTECX | Category Low | Category High | BTECX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.37% | 34.65% |
Dividend Distribution Analysis
BTECX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
BTECX | Category Low | Category High | BTECX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -2.30% | 2.08% | N/A |
Capital Gain Distribution Analysis
BTECX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
BTECX - Fund Manager Analysis
Managers
Michael Lippert
Start Date
Tenure
Tenure Rank
Dec 31, 2021
0.41
0.4%
Michael Lippert joined Baron in 2001 as a research analyst and was named portfolio manager in 2006. In 2020, he was named Head of Technology Research. He has 20 years of research experience. In 2001, he worked at JLF Asset Management as a financial analyst and general counsel. From 1991 to 2001, he worked at Baker & Botts as a trial partner. Michael graduated summa cum laude from Tufts University with a B.A. in History in 1988 and from Columbia Law School with a J.D. in 1991.
Ashim Mehra
Start Date
Tenure
Tenure Rank
Dec 31, 2021
0.41
0.4%
Ashim joined Baron in 2011 as a research analyst and has 23 years of research experience. In addition to his work as an analyst, Ashim is portfolio manager of Baron Innovators Fund, a concentrated global portfolio that is available to accredited investors through Baron. From 2004 to 2011, Ashim worked at Mazama Capital as a telecom, media and technology portfolio manager. From 2002 to 2004, Ashim worked at RBC as a senior equity research associate. From 1999 to 2002, he co-founded and worked at iExplore, an online travel company. From 1996 to 1999, Ashim worked at PWC as a senior strategy consultant. Ashim graduated from Rutgers University with a B.S. in Industrial Engineering in 1992 and from New York University Stern School of Business with an M.B.A. in 1996.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 32.43 | 8.4 | 1.41 |