Baron WealthBuilder Fund
Fund
BWBIX
Price as of:
$17.42
- $0.15
- 0.85%
Primary Theme
fund company
Name
As of 04/17/2024Price
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
Vitals
YTD Return
-2.5%
1 yr return
11.4%
3 Yr Avg Return
-3.4%
5 Yr Avg Return
12.1%
Net Assets
$548 M
Holdings in Top 10
83.9%
52 WEEK LOW AND HIGH
$17.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.18%
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 04/17/2024Price
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
BWBIX - Profile
Distributions
- YTD Total Return -2.5%
- 3 Yr Annualized Total Return -3.4%
- 5 Yr Annualized Total Return 12.1%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 0.09%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBaron WealthBuilder Fund
-
Fund Family NameBARONFUNDS
-
Inception DateDec 29, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRonald Baron
Fund Description
The Fund is a diversified fund because it invests, at any given time, in the securities of a select number of Baron mutual funds (the “Underlying Funds”), representing specific investment strategies. The Fund normally invests in a variety of domestic and international equity funds. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
The Fund can invest in funds holding U.S. and international stocks; small-cap, small- to mid-cap, mid-cap, large-cap, all-cap stocks; and sector specific stocks.
The portfolio manager decides how much of the Fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the Underlying Funds and the various markets in which they invest.
Underlying Funds
| BARON WEALTHBUILDER FUND | |
| Strategy | Fund |
| Small Cap | Baron Discovery Fund |
| Baron Small Cap Fund | |
| Baron Growth Fund | |
| Small-Mid Cap | Baron Focused Growth Fund |
| Mid Cap | Baron Asset Fund |
| Large Cap | Baron Fifth Avenue Growth Fund |
| Baron Durable Advantage Fund | |
| All Cap | Baron Partners Fund |
| Baron Opportunity Fund | |
| International / Global | Baron International Growth Fund |
| Baron Emerging Markets Fund | |
| Baron Global Advantage Fund | |
| Baron New Asia Fund | |
| Sector | Baron Real Estate Fund |
| Baron Real Estate Income Fund | |
| Baron Health Care Fund | |
| Baron FinTech Fund | |
| Baron Technology Fund |
The Fund may sell shares of the Underlying Funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. The Fund may also modify the list of Underlying Funds at any time, including by adding Underlying Funds that may be created in the future, or change the Fund’s asset allocation at any time, in each case without prior approval from or notice to shareholders. At certain periods, the Fund may hold
a portion of its assets in cash, money market securities or other similar liquid investments.
BWBIX - Performance
Return Ranking - Trailing
| Period | BWBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.5% | -2.0% | 6.8% | 97.84% |
| 1 Yr | 11.4% | 0.8% | 25.1% | 77.30% |
| 3 Yr | -3.4%* | -10.8% | 4.7% | 97.14% |
| 5 Yr | 12.1%* | -0.2% | 12.3% | 0.63% |
| 10 Yr | N/A* | 0.0% | 12.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BWBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 25.7% | -6.6% | 33.6% | 12.97% |
| 2022 | -34.7% | -44.4% | -9.8% | 95.08% |
| 2021 | 10.5% | -24.1% | 18.9% | 52.02% |
| 2020 | 60.4% | -10.9% | 60.4% | 1.21% |
| 2019 | 31.3% | 5.9% | 36.4% | 2.55% |
Total Return Ranking - Trailing
| Period | BWBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.5% | -2.0% | 6.8% | 97.84% |
| 1 Yr | 11.4% | 0.8% | 25.1% | 77.30% |
| 3 Yr | -3.4%* | -10.8% | 4.7% | 97.14% |
| 5 Yr | 12.1%* | -0.2% | 12.3% | 0.63% |
| 10 Yr | N/A* | 0.0% | 12.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BWBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 25.7% | 1.4% | 34.9% | 14.05% |
| 2022 | -32.6% | -43.2% | -3.8% | 98.91% |
| 2021 | 16.7% | -24.1% | 26.7% | 70.52% |
| 2020 | 62.8% | -5.3% | 62.8% | 1.21% |
| 2019 | 36.5% | 12.4% | 52.6% | 5.73% |
NAV & Total Return History
BWBIX - Holdings
Concentration Analysis
| BWBIX | Category Low | Category High | BWBIX % Rank | |
|---|---|---|---|---|
| Net Assets | 548 M | 9.96 M | 119 B | 59.46% |
| Number of Holdings | 16 | 5 | 8469 | 65.95% |
| Net Assets in Top 10 | 460 M | 6.4 M | 20.9 B | 58.38% |
| Weighting of Top 10 | 83.95% | 0.7% | 100.0% | 53.51% |
Top 10 Holdings
- Baron Growth Fund 14.44%
- Baron Partners Fund 14.06%
- Baron Small Cap Fund 13.06%
- Baron Asset Fund 12.86%
- Baron Focused Growth Fund 6.28%
- Baron Real Estate Fund 6.06%
- Baron Discovery Fund 4.68%
- Baron Fifth Avenue Growth Fund 4.54%
- Baron Opportunity Fund 4.43%
- Baron Global Advantage Fund 3.53%
Asset Allocation
| Weighting | Return Low | Return High | BWBIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.01% | 0.00% | 100.05% | 16.76% |
| Preferred Stocks | 0.00% | 0.00% | 13.37% | 54.59% |
| Other | 0.00% | -28.75% | 8.72% | 55.14% |
| Convertible Bonds | 0.00% | 0.00% | 3.88% | 81.62% |
| Cash | 0.00% | 0.00% | 99.02% | 90.81% |
| Bonds | 0.00% | 0.00% | 141.68% | 62.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BWBIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 24.72% | 1.15% | 24.72% | 1.63% |
| Technology | 23.28% | 1.75% | 32.38% | 21.20% |
| Healthcare | 14.76% | 2.06% | 19.02% | 29.89% |
| Financial Services | 13.54% | 9.56% | 42.24% | 76.63% |
| Real Estate | 8.68% | 0.00% | 28.04% | 5.43% |
| Industrials | 7.00% | 1.80% | 14.87% | 96.20% |
| Communication Services | 5.63% | 1.90% | 13.69% | 83.70% |
| Consumer Defense | 1.17% | 0.47% | 14.80% | 98.91% |
| Basic Materials | 0.95% | 0.00% | 8.62% | 97.83% |
| Energy | 0.20% | 0.00% | 31.98% | 98.91% |
| Utilities | 0.08% | 0.00% | 15.29% | 95.11% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BWBIX % Rank | |
|---|---|---|---|---|
| US | 100.01% | 0.00% | 100.05% | 16.76% |
| Non US | 0.00% | 0.00% | 32.67% | 56.76% |
BWBIX - Expenses
Operational Fees
| BWBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.14% | 0.23% | 3.92% | 48.11% |
| Management Fee | 0.00% | 0.00% | 1.30% | 17.84% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| BWBIX 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% | 5.00% | N/A |
Trading Fees
| BWBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| BWBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.18% | 0.18% | 300.02% | 1.74% |
BWBIX - Distributions
Dividend Yield Analysis
| BWBIX | Category Low | Category High | BWBIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.06% | 80.54% |
Dividend Distribution Analysis
| BWBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| BWBIX | Category Low | Category High | BWBIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.09% | -0.65% | 5.31% | 79.12% |
Capital Gain Distribution Analysis
| BWBIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 28, 2023 | $0.005 | OrdinaryDividend |
| Sep 28, 2022 | $0.456 | OrdinaryDividend |
| Sep 30, 2019 | $0.432 | OrdinaryDividend |
BWBIX - Fund Manager Analysis
Managers
Ronald Baron
Start Date
Tenure
Tenure Rank
Dec 29, 2017
4.42
4.4%
Ron founded Baron Capital in 1982 and has 52 years of research experience. From 1970 to 1982, Ron worked for several brokerage firms as an institutional securities analyst. From 1966 to 1969, Ron worked at the U.S. Patent Office as a patent examiner, while attending George Washington University Law School. From 1965 to 1966, Ron worked at Georgetown University as a teaching fellow in biochemistry. Ron graduated from Bucknell University with a B.A. in Chemistry in 1965.
Michael Baron
Start Date
Tenure
Tenure Rank
Dec 08, 2020
1.48
1.5%
Michael Baron joined Baron in 2004 as a research analyst and was named co-portfolio manager of Baron WealthBuilder Fund in 2020 and Baron Partners Fund in 2018. He has 19 years of research experience. From 2003 to 2004, he worked at Glenhill Capital as a research analyst. Michael graduated from Duke University with a B.A. in Economics in 2003 and from The Wharton School of the University of Pennsylvania with an M.B.A. in 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.19 | 26.6 | 6.51 | 2.41 |