Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Baron Durable Advantage Fund
mutual fund
BDAFX
Payout Change
Pending
Price as of:
$27.3
+0.09
+0.33%
primary theme
U.S. Large-Cap Growth Equity
share class
BDAFX (Mutual Fund)
Baron Durable Advantage Fund
Payout Change
Pending
Price as of:
$27.3
+0.09
+0.33%
primary theme
U.S. Large-Cap Growth Equity
share class
BDAFX (Mutual Fund)
Baron Durable Advantage Fund
Payout Change
Pending
Price as of:
$27.3
+0.09
+0.33%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 10/02/2024Price
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
22.6%
1 yr return
41.3%
3 Yr Avg Return
13.6%
5 Yr Avg Return
19.0%
Net Assets
$182 M
Holdings in Top 10
50.6%
52 WEEK LOW AND HIGH
$27.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.58%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
BDAFX - Profile
Distributions
- YTD Total Return 22.6%
- 3 Yr Annualized Total Return 13.6%
- 5 Yr Annualized Total Return 19.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.29%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBaron Durable Advantage Fund
-
Fund Family NameBARONFUNDS
-
Inception DateDec 29, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlex Umansky
Fund Description
The Fund is a diversified fund that invests primarily in equity securities in the form of common stock of U.S. large‑sized companies. The Adviser defines large‑sized companies as those, at the time of purchase, with market capitalizations no smaller than the top 90th percentile by total market capitalization of the S&P 500 Index at June 30, or companies with market capitalizations above $10 billion, whichever is smaller. The Adviser seeks to invest primarily in what it believes are unique, well-managed, competitively advantaged businesses that generate significant excess free cash flow that is consistently returned to shareholders in the form of stock buybacks and/or dividends.
BDAFX - Performance
Return Ranking - Trailing
| Period | BDAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.6% | -0.5% | 38.3% | 49.91% |
| 1 Yr | 41.3% | 7.5% | 60.9% | 50.54% |
| 3 Yr | 13.6%* | -27.6% | 25.2% | 1.75% |
| 5 Yr | 19.0%* | -12.9% | 30.2% | 16.96% |
| 10 Yr | N/A* | -4.4% | 19.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BDAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 45.1% | -74.1% | 72.4% | 12.12% |
| 2022 | -25.0% | -85.9% | 4.7% | 13.14% |
| 2021 | 31.3% | -52.4% | 60.5% | 1.21% |
| 2020 | 20.0% | -34.3% | 145.0% | 72.69% |
| 2019 | 40.8% | -6.9% | 49.4% | 0.81% |
Total Return Ranking - Trailing
| Period | BDAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.6% | -0.5% | 38.3% | 49.91% |
| 1 Yr | 41.3% | 7.5% | 60.9% | 50.54% |
| 3 Yr | 13.6%* | -27.6% | 25.2% | 1.75% |
| 5 Yr | 19.0%* | -12.9% | 30.2% | 16.96% |
| 10 Yr | N/A* | -4.4% | 19.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BDAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 45.1% | -4.6% | 72.4% | 18.26% |
| 2022 | -25.0% | -61.7% | 5.6% | 22.06% |
| 2021 | 31.8% | -39.8% | 118.1% | 2.88% |
| 2020 | 20.1% | 2.8% | 149.2% | 94.23% |
| 2019 | 40.8% | -5.2% | 49.4% | 2.42% |
NAV & Total Return History
BDAFX - Holdings
Concentration Analysis
| BDAFX | Category Low | Category High | BDAFX % Rank | |
|---|---|---|---|---|
| Net Assets | 182 M | 292 K | 287 B | 82.33% |
| Number of Holdings | 33 | 2 | 3143 | 86.71% |
| Net Assets in Top 10 | 214 M | 109 K | 151 B | 70.38% |
| Weighting of Top 10 | 50.59% | 0.7% | 205.0% | 64.72% |
Top 10 Holdings
- Microsoft Corp 8.97%
- Amazon.com Inc 6.65%
- Meta Platforms Inc 6.20%
- NVIDIA Corp 4.90%
- Alphabet Inc 4.73%
- Taiwan Semiconductor Manufacturing Co Ltd 4.22%
- Broadcom Inc 4.08%
- SP Global Inc 3.95%
- Visa Inc 3.65%
- Adobe Inc 3.25%
Asset Allocation
| Weighting | Return Low | Return High | BDAFX % Rank | |
|---|---|---|---|---|
| Stocks | 96.68% | 0.00% | 115.30% | 86.80% |
| Other | 3.16% | -31.50% | 50.35% | 2.51% |
| Cash | 0.16% | 0.00% | 173.52% | 84.11% |
| Preferred Stocks | 0.00% | 0.00% | 10.69% | 57.18% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 50.45% |
| Bonds | 0.00% | 0.00% | 103.97% | 52.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BDAFX % Rank | |
|---|---|---|---|---|
| Financial Services | 32.84% | 0.00% | 43.06% | 0.54% |
| Technology | 31.85% | 0.00% | 65.70% | 64.75% |
| Healthcare | 16.95% | 0.00% | 39.76% | 16.64% |
| Communication Services | 10.21% | 0.00% | 66.40% | 53.33% |
| Consumer Defense | 4.44% | 0.00% | 25.50% | 39.48% |
| Industrials | 2.45% | 0.00% | 30.65% | 85.79% |
| Basic Materials | 1.27% | 0.00% | 18.91% | 48.20% |
| Utilities | 0.00% | 0.00% | 16.07% | 65.20% |
| Real Estate | 0.00% | 0.00% | 16.05% | 83.54% |
| Energy | 0.00% | 0.00% | 41.09% | 77.88% |
| Consumer Cyclical | 0.00% | 0.00% | 62.57% | 99.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BDAFX % Rank | |
|---|---|---|---|---|
| US | 96.68% | 0.00% | 115.30% | 71.81% |
| Non US | 0.00% | 0.00% | 75.51% | 66.07% |
BDAFX - Expenses
Operational Fees
| BDAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.40% | 0.01% | 28.71% | 22.07% |
| Management Fee | 0.65% | 0.00% | 1.50% | 60.49% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.36% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BDAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BDAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 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.
| BDAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 10.58% | 0.00% | 316.74% | 9.46% |
BDAFX - Distributions
Dividend Yield Analysis
| BDAFX | Category Low | Category High | BDAFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 43.94% |
Dividend Distribution Analysis
| BDAFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| BDAFX | Category Low | Category High | BDAFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.29% | -6.13% | 3.48% | 48.35% |
Capital Gain Distribution Analysis
| BDAFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $0.000 | OrdinaryDividend |
| Nov 23, 2021 | $0.061 | CapitalGainLongTerm |
| Jul 29, 2021 | $0.008 | OrdinaryDividend |
| Jul 30, 2020 | $0.018 | OrdinaryDividend |
| Nov 29, 2018 | $0.035 | OrdinaryDividend |
BDAFX - Fund Manager Analysis
Managers
Alex Umansky
Start Date
Tenure
Tenure Rank
Dec 29, 2017
4.42
4.4%
Alex Umansky has been the portfolio manager of Baron Global Advantage Fund and Baron Durable Advantage Fund since their respective inceptions on April 30, 2012 and December 29, 2017. In addition, he has been the portfolio manager of Baron Fifth Avenue Growth Fund since November 1, 2011. Prior to joining the Adviser, Mr. Umansky was a co-manager of the Morgan Stanley Opportunity Fund from 2007 to 2011, the Morgan Stanley Global Opportunity Fund from 2008 to 2011, and the Morgan Stanley International Opportunity Fund and the Morgan Stanley International Advantage Fund from 2010 to 2011. Prior to that, Mr. Umansky was the lead manager of the Morgan Stanley Institutional Technology Strategy from 1998-2004 and the Morgan Stanley Technology Fund from 2000 to 2003, and a co-manager of the Morgan Stanley Information Fund from 2004 to 2005. Prior to that, Mr. Umansky was a co-manager of the Morgan Stanley Small Company Growth Fund from 1999 to 2002. Mr. Umansky began his investment management career as a research analyst at Morgan Stanley Investment Management covering technology and business services for Morgan Stanley’s U.S. equity growth products.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.24 | 3.08 |
