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BARON DISCOVERY FUND
mutual fund
BDFIX
Payout Change
Suspended
Price as of:
$30.13
-0.21
-0.69%
primary theme
U.S. Small-Cap Growth Equity
share class
BDFIX (Mutual Fund)
BARON DISCOVERY FUND
Payout Change
Suspended
Price as of:
$30.13
-0.21
-0.69%
primary theme
U.S. Small-Cap Growth Equity
share class
BDFIX (Mutual Fund)
BARON DISCOVERY FUND
Payout Change
Suspended
Price as of:
$30.13
-0.21
-0.69%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 10/03/2024Price
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
7.6%
1 yr return
23.6%
3 Yr Avg Return
-5.5%
5 Yr Avg Return
10.6%
Net Assets
$1.52 B
Holdings in Top 10
28.2%
52 WEEK LOW AND HIGH
$30.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.52%
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 10/03/2024Price
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
BDFIX - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return -5.5%
- 5 Yr Annualized Total Return 10.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBARON DISCOVERY FUND
-
Fund Family NameBARONFUNDS
-
Inception DateSep 30, 2013
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLaird Bieger
Fund Description
The Fund is a diversified fund that invests for the long term primarily in equity securities in the form of common stock of U.S. small-sized growth companies. The Adviser defines small-sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell 2000 Growth Index at reconstitution, or companies with market capitalizations up to $2.5 billion, whichever is larger. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. Because of its long-term approach, the Fund could have a significant percentage of its assets invested in securities that have appreciated beyond their market capitalizations at the time of the Fund’s investment.
BDFIX - Performance
Return Ranking - Trailing
| Period | BDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | -12.6% | 49.1% | 75.91% |
| 1 Yr | 23.6% | 2.8% | 55.8% | 58.51% |
| 3 Yr | -5.5%* | -21.5% | 59.7% | 77.94% |
| 5 Yr | 10.6%* | -2.0% | 48.0% | 28.96% |
| 10 Yr | 11.7%* | 1.9% | 25.0% | 15.35% |
* Annualized
Return Ranking - Calendar
| Period | BDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.6% | -20.5% | 54.6% | 6.55% |
| 2022 | -35.1% | -82.1% | 32.2% | 73.35% |
| 2021 | 1.2% | -90.6% | 300.1% | 28.94% |
| 2020 | 60.7% | -63.0% | 127.9% | 4.04% |
| 2019 | 26.7% | -7.7% | 42.9% | 29.84% |
Total Return Ranking - Trailing
| Period | BDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | -12.6% | 49.1% | 75.91% |
| 1 Yr | 23.6% | 2.8% | 55.8% | 58.51% |
| 3 Yr | -5.5%* | -21.5% | 59.7% | 77.94% |
| 5 Yr | 10.6%* | -2.0% | 48.0% | 28.96% |
| 10 Yr | 11.7%* | 1.9% | 25.0% | 15.35% |
* Annualized
Total Return Ranking - Calendar
| Period | BDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.6% | -19.0% | 136.8% | 7.82% |
| 2022 | -35.1% | -59.9% | 44.3% | 81.43% |
| 2021 | 4.9% | -22.7% | 411.9% | 71.24% |
| 2020 | 66.1% | 1.5% | 150.8% | 8.46% |
| 2019 | 26.9% | 5.5% | 55.3% | 62.65% |
NAV & Total Return History
BDFIX - Holdings
Concentration Analysis
| BDFIX | Category Low | Category High | BDFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.52 B | 214 K | 34.3 B | 33.51% |
| Number of Holdings | 62 | 7 | 1226 | 79.35% |
| Net Assets in Top 10 | 393 M | 52.5 K | 3.24 B | 36.05% |
| Weighting of Top 10 | 28.20% | 7.9% | 100.0% | 30.13% |
Top 10 Holdings
- DraftKings Inc 3.38%
- CyberArk Software Ltd 3.14%
- Advanced Energy Industries Inc 3.08%
- Axon Enterprise Inc 3.04%
- Kratos Defense Security Solutions Inc 2.79%
- Montrose Environmental Group Inc 2.78%
- Chart Industries Inc 2.59%
- PAR Technology Corp 2.53%
- Texas Roadhouse Inc 2.46%
- Gitlab Inc 2.42%
Asset Allocation
| Weighting | Return Low | Return High | BDFIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.52% | 85.75% | 107.62% | 61.05% |
| Other | 2.36% | -0.26% | 6.70% | 6.16% |
| Cash | 0.12% | 0.00% | 28.78% | 88.41% |
| Preferred Stocks | 0.00% | 0.00% | 4.63% | 96.20% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 96.20% |
| Bonds | 0.00% | 0.00% | 3.83% | 96.20% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BDFIX % Rank | |
|---|---|---|---|---|
| Technology | 30.55% | 2.91% | 75.51% | 17.93% |
| Healthcare | 21.48% | 0.00% | 47.90% | 56.52% |
| Industrials | 18.79% | 0.00% | 36.64% | 30.98% |
| Consumer Cyclical | 10.47% | 0.00% | 24.04% | 70.65% |
| Real Estate | 5.35% | 0.00% | 15.31% | 19.38% |
| Financial Services | 5.02% | 0.00% | 42.95% | 70.65% |
| Consumer Defense | 4.48% | 0.00% | 13.56% | 37.86% |
| Communication Services | 3.86% | 0.00% | 15.31% | 22.64% |
| Utilities | 0.00% | 0.00% | 5.57% | 96.38% |
| Energy | 0.00% | 0.00% | 55.49% | 98.73% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 99.28% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BDFIX % Rank | |
|---|---|---|---|---|
| US | 97.52% | 17.30% | 107.62% | 49.64% |
| Non US | 0.00% | 0.00% | 77.12% | 96.92% |
BDFIX - Expenses
Operational Fees
| BDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.06% | 0.05% | 23.20% | 64.61% |
| Management Fee | 1.00% | 0.05% | 1.62% | 92.20% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 21.85% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| BDFIX 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% | 5.00% | N/A |
Trading Fees
| BDFIX 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.
| BDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.52% | 3.00% | 439.00% | 31.40% |
BDFIX - Distributions
Dividend Yield Analysis
| BDFIX | Category Low | Category High | BDFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 96.56% |
Dividend Distribution Analysis
| BDFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BDFIX | Category Low | Category High | BDFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.94% | -2.47% | 1.10% | 69.60% |
Capital Gain Distribution Analysis
| BDFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 23, 2021 | $1.295 | OrdinaryDividend |
| Nov 24, 2020 | $1.061 | CapitalGainLongTerm |
| Nov 26, 2019 | $0.029 | CapitalGainLongTerm |
| Nov 29, 2018 | $1.500 | CapitalGainLongTerm |
| Nov 28, 2017 | $0.038 | OrdinaryDividend |
| Jun 28, 2016 | $0.266 | CapitalGainLongTerm |
BDFIX - Fund Manager Analysis
Managers
Laird Bieger
Start Date
Tenure
Tenure Rank
Sep 30, 2013
8.67
8.7%
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
8.67
8.7%
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 |
|---|---|---|---|
| 0.08 | 30.44 | 9.12 | 5.25 |
