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Baron FinTech Fund
mutual fund
BFINX
Payout Change
Pending
Price as of:
$16.57
+0.14
+0.85%
primary theme
Technology Sector Equity
share class
BFINX (Mutual Fund)
Baron FinTech Fund
Payout Change
Pending
Price as of:
$16.57
+0.14
+0.85%
primary theme
Technology Sector Equity
share class
BFINX (Mutual Fund)
Baron FinTech Fund
Payout Change
Pending
Price as of:
$16.57
+0.14
+0.85%
primary theme
Technology Sector Equity
share class
Name
As of 10/04/2024Price
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
17.7%
1 yr return
32.5%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
N/A
Net Assets
$59.6 M
Holdings in Top 10
42.6%
52 WEEK LOW AND HIGH
$16.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.88%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
BFINX - Profile
Distributions
- YTD Total Return 17.7%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBaron FinTech Fund
-
Fund Family NameBARONFUNDS
-
Inception DateDec 31, 2019
-
Shares OutstandingN/A
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJosh Saltman
Fund Description
The Fund is a non‑diversified fund that, under normal circumstances, invests at least 80% of its net assets in securities of companies that develop, use, or rely on innovative technologies or services, in a significant way, for banking, lending, capital markets, financial data analytics, insurance, payments, asset management, or wealth management. The Fund may purchase securities of companies of any market capitalization and may invest in foreign stocks, including emerging market securities, however, investments in non-U.S. securities are limited to 35% of the Fund’s total assets at the time of purchase.
BFINX - Performance
Return Ranking - Trailing
| Period | BFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -23.0% | 44.3% | 65.91% |
| 1 Yr | 32.5% | -8.4% | 68.1% | 77.27% |
| 3 Yr | -1.9%* | -34.1% | 27.8% | 78.70% |
| 5 Yr | N/A* | -10.3% | 34.8% | N/A |
| 10 Yr | N/A* | 0.8% | 27.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.0% | -5.6% | 96.9% | 86.76% |
| 2022 | -34.4% | -73.9% | -16.4% | 24.07% |
| 2021 | 15.0% | -44.6% | 51.5% | 28.84% |
| 2020 | N/A | 5.5% | 154.1% | N/A |
| 2019 | N/A | -3.0% | 63.7% | N/A |
Total Return Ranking - Trailing
| Period | BFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -23.0% | 44.3% | 65.91% |
| 1 Yr | 32.5% | -8.4% | 68.1% | 77.27% |
| 3 Yr | -1.9%* | -34.1% | 27.8% | 78.70% |
| 5 Yr | N/A* | -10.3% | 34.8% | N/A |
| 10 Yr | N/A* | 0.8% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.0% | -2.3% | 96.9% | 92.24% |
| 2022 | -33.5% | -67.5% | -5.9% | 33.33% |
| 2021 | 15.0% | -17.8% | 59.2% | 54.88% |
| 2020 | N/A | 17.5% | 157.5% | N/A |
| 2019 | N/A | 7.5% | 66.9% | N/A |
NAV & Total Return History
BFINX - Holdings
Concentration Analysis
| BFINX | Category Low | Category High | BFINX % Rank | |
|---|---|---|---|---|
| Net Assets | 59.6 M | 4.67 M | 81.2 B | 83.71% |
| Number of Holdings | 46 | 10 | 317 | 64.71% |
| Net Assets in Top 10 | 25.3 M | 1.67 M | 48.8 B | 83.71% |
| Weighting of Top 10 | 42.63% | 13.8% | 100.0% | 70.14% |
Top 10 Holdings
- Intuit Inc 4.87%
- SP Global Inc 4.85%
- Fair Isaac Corp 4.76%
- Mastercard Inc 4.68%
- Visa Inc 4.59%
- Apollo Global Management Inc 4.49%
- Progressive Corp/The 4.05%
- MercadoLibre Inc 3.74%
- Fiserv Inc 3.34%
- Tradeweb Markets Inc 3.28%
Asset Allocation
| Weighting | Return Low | Return High | BFINX % Rank | |
|---|---|---|---|---|
| Stocks | 98.68% | 0.00% | 100.77% | 63.35% |
| Other | 1.41% | -0.02% | 26.87% | 9.50% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 62.90% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 52.49% |
| Cash | 0.00% | 0.00% | 30.34% | 94.57% |
| Bonds | 0.00% | 0.00% | 87.98% | 52.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BFINX % Rank | |
|---|---|---|---|---|
| Technology | 48.96% | 2.80% | 100.00% | 92.31% |
| Financial Services | 38.36% | 0.00% | 38.36% | 0.45% |
| Industrials | 8.54% | 0.00% | 38.68% | 8.14% |
| Consumer Cyclical | 2.82% | 0.00% | 32.97% | 62.90% |
| Real Estate | 1.32% | 0.00% | 15.05% | 16.29% |
| Utilities | 0.00% | 0.00% | 5.17% | 50.23% |
| Healthcare | 0.00% | 0.00% | 25.57% | 76.47% |
| Energy | 0.00% | 0.00% | 1.24% | 50.68% |
| Communication Services | 0.00% | 0.00% | 97.05% | 94.12% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 56.11% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 55.66% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BFINX % Rank | |
|---|---|---|---|---|
| US | 96.91% | 0.00% | 100.77% | 44.80% |
| Non US | 1.76% | 0.00% | 60.23% | 39.37% |
BFINX - Expenses
Operational Fees
| BFINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.66% | 0.08% | 5.04% | 21.82% |
| Management Fee | 0.80% | 0.03% | 1.95% | 65.61% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 57.38% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| BFINX 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
| BFINX 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.
| BFINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.88% | 0.69% | 281.00% | 8.52% |
BFINX - Distributions
Dividend Yield Analysis
| BFINX | Category Low | Category High | BFINX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 61.09% |
Dividend Distribution Analysis
| BFINX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BFINX | Category Low | Category High | BFINX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.30% | 2.08% | 75.12% |
Capital Gain Distribution Analysis
| BFINX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
BFINX - Fund Manager Analysis
Managers
Josh Saltman
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Josh joined Baron in 2011 as a research analyst and was named portfolio manager of Baron FinTech Fund in 2019. He has 16 years of research experience. From 2006 to 2009, he worked at TA Associates as an associate. From 2004 to 2006, he worked at Morgan Stanley as an analyst in the Investment Banking division. Josh graduated summa cum laude from Princeton University with a B.S.E. in Operations Research and Financial Engineering in 2004 and with honors from Columbia Business School with an M.B.A. in 2011.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |
