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Baron Health Care Fund
mutual fund
BHCFX
Payout Change
Pending
Price as of:
$21.04
+0.29
+1.4%
primary theme
Health Care Sector Equity
share class
BHCFX (Mutual Fund)
Baron Health Care Fund
Payout Change
Pending
Price as of:
$21.04
+0.29
+1.4%
primary theme
Health Care Sector Equity
share class
BHCFX (Mutual Fund)
Baron Health Care Fund
Payout Change
Pending
Price as of:
$21.04
+0.29
+1.4%
primary theme
Health Care Sector Equity
share class
Name
As of 10/11/2024Price
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
12.2%
1 yr return
20.2%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
14.8%
Net Assets
$211 M
Holdings in Top 10
53.2%
52 WEEK LOW AND HIGH
$20.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 55.38%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
BHCFX - Profile
Distributions
- YTD Total Return 12.2%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 14.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.82%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBaron Health Care Fund
-
Fund Family NameBARONFUNDS
-
Inception DateApr 30, 2018
-
Shares OutstandingN/A
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeal Kaufman
Fund Description
The Fund is a non‑diversified fund that under normal circumstances, invests at least 80% of its net assets in equity securities in the form of common stock of companies engaged in the research, development, production, sale, delivery or distribution of products and services related to the health care industry. The Adviser uses various criteria to determine whether an issuer is engaged in activities related to the health care industry, including whether: (1) the issuer derives 50% or more of its revenues from activities in the health care industry; or (2) the issuer devotes 50% or more of its assets to producing sales from the health care industry. These companies may include, among others, pharmaceutical companies, biotechnology companies, life sciences tools and services companies, health care equipment companies, health care supplies companies, managed health care companies, health care services companies, health care facilities, health care distributors, and health care technology companies. The Fund strives to invest in multiple subsectors of the health care industry. The Fund’s allocation among the different subsectors of the health care industry will vary depending upon the relative potential the Fund sees within each area. The Adviser seeks to invest in businesses it believes have significant growth opportunities, sustainable competitive advantages, exceptional management, and attractive valuations. The Fund may purchase securities of companies of any market
capitalization and may invest in foreign stocks, however, investments in non-U.S. securities are limited to 35% of the Fund’s total assets at the time of purchase.
BHCFX - Performance
Return Ranking - Trailing
| Period | BHCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -24.4% | 27.6% | 62.26% |
| 1 Yr | 20.2% | -1.3% | 55.6% | 66.04% |
| 3 Yr | -0.2%* | -30.8% | 14.6% | 73.68% |
| 5 Yr | 14.8%* | -2.4% | 16.2% | 5.48% |
| 10 Yr | N/A* | 0.1% | 14.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BHCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.2% | -12.6% | 19.0% | 18.87% |
| 2022 | -17.1% | -53.9% | 3.2% | 80.92% |
| 2021 | 13.8% | -39.6% | 24.2% | 11.84% |
| 2020 | 45.8% | -13.6% | 178.2% | 8.72% |
| 2019 | 35.2% | 3.8% | 63.8% | 7.52% |
Total Return Ranking - Trailing
| Period | BHCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -24.4% | 27.6% | 62.26% |
| 1 Yr | 20.2% | -1.3% | 55.6% | 66.04% |
| 3 Yr | -0.2%* | -30.8% | 14.6% | 73.68% |
| 5 Yr | 14.8%* | -2.4% | 16.2% | 5.48% |
| 10 Yr | N/A* | 0.1% | 14.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BHCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.2% | -12.6% | 19.0% | 30.19% |
| 2022 | -17.1% | -53.9% | 3.7% | 84.87% |
| 2021 | 15.5% | -33.9% | 26.0% | 23.03% |
| 2020 | 47.4% | -0.7% | 180.6% | 8.72% |
| 2019 | 35.2% | 4.6% | 63.8% | 9.02% |
NAV & Total Return History
BHCFX - Holdings
Concentration Analysis
| BHCFX | Category Low | Category High | BHCFX % Rank | |
|---|---|---|---|---|
| Net Assets | 211 M | 6.87 M | 47.2 B | 66.67% |
| Number of Holdings | 41 | 26 | 414 | 88.68% |
| Net Assets in Top 10 | 124 M | 2.12 M | 22.1 B | 64.78% |
| Weighting of Top 10 | 53.18% | 18.4% | 79.7% | 27.67% |
Top 10 Holdings
- Eli Lilly Co 9.33%
- UnitedHealth Group Inc 7.32%
- Intuitive Surgical Inc 5.77%
- Boston Scientific Corp 5.26%
- Merck Co Inc 4.78%
- Thermo Fisher Scientific Inc 4.71%
- Vertex Pharmaceuticals Inc 4.63%
- Argenx SE 4.07%
- FIXED INC CLEARING CORP.REPO 4.06%
- ICON PLC 3.23%
Asset Allocation
| Weighting | Return Low | Return High | BHCFX % Rank | |
|---|---|---|---|---|
| Stocks | 95.80% | 87.34% | 106.13% | 82.39% |
| Other | 4.06% | -22.99% | 23.61% | 4.40% |
| Cash | 0.14% | 0.00% | 32.72% | 90.57% |
| Preferred Stocks | 0.00% | 0.00% | 7.86% | 64.15% |
| Convertible Bonds | 0.00% | 0.00% | 0.37% | 49.35% |
| Bonds | 0.00% | 0.00% | 12.39% | 61.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BHCFX % Rank | |
|---|---|---|---|---|
| Healthcare | 96.66% | 59.26% | 100.00% | 90.26% |
| Real Estate | 2.54% | 0.00% | 5.89% | 2.60% |
| Consumer Cyclical | 0.80% | 0.00% | 1.92% | 2.60% |
| Utilities | 0.00% | 0.00% | 0.00% | 45.45% |
| Technology | 0.00% | 0.00% | 22.69% | 49.35% |
| Industrials | 0.00% | 0.00% | 7.02% | 49.35% |
| Financial Services | 0.00% | 0.00% | 1.60% | 62.34% |
| Energy | 0.00% | 0.00% | 0.00% | 45.45% |
| Communication Services | 0.00% | 0.00% | 9.11% | 48.70% |
| Consumer Defense | 0.00% | 0.00% | 25.73% | 52.60% |
| Basic Materials | 0.00% | 0.00% | 7.16% | 64.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BHCFX % Rank | |
|---|---|---|---|---|
| US | 95.80% | 66.06% | 104.41% | 42.77% |
| Non US | 0.00% | 0.00% | 28.87% | 84.91% |
BHCFX - Expenses
Operational Fees
| BHCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.20% | 0.08% | 4.48% | 42.14% |
| Management Fee | 0.75% | 0.03% | 1.25% | 61.64% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.96% |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| BHCFX 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% | 1.00% | N/A |
Trading Fees
| BHCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| BHCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 55.38% | 0.00% | 238.00% | 61.48% |
BHCFX - Distributions
Dividend Yield Analysis
| BHCFX | Category Low | Category High | BHCFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.19% | 0.00% | 6.24% | 64.15% |
Dividend Distribution Analysis
| BHCFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BHCFX | Category Low | Category High | BHCFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.82% | -2.54% | 1.85% | 85.53% |
Capital Gain Distribution Analysis
| BHCFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.039 | OrdinaryDividend |
| Nov 23, 2021 | $0.219 | OrdinaryDividend |
| Sep 23, 2021 | $0.084 | OrdinaryDividend |
| Nov 24, 2020 | $0.186 | OrdinaryDividend |
BHCFX - Fund Manager Analysis
Managers
Neal Kaufman
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
Neal joined Baron in 2005 as a research analyst and has 21 years of research experience. In 2018 he was named portfolio manager of Baron Health Care Fund. From 2001 to 2005, Neal worked at Credit Suisse First Boston as a vice president and managed a portfolio in the Equity Proprietary Trading group. From 1996 to 2001, Neal practiced corporate law in New York. Neal graduated cum laude from Yale College with a B.A. in History in 1993, from Columbia Law School with a J.D. in 1996 and from Columbia Business School with an Executive M.B.A. in 2002.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 24.72 | 7.88 | 0.25 |
