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Baron Focused Growth Fund
mutual fund
BFGIX
Payout Change
Pending
Price as of:
$49.91
+0.33
+0.67%
primary theme
U.S. Mid-Cap Growth Equity
share class
BFGIX (Mutual Fund)
Baron Focused Growth Fund
Payout Change
Pending
Price as of:
$49.91
+0.33
+0.67%
primary theme
U.S. Mid-Cap Growth Equity
share class
BFGIX (Mutual Fund)
Baron Focused Growth Fund
Payout Change
Pending
Price as of:
$49.91
+0.33
+0.67%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/20/2024Price
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
31.0%
1 yr return
30.9%
3 Yr Avg Return
8.1%
5 Yr Avg Return
26.3%
Net Assets
$1.39 B
Holdings in Top 10
53.7%
52 WEEK LOW AND HIGH
$49.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.28%
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 12/20/2024Price
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
BFGIX - Profile
Distributions
- YTD Total Return 31.0%
- 3 Yr Annualized Total Return 8.1%
- 5 Yr Annualized Total Return 26.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameBaron Focused Growth Fund
-
Fund Family NameBARONFUNDS
-
Inception DateMay 29, 2009
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRonald Baron
Fund Description
The Fund is a non‑diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. small- and mid‑sized growth companies. The Adviser defines small- and mid‑sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell Midcap Growth Index at reconstitution. 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 original market cap ranges.
BFGIX - Performance
Return Ranking - Trailing
| Period | BFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.0% | -2.0% | 90.1% | 9.51% |
| 1 Yr | 30.9% | -2.3% | 86.3% | 7.96% |
| 3 Yr | 8.1%* | -14.9% | 58.0% | 8.43% |
| 5 Yr | 26.3%* | -2.9% | 101.0% | 1.04% |
| 10 Yr | 18.4%* | 2.3% | 24.4% | 1.92% |
* Annualized
Return Ranking - Calendar
| Period | BFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.8% | -27.7% | 68.0% | 8.37% |
| 2022 | -35.3% | -85.6% | 52.8% | 75.34% |
| 2021 | 3.4% | -74.9% | 238.3% | 35.89% |
| 2020 | 115.6% | -44.1% | 2474.5% | 3.33% |
| 2019 | 28.0% | -50.2% | 44.0% | 38.49% |
Total Return Ranking - Trailing
| Period | BFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.0% | -2.0% | 90.1% | 9.51% |
| 1 Yr | 30.9% | -2.3% | 86.3% | 7.96% |
| 3 Yr | 8.1%* | -14.9% | 58.0% | 8.43% |
| 5 Yr | 26.3%* | -2.9% | 101.0% | 1.04% |
| 10 Yr | 18.4%* | 2.3% | 24.4% | 1.92% |
* Annualized
Total Return Ranking - Calendar
| Period | BFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.8% | -26.1% | 68.0% | 9.73% |
| 2022 | -28.1% | -67.0% | 56.8% | 51.27% |
| 2021 | 19.2% | -23.5% | 342.2% | 19.76% |
| 2020 | 122.7% | 2.6% | 2549.1% | 3.54% |
| 2019 | 30.3% | 14.6% | 44.8% | 76.56% |
NAV & Total Return History
BFGIX - Holdings
Concentration Analysis
| BFGIX | Category Low | Category High | BFGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.39 B | 2.73 M | 100 B | 44.38% |
| Number of Holdings | 35 | 24 | 3569 | 90.89% |
| Net Assets in Top 10 | 882 M | 635 K | 11.3 B | 29.26% |
| Weighting of Top 10 | 53.67% | 4.5% | 97.8% | 8.91% |
Top 10 Holdings
- Tesla Inc 9.79%
- Arch Capital Group Ltd 6.13%
- Spotify Technology SA 5.88%
- Guidewire Software Inc 5.86%
- On Holding AG 4.69%
- Hyatt Hotels Corp 4.63%
- Interactive Brokers Group Inc 4.58%
- SPACE EXPLORATION TECHNOLOGIES 4.29%
- Vail Resorts Inc 4.23%
- Red Rock Resorts Inc 3.59%
Asset Allocation
| Weighting | Return Low | Return High | BFGIX % Rank | |
|---|---|---|---|---|
| Stocks | 93.19% | 58.72% | 103.99% | 93.41% |
| Preferred Stocks | 4.81% | 0.00% | 6.15% | 1.16% |
| Other | 1.94% | -0.11% | 14.45% | 7.56% |
| Cash | 0.06% | 0.00% | 28.07% | 89.73% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 99.22% |
| Bonds | 0.00% | 0.00% | 2.73% | 56.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BFGIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 57.41% | 0.00% | 57.41% | 0.39% |
| Financial Services | 17.16% | 0.00% | 43.01% | 9.11% |
| Communication Services | 7.66% | 0.00% | 18.33% | 7.95% |
| Real Estate | 7.00% | 0.00% | 19.28% | 12.40% |
| Technology | 5.86% | 0.04% | 62.17% | 97.48% |
| Industrials | 2.83% | 0.00% | 38.23% | 93.80% |
| Consumer Defense | 2.07% | 0.00% | 16.40% | 53.49% |
| Utilities | 0.00% | 0.00% | 12.94% | 98.64% |
| Healthcare | 0.00% | 0.00% | 37.06% | 100.00% |
| Energy | 0.00% | 0.00% | 62.10% | 98.84% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 98.84% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BFGIX % Rank | |
|---|---|---|---|---|
| US | 93.19% | 46.79% | 103.99% | 82.95% |
| Non US | 0.00% | 0.00% | 34.12% | 63.37% |
BFGIX - Expenses
Operational Fees
| BFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.06% | 0.02% | 17.54% | 48.45% |
| Management Fee | 1.00% | 0.00% | 1.50% | 94.56% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.13% |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| BFGIX 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
| BFGIX 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.
| BFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.28% | 0.00% | 250.31% | 58.28% |
BFGIX - Distributions
Dividend Yield Analysis
| BFGIX | Category Low | Category High | BFGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 61.43% |
Dividend Distribution Analysis
| BFGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BFGIX | Category Low | Category High | BFGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.24% | 2.75% | 72.83% |
Capital Gain Distribution Analysis
| BFGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2022 | $3.514 | CapitalGainLongTerm |
| Nov 23, 2021 | $5.501 | CapitalGainLongTerm |
| Sep 23, 2021 | $1.415 | CapitalGainLongTerm |
| Nov 24, 2020 | $0.984 | CapitalGainLongTerm |
| Sep 24, 2020 | $0.254 | CapitalGainLongTerm |
| Nov 26, 2019 | $0.359 | CapitalGainLongTerm |
| Sep 25, 2018 | $0.169 | CapitalGainLongTerm |
| Nov 28, 2017 | $0.165 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.002 | ExtraDividend |
| Sep 28, 2017 | $0.160 | CapitalGainLongTerm |
| Nov 29, 2016 | $0.182 | CapitalGainLongTerm |
| Oct 06, 2016 | $0.566 | CapitalGainLongTerm |
| Dec 03, 2015 | $0.257 | CapitalGainLongTerm |
| Sep 24, 2015 | $0.058 | ExtraDividend |
| Sep 24, 2015 | $0.482 | CapitalGainLongTerm |
| Dec 02, 2014 | $0.074 | CapitalGainLongTerm |
| Sep 23, 2014 | $0.012 | ExtraDividend |
| Sep 26, 2013 | $0.198 | ExtraDividend |
| Dec 14, 2010 | $0.326 | OrdinaryDividend |
| Dec 29, 2009 | $0.126 | OrdinaryDividend |
BFGIX - Fund Manager Analysis
Managers
Ronald Baron
Start Date
Tenure
Tenure Rank
Jun 30, 2008
13.93
13.9%
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.
David Baron
Start Date
Tenure
Tenure Rank
Aug 28, 2018
3.76
3.8%
David joined Baron in 2005 as a research analyst and has 20 years of research experience. In 2018, he was named co-portfolio manager of Baron Focused Growth Fund. From 2002 to 2005, David worked at Jefferies Group as a gaming analyst. David graduated from Emory University with a B.B.A. in Finance in 2002 and from Columbia Business School with an M.B.A. in 2009.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
