Baron Asset Fund (BARAX)
The fund invests for the long term primarily in equity securities in the form of common stock of U.S. mid-sized growth companies. BAMCO, Inc. ("BAMCO" or the "Adviser") defines mid-sized companies as those, at the time of purchase, with market capitalizations above $2.5 billion or the smallest market cap stock in the Russell Midcap Growth Index at reconstitution, whichever is larger, and below the largest market cap stock in the Russell Midcap Growth Index at reconstitution.
Fund Info
| ISIN | US0682781002 |
|---|---|
| CUSIP | 068278100 |
| Issuer | Baron Capital Group, Inc. |
| Inception Date | Jun 12, 1987 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
BARAX has a high expense ratio of 1.29%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BARAX vs. BTU, BARAX vs. VOO, BARAX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baron Asset Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Baron Asset Fund had a return of 15.05% year-to-date (YTD) and 23.85% in the last 12 months. Over the past 10 years, Baron Asset Fund had an annualized return of 5.31%, while the S&P 500 had an annualized return of 11.43%, indicating that Baron Asset Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.05% | 25.82% |
| 1 month | 3.55% | 3.20% |
| 6 months | 12.01% | 14.94% |
| 1 year | 23.85% | 35.92% |
| 5 years (annualized) | 6.04% | 14.22% |
| 10 years (annualized) | 5.31% | 11.43% |
Monthly Returns
The table below presents the monthly returns of BARAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.01% | 4.87% | 2.04% | -7.60% | 2.43% | 1.88% | 2.69% | 2.30% | 3.06% | -1.95% | 15.05% | ||
| 2023 | 6.48% | -2.68% | 1.59% | -1.04% | -0.41% | 5.08% | 2.76% | -1.84% | -5.30% | -5.14% | 11.02% | 2.93% | 12.89% |
| 2022 | -13.84% | -3.92% | 3.21% | -11.22% | -3.86% | -7.61% | 10.64% | -3.79% | -8.05% | 9.27% | 7.21% | -4.27% | -26.06% |
| 2021 | -3.20% | 4.89% | -2.58% | 6.94% | -1.63% | 4.51% | 3.18% | 1.77% | -4.96% | 6.53% | -12.22% | 4.14% | 5.71% |
| 2020 | 2.33% | -6.75% | -12.69% | 13.54% | 9.94% | 2.51% | 7.42% | 2.36% | -1.45% | -2.35% | 8.87% | 4.89% | 28.79% |
| 2019 | 9.11% | 6.69% | 3.38% | 5.24% | -2.55% | 7.11% | 0.69% | -0.94% | -2.20% | 1.39% | 2.60% | 0.79% | 35.20% |
| 2018 | 7.15% | -3.77% | 1.45% | 0.03% | 3.90% | 1.70% | 3.50% | 4.40% | -0.00% | -9.33% | -3.26% | -10.66% | -6.38% |
| 2017 | 3.51% | 5.32% | 0.97% | 3.14% | 3.26% | 1.08% | 2.03% | -0.53% | 1.80% | 2.95% | -5.06% | -1.60% | 17.72% |
| 2016 | -8.05% | -0.38% | 7.43% | 0.04% | 3.02% | -0.35% | 4.02% | 1.85% | -0.83% | -3.77% | -0.84% | 0.02% | 1.33% |
| 2015 | -2.73% | 5.29% | 1.00% | -1.76% | 2.02% | 0.47% | 1.82% | -6.40% | -3.79% | 5.34% | 1.22% | -11.97% | -10.37% |
| 2014 | -2.61% | 6.65% | -3.15% | -2.15% | 2.42% | 3.36% | -2.47% | 4.82% | -3.61% | 4.58% | 1.82% | -6.07% | 2.69% |
| 2013 | 7.36% | 2.36% | 3.91% | 0.16% | 1.25% | -0.72% | 4.93% | -1.19% | 5.32% | 4.04% | -6.20% | 3.66% | 27.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BARAX is 31, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baron Asset Fund (BARAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baron Asset Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Asset Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Baron Asset Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baron Asset Fund was 61.00%, occurring on Mar 9, 2009. Recovery took 2100 trading sessions.
The current Baron Asset Fund drawdown is 12.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61% | Nov 1, 2007 | 338 | Mar 9, 2009 | 2100 | Jul 12, 2017 | 2438 |
| -54.59% | Mar 27, 2000 | 739 | Mar 12, 2003 | 1060 | May 31, 2007 | 1799 |
| -42.02% | Nov 17, 2021 | 146 | Jun 16, 2022 | — | — | — |
| -41.71% | Sep 5, 1989 | 291 | Oct 16, 1990 | 347 | Feb 12, 1992 | 638 |
| -38.2% | Apr 6, 1998 | 134 | Oct 8, 1998 | 124 | Mar 31, 1999 | 258 |
Volatility
Volatility Chart
The current Baron Asset Fund volatility is 3.90%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.