Baron Durable Advantage Fund (BDAIX)
The fund invests primarily in equity securities in the form of common stock of U.S. large-sized companies. The Adviser seeks to invest primarily in what the advisor believes are unique, well-managed, competitively advantaged businesses that generate significant excess free cash flow that is consistently returned to shareholders in the form of stock buybacks and/or dividends.
Share Price Chart
Loading data...
Performance
The chart shows the growth of $10,000 invested in Baron Durable Advantage Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $17,211 for a total return of roughly 72.11%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Baron Durable Advantage Fund had a return of 10.31% year-to-date (YTD) and -4.25% in the last 12 months. Over the past 10 years, Baron Durable Advantage Fund had an annualized return of 11.00%, outperforming the S&P 500 benchmark which had an annualized return of 7.62%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -3.00% | -5.31% |
| Year-To-Date | 10.31% | 2.01% |
| 6 months | 6.20% | 0.39% |
| 1 year | -4.25% | -10.12% |
| 5 years (annualized) | 10.19% | 7.32% |
| 10 years (annualized) | 11.00% | 7.62% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 10.05% | -1.52% | ||||||||||
| 2022 | -9.63% | 4.59% | 6.51% | -6.05% |
Dividend History
Baron Durable Advantage Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.07 | $0.02 | $0.00 | $0.03 |
Dividend yield | 0.00% | 0.00% | 0.33% | 0.12% | 0.00% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Durable Advantage 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.03 | $0.00 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Baron Durable Advantage Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Baron Durable Advantage Fund is 33.57%, recorded on Mar 23, 2020. It took 82 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.57% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -30.25% | Dec 28, 2021 | 202 | Oct 14, 2022 | — | — | — |
| -19.7% | Sep 21, 2018 | 65 | Dec 24, 2018 | 70 | Apr 5, 2019 | 135 |
| -9.74% | Jan 29, 2018 | 9 | Feb 8, 2018 | 115 | Jul 25, 2018 | 124 |
| -8.34% | Sep 3, 2020 | 15 | Sep 24, 2020 | 30 | Nov 5, 2020 | 45 |
| -6.87% | Sep 2, 2021 | 22 | Oct 4, 2021 | 15 | Oct 25, 2021 | 37 |
| -5.56% | May 6, 2019 | 20 | Jun 3, 2019 | 5 | Jun 10, 2019 | 25 |
| -5.33% | Jul 29, 2019 | 6 | Aug 5, 2019 | 22 | Sep 5, 2019 | 28 |
| -5.02% | Feb 16, 2021 | 13 | Mar 4, 2021 | 16 | Mar 26, 2021 | 29 |
| -4.81% | Apr 30, 2021 | 9 | May 12, 2021 | 20 | Jun 10, 2021 | 29 |
Volatility Chart
Current Baron Durable Advantage Fund volatility is 28.33%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.