Baron Discovery Fund (BDFIX)
The investment seeks capital appreciation through investments primarily in securities of small-sized growth companies. The fund is a diversified fund that invests for the long term primarily in equity securities in the form of common stock of U.S. small-sized growth companies. The Adviser seeks to invest in businesses the advisor believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
Fund Info
US0682788528
068278852
Sep 30, 2013
$1,000,000
Small-Cap
Growth
Expense Ratio
BDFIX has a high expense ratio of 1.05%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baron Discovery 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 Discovery Fund (BDFIX) returned -4.79% year-to-date (YTD) and 15.84% over the past 12 months. Over the past 10 years, BDFIX returned 8.45% annually, underperforming the S&P 500 benchmark at 10.23%.
BDFIX
-4.79%
1.47%
-0.39%
15.84%
9.67%
8.45%
^GSPC (Benchmark)
-5.31%
-0.76%
-4.21%
10.59%
14.55%
10.23%
Monthly Returns
The table below presents the monthly returns of BDFIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 8.44% | -4.73% | -9.18% | 1.47% | -4.79% | ||||||||
| 2024 | -2.18% | 6.68% | 0.21% | -8.60% | 1.53% | -0.63% | 5.70% | 4.62% | 2.68% | -0.36% | 14.46% | -6.89% | 16.28% |
| 2023 | 14.35% | 0.80% | -3.53% | -4.33% | 0.53% | 7.69% | 4.07% | -2.59% | -6.63% | -9.88% | 13.54% | 9.89% | 22.58% |
| 2022 | -18.20% | 1.32% | 0.99% | -12.25% | -6.18% | -6.06% | 9.34% | -0.16% | -8.40% | 7.28% | -0.37% | -6.24% | -35.12% |
| 2021 | 3.68% | 5.16% | -1.42% | 5.43% | -4.19% | 5.00% | -1.36% | 0.69% | -4.37% | 3.74% | -10.03% | 0.17% | 1.24% |
| 2020 | 0.37% | -1.98% | -18.64% | 15.52% | 15.63% | 4.15% | 10.12% | 8.10% | -0.17% | -0.38% | 10.86% | 9.96% | 60.69% |
| 2019 | 11.70% | 8.38% | -1.11% | 3.23% | -8.85% | 7.43% | -0.19% | -5.43% | 0.82% | 3.76% | 5.24% | 0.74% | 26.68% |
| 2018 | 4.48% | -5.60% | 0.11% | 1.49% | 11.23% | 3.48% | 3.13% | 13.32% | -2.59% | -12.61% | -7.76% | -11.77% | -6.61% |
| 2017 | 3.04% | 4.03% | 4.22% | 2.65% | 3.75% | 4.79% | 0.65% | 0.47% | 4.23% | 0.62% | 2.96% | -0.22% | 35.84% |
| 2016 | -11.01% | -0.50% | 8.16% | 3.59% | 3.55% | 0.34% | 8.12% | 1.90% | 4.73% | -5.48% | 6.03% | -0.22% | 18.94% |
| 2015 | -2.26% | 7.93% | 1.21% | -2.61% | -2.53% | 3.57% | -2.58% | -6.63% | -11.83% | 1.61% | 1.14% | -1.22% | -14.53% |
| 2014 | 2.23% | 7.04% | -0.31% | -8.01% | 0.94% | 9.48% | -6.80% | 3.98% | -6.62% | 5.04% | 3.25% | 4.57% | 13.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BDFIX is 56, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baron Discovery Fund (BDFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baron Discovery Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Discovery 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 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 | $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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $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 |
| 2020 | $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 |
| 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 | $0.00 |
| 2018 | $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 |
| 2017 | $0.04 | $0.00 | $0.04 |
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 Discovery 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 Discovery Fund was 48.23%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Baron Discovery Fund drawdown is 24.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.23% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -40.61% | Sep 5, 2018 | 386 | Mar 18, 2020 | 75 | Jul 6, 2020 | 461 |
| -37.07% | Apr 17, 2015 | 208 | Feb 11, 2016 | 275 | Mar 16, 2017 | 483 |
| -17.62% | Mar 19, 2014 | 145 | Oct 13, 2014 | 79 | Feb 5, 2015 | 224 |
| -12.1% | Jan 29, 2018 | 9 | Feb 8, 2018 | 63 | May 10, 2018 | 72 |
Volatility
Volatility Chart
The current Baron Discovery Fund volatility is 15.72%, 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.