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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Baron Discovery Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $29,065 for a total return of roughly 190.65%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Baron Discovery Fund had a return of 7.26% year-to-date (YTD) and -17.78% in the last 12 months. Over the past 10 years, Baron Discovery Fund had an annualized return of 11.94%, outperforming the S&P 500 benchmark which had an annualized return of 9.46%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -8.44% | -3.13% |
| Year-To-Date | 7.26% | 2.92% |
| 6 months | 0.66% | 2.02% |
| 1 year | -17.78% | -11.46% |
| 5 years (annualized) | 8.67% | 7.79% |
| 10 years (annualized) | 11.94% | 9.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 14.35% | 0.80% | ||||||||||
| 2022 | -8.40% | 7.28% | -0.37% | -6.24% |
Dividend History
Baron Discovery 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 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $1.29 | $1.06 | $0.03 | $1.50 | $0.04 | $0.27 |
Dividend yield | 0.00% | 0.00% | 3.68% | 3.16% | 0.14% | 9.41% | 0.24% | 2.28% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 |
| 2016 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 Discovery 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 Discovery Fund is 46.39%, recorded on Jun 16, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.39% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -38.85% | Feb 21, 2020 | 19 | Mar 18, 2020 | 55 | Jun 5, 2020 | 74 |
| -37.08% | Apr 17, 2015 | 208 | Feb 11, 2016 | 255 | Feb 15, 2017 | 463 |
| -30.74% | Sep 5, 2018 | 77 | Dec 24, 2018 | 283 | Feb 10, 2020 | 360 |
| -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 |
| -8.72% | Jun 9, 2020 | 3 | Jun 11, 2020 | 15 | Jul 2, 2020 | 18 |
| -7.52% | Oct 14, 2020 | 13 | Oct 30, 2020 | 4 | Nov 5, 2020 | 17 |
| -7.38% | Sep 3, 2020 | 15 | Sep 24, 2020 | 9 | Oct 7, 2020 | 24 |
| -7.14% | Jul 27, 2017 | 11 | Aug 10, 2017 | 21 | Sep 11, 2017 | 32 |
Volatility Chart
Current Baron Discovery Fund volatility is 29.81%. 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.