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
| ISIN | US0682788528 |
|---|---|
| CUSIP | 068278852 |
| Issuer | Baron Capital Group, Inc. |
| Inception Date | Sep 30, 2013 |
| Category | Small Cap Growth Equities |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
The Baron Discovery Fund has a high expense ratio of 1.05%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BDFIX vs. IJR, BDFIX vs. AVUV
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 had a return of -5.64% year-to-date (YTD) and 5.42% in the last 12 months. Over the past 10 years, Baron Discovery Fund had an annualized return of 10.24%, which was very close to the S&P 500 benchmark's annualized return of 10.42%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -5.64% | 5.05% |
| 1 month | -8.17% | -4.27% |
| 6 months | 13.53% | 18.82% |
| 1 year | 5.42% | 21.22% |
| 5 years (annualized) | 6.34% | 11.38% |
| 10 years (annualized) | 10.24% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.18% | 6.68% | 0.21% | |||||||||
| 2023 | -6.63% | -9.88% | 13.54% | 9.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Baron Discovery Fund(BDFIX)
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 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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.29 | $1.06 | $0.03 | $1.50 | $0.04 | $0.27 |
Dividend yield | 0.00% | 0.00% | 0.00% | 3.68% | 3.05% | 0.13% | 8.78% | 0.21% | 1.97% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 46.39%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Baron Discovery Fund drawdown is 33.50%.
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 |
Volatility
Volatility Chart
The current Baron Discovery Fund volatility is 5.04%, 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.