Baron Technology Fund (BTECX)
The mutual fund primarily invests in U.S. and non-U.S. technology companies with an emphasis on durable growth potential. It limits non-U.S. investments to 35% of total assets and is considered non-diversified.
Fund Info
| ISIN | US06828M5610 |
|---|---|
| Issuer | Baron Capital Group, Inc. |
| Inception Date | Dec 30, 2021 |
| Category | Technology Equities |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
BTECX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BTECX vs. TECL, BTECX vs. PRWAX, BTECX vs. PRSCX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baron Technology 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 Technology Fund had a return of 22.31% year-to-date (YTD) and 40.35% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 22.31% | 18.13% |
| 1 month | 0.82% | 1.45% |
| 6 months | 9.66% | 8.81% |
| 1 year | 40.35% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of BTECX, 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 | 3.52% | 9.02% | 1.66% | -5.46% | 4.36% | 8.54% | -2.42% | 1.65% | 22.31% | ||||
| 2023 | 14.54% | 1.10% | 5.74% | -4.25% | 14.70% | 6.28% | 5.15% | -2.87% | -5.90% | -3.92% | 16.46% | 6.31% | 63.38% |
| 2022 | -4.89% | -4.69% | 0.24% | -15.31% | -4.10% | -8.84% | 11.95% | -2.89% | -12.18% | 2.37% | 0.99% | -8.84% | -39.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTECX is 53, 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 Technology Fund (BTECX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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 Technology 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 Technology Fund was 43.18%, occurring on Jan 5, 2023. Recovery took 260 trading sessions.
The current Baron Technology Fund drawdown is 5.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.18% | Jan 13, 2022 | 246 | Jan 5, 2023 | 260 | Jan 19, 2024 | 506 |
| -16.14% | Jul 11, 2024 | 18 | Aug 5, 2024 | — | — | — |
| -9.54% | Apr 12, 2024 | 6 | Apr 19, 2024 | 25 | May 24, 2024 | 31 |
| -4.64% | Mar 8, 2024 | 6 | Mar 15, 2024 | 18 | Apr 11, 2024 | 24 |
| -3.74% | May 29, 2024 | 3 | May 31, 2024 | 3 | Jun 5, 2024 | 6 |
Volatility
Volatility Chart
The current Baron Technology Fund volatility is 7.73%, 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.