Baron Real Estate Fund (BREFX)
Objective and Strategy
The investment goal of Baron Real Estate Fund is capital appreciation.
The Fund invests broadly in real estate businesses with significant growth potential. It maintains exposure across many industries and all capitalization ranges. Non-diversified.
Read Latest Fund Commentary Invest In Baron Funds TodayFund Description
Baron Real Estate Fund invests in securities of real estate and real estate related companies of all sizes.
Fund Resources
Jeff Kolitch on his approach to investing in real estate.
Latest Fact Sheets
Daily Price (NAV)
Prices for May 16 , 2012(BREFX)
| NAV | $14.26 |
|---|---|
| Daily Change ($) | -$0.13 |
| Daily Change (%) | -0.90% |
| MTD | -4.17% |
| YTD | 13.99% |
| 52-Week High | $15.12 |
| 52-Week Low | $10.26 |
Fund Facts
| Inception Date | December 31, 2009 |
|---|---|
| Net Assets^ | $25.04 million |
| CUSIP | 06828M702 |
| Expense Ratio* | 2.33% / 1.35% |
Risk/Reward Comparison
Ratings/Rankings
Morningstar Ratings
This information is not currently available.
Lipper Rankings
Rankings based on total returns as of 3/31/2012Category: Real Estate Funds
| 1 Year | 200 out of 212 funds |
Stylebox
Baron Category: All-Cap Growth
| Large Value | Large Core | Large Growth | Large |
|---|---|---|---|
| Mid Value | Mid Core | Mid Growth | Mid |
| Small Value | Small Core | Small Growth | Small |
| Value | Core | Growth |
Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost. The Adviser has reimbursed certain Fund expenses and the Fund's transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month end, click here.
The Fund may not achieve its objectives.
^All share classes combined. As of most recent month end.
*As of fiscal year ended 12/31/2011 the gross expense ratio of the Fund's Retail Shares was 2.33%, but the net expense ratio was 1.35% (net of the Adviser's fee waiver).
Percentage based on net assets. Current and future portfolio holdings may change over time.
Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard ("GICS"), developed and exclusively owned by MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided "as is" with no warranties.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) © 2012 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods.
Performance Based Characteristics are based on trailing five-year and since-inception periods. Performance statistics for additional periods will be provided on request. Source FactSet SPAR.
Definitions (provided by Baron Capital, Inc.): The indexes are unmanaged. The MSCI USA IMI Extended Real Estate Index Net is a custom index calculated by MSCI for, and as requested by, BAMCO, Inc. The index includes real estate and real estate-related GICS classification securities. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI. The index and the Fund are calculated with dividends net of withholding taxes. The S&P 500 Index measures large companies. The indexes and the Fund include reinvestment of interest, capital gains and dividends, which positively impact the performance results.