The information contained on this site is intended for institutional investors only, and is published strictly for informational purposes only without regard to the investment objective, financial situation or specific needs of any particular investor. The information is not intended for use by institutional investors in a jurisdiction where distribution or purchase is not authorized.
An institutional investor is one that falls within one or more of the following categories:
If you do not fall within at least one of the above categories you should not access the information contained in the site.
By accessing this site you agree to be subject to the site's Terms of Use
Baron Capital Management, Inc. makes reasonable efforts to ensure the material on the site is as accurate and timely as possible and that disruptions of service are minimal, Baron Capital Management, Inc. makes no warranty or guarantee concerning the availability of this site or the services or the accuracy of the information on it. In addition, the information contained on the site is in no way intended to constitute investment advice, an offer to sell, or a recommendation of any security or investment product. In fact, the products described herein may not be available to, or suitable for, all investors. You should consider, if appropriate, obtaining independent professional advice before making an investment decision. Please consider the charges, risks, expenses and investment objectives carefully before investing. Nothing on this site is intended to constitute legal or tax advice.
Please keep in mind that the opinions and views expressed through the content and commentaries published on the site are just that - opinions and views - and that they are published on the site for informational purposes only. In addition, views and opinions are based on the information available at the time and may not necessarily be shared by Baron Capital Management, Inc., or its employees, in general. As the investing environment changes, so could this information, and Baron Capital Management, Inc. has no responsibility to update it.
Past performance is not a guarantee of future performance. Investment results and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Investors should be aware of the additional risks associated with investments in non-diversification, undervalued or overlooked companies and investments in specific industries. Additional risks may include those associated with investing in foreign securities, emerging markets, and companies with relatively small market capitalizations.
PLEASE CONFIRM
By selecting “I Agree” below, you confirm that you are an institutional investor or consultant to an institutional investor.
PLEASE CONFIRM
The link you have selected is not available within the Institution user experience. You will be switched to view this website as a Financial Advisor.
When you wish to view strategies again, click an 'Institution' link within the 'View As' menu or 'Strategies' in the footer.
PLEASE CONFIRM
By selecting “I Agree” below, you confirm that you are aware that you are leaving baronfunds.com website.
The website expresses the viewpoints and opinions of third parties and not necessarily those of Baron Capital, Inc. Baron Capital does not guarantee its accuracy, completeness, or fairness.
SCT
The Fund invests in companies of any market capitalization that develop or use innovative technologies related in a significant way to financial services. The Fund invests principally in U.S. securities but may invest up to 25% in non-U.S. securities. Non-diversified.
As of Apr 09, 2021
| NAV | $15.39 |
|---|---|
| Daily Change ($) | $0.08 |
| Daily Change (%) | 0.52% |
| YTD | 4.77% |
| Inception Date | 12/31/2019 |
Portfolio Manager
years of exp 15
years at baron 10
Morningstar classifies funds as being large-cap, mid-cap, or small-cap based on the market capitalization of the fund’s stock holdings; and as value, blend, or growth based on the value-growth orientation of the stock holdings. The nine possible combinations of these characteristics correspond to the nine squares of the Morningstar Style Box–size is displayed along the vertical axis and style is displayed along the horizontal axis. Please note that the style boxes indicate the Fund’s equity style, not necessarily its Morningstar Category.
© 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
as of 04/09/21
| NAV | Daily Change ($) | Daily Change (%) | MTD | QTD | YTD |
|---|---|---|---|---|---|
| $15.39 | $0.08 | 0.52% | 6.21% | 6.21% | 4.77% |
as of 03/31/21
| YTD1 | 1 Year | Since Inception | Expense Ratio2 | ||
|---|---|---|---|---|---|
| Gross | Net | ||||
| BFINX - Baron FinTech Fund | -1.36% | 65.60% | 34.54% | 1.87% | 1.20% |
| S&P 500 Index | 6.17% | 56.35% | 20.09% | ||
| FactSet Global FinTech Index | 2.77% | 90.74% | 29.78% | ||
1Not annualized.
2Expense ratios are as of the fiscal year ended 12/31/2019
The 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 reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
| NAV | $15.39 |
|---|---|
| Daily Change ($) | $0.08 |
| Daily Change (%) | 0.52% |
| MTD | 6.21% |
| QTD | 6.21% |
| YTD | 4.77% |
| BFINX - Baron FinTech Fund | S&P 500 Index | FactSet Global FinTech Index | |
|---|---|---|---|
| QTD1 | -0.61% | 1.72% | 3.66% |
| YTD1 | -0.61% | 1.72% | 3.66% |
| 1 Year | 45.27% | 31.29% | 50.30% |
| Since Inception | 38.32% | 17.28% | 33.19% |
| Expense Ratio2 - Gross | 1.87% | ||
| Expense Ratio2 - Net | 1.20% |
*As of 02/28/21
*Annualized as of 03/31/21
1Not annualized.
2Expense ratios are as of the fiscal year ended 12/31/2019
The 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 reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
| BFINX - Baron FinTech Fund | S&P 500 Index | FactSet Global FinTech Index | |
|---|---|---|---|
| YTD1 | -1.36% | 6.17% | 2.77% |
| 1 Year | 65.60% | 56.35% | 90.74% |
| Since Inception | 34.54% | 20.09% | 29.78% |
| Expense Ratio2 - Gross | 1.87% | ||
| Expense Ratio2 - Net | 1.20% |
*As of 03/31/21
*Annualized as of 03/31/21
1Not annualized.
2Expense ratios are as of the fiscal year ended 12/31/2019
The 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 reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
as of 12/31/20
| Baron FinTech Fund | S&P 500 Index | |
|---|---|---|
| Net Assets | $34.09 million | |
| # of Equity Securities / % of Net Assets | 45 / 98.4% | |
| Turnover (1 Year Average) | 8.12% | |
| Active Share | 94.5% | |
| Median Market Cap | $22.75 billion | $25.90 billion |
| Weighted Average Market Cap | $103.91 billion | $490.02 billion |
| EPS Growth (3-5 year forecast) | 20.0% | 12.3% |
| Price/Earnings Ratio (trailing 12- month) | 42.7 | 27.9 |
| Price/Book Ratio | 7.2 | 3.4 |
| Price/Sales Ratio | 8.4 | 2.7 |
Quarterly as of 12/31/20
| Top Contributors | Average Weight | Contribution |
|---|---|---|
| Square, Inc. | 4.10% | 1.27% |
| Adyen N.V. | 4.33% | 1.11% |
| Nuvei Technologies Corp. | 2.64% | 1.00% |
| MercadoLibre, Inc. | 2.29% | 0.97% |
| MSCI, Inc. | 3.66% | 0.92% |
| Prospectus | 02/04/21 |
|---|---|
| Summary Prospectus | 02/04/21 |
| SAI | 01/28/21 |
| Fact Sheet | 12/31/20 |
| Baron Select Funds Annual Financial Report | 12/31/20 |
| 1Q20 Baron Select Funds NPORT | 03/31/20 |
| 3Q20 Baron Select Funds NPORT | 09/30/20 |
Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99BARON or visiting www.BaronFunds.com. Please read them carefully before investing.
Risks: In addition to general market conditions, FinTech Companies may be adversely impacted by government regulations, economic conditions and deterioration in credit markets. The Fund is non-diversified, which means it may have a greater percentage of its assets in a single issuer than a diversified fund. The Fund invests in companies of all sizes, including small and medium sized companies whose securities may be thinly traded and more difficult to sell during market downturns.
The Fund may not achieve its objectives.
Definitions (provided by BAMCO, Inc.): The S&P 500 Index measures the performance of 500 widely held large-cap U.S. companies. The FactSet Global Fintech IndexTM is an unmanaged and equal-weighted index that measures the equity market performance of companies engaged in Financial Technologies, primarily in the areas of software and consulting, data and analytics, digital payment processing, money transfer, and payment transaction-related hardware, across 30 developed and emerging markets. The Fund and the indexes include reinvestment of dividends. The indexes are unmanaged. The index performance is not fund performance; one cannot invest directly into an index.
