Prices & Performance: Baron FinTech Fund (BFIUX)

Prices

as of 06/30/22

scroll to view all
NAV Daily Change ($) Daily Change (%) MTD QTD YTD
$10.98 -$0.17 -1.52% -8.58% -22.40% -35.34%

Performance

as of 03/31/22

scroll to view all
YTD1 1 Year Since Inception Expense Ratio2
Gross Net
BFIUX - Baron FinTech Fund - R6 -16.67% -2.62% 16.68% 2.33% 0.95%
S&P 500 Index -4.60% 15.65% 18.09%
FactSet Global FinTech Index -12.78% -18.28% 5.66%

1Not annualized.

2Expense ratios are as of the fiscal year ended 12/31/2020

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, 2032, 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.

The Fund's 4Q 2021 and 1-year historical performance was impacted by gains from IPOs and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs will be the same in the future.

NAV $10.98
Daily Change ($) -$0.17
Daily Change (%) -$0.17
MTD -8.58%
QTD -22.40%
YTD -35.34%
scroll to view all
BFIUX - Baron FinTech Fund - R6 S&P 500 Index FactSet Global FinTech Index
QTD1 -15.12% -8.55% -12.15%
YTD1 -29.27% -12.76% -23.38%
1 Year -23.11% -0.30% -31.02%
Since Inception 7.87% 12.51% -0.23%
Expense Ratio2 - Gross 1.18%
Expense Ratio2 - Net 0.95%

*As of 05/31/22

*Annualized as of 05/31/22

1Not annualized.

2Expense ratios are as of the fiscal year ended 12/31/2020

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, 2032, 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.

The Fund's 4Q 2021 and 1-year historical performance was impacted by gains from IPOs and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs will be the same in the future.

scroll to view all
BFIUX - Baron FinTech Fund - R6 S&P 500 Index FactSet Global FinTech Index
YTD1 -16.67% -4.60% -12.78%
1 Year -2.62% 15.65% -18.28%
Since Inception 16.68% 18.09% 5.66%
Expense Ratio2 - Gross 2.33%
Expense Ratio2 - Net 0.95%

*As of 03/31/22

*Annualized as of 05/31/22

1Not annualized.

2Expense ratios are as of the fiscal year ended 12/31/2020

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, 2032, 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.

The Fund's 4Q 2021 and 1-year historical performance was impacted by gains from IPOs and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs will be the same in the future.

Portfolio Characteristics

as of 03/31/22

Baron FinTech Fund S&P 500 Index
Net Assets$52.01 million
# of Issuers / % of Net Assets47 / 97.3%
Turnover (2 Year Average)21.63%
Active Share95.3%
Median Market Cap$14.61 billion$32.19 billion
Weighted Average Market Cap$88.62 billion$647.61 billion
EPS Growth (3-5 year forecast)14.3%13.9%
Price/Earnings Ratio (trailing 12- month)37.221.1
Price/Book Ratio5.83.7
Price/Sales Ratio6.22.7

Contributors/Detractors

Quarterly as of 03/31/22

Top Contributors Average Weight Contribution
LPL Financial Holdings Inc. 3.19% 0.49%
Nuvei Corporation 1.85% 0.42%
Fair Isaac Corporation 3.04% 0.22%
Visa, Inc. 4.30% 0.21%
CI&T Inc 0.84% 0.20%

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.