BREFX: Baron Real Estate Retail

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BREFX Baron Real Estate Retail


Profile

BREFX - Profile

Vitals

  • YTD Return -4.5%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $626 M
  • Holdings in Top 10 45.0%

52 WEEK LOW AND HIGH

$25.01
$24.19
$28.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.47%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -4.5%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Baron Real Estate Fund
  • Fund Family Name
    Baron Capital Group
  • Inception Date
    Dec 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Kolitch

Fund Description

The fund normally invests 80% of its net assets for the long term in equity securities in the form of common stock of U.S. and non-U.S. real estate and real estate-related companies of any market capitalization, and in companies which, in the opinion of the Adviser, own significant real estate assets at the time of investment ("real estate companies"). It will invest more than 25% of its net assets in the real estate industry.


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Categories

Performance

BREFX - Performance

Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -3.5% 6.6% 93.80%
1 Yr 2.2% -28.1% 35.8% 60.90%
3 Yr 0.1%* -18.2% 10.8% 56.96%
5 Yr -1.4%* -15.8% 8.3% 48.50%
10 Yr N/A* -3.8% 13.6% 2.17%

* Annualized

Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -22.7% 43.1% 9.77%
2018 -29.8% -44.0% 2.2% 97.62%
2017 25.0% -16.4% 25.4% 1.32%
2016 -2.4% -28.0% 12.5% 51.85%
2015 -6.5% -19.4% 2.4% 66.16%

Total Return Ranking - Trailing

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -3.5% 6.6% 93.80%
1 Yr 2.2% -28.1% 35.8% 60.90%
3 Yr 1.7%* -17.6% 10.8% 68.70%
5 Yr 0.0%* -13.2% 8.3% 75.00%
10 Yr N/A* -2.0% 13.6% 2.17%

* Annualized

Total Return Ranking - Calendar

Period BREFX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -22.7% 43.1% 9.77%
2018 -29.8% -43.3% 3.3% 99.21%
2017 31.1% -13.6% 31.4% 1.32%
2016 -2.0% -12.3% 12.5% 83.80%
2015 -4.7% -15.2% 7.7% 78.28%

NAV & Total Return History


Holdings

BREFX - Holdings

Concentration Analysis

BREFX Category Low Category High BREFX % Rank
Net Assets 626 M 2.13 M 71.3 B 37.40%
Number of Holdings 44 20 711 58.18%
Net Assets in Top 10 279 M 963 K 29.7 B 36.00%
Weighting of Top 10 45.04% 10.9% 95.6% 55.22%

Top 10 Holdings

  1. CBRE Group Inc Class A 7.15%
  2. GDS Holdings Ltd ADR 5.21%
  3. Equinix Inc 4.89%
  4. MGM Resorts International 4.74%
  5. InterXion Holding NV 4.49%
  6. Brookfield Asset Management Inc Class A 4.36%
  7. Lowe's Companies Inc 3.89%
  8. Royal Caribbean Cruises Ltd 3.54%
  9. Norwegian Cruise Line Holdings Ltd 3.42%
  10. Masco Corp 3.36%

Asset Allocation

Weighting Return Low Return High BREFX % Rank
Stocks
98.71% 6.42% 124.18% 49.45%
Cash
1.29% -106.75% 19.21% 40.00%
Preferred Stocks
0.00% 0.00% 47.46% 100.00%
Other
0.00% -2.97% 88.65% 95.64%
Convertible Bonds
0.00% 0.00% 6.51% 100.00%
Bonds
0.00% -0.38% 97.77% 99.64%

Stock Sector Breakdown

Weighting Return Low Return High BREFX % Rank
Real Estate
38.43% 38.43% 100.00% 100.00%
Consumer Cyclical
33.77% 0.00% 33.77% 1.12%
Technology
9.83% 0.00% 15.26% 3.37%
Industrials
9.08% 0.00% 10.92% 1.50%
Financial Services
4.42% 0.00% 7.44% 4.49%
Basic Materials
3.19% 0.00% 5.72% 1.50%
Communication Services
1.28% 0.00% 9.00% 1.87%
Utilities
0.00% 0.00% 6.28% 100.00%
Healthcare
0.00% 0.00% 4.80% 100.00%
Energy
0.00% 0.00% 3.80% 100.00%
Consumer Defense
0.00% 0.00% 0.25% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High BREFX % Rank
US
89.14% 6.42% 124.18% 80.36%
Non US
9.57% 0.00% 31.90% 4.36%

Expenses

BREFX - Expenses

Operational Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.07% 19.12% 51.55%
Management Fee 1.00% 0.00% 1.50% 88.00%
12b-1 Fee 0.25% 0.00% 1.00% 60.56%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.47% 3.00% 257.00% 55.34%

Distributions

BREFX - Distributions

Dividend Yield Analysis

BREFX Category Low Category High BREFX % Rank
Dividend Yield 0.00% 0.00% 6.30% 100.00%

Dividend Distribution Analysis

BREFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

BREFX Category Low Category High BREFX % Rank
Net Income Ratio -0.10% -0.10% 5.67% 100.00%

Capital Gain Distribution Analysis

BREFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BREFX - Fund Manager Analysis

Managers

Jeffrey Kolitch


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.09

10.1%

Jeffrey A. Kolitch joined BAMCO in 2005 to develop a real estate growth strategy. From 1995 until 2005, Mr. Kolitch worked at Goldman Sachs & Co., starting as an associate in the Equities Division where he became a Vice President in 1999. In 2000, he was selected to join the Equity Capital Markets Group as a Vice President in New York, and in 2002, Mr. Kolitch was named a Managing Director in Hong Kong. From 2004 until 2005, he served as a Managing Director in Goldman Sachs’ Equity Capital Markets Group in New York. Mr. Kolitch graduated from the Wharton School, University of Pennsylvania with a B.S. in Economics in 1990, and from the Kellogg Graduate School of Management, Northwestern University with a Masters of Management in 1995.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.09 7.98 0.2