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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.08

$148 M

2.09%

$0.29

1.32%

Vitals

YTD Return

-1.4%

1 yr return

5.8%

3 Yr Avg Return

-3.3%

5 Yr Avg Return

7.7%

Net Assets

$148 M

Holdings in Top 10

57.3%

52 WEEK LOW AND HIGH

$14.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 96.59%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.08

$148 M

2.09%

$0.29

1.32%

BRIFX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Baron Real Estate Income Fund
  • Fund Family Name
    BARONFUNDS
  • Inception Date
    Dec 29, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Kolitch

Fund Description

The Fund is a non‑diversified fund that under normal circumstances, invests at least 80% of its net assets in real estate income-producing securities and other real estate securities of any market capitalization, including common stocks and equity securities, debt and preferred securities, non‑U.S. real estate income-producing securities, and any other real estate-related yield securities, however, investments in non-U.S. securities are limited to 35% of the Fund’s total assets at the time of purchase. The Fund may invest in debt securities that have a rating of, or equivalent to, at least “BBB” by S&P Global Ratings or “Baa” by Moody’s Investors Services, Inc., or if unrated, are judged by the Adviser to be of comparable quality. The Fund may invest up to 35% of its total assets in such securities. Some debt securities purchased by the Fund may have very long maturities. The length of time remaining until maturity is one factor that the Adviser considers in purchasing a particular debt security.
The Fund is likely to maintain a significant portion of its assets in real estate investment trusts (“REITs”). REITs pool money to invest in properties (“equity REITs”) or mortgages (“mortgage REITs”), and their revenue primarily consists of rent derived from owned, income producing real estate properties, and capital gains from the sale of such properties. The Fund generally invests in equity REITs.
The Adviser seeks to invest in businesses it believes have sustainable competitive advantages, exceptional management, opportunities for growth, and an attractive valuation.
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BRIFX - Performance

Return Ranking - Trailing

Period BRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -12.7% 5.3% 24.24%
1 Yr 5.8% -20.2% 10.3% 31.82%
3 Yr -3.3%* -14.8% 9.3% 75.88%
5 Yr 7.7%* -11.9% 13.3% 2.54%
10 Yr N/A* -2.8% 13.8% N/A

* Annualized

Return Ranking - Calendar

Period BRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% -17.6% 24.6% 5.70%
2022 -29.0% -51.3% 2.7% 29.77%
2021 27.3% -7.7% 52.3% 67.70%
2020 20.9% -42.2% 35.0% 2.48%
2019 35.0% -0.8% 43.1% 2.15%

Total Return Ranking - Trailing

Period BRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -12.7% 5.3% 24.24%
1 Yr 5.8% -20.2% 10.3% 31.82%
3 Yr -3.3%* -14.8% 9.3% 75.88%
5 Yr 7.7%* -11.9% 13.3% 2.54%
10 Yr N/A* -2.8% 13.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 15.1% -14.0% 25.0% 11.79%
2022 -27.6% -40.7% 7.8% 73.66%
2021 29.2% 7.8% 54.6% 81.32%
2020 22.0% -36.6% 44.3% 3.31%
2019 36.2% 3.4% 46.4% 5.15%

NAV & Total Return History


BRIFX - Holdings

Concentration Analysis

BRIFX Category Low Category High BRIFX % Rank
Net Assets 148 M 2.26 M 63.6 B 66.41%
Number of Holdings 36 18 513 61.36%
Net Assets in Top 10 86 M 655 K 30.4 B 65.91%
Weighting of Top 10 57.33% 16.9% 86.8% 35.23%

Top 10 Holdings

  1. Prologis Inc 9.77%
  2. Welltower Inc 7.48%
  3. Equinix Inc 7.09%
  4. American Tower Corp 5.77%
  5. Equity Residential 4.79%
  6. Toll Brothers Inc 4.62%
  7. Invitation Homes Inc 4.60%
  8. Digital Realty Trust Inc 4.50%
  9. Wynn Resorts Ltd 4.38%
  10. American Homes 4 Rent 4.32%

Asset Allocation

Weighting Return Low Return High BRIFX % Rank
Stocks
97.33% 0.00% 108.92% 70.83%
Other
3.02% -91.92% 109.04% 10.23%
Preferred Stocks
0.00% 0.00% 31.13% 58.33%
Convertible Bonds
0.00% 0.00% 10.95% 53.23%
Cash
0.00% -42.50% 20.18% 98.86%
Bonds
0.00% -3.17% 161.71% 56.44%

Stock Sector Breakdown

Weighting Return Low Return High BRIFX % Rank
Real Estate
76.57% 34.46% 100.00% 91.60%
Consumer Cyclical
16.95% 0.00% 45.29% 1.60%
Utilities
3.55% 0.00% 3.55% 0.40%
Financial Services
2.93% 0.00% 37.05% 5.20%
Technology
0.00% 0.00% 12.02% 63.20%
Industrials
0.00% 0.00% 7.39% 55.60%
Healthcare
0.00% 0.00% 0.53% 51.60%
Energy
0.00% 0.00% 33.11% 52.00%
Communication Services
0.00% 0.00% 11.61% 56.80%
Consumer Defense
0.00% 0.00% 0.93% 50.40%
Basic Materials
0.00% 0.00% 13.69% 53.20%

Stock Geographic Breakdown

Weighting Return Low Return High BRIFX % Rank
US
97.33% 0.00% 108.92% 63.26%
Non US
0.00% 0.00% 41.39% 58.33%

BRIFX - Expenses

Operational Fees

BRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.07% 28.75% 42.91%
Management Fee 0.75% 0.00% 1.50% 47.73%
12b-1 Fee 0.25% 0.00% 1.00% 28.68%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BRIFX 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.

BRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.59% 0.11% 380.00% 80.00%

BRIFX - Distributions

Dividend Yield Analysis

BRIFX Category Low Category High BRIFX % Rank
Dividend Yield 2.09% 0.00% 13.03% 77.27%

Dividend Distribution Analysis

BRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

BRIFX Category Low Category High BRIFX % Rank
Net Income Ratio 0.94% -1.14% 6.05% 55.56%

Capital Gain Distribution Analysis

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

Distributions History

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BRIFX - Fund Manager Analysis

Managers

Jeffrey Kolitch


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Jeffrey A. Kolitch has been the portfolio manager of Baron Real Estate Fund and Baron Real Estate Income Fund since their respective inceptions on December 31, 2009 and December 29, 2017. He joined the Adviser 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.12 2.68