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Trending ETFs

Name

As of 06/11/2024

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

Baron Technology Fund

BTECX | Fund

$10.84

$9.03 M

0.00%

5.04%

Vitals

YTD Return

19.1%

1 yr return

36.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$9.03 M

Holdings in Top 10

57.8%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

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

Baron Technology Fund

BTECX | Fund

$10.84

$9.03 M

0.00%

5.04%

BTECX - Profile

Distributions

  • YTD Total Return 19.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Baron Technology Fund
  • Fund Family Name
    BARONFUNDS
  • Inception Date
    Dec 31, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Lippert

Fund Description

The Fund is a non-diversified fund that, under normal market conditions, invests at least 80% of its net assets in equity securities in the form of common stock of U.S. and non-U.S. technology companies of any market capitalization, selected for their durable growth potential from the development, advancement and use of technology, however, investments in non-U.S. securities are limited to 35% of the Fund’s total assets at the time of purchase. Technology companies may include those companies in the businesses of, among others: software, IT consulting, IT services, interactive home entertainment, interactive media and services, networking equipment, telecom services, communications equipment, technology hardware, storage and peripherals, electronic equipment, instruments and components, semiconductors and semiconductor equipment, and internet and direct marketing retail. Technology companies may be located anywhere in the world, including developing countries. A developing country is a country included in the MSCI Emerging Markets (EM) Index and other countries determined by the Adviser to be developing countries based on classifications made by the International Monetary Fund or on country characteristics similar to those of the countries in the EM Index. BAMCO seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
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BTECX - Performance

Return Ranking - Trailing

Period BTECX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.1% -23.9% 50.4% 42.08%
1 Yr 36.7% -23.1% 72.7% 30.32%
3 Yr N/A* -34.7% 31.5% N/A
5 Yr N/A* -11.5% 39.6% N/A
10 Yr N/A* 1.3% 28.5% N/A

* Annualized

Return Ranking - Calendar

Period BTECX Return Category Return Low Category Return High Rank in Category (%)
2023 63.4% -5.6% 96.9% 9.09%
2022 N/A -73.9% -16.4% N/A
2021 N/A -44.6% 51.5% N/A
2020 N/A 5.5% 154.1% N/A
2019 N/A -3.0% 63.7% N/A

Total Return Ranking - Trailing

Period BTECX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.1% -23.9% 50.4% 42.08%
1 Yr 36.7% -23.1% 72.7% 30.32%
3 Yr N/A* -34.7% 31.5% N/A
5 Yr N/A* -11.5% 39.6% N/A
10 Yr N/A* 1.3% 28.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BTECX Return Category Return Low Category Return High Rank in Category (%)
2023 63.4% -2.3% 96.9% 9.09%
2022 N/A -67.5% -5.9% N/A
2021 N/A -17.8% 59.2% N/A
2020 N/A 17.5% 157.5% N/A
2019 N/A 7.5% 66.9% N/A

NAV & Total Return History


BTECX - Holdings

Concentration Analysis

BTECX Category Low Category High BTECX % Rank
Net Assets 9.03 M 4.67 M 81.2 B 97.76%
Number of Holdings 43 10 316 68.61%
Net Assets in Top 10 14.5 M 1.42 M 49.3 B 95.07%
Weighting of Top 10 57.77% 11.7% 100.0% 32.74%

Top 10 Holdings

  1. Amazon.com Inc 9.95%
  2. NVIDIA Corp 9.74%
  3. Microsoft Corp 9.72%
  4. Broadcom Inc 4.67%
  5. Meta Platforms Inc 4.41%
  6. Advanced Micro Devices Inc 4.39%
  7. CoStar Group Inc 4.27%
  8. Spotify Technology SA 3.99%
  9. FIXED INC CLEARING CORP.REPO 3.55%
  10. Lam Research Corp 3.09%

Asset Allocation

Weighting Return Low Return High BTECX % Rank
Stocks
97.39% 0.00% 100.27% 78.03%
Other
3.55% -0.01% 26.87% 4.48%
Preferred Stocks
0.00% 0.00% 7.58% 45.74%
Convertible Bonds
0.00% 0.00% 0.40% 30.94%
Cash
0.00% 0.00% 26.97% 91.93%
Bonds
0.00% 0.00% 89.65% 35.43%

Stock Sector Breakdown

Weighting Return Low Return High BTECX % Rank
Technology
63.12% 2.80% 100.00% 71.75%
Consumer Cyclical
18.36% 0.00% 32.97% 6.28%
Communication Services
9.52% 0.00% 97.05% 49.33%
Financial Services
6.02% 0.00% 38.36% 34.53%
Real Estate
2.98% 0.00% 15.05% 11.21%
Utilities
0.00% 0.00% 5.17% 29.60%
Industrials
0.00% 0.00% 38.68% 79.37%
Healthcare
0.00% 0.00% 25.57% 71.75%
Energy
0.00% 0.00% 1.24% 28.70%
Consumer Defense
0.00% 0.00% 5.64% 39.01%
Basic Materials
0.00% 0.00% 2.38% 36.32%

Stock Geographic Breakdown

Weighting Return Low Return High BTECX % Rank
US
94.90% 0.00% 100.27% 59.19%
Non US
2.49% 0.00% 59.84% 35.87%

BTECX - Expenses

Operational Fees

BTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.04% 0.08% 5.04% 0.45%
Management Fee 0.80% 0.03% 1.95% 69.06%
12b-1 Fee 0.00% 0.00% 1.00% 11.48%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BTECX 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.

BTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.69% 281.00% N/A

BTECX - Distributions

Dividend Yield Analysis

BTECX Category Low Category High BTECX % Rank
Dividend Yield 0.00% 0.00% 7.82% 46.19%

Dividend Distribution Analysis

BTECX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annual Annual

Net Income Ratio Analysis

BTECX Category Low Category High BTECX % Rank
Net Income Ratio N/A -2.30% 2.08% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

BTECX - Fund Manager Analysis

Managers

Michael Lippert


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Michael Lippert joined Baron in 2001 as a research analyst and was named portfolio manager in 2006. In 2020, he was named Head of Technology Research. He has 20 years of research experience. In 2001, he worked at JLF Asset Management as a financial analyst and general counsel. From 1991 to 2001, he worked at Baker & Botts as a trial partner. Michael graduated summa cum laude from Tufts University with a B.A. in History in 1988 and from Columbia Law School with a J.D. in 1991.

Ashim Mehra


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Ashim joined Baron in 2011 as a research analyst and has 23 years of research experience. In addition to his work as an analyst, Ashim is portfolio manager of Baron Innovators Fund, a concentrated global portfolio that is available to accredited investors through Baron. From 2004 to 2011, Ashim worked at Mazama Capital as a telecom, media and technology portfolio manager. From 2002 to 2004, Ashim worked at RBC as a senior equity research associate. From 1999 to 2002, he co-founded and worked at iExplore, an online travel company. From 1996 to 1999, Ashim worked at PWC as a senior strategy consultant. Ashim graduated from Rutgers University with a B.S. in Industrial Engineering in 1992 and from New York University Stern School of Business with an M.B.A. in 1996.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.23 1.41