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Trending ETFs

Name

As of 06/18/2024

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

$18.07

$548 M

0.03%

$0.01

1.22%

Vitals

YTD Return

1.2%

1 yr return

9.4%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

12.1%

Net Assets

$548 M

Holdings in Top 10

83.9%

52 WEEK LOW AND HIGH

$18.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.18%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

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

$18.07

$548 M

0.03%

$0.01

1.22%

BWBTX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 12.1%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baron WealthBuilder Fund
  • Fund Family Name
    BARONFUNDS
  • Inception Date
    Dec 29, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ronald Baron

Fund Description

The Fund is a diversified fund because it invests, at any given time, in the securities of a select number of Baron mutual funds (the “Underlying Funds”), representing specific investment strategies. The Fund normally invests in a variety of domestic and international equity funds. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
The Fund can invest in funds holding U.S. and international stocks; small-cap, small- to mid-cap, mid-cap, large-cap, all-cap stocks; and sector specific stocks.
The portfolio manager decides how much of the Fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the Underlying Funds and the various markets in which they invest.
Underlying Funds
BARON WEALTHBUILDER FUND
Strategy Fund
Small Cap Baron Discovery Fund
Baron Small Cap Fund
Baron Growth Fund
Small-Mid Cap Baron Focused Growth Fund
Mid Cap Baron Asset Fund
Large Cap Baron Fifth Avenue Growth Fund
Baron Durable Advantage Fund
All Cap Baron Partners Fund
Baron Opportunity Fund
International / Global Baron International Growth Fund
Baron Emerging Markets Fund
Baron Global Advantage Fund
Baron New Asia Fund
Sector Baron Real Estate Fund
Baron Real Estate Income Fund
Baron Health Care Fund
Baron FinTech Fund
Baron Technology Fund
The Fund may sell shares of the Underlying Funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. The Fund may also modify the list of Underlying Funds at any time, including by adding Underlying Funds that may be created in the future, or change the Fund’s asset allocation at any time, in each case without prior approval from or notice to shareholders. At certain periods, the Fund may hold
a portion of its assets in cash, money market securities or other similar liquid investments.
Read More

BWBTX - Performance

Return Ranking - Trailing

Period BWBTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.8% 14.1% 98.38%
1 Yr 9.4% 3.2% 25.4% 97.84%
3 Yr -2.4%* -8.7% 22.4% 98.35%
5 Yr 12.1%* 0.7% 12.1% 4.38%
10 Yr N/A* 0.0% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period BWBTX Return Category Return Low Category Return High Rank in Category (%)
2023 25.6% -6.6% 33.6% 13.51%
2022 -34.7% -44.4% -9.8% 94.54%
2021 10.5% -24.1% 18.9% 51.45%
2020 60.4% -10.9% 60.4% 0.61%
2019 31.3% 5.9% 36.4% 1.91%

Total Return Ranking - Trailing

Period BWBTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.8% 14.1% 98.38%
1 Yr 9.4% 3.2% 25.4% 97.84%
3 Yr -2.4%* -8.7% 22.4% 98.35%
5 Yr 12.1%* 0.7% 12.1% 4.38%
10 Yr N/A* 0.0% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period BWBTX Return Category Return Low Category Return High Rank in Category (%)
2023 25.7% 1.4% 34.9% 14.59%
2022 -32.6% -43.2% -3.8% 98.36%
2021 16.7% -24.1% 26.7% 69.94%
2020 62.8% -5.3% 62.8% 0.61%
2019 36.5% 12.4% 52.6% 6.37%

NAV & Total Return History


BWBTX - Holdings

Concentration Analysis

BWBTX Category Low Category High BWBTX % Rank
Net Assets 548 M 9.96 M 126 B 58.92%
Number of Holdings 16 5 8405 65.41%
Net Assets in Top 10 478 M 7.47 M 23.8 B 59.46%
Weighting of Top 10 83.89% 18.9% 100.1% 55.14%

Top 10 Holdings

  1. Baron Growth Fund 14.53%
  2. Baron Small Cap Fund 13.93%
  3. Baron Asset Fund 13.02%
  4. Baron Partners Fund 12.17%
  5. Baron Real Estate Fund 6.25%
  6. Baron Focused Growth Fund 6.08%
  7. Baron Fifth Avenue Growth Fund 4.88%
  8. Baron Opportunity Fund 4.88%
  9. Baron Discovery Fund 4.66%
  10. Baron Global Advantage Fund 3.48%

Asset Allocation

Weighting Return Low Return High BWBTX % Rank
Stocks
100.02% 0.00% 100.25% 17.30%
Preferred Stocks
0.00% 0.00% 10.77% 44.86%
Other
0.00% -29.83% 9.38% 52.43%
Convertible Bonds
0.00% 0.00% 3.88% 75.68%
Cash
0.00% 0.00% 31.61% 83.24%
Bonds
0.00% 0.00% 142.66% 52.43%

Stock Sector Breakdown

Weighting Return Low Return High BWBTX % Rank
Consumer Cyclical
24.72% 1.15% 24.72% 1.09%
Technology
23.28% 1.75% 32.38% 20.65%
Healthcare
14.76% 2.06% 19.02% 29.35%
Financial Services
13.54% 9.56% 42.24% 76.09%
Real Estate
8.68% 0.00% 28.04% 4.89%
Industrials
7.00% 1.80% 14.87% 95.65%
Communication Services
5.63% 1.90% 13.69% 83.15%
Consumer Defense
1.17% 0.47% 14.80% 98.37%
Basic Materials
0.95% 0.00% 8.62% 97.28%
Energy
0.20% 0.00% 31.98% 98.37%
Utilities
0.08% 0.00% 15.29% 94.57%

Stock Geographic Breakdown

Weighting Return Low Return High BWBTX % Rank
US
100.02% 0.00% 100.25% 17.30%
Non US
0.00% 0.00% 32.10% 47.03%

BWBTX - Expenses

Operational Fees

BWBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.23% 3.92% 41.08%
Management Fee 0.00% 0.00% 1.30% 10.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.28% N/A

Sales Fees

BWBTX 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% 5.00% N/A

Trading Fees

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

BWBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.18% 0.18% 300.02% 1.16%

BWBTX - Distributions

Dividend Yield Analysis

BWBTX Category Low Category High BWBTX % Rank
Dividend Yield 0.03% 0.00% 8.81% 80.00%

Dividend Distribution Analysis

BWBTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BWBTX Category Low Category High BWBTX % Rank
Net Income Ratio 0.12% -0.65% 5.31% 78.02%

Capital Gain Distribution Analysis

BWBTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Semi-Monthly Annually

Distributions History

View More +

BWBTX - Fund Manager Analysis

Managers

Ronald Baron


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Ron founded Baron Capital in 1982 and has 52 years of research experience. From 1970 to 1982, Ron worked for several brokerage firms as an institutional securities analyst. From 1966 to 1969, Ron worked at the U.S. Patent Office as a patent examiner, while attending George Washington University Law School. From 1965 to 1966, Ron worked at Georgetown University as a teaching fellow in biochemistry. Ron graduated from Bucknell University with a B.A. in Chemistry in 1965.

Michael Baron


Start Date

Tenure

Tenure Rank

Dec 08, 2020

1.48

1.5%

Michael Baron joined Baron in 2004 as a research analyst and was named co-portfolio manager of Baron WealthBuilder Fund in 2020 and Baron Partners Fund in 2018. He has 19 years of research experience. From 2003 to 2004, he worked at Glenhill Capital as a research analyst. Michael graduated from Duke University with a B.A. in Economics in 2003 and from The Wharton School of the University of Pennsylvania with an M.B.A. in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.19 26.6 6.51 2.41