Baron Real Estate Fund Retail Shares (BREFX) Fund Details & Analysis

Fund Information

Fund Category Real Estate

Fund Family Baron Capital Group, Inc.

Fund Style Large

ISIN US06828M7020

CUSIP 06828M702

Inception Date 2009-12-31

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $2.32 Billion

Share Class Net Assets $364.73 Million

Expense Ratio 1.32%

Expense Ratio Date 2026-04-30

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return -%

1-Year Return 9.57%

3-Year Return 10.64%

5-Year Return 2.47%

NAV $39.15

Previous Close Price $38.42

Last Update 2026-03-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Baron Real Estate Fund Retail Shares

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 28257.94%

Giant 4.90%

Large 24.16%

Medium 38.78%

Micro 4.21%

Small 22.08%

Value & Growth Metrics

Book-Value Growth % 2.79%

Cash-Flow Growth % 10.22%

Dividend Yield % 1.64%

Historical Earnings % 16.93%

Long-Term Earnings % 7.45%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	1.48%	0.00%
Cash	5.87%	5.87%	0.00%	2.99%	0.00%
Non US Stock	7.45%	7.45%	0.00%	1.08%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.42%	0.00%
Other	0.00%	0.00%	0.00%	7.28%	0.00%
US Stock	86.68%	86.68%	0.00%	87.89%	100.00%

Top Holdings

Name	Weight	Owned	Change
Toll Brothers Inc	4.71%	-	-
FIXED INC CLEARING CORP.REPO	8.55%	-	-
Lennar Corp	5.87%	-	-
DR Horton Inc	5.63%	-	-
Equinix Inc	3.23%	-	-
American Tower Corp	3.17%	-	-
Equity Residential	None	-	-
Blackstone Inc	3.39%	-	-
Digital Realty Trust Inc	None	-	-
CoStar Group Inc	2.95%	-	-
CBRE Group Inc	5.53%	-	-
Jones Lang LaSalle Inc	7.38%	-	-
GDS Holdings Ltd	3.82%	-	-
Welltower Inc	5.80%	-	-
Brookfield Corp	5.56%	-	-
Prologis Inc	4.23%	-	-
Hilton Worldwide Holdings Inc	2.77%	-	-
Wynn Resorts Ltd	3.37%	-	-
CRH PLC	3.98%	-	-
Hyatt Hotels Corp	3.05%	-	-

See the full breakdown of BREFX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	61.08%	100.00%	0.00%
Bond Sector	Corporate	0.00%	14.22%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	23.12%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	1.57%	0.00%	0.00%
Cyclical	Basic Materials	5.33%	0.20%	0.00%	0.00%
Cyclical	Consumer Cyclical	32.56%	1.52%	0.00%	0.00%
Cyclical	Financial Services	7.13%	0.23%	0.00%	0.00%
Cyclical	Real Estate	44.99%	96.61%	0.00%	100.00%
Defensive	Consumer Defensive	0.00%	0.01%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.22%	0.00%	0.00%
Defensive	Utilities	0.00%	0.05%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.12%	0.00%	0.00%
Sensitive	Energy	0.00%	0.04%	0.00%	0.00%
Sensitive	Industrials	7.29%	0.24%	0.00%	0.00%
Sensitive	Technology	2.71%	0.76%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.01%	-	-
Americas	North America	99.11%	97.29%	100.00%
Greater Asia	Asia Developed	0.18%	-	-
Greater Asia	Asia Emerging	0.22%	2.71%	-
Greater Asia	Australasia	0.24%	-	-
Greater Asia	Japan	0.10%	-	-
Greater Europe	Africa/Middle East	0.00%	-	-
Greater Europe	Europe Developed	0.08%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.07%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-17	$0.005	$0.005	USD	-	-	-	-
2024-09-24	$0.059	$0.059	USD	-	2024-09-23	2024-09-25	Annual
2023-12-07	$0.020	$0.020	USD	-	2023-12-06	2023-12-08	Annual
2022-12-08	$0.022	$0.022	USD	2022-12-08	2022-12-07	2022-12-09	Annual
2015-09-24	$0.011	$0.011	USD	2015-09-24	2015-09-23	2015-09-25	Other
2014-12-02	$0.026	$0.026	USD	2014-12-02	2014-12-01	2014-12-03	Other
2011-09-08	$0.004	$0.004	USD	-	2011-09-07	2011-09-09	Other

View the full dividend history for BREFX.

Baron Real Estate Fund Retail Shares NMFQS:BREFX