Baron Durable Advantage Fund Retail Shares
BDAFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 767 Fifth Ave New York NY United States of America 10153
- IPO Date
- Dec 29, 2017
- CIK
- 0000810902
- Website
- baroncapitalgroup.com
- Similar Companies
- Business
- Baron Durable Advantage Fund Retail Shares (BDAFX) is an open-end mutual fund managed by Baron Capital Group, Inc. that seeks capital appreciation by investing primarily in equity securities consisting of common stock issued by large-sized U.S. companies believed to possess competitive advantages, generate significant excess free cash flow, and consistently return capital to shareholders through dividends and stock buybacks; the fund maintains a diversified portfolio of approximately 30 issuers with heavy emphasis on information technology (35.8%), financials (29.7%), and communication services (12.9%) sectors, including top holdings such as NVIDIA Corporation, Amazon.com, Inc., Broadcom Inc., Meta Platforms, Inc., and Taiwan Semiconductor Manufacturing Company Limited. BDAFX offers retail investors access to a large-cap growth strategy with a net expense ratio of 0.95%, low turnover of 6.29% over three years, and an inception date of December 29, 2017; the fund is headquartered in New York alongside its sponsor, Baron Capital Group, Inc., and operates within U.S. markets targeting institutional and individual investors seeking long-term growth through high-quality, cash-generative businesses. As of September 30, 2025, the fund reported net assets of $525.30 million, with recent quarterly performance showing a 5.54% return for Q3, trailing the S&P 500's 8.12% amid sector rotations favoring technology; distributions included a small income payout of $0.0022 per share in December 2024. In its latest Q3 2025 commentary released December 15, 2025, the fund highlighted ongoing integration challenges from portfolio company LPL Financial's sizable acquisition of Commonwealth Financial Network, which presents long-term growth potential in the independent broker-dealer space despite short-term earnings pressures; no major fund-level acquisitions, partnerships, launches, or strategic shifts were announced in the past 1-2 years, with portfolio adjustments reflecting active management amid AI-driven themes and market volatility.