Baron WealthBuilder Fund Retail Shares
BWBFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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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
- 0001217673
- Website
- baroncapitalgroup.com
- Similar Companies
- Business
- Baron WealthBuilder Fund Retail Shares (BWBFX) is an open-end mutual fund that provides investors with a diversified equity allocation strategy by exclusively holding shares of other Baron Funds, enabling exposure to growth-oriented equities across market capitalizations, geographies, and sectors including small-cap, mid-cap, large-cap, real estate, emerging markets, and global opportunities. The fund's primary holdings include Baron Partners Fund Institutional Shares (approximately 14.8%), Baron Growth Fund Institutional Shares (13.4%), Baron Small Cap Fund Institutional Class (13.0%), Baron Asset Fund Institutional Class (9.9%), and Baron Focused Growth Fund Institutional Shares (7.1%), with top sectors encompassing technology (21.4%), consumer cyclical (20.3%), financial services (19.8%), healthcare (9.6%), and real estate (9.1%); it maintains a portfolio of 16 underlying mutual funds representing 409 issuers, a low three-year average turnover of 6.13%, and a net expense ratio of 1.43%. Managed by Ronald Baron since inception and co-managed by Michael Baron since December 2020, the fund targets long-term capital appreciation through investments in businesses with significant growth prospects, sustainable competitive advantages, and attractive valuations, primarily serving U.S. retail investors with a minimum initial investment of $2,000. Launched on December 29, 2017, and domiciled in the United States, Baron WealthBuilder Fund Retail Shares operates under Baron Capital Management, Inc., headquartered at 767 Fifth Avenue, 49th Floor, New York, New York 10153, with net assets of approximately $555.55 million as of September 30, 2025. In recent developments, Baron Capital, the fund's adviser, launched five actively managed exchange-traded funds (ETFs) on December 15, 2025—Baron First Principles ETF (NYSE: RONB), Baron Global Durable Advantage ETF (NYSE: BCGD), Baron SMID Cap ETF (NYSE: BCSM), Baron Financials ETF (NASDAQ: BCFN), and Baron Technology ETF (NASDAQ: BCTK)—extending its growth equity strategies to the ETF market and reflecting a strategic expansion of product offerings. Additionally, in September 2025, Baron Capital introduced four UCITS funds for non-U.S. investors, mirroring U.S. mutual fund strategies in small-cap, real estate, high growth, and global large-cap equities, broadening its global reach. The firm continues to emphasize its long-term investment philosophy, with portfolio adjustments highlighted in the Q3 2025 shareholder letter noting advancements in holdings like Tesla's AI and robotaxi initiatives.