BFGUX Fees and Costs — Baron Focused Growth Fund, R6 Shares
Data updated: 2026-08-28
The net expense ratio is 1.05%: a 1.00% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $478K in broker commissions, 0.0187% of average net assets, and portfolio turnover was 8%.
BFGUX Fees and Expenses
Annual operating expenses and sales charges of BFGUX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BFGUX Costs Over Time
On $10,000 invested in BFGUX, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $668 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
BFGUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0187%
- Total broker commissions: $478K
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $0
- Net income from securities lending: $90K (0.004% of average net assets)
BFGUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $49K | 18.48% |
| State Street Global Markets, LLC | $34K | 12.97% |
| Jefferies LLC | $31K | 11.60% |
| Raymond James & Associates, Inc. | $28K | 10.41% |
| JonesTrading Institutional Services LLC | $26K | 9.88% |
| UBS Securities LLC | $21K | 7.74% |
| BofA Securities, Inc. | $20K | 7.48% |
| Morgan Stanley & Co. LLC | $20K | 7.37% |
| Stifel, Nicolaus & Company, Incorporated | $19K | 7.27% |
| Wells Fargo Securities, LLC | $18K | 6.79% |
BFGUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $8.7B | 99.88% |
| Morgan Stanley & Co. LLC | $5.6M | 0.06% |
| J.P. Morgan Securities LLC | $5.2M | 0.06% |
Baron Focused Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BFGIX | Institutional Shares | 1.05% | — |
| BFGUX | R6 Shares | 1.05% | — |
| BFGFX | Retail Shares | 1.31% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.