BFIUX Fees and Costs — Baron FinTech Fund, R6 Shares
Data updated: 2025-11-26
The net expense ratio is 0.95%: a 0.80% management fee plus 0.30% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 11%.
BFIUX Fees and Expenses
Annual operating expenses and sales charges of BFIUX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BFIUX Costs Over Time
On $10,000 invested in BFIUX, assuming 5% a year before costs, total costs come to $597 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $597 |
| Value after costs | $10,400 | $11,248 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
BFIUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0040%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $170.4M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
BFIUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $633 | 26.26% |
| Jefferies LLC | $584 | 24.22% |
| State Street Global Markets, LLC | $325 | 13.48% |
| Goldman Sachs & Co. LLC | $224 | 9.30% |
| Morgan Stanley & Co. LLC | $179 | 7.42% |
| Wedbush Securities Inc. | $150 | 6.23% |
| BofA Securities, Inc. | $90 | 3.73% |
| BTG Pactual US Capital, LLC | $85 | 3.51% |
| Keefe, Bruyette & Woods, Inc. | $80 | 3.32% |
| JonesTrading Institutional Services LLC | $61 | 2.53% |
BFIUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $170.0M | 99.73% |
| Morgan Stanley & Co. LLC | $247K | 0.15% |
| Goldman Sachs & Co. LLC | $209K | 0.12% |
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.