BSCUX Fees and Costs — Baron Small Cap Fund, R6 Shares
Data updated: 2026-08-28
The net expense ratio is 1.06%: a 1.00% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $781K in broker commissions, 0.0189% of average net assets, and portfolio turnover was 13%.
BSCUX Fees and Expenses
Annual operating expenses and sales charges of BSCUX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BSCUX Costs Over Time
On $10,000 invested in BSCUX, assuming 5% a year before costs, total costs come to $674 over 5 years, cutting the return by 1.13% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $371 | $674 |
| Value after costs | $10,387 | $11,206 | $12,089 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
BSCUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0189%
- Total broker commissions: $781K
- Bought from dealers (principal trades, not a cost): $12.4B
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
BSCUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $106K | 19.22% |
| JonesTrading Institutional Services LLC | $94K | 17.11% |
| Jefferies LLC | $87K | 15.84% |
| Piper Sandler & Co. | $44K | 7.96% |
| Stifel, Nicolaus & Company, Incorporated | $42K | 7.67% |
| BofA Securities, Inc. | $41K | 7.50% |
| Morgan Stanley & Co. LLC | $39K | 7.04% |
| BTIG, LLC | $36K | 6.60% |
| Goldman Sachs & Co. LLC | $31K | 5.67% |
| UBS Securities LLC | $30K | 5.40% |
BSCUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $12.2B | 99.19% |
| Jefferies LLC | $39.7M | 0.32% |
| Morgan Stanley & Co. LLC | $29.4M | 0.24% |
| Barclays Capital Inc. | $15.1M | 0.12% |
| Citigroup Global Markets Inc. | $8.8M | 0.07% |
| Goldman Sachs & Co. LLC | $6.4M | 0.05% |
Baron Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BSCUX | R6 Shares | 1.06% | — |
| BSFIX | Institutional Shares | 1.06% | — |
| BSCFX | Retail Shares | 1.32% | — |
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.