Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment goal of Baron FinTech Fund (the Fund) is capital appreciation.
Strategy. The Fund is a diversified fund that, under normal circumstances, invests at least 80% of its net assets in equity securities of companies that develop, use, or rely on innovative technologies or services, in a significant way, for banking, lending, capital markets, financial data analytics, insurance, payments, asset management, or wealth management. The Fund may purchase securities of companies of any market capitalization and may invest in foreign stocks, including emerging market securities, however, investments in non-U.S. securities are limited to 35% of the Funds total assets at the time of purchase. The Fund is a diversified fund that, under normal circumstances, invests at least 80% of its net assets in equity securities of companies that develop, use, or rely on innovative technologies or services, in a significant way, for banking, lending, capital markets, financial data analytics, insurance, payments, asset management, or wealth management. The Fund may purchase securities of companies of any market capitalization and may invest in foreign stocks, including emerging market securities, however, investments in non-U.S. securities are limited to 35% of the Funds total assets at the time of purchase.
Top holdings
As of Sept. 30, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MASTERCARD INC CL A | — | $3.27M | 4.61% |
| VISA INC-CLASS A | — | $3.24M | 4.58% |
| MERCADOLIBRE INC | — | $3.11M | 4.39% |
| S&P GLOBAL INC | — | $3.07M | 4.33% |
| ROBINHOOD MARKETS INC | — | $3.01M | 4.24% |
| GUIDEWIRE SOFTWARE INC | — | $2.92M | 4.12% |
| INTERACTIVE BROKERS GROUP INC | — | $2.89M | 4.08% |
| INTUIT INC | — | $2.73M | 3.85% |
| LPL FINL HLDGS INC | — | $2.66M | 3.76% |
| KKR & CO INC | — | $2.37M | 3.34% |
Portfolio moves
Jun 30, 2025 → Sep 30, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Baron Financials ETF · BCFN | 81% | 0.80% |
| Select Brokerage and Investment Management Portfolio · FSLBX | 34% | 0.69% |
| Gabelli Financial Services Opportunities ETF · GABF | 32% | 0.32% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of September 30, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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