# Baron WealthBuilder Fund Retail Shares (BWBFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bwbfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Baron · Asset class: Equity - Strategy: Thematic · Inception: 2017-12-29 The Baron WealthBuilder Fund Retail Shares allocates its capital to a carefully chosen selection of Baron's proprietary mutual funds, referred to as "underlying funds," each pursuing distinct investment strategies. Typically, its portfolio is composed of a diverse mix of both U.S. and international stock-focused funds. The fund's adviser seeks out businesses that demonstrate substantial potential for growth, possess enduring competitive strengths, are led by exceptional management teams, and trade at compelling valuations. ## Key Facts | Metric | Value | |---|---| | Price | $22.40 | | Expense Ratio | 1.41% | | Assets Under Management | $508.4M | | NAV | $22.40 | | Holdings Count | — | | Distribution Yield (TTM) | 7.68% | | Annual Distribution (TTM) | $1.72 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $19.20 – $23.11 | | Beta | 1.38 | ## Latest Distribution - Amount: $0.4026 /share - Ex-date: 2026-09-22 - Pay date: 2026-09-23 ## Frequently Asked Questions ### What does BWBFX invest in? The Baron WealthBuilder Fund Retail Shares allocates its capital to a carefully chosen selection of Baron's proprietary mutual funds, referred to as "underlying funds," each pursuing distinct investment strategies. Typically, its portfolio is composed of a diverse mix of both U.S. and international stock-focused funds. The fund's adviser seeks out businesses that demonstrate substantial potential for growth, possess enduring competitive strengths, are led by exceptional management teams, and trade at compelling valuations. ### What is the expense ratio of BWBFX? Baron WealthBuilder Fund Retail Shares (BWBFX) charges an expense ratio of 1.41%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BWBFX? Baron WealthBuilder Fund Retail Shares (BWBFX) manages $508.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BWBFX actively managed or an index fund? BWBFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BWBFX launched? Baron WealthBuilder Fund Retail Shares (BWBFX) launched in December 2017 and is managed by Baron. ### How has BWBFX performed? BWBFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BWBFX pay a dividend? Baron WealthBuilder Fund Retail Shares (BWBFX) currently distributes little or no income. Trailing-twelve-month yield is 7.68%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BWBFX pay dividends? Baron WealthBuilder Fund Retail Shares pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BWBFX's dividend yield? BWBFX's trailing-twelve-month yield is 7.68%, calculated from the sum of dividends over the past year divided by the current price. ### When is BWBFX's next ex-dividend date? The most recently announced ex-dividend date for BWBFX was 2026-09-22. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will BWBFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.41% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BWBFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BWBFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BWBFX cost more than a fund like VOO? BWBFX's strategy (current expense ratio 1.41%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BWBFX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BWBFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BWBFX (1.41%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bwbfx - Distribution history: https://www.dividenddata.com/funds/bwbfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bwbfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bwbfx/expenses - Peer comparison: https://www.dividenddata.com/funds/bwbfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.