Baron Global Advantage Fund (BGAFX)

Portfolio Management

Alex Umansky

Fund Manager since 2012

Objective & Strategy

The investment goal of Baron Global Advantage Fund is capital appreciation.

The Fund invests mainly in growth companies of all sizes located throughout the world. Diversified.

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Fund Description

Baron Global Advantage Fund invests in growth companies of all sizes anywhere.


Performance Summary as of February 28, 2015

  Annualized Returns Since Inception
YTD 1 YR 3 YR 5 YR 10 YR Annualized Cumulative
2.46% 5.06% N/A N/A N/A 14.15% 45.51%
Growth of $10,000 Chart

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Top Ten Holdings as of February 28, 2015

Holding Sector Percentage, Inc. Consumer Discretionary 6.0%
SunEdison, Inc. Information Technology 4.5%
Facebook Inc. Information Technology 4.5%
Google, Inc. Information Technology 4.3%
Just Eat plc Information Technology 4.1%
Illumina, Inc. Health Care 4.0%
Sarana Menara Nusantara Tbk PT Telecommunication Services 3.9%
Mellanox Technologies Ltd. Information Technology 3.9%
Alibaba Group Holding Ltd. Information Technology 3.5%
Atlas Energy, L.P. Energy 3.2%
Total 41.9%
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Performance Based Characteristics as of

Characteristics Since Inception
This data does not yet exist for this Fund.

Daily Price (NAV)

Prices for Mar 27 , 2015
NAV $14.50
Daily Change ($) $0.09
Daily Change (%) 0.62%
MTD -0.34%
YTD 2.11%
52-Week High $14.77
52-Week Low $12.73

Fund Facts

Inception Date April 30, 2012
Net Assets^ $7.97 million
CUSIP 06828M843
Expense Ratio* 5.51% / 1.50%
Risk/Return Comparison

This information is not currently available.


Morningstar Ratings

This information is not currently available.

Lipper Rankings
Rankings based on total returns as of 12/31/2014
Category: Global Multi-Cap Growth
1 Year 58 out of 246 funds


Baron Category: N/A
Large Value Large Core Large Growth Large
Mid Value Mid Core Mid Growth Mid
Small Value Small Core Small Growth Small
Value Core Growth  
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Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost. The Adviser has reimbursed certain Fund expenses and the Fund's transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month end, click here.

Growth stocks can react differently to issuer, political, market and economic developments than the market as a whole.  Non-U.S. investments may involve additional risks to those inherent in U.S. investments, including exchange-rate fluctuations, political or economic instability, the imposition of exchange controls, expropriation, limited disclosure and illiquid markets, resulting in greater share price volatility. Securities of small and medium-sized companies may be thinly traded and more difficult to sell. The Fund may not achieve its objectives.

^All share classes combined. As of most recent month end.

*As of fiscal year ended 12/31/2013, the gross expense of the Fund's Retail Shares was 5.51% but the net expense ratio was 1.50% (net of the Adviser's fee waiver).

Top Ten Fund Holdings based on net assets. Portfolio holdings may change over time.
Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard ("GICS"), developed and exclusively owned by MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided "as is" with no warranties.

Definitions (provided by Baron Capital, Inc.): The MSCI ACWI indexes cited are unmanaged, free float-adjusted market capitalization weighted indexes. The MSCI ACWI Growth Index Net USD measures the equity market performance of large and mid cap growth securities across developed and emerging markets. The MSCI ACWI Index Net USD measures the equity market performance of large and mid cap securities across developed and emerging markets. The indexes and the Fund include reinvestment of dividends, net of foreign withholding taxes, which positively impact the performance results.