Friday, November 4, 2022
Lincoln Center, New York

After a two-year hiatus, we were pleased to welcome back shareholders of Baron Funds and financial professional clients of Baron Capital to the 29th Annual Baron Investment Conference.

Watch session recordings from Chief Executive Officers of some of the companies in which Baron Capital invests. Learn about the Baron Capital investment philosophy, process, and culture from our Co-CIOs and Head of Research. Hear from Co-Founder, President, and COO Linda Martinson on lessons learned from our 40-year history. Lastly, Founder and CEO Ron Baron shares why Anything is Possible.

Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99BARON or visiting www.BaronFunds.com. Please read them carefully before investing.

Risks: All investments are subject to risk and may lose value.

Portfolio holdings as a percentage of net assets as of September 30, 2022 for securities mentioned are as follows: Tesla, Inc. – Baron Opportunity Fund (5.1%), Baron Partners Fund (45.5%*), Baron Fifth Avenue Growth Fund (5.4%), Baron Focused Growth Fund (22.3%), Baron Global Advantage Fund (3.3%), Baron Technology Fund (3.4%); Space Exploration Technologies Corp. – Baron Asset Fund (1.5%), Baron Opportunity Fund (2.2%), Baron Partners Fund (6.8%*), Baron Fifth Avenue Growth Fund (0.8%), Baron Focused Growth Fund (9.7%), Baron Global Advantage Fund (2.1%); Alexandria Real Estate Equities, Inc. – Baron Fifth Avenue Growth Fund (0.6%), Baron Growth Fund (1.7%), Baron Health Care Fund (0.8%), Baron Real Estate Fund (1.2%), Baron Real Estate Income Fund (2.2%); Vail Resorts, Inc. – Baron Asset Fund (3.3%), Baron Focused Growth Fund (4.4%), Baron Growth Fund (6.9%), Baron Partners Fund (3.2%*), Baron Real Estate Fund (2.8%), Baron Real Estate Income Fund (1.5%); ANSYS, Inc. - Baron Asset Fund (3.2%), Baron Growth Fund (3.5%); Hyatt Hotels Corp - Baron Asset Fund (1.1%), Baron Focused Growth Fund (5.5%), Baron Partners Fund (3.8%)*, Baron Real Estate Fund (1.1%); Iridium Communications Inc. - Baron Focused Growth Fund (3.9%), Baron Growth Fund (5.6%), Baron Partners Fund (2.5%)*

* % of Long Positions

Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.

The discussions of the companies at the Conference are not intended as advice to any person regarding the advisability of investing in any particular security. The views expressed at the Conference reflect those of the respective speakers. Those views are not intended as recommendations or investment advice to any person and are subject to change at any time based on market and other conditions and Baron Capital has no obligation to update them. Baron Capital has provided website addresses of companies participating in our Investment Conference as a convenience to our attendees. Baron Capital is not responsible for the content of these sites.