Wall Street Journal Highlights Alex Umansky as One of the Best Stock-Fund Managers for the Past Year

Alex Umansky, portfolio manager of Baron Durable Advantage Fund®, elaborates on the Fund's active management strategy and the specific criteria used to select investment-worthy companies.

Insider: Baron Partners Fund® Crushed 99% of Its Peers Over Last 15 Years

Michael Baron, portfolio manager of Baron Partners Fund®, talks to Insider about investment selection criteria, and the Fund’s top holdings for long-term investment.

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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.

The discussion of market trends is not intended as advice to any person regarding the advisability of investing in any particular security. The views expressed on this page reflect those of the respective writer. Some of our comments are based on management expectations and are considered “forward-looking statements.” Actual future results, however, may prove to be different from our expectations. Our views are a reflection of our best judgment at the time and are subject to change at any time based on market and other conditions and Baron has no obligation to update them

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