The Fund invests mainly in mid-sized U.S. companies that have matured beyond their start-up phase and have significant secular growth opportunities. Diversified.
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M
The Fund invests mainly in mid-sized U.S. companies that have matured beyond their start-up phase and have significant secular growth opportunities. Diversified.
As of Dec 01, 2023
NAV | $102.42 |
---|---|
Daily Change ($) | $1.62 |
Daily Change (%) | 1.61% |
YTD | 11.70% |
Inception Date | 6/12/1987 |
Overall (out of 521 Funds)
Ratings based on risk-adjusted returns as of 10/31/2023
Category:US Fund Mid-Cap Growth
Portfolio Manager
years of exp 27
years at baron 25
1Source: FactSet SPAR.
For the period ended 9/30/2023, the Baron Asset Fund received a 4-Star Overall Morningstar Rating™, 3-Star 3-Year Rating, 3-Star 5-Year Rating, and 4-Star 10-Year Rating. The Morningstar Ratings are based on the Morningstar Risk-Adjusted Return measures of 520, 520, 491, and 390 funds in the category, respectively. This Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar classifies funds as being large-cap, mid-cap, or small-cap based on the market capitalization of the fund’s stock holdings; and as value, blend, or growth based on the value-growth orientation of the stock holdings. The nine possible combinations of these characteristics correspond to the nine squares of the Morningstar Style Box–size is displayed along the vertical axis and style is displayed along the horizontal axis. Please note that the style boxes indicate the Fund’s equity style, not necessarily its Morningstar Category.
© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) does not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that any use of this information complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
MORNINGSTAR IS NOT RESPONSIBLE FOR ANY DELETION, DAMAGE, LOSS OR FAILURE TO STORE ANY PRODUCT OUTPUT, COMPANY CONTENT OR OTHER CONTENT.
as of 12/01/23
NAV | Daily Change ($) | Daily Change (%) | MTD | QTD | YTD |
---|---|---|---|---|---|
$102.42 | $1.62 | 1.61% | 1.61% | 7.04% | 11.70% |
as of 10/31/23
QTD1 | YTD1 | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|---|---|---|---|
Gross | Net | ||||||||
BARIX - Baron Asset Fund - I | -5.12% | -0.99% | 1.65% | -0.37% | 7.30% | 9.30% | 10.91% | 1.04% | 1.04% |
Russell Midcap Growth Index | -5.10% | 4.28% | 3.35% | 0.79% | 8.09% | 9.09% | 9.68% | ||
S&P 500 Index | -2.10% | 10.69% | 10.14% | 10.36% | 11.01% | 11.18% | 9.85% |
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
as of 09/30/23
QTD1 | YTD1 | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|---|---|---|---|
Gross | Net | ||||||||
BARIX - Baron Asset Fund - I | -4.42% | 4.35% | 17.10% | 0.60% | 6.33% | 10.32% | 11.09% | 1.04% | 1.04% |
Russell Midcap Growth Index | -5.22% | 9.88% | 17.47% | 2.61% | 6.97% | 9.94% | 9.86% | ||
S&P 500 Index | -3.27% | 13.07% | 21.62% | 10.15% | 9.92% | 11.91% | 9.94% |
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
1Not annualized.
Expense ratios are as of the fiscal year ended 9/30/2020
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
as of 10/31/23
Year | Baron Asset Fund | Russell Midcap Growth Index | S&P 500 Index |
---|---|---|---|
2022 | -25.87% | -26.72% | -18.11% |
2021 | 14.22% | 12.73% | 28.71% |
2020 | 33.33% | 35.59% | 18.40% |
2019 | 37.96% | 35.47% | 31.49% |
2018 | 0.14% | -4.75% | -4.38% |
2017 | 26.49% | 25.27% | 21.83% |
2016 | 6.51% | 7.33% | 11.96% |
2015 | 0.20% | -0.20% | 1.38% |
2014 | 9.77% | 11.90% | 13.69% |
2013 | 39.25% | 35.74% | 32.39% |
2012 | 15.63% | 15.81% | 16.00% |
2011 | -2.68% | -1.65% | 2.11% |
2010 | 21.66% | 26.38% | 15.06% |
2009 | 31.85% | 46.29% | 26.46% |
2008 | -40.75% | -44.32% | -37.00% |
2007 | 10.13% | 11.43% | 5.49% |
2006 | 14.64% | 10.66% | 15.79% |
2005 | 12.47% | 12.10% | 4.91% |
2004 | 27.13% | 15.48% | 10.88% |
2003 | 27.34% | 42.71% | 28.68% |
2002 | -19.99% | -27.41% | -22.06% |
2001 | -10.12% | -20.15% | -11.93% |
2000 | 0.36% | -11.75% | -9.10% |
1999 | 16.28% | 51.29% | 21.04% |
1998 | 4.27% | 17.86% | 28.58% |
1997 | 33.89% | 22.54% | 33.36% |
1996 | 21.96% | 17.48% | 22.96% |
1995 | 35.28% | 33.98% | 37.58% |
1994 | 7.42% | -2.16% | 1.32% |
1993 | 23.48% | 11.19% | 10.08% |
1992 | 13.90% | 8.71% | 7.62% |
1991 | 34.00% | 47.03% | 30.47% |
1990 | -18.49% | -5.13% | -3.10% |
1989 | 24.97% | 31.48% | 31.68% |
1988 | 34.42% | 12.93% | 16.59% |
1987 | 2.98% | -18.81% | -16.66% |
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
Record Date | Ex Date | Payable Date | Income | Return of Capital | Short-Term Capital Gain | Long-Term Capital Gain | Total | Re-Invest NAV | Calendar-Yr Return |
---|---|---|---|---|---|---|---|---|---|
07/25/2022 | 07/26/2022 | 07/27/2022 | $0.0000 | $0.0000 | $0.0000 | $0.0060 | $0.0060 | $86.81 | -25.87% |
11/22/2021 | 11/23/2021 | 11/24/2021 | $0.0000 | $0.0000 | $0.0000 | $8.9820 | $8.9820 | $121.55 | 14.22% |
11/23/2020 | 11/24/2020 | 11/25/2020 | $0.0000 | $0.0000 | $0.0000 | $3.3941 | $3.3941 | $109.21 | 33.33% |
11/25/2019 | 11/26/2019 | 11/27/2019 | $0.0000 | $0.0000 | $0.0000 | $1.5044 | $1.5044 | $89.40 | |
07/24/2019 | 07/25/2019 | 07/26/2019 | $0.0000 | $0.0000 | $0.0000 | $0.0285 | $0.0285 | $89.81 | |
11/28/2018 | 11/29/2018 | 11/30/2018 | $0.0000 | $0.0000 | $0.0000 | $4.7319 | $4.7319 | $73.73 | 0.14% |
11/27/2017 | 11/28/2017 | 11/29/2017 | $0.0000 | $0.0000 | $0.0000 | $4.9413 | $4.9413 | $71.52 | 26.49% |
11/28/2016 | 11/29/2016 | 11/30/2016 | $0.0000 | $0.0000 | $0.0000 | $2.8044 | $2.8044 | $60.15 | 6.51% |
06/27/2016 | 06/28/2016 | 06/29/2016 | $0.0000 | $0.0000 | $0.0000 | $0.0200 | $0.0200 | $57.09 | 6.51% |
12/02/2015 | 12/03/2015 | 12/04/2015 | $0.0000 | $0.0000 | $0.0000 | $6.5739 | $6.5739 | $58.66 | 0.20% |
12/01/2014 | 12/02/2014 | 12/03/2014 | $0.0000 | $0.0000 | $0.0000 | $4.1656 | $4.1656 | $64.19 | 9.77% |
11/25/2013 | 11/26/2013 | 11/27/2013 | $0.0000 | $0.0000 | $0.0866 | $5.5141 | $5.6007 | $60.81 | 39.25% |
11/28/2012 | 11/29/2012 | 11/30/2012 | $0.0000 | $0.0000 | $0.0000 | $3.7570 | $3.7570 | $48.63 | 15.63% |
11/28/2011 | 11/29/2011 | 11/30/2011 | $0.0000 | $0.0000 | $0.0000 | $7.7670 | $7.7670 | $45.00 | -2.68% |
12/13/2010 | 12/14/2010 | 12/15/2010 | $0.0000 | $0.0000 | $0.0000 | $0.7720 | $0.7720 | $55.03 | 21.66% |
05/27/2009 | 05/28/2009 | 05/29/2009 | $0.0000 | $0.0000 | $0.0000 | $0.5720 | $0.5720 | $36.92 | 31.85% |
12/19/2008 | 12/22/2008 | 12/23/2008 | $0.0000 | $0.0000 | $0.0000 | $2.0480 | $2.0480 | $33.90 | -40.75% |
12/19/2007 | 12/20/2007 | 12/21/2007 | $0.0000 | $0.0000 | $0.0000 | $2.0780 | $2.0780 | $63.49 | 10.13% |
11/17/2006 | 11/20/2006 | 11/21/2006 | $0.0000 | $0.0000 | $0.0000 | $4.6840 | $4.6840 | $59.24 | 14.64% |
11/21/2005 | 11/22/2005 | 11/23/2005 | $0.0000 | $0.0000 | $0.0000 | $2.8100 | $2.8100 | $56.97 | 12.47% |
11/22/2004 | 11/23/2004 | 11/24/2004 | $0.0000 | $0.0000 | $0.0000 | $2.9930 | $2.9930 | $49.13 | 27.13% |
11/20/2002 | 11/21/2002 | 11/22/2002 | $0.0000 | $0.0000 | $0.0000 | $1.1770 | $1.1770 | $35.09 | -19.99% |
11/14/2001 | 11/15/2001 | 11/16/2001 | $0.0000 | $0.0000 | $0.0000 | $4.0670 | $4.0670 | $40.85 | -10.12% |
11/15/2000 | 11/16/2000 | 11/17/2000 | $0.0000 | $0.0000 | $0.0000 | $4.6140 | $4.6140 | $54.69 | 0.36% |
12/27/1998 | 12/28/1998 | 12/29/1998 | $0.0410 | $0.0000 | $0.0000 | $0.0000 | $0.0410 | $50.81 | 4.27% |
12/26/1996 | 12/27/1996 | 12/30/1996 | $0.0000 | $0.0000 | $0.0000 | $0.0390 | $0.0390 | $35.66 | 21.96% |
12/26/1995 | 12/27/1995 | 12/28/1995 | $0.0000 | $0.0000 | $0.0000 | $0.0340 | $0.0340 | $29.24 | 35.28% |
12/27/1994 | 12/28/1994 | 12/29/1994 | $0.0000 | $0.0000 | $0.0000 | $0.6560 | $0.6560 | $21.67 | 7.42% |
12/27/1993 | 12/28/1993 | 12/29/1993 | $0.3180 | $0.0000 | $0.0000 | $0.4560 | $0.7740 | $20.85 | 23.48% |
12/28/1992 | 12/29/1992 | 12/30/1992 | $0.0000 | $0.0000 | $0.0000 | $0.1620 | $0.1620 | $17.49 | 13.90% |
12/29/1991 | 12/30/1991 | 12/31/1991 | $0.0000 | $0.0000 | $0.0350 | $0.0000 | $0.0350 | $15.60 | 34.00% |
12/27/1990 | 12/28/1990 | 12/29/1990 | $0.1980 | $0.0000 | $0.0000 | $0.0000 | $0.1980 | $11.67 | -18.49% |
12/27/1989 | 12/28/1989 | 12/29/1989 | $0.1550 | $0.0000 | $1.1740 | $0.0800 | $1.4090 | $14.51 | 24.97% |
12/27/1988 | 12/28/1988 | 12/29/1988 | $0.0480 | $0.0000 | $0.6190 | $0.0340 | $0.7010 | $12.77 | 34.42% |
12/21/1987 | 12/22/1987 | 12/23/1987 | $0.0260 | $0.0000 | $0.1710 | $0.0000 | $0.1970 | $10.06 | 2.98% |
as of 09/30/23
3 Years | 5 Years | 10 Years | |
---|---|---|---|
Standard Deviation (%) | 21.15 | 21.64 | 17.20 |
Sharpe Ratio | -0.06 | 0.21 | 0.53 |
Alpha (%) | -1.78 | -0.19 | 0.85 |
Beta | 0.97 | 0.94 | 0.95 |
R-Squared (%) | 92.91 | 94.46 | 93.23 |
Tracking Error (%) | 5.68 | 5.27 | 4.56 |
Information Ratio | -0.35 | -0.12 | 0.08 |
Upside Capture (%) | 101.39 | 99.55 | 101.60 |
Downside Capture (%) | 108.60 | 101.62 | 100.51 |
Except for Standard Deviation and Sharpe Ratio, the performance based-characteristics above were calculated relative to the Baron Asset Fund's(BARAX) benchmark (Russell Midcap Growth Index). Performance statistics for additional periods will be provided on request. Source FactSet: SPAR.
NAV | $102.42 |
---|---|
Daily Change ($) | $1.62 |
Daily Change (%) | $1.62 |
MTD | 1.61% |
QTD | 7.04% |
YTD | 11.70% |
BARIX - Baron Asset Fund - I | Russell Midcap Growth Index | S&P 500 Index | |
---|---|---|---|
QTD1 | -5.12% | -5.10% | -2.10% |
YTD1 | -0.99% | 4.28% | 10.69% |
1 Year | 1.65% | 3.35% | 10.14% |
3 Years | -0.37% | 0.79% | 10.36% |
5 Years | 7.30% | 8.09% | 11.01% |
10 Years | 9.30% | 9.09% | 11.18% |
Since Inception | 10.91% | 9.68% | 9.85% |
Expense Ratio2 - Gross | 1.04% | ||
Expense Ratio2 - Net | 1.04% |
*As of 10/31/23
*Annualized as of 10/31/23
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
BARIX - Baron Asset Fund - I | Russell Midcap Growth Index | S&P 500 Index | |
---|---|---|---|
QTD1 | -4.42% | -5.22% | -3.27% |
YTD1 | 4.35% | 9.88% | 13.07% |
1 Year | 17.10% | 17.47% | 21.62% |
3 Years | 0.60% | 2.61% | 10.15% |
5 Years | 6.33% | 6.97% | 9.92% |
10 Years | 10.32% | 9.94% | 11.91% |
Since Inception | 11.09% | 9.86% | 9.94% |
Expense Ratio2 - Gross | 1.04% | ||
Expense Ratio2 - Net | 1.04% |
*As of 09/30/23
*Annualized as of 10/31/23
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
as of 09/30/23
3 Years | 5 Years | 10 Years | |
---|---|---|---|
Standard Deviation (%) | 21.15 | 21.64 | 17.20 |
Sharpe Ratio | -0.06 | 0.21 | 0.53 |
Alpha (%) | -1.78 | -0.19 | 0.85 |
Beta | 0.97 | 0.94 | 0.95 |
R-Squared (%) | 92.91 | 94.46 | 93.23 |
Tracking Error (%) | 5.68 | 5.27 | 4.56 |
Information Ratio | -0.35 | -0.12 | 0.08 |
Upside Capture (%) | 101.39 | 99.55 | 101.60 |
Downside Capture (%) | 108.60 | 101.62 | 100.51 |
Except for Standard Deviation and Sharpe Ratio, the performance based-characteristics above were calculated relative to the Baron Asset Fund's(BARAX) benchmark (Russell Midcap Growth Index). Performance statistics for additional periods will be provided on request. Source FactSet: SPAR.
as of 10/31/23
Year | Baron Asset Fund | Russell Midcap Growth Index | S&P 500 Index |
---|---|---|---|
2022 | -25.87% | -26.72% | -18.11% |
2021 | 14.22% | 12.73% | 28.71% |
2020 | 33.33% | 35.59% | 18.40% |
2019 | 37.96% | 35.47% | 31.49% |
2018 | 0.14% | -4.75% | -4.38% |
2017 | 26.49% | 25.27% | 21.83% |
2016 | 6.51% | 7.33% | 11.96% |
2015 | 0.20% | -0.20% | 1.38% |
2014 | 9.77% | 11.90% | 13.69% |
2013 | 39.25% | 35.74% | 32.39% |
2012 | 15.63% | 15.81% | 16.00% |
2011 | -2.68% | -1.65% | 2.11% |
2010 | 21.66% | 26.38% | 15.06% |
2009 | 31.85% | 46.29% | 26.46% |
2008 | -40.75% | -44.32% | -37.00% |
2007 | 10.13% | 11.43% | 5.49% |
2006 | 14.64% | 10.66% | 15.79% |
2005 | 12.47% | 12.10% | 4.91% |
2004 | 27.13% | 15.48% | 10.88% |
2003 | 27.34% | 42.71% | 28.68% |
2002 | -19.99% | -27.41% | -22.06% |
2001 | -10.12% | -20.15% | -11.93% |
2000 | 0.36% | -11.75% | -9.10% |
1999 | 16.28% | 51.29% | 21.04% |
1998 | 4.27% | 17.86% | 28.58% |
1997 | 33.89% | 22.54% | 33.36% |
1996 | 21.96% | 17.48% | 22.96% |
1995 | 35.28% | 33.98% | 37.58% |
1994 | 7.42% | -2.16% | 1.32% |
1993 | 23.48% | 11.19% | 10.08% |
1992 | 13.90% | 8.71% | 7.62% |
1991 | 34.00% | 47.03% | 30.47% |
1990 | -18.49% | -5.13% | -3.10% |
1989 | 24.97% | 31.48% | 31.68% |
1988 | 34.42% | 12.93% | 16.59% |
1987 | 2.98% | -18.81% | -16.66% |
1Not annualized.
2Expense ratios are as of the fiscal year ended 9/30/2022.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
The 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 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.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
Record Date | 07/25/2022 | 11/22/2021 | 11/23/2020 | 11/25/2019 | 07/24/2019 | 11/28/2018 | 11/27/2017 | 11/28/2016 | 06/27/2016 | 12/02/2015 | 12/01/2014 | 11/25/2013 | 11/28/2012 | 11/28/2011 | 12/13/2010 | 05/27/2009 | 12/19/2008 | 12/19/2007 | 11/17/2006 | 11/21/2005 | 11/22/2004 | 11/20/2002 | 11/14/2001 | 11/15/2000 | 12/27/1998 | 12/26/1996 | 12/26/1995 | 12/27/1994 | 12/27/1993 | 12/28/1992 | 12/29/1991 | 12/27/1990 | 12/27/1989 | 12/27/1988 | 12/21/1987 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Ex Date | 07/26/2022 | 11/23/2021 | 11/24/2020 | 11/26/2019 | 07/25/2019 | 11/29/2018 | 11/28/2017 | 11/29/2016 | 06/28/2016 | 12/03/2015 | 12/02/2014 | 11/26/2013 | 11/29/2012 | 11/29/2011 | 12/14/2010 | 05/28/2009 | 12/22/2008 | 12/20/2007 | 11/20/2006 | 11/22/2005 | 11/23/2004 | 11/21/2002 | 11/15/2001 | 11/16/2000 | 12/28/1998 | 12/27/1996 | 12/27/1995 | 12/28/1994 | 12/28/1993 | 12/29/1992 | 12/30/1991 | 12/28/1990 | 12/28/1989 | 12/28/1988 | 12/22/1987 |
Payable Date | 07/27/2022 | 11/24/2021 | 11/25/2020 | 11/27/2019 | 07/26/2019 | 11/30/2018 | 11/29/2017 | 11/30/2016 | 06/29/2016 | 12/04/2015 | 12/03/2014 | 11/27/2013 | 11/30/2012 | 11/30/2011 | 12/15/2010 | 05/29/2009 | 12/23/2008 | 12/21/2007 | 11/21/2006 | 11/23/2005 | 11/24/2004 | 11/22/2002 | 11/16/2001 | 11/17/2000 | 12/29/1998 | 12/30/1996 | 12/28/1995 | 12/29/1994 | 12/29/1993 | 12/30/1992 | 12/31/1991 | 12/29/1990 | 12/29/1989 | 12/29/1988 | 12/23/1987 |
Income | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0410 | $0.0000 | $0.0000 | $0.0000 | $0.3180 | $0.0000 | $0.0000 | $0.1980 | $0.1550 | $0.0480 | $0.0260 |
Return of Capital | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
Short-Term Capital Gain | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0866 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0350 | $0.0000 | $1.1740 | $0.6190 | $0.1710 |
Long-Term Capital Gain | $0.0060 | $8.9820 | $3.3941 | $1.5044 | $0.0285 | $4.7319 | $4.9413 | $2.8044 | $0.0200 | $6.5739 | $4.1656 | $5.5141 | $3.7570 | $7.7670 | $0.7720 | $0.5720 | $2.0480 | $2.0780 | $4.6840 | $2.8100 | $2.9930 | $1.1770 | $4.0670 | $4.6140 | $0.0000 | $0.0390 | $0.0340 | $0.6560 | $0.4560 | $0.1620 | $0.0000 | $0.0000 | $0.0800 | $0.0340 | $0.0000 |
Total | $0.0060 | $8.9820 | $3.3941 | $1.5044 | $0.0285 | $4.7319 | $4.9413 | $2.8044 | $0.0200 | $6.5739 | $4.1656 | $5.6007 | $3.7570 | $7.7670 | $0.7720 | $0.5720 | $2.0480 | $2.0780 | $4.6840 | $2.8100 | $2.9930 | $1.1770 | $4.0670 | $4.6140 | $0.0410 | $0.0390 | $0.0340 | $0.6560 | $0.7740 | $0.1620 | $0.0350 | $0.1980 | $1.4090 | $0.7010 | $0.1970 |
Re-Invest NAV | $86.81 | $121.55 | $109.21 | $89.40 | $89.81 | $73.73 | $71.52 | $60.15 | $57.09 | $58.66 | $64.19 | $60.81 | $48.63 | $45.00 | $55.03 | $36.92 | $33.90 | $63.49 | $59.24 | $56.97 | $49.13 | $35.09 | $40.85 | $54.69 | $50.81 | $35.66 | $29.24 | $21.67 | $20.85 | $17.49 | $15.60 | $11.67 | $14.51 | $12.77 | $10.06 |
Calendar-Yr Return | -25.87% | 14.22% | 33.33% | 0.14% | 26.49% | 6.51% | 6.51% | 0.20% | 9.77% | 39.25% | 15.63% | -2.68% | 21.66% | 31.85% | -40.75% | 10.13% | 14.64% | 12.47% | 27.13% | -19.99% | -10.12% | 0.36% | 4.27% | 21.96% | 35.28% | 7.42% | 23.48% | 13.90% | 34.00% | -18.49% | 24.97% | 34.42% | 2.98% |
as of 09/30/23
Baron Asset Fund | Russell Midcap Growth Index | |
---|---|---|
Net Assets | $4.37 billion | |
# of Issuers / % of Net Assets | 50 / 99.4% | |
Turnover (3 Year Average) | 6.53% | |
Active Share | 82.6% | |
Median Market Cap | $21.24 billion | $10.60 billion |
Weighted Average Market Cap | $28.62 billion | $24.32 billion |
EPS Growth (3-5 year forecast) | 10.5% | 15.5% |
Price/Earnings Ratio (trailing 12-month) | 34.6 | 25.3 |
Price/Book Ratio | 4.4 | 7.1 |
Price/Sales Ratio | 4.9 | 2.2 |
The Net Assets include all share classes combined.
Price/Book Ratio and Price/Sales Ratio are calculated using the Weighted Harmonic Average. Source: FactSet PA. Internal valuation metrics may differ.
as of 10/31/23
Open All Close All | Holding | Sector | % of Net Assets |
---|---|---|---|
Gartner, Inc.Gartner, Inc. (IT) is the leading independent provider of research and advisory services for IT, HR, sales, finance, and marketing leaders. |
Information Technology | 9.3% | |
IDEXX Laboratories, Inc.IDEXX Laboratories, Inc. (IDXX) is the leading provider of diagnostics to the veterinary industry. |
Health Care | 6.3% | |
Verisk Analytics, Inc.Verisk Analytics, Inc. (VRSK) provides risk information to insurance companies that enables them to better understand and manage their risks and optimize their decision-making processes. |
Industrials | 5.2% | |
Arch Capital Group Ltd.Arch Capital Group Ltd. (ACGL) is a Bermuda-based insurance company providing property & casualty insurance, reinsurance, and mortgage insurance. |
Financials | 4.6% | |
CoStar Group, Inc.CoStar Group, Inc. (CSGP) is the leading provider of information and marketing services to the commercial real estate industry. |
Real Estate | 4.3% | |
Mettler-Toledo International Inc.Mettler-Toledo International Inc. (MTD) is a leading provider of precision instruments and services for customers in the life sciences, food, and chemical industries, among others. |
Health Care | 4.3% | |
FactSet Research Systems Inc.FactSet Research Systems Inc. (FDS) provides financial information to the global investment community. |
Financials | 3.9% | |
ANSYS, Inc.ANSYS, Inc. (ANSS) is a market leader offering simulation tools used mostly for product development. Companies use simulation software to test and optimize real-world forces on increasingly complex designs without a physical model, driving improving design, cost reduction, and shorter time to market. |
Information Technology | 3.8% | |
Guidewire Software, Inc.Guidewire Software, Inc. (GWRE) is a leading provider of core systems software to the global P&C insurance industry. |
Information Technology | 3.1% | |
Vail Resorts, Inc.Vail Resorts, Inc. (MTN) is the largest ski resort operator in North America. It owns 40 resorts in the U.S., Canada, and Australia, including Vail and Breckenridge in Colorado, Whistler Blackcomb in Canada, and Stowe in Vermont. Its RockResorts brand offers luxury ski lodging properties. |
Consumer Discretionary | 3.1% | |
Total |
47.8% |
Top Ten Fund Holdings based on net assets. Portfolio holdings may change over time.
as of 09/30/23
Name | Sector | % of Net Assets |
---|---|---|
Gartner, Inc. |
Information Technology | 9.1% |
IDEXX Laboratories, Inc. |
Health Care | 6.5% |
Verisk Analytics, Inc. |
Industrials | 5.1% |
Mettler-Toledo International Inc. |
Health Care | 4.5% |
CoStar Group, Inc. |
Real Estate | 4.3% |
Arch Capital Group Ltd. |
Financials | 4.0% |
ANSYS, Inc. |
Information Technology | 3.8% |
FactSet Research Systems Inc. |
Financials | 3.7% |
Vail Resorts, Inc. |
Consumer Discretionary | 3.1% |
Fair Isaac Corporation |
Information Technology | 3.0% |
West Pharmaceutical Services, Inc. |
Health Care | 2.9% |
Guidewire Software, Inc. |
Information Technology | 2.9% |
Roper Technologies, Inc. |
Information Technology | 2.8% |
VeriSign, Inc. |
Information Technology | 2.6% |
Ceridian HCM Holding Inc. |
Industrials | 2.5% |
TransUnion |
Industrials | 2.4% |
Bio-Techne Corporation |
Health Care | 2.4% |
The Charles Schwab Corp. |
Financials | 2.2% |
Veeva Systems Inc. Cl - A |
Health Care | 2.0% |
CDW Corporation |
Information Technology | 1.8% |
Space Exploration Technologies Corporation - Series N Preferred Stock |
Industrials | 1.7% |
Amphenol Corporation |
Information Technology | 1.7% |
IDEX Corporation |
Industrials | 1.6% |
Choice Hotels International, Inc. |
Consumer Discretionary | 1.5% |
The Cooper Companies, Inc. |
Health Care | 1.5% |
Rollins, Inc. |
Industrials | 1.4% |
Hyatt Hotels Corporation |
Consumer Discretionary | 1.3% |
DexCom, Inc. |
Health Care | 1.2% |
Quanta Services, Inc. |
Industrials | 1.2% |
ICON Plc |
Health Care | 1.1% |
Equinix, Inc. |
Real Estate | 1.1% |
CBRE Group, Inc. |
Real Estate | 1.0% |
The Trade Desk |
Communication Services | 1.0% |
StubHub Holdings, Inc. |
Communication Services | 0.9% |
Morningstar, Inc. |
Financials | 0.9% |
SS&C Technologies Holdings, Inc. |
Industrials | 0.9% |
On Holding Ag |
Consumer Discretionary | 0.8% |
Aspen Technology, Inc. |
Information Technology | 0.8% |
Repligen Corporation |
Health Care | 0.8% |
Tradeweb Markets Inc. |
Financials | 0.6% |
Willis Towers Watson Public Limited Company |
Financials | 0.6% |
MSCI Inc. |
Financials | 0.6% |
Booz Allen Hamilton Holding Corporation |
Industrials | 0.5% |
Floor & Decor Holdings, Inc. |
Consumer Discretionary | 0.5% |
argenx SE ADR |
Health Care | 0.5% |
MarketAxess Holdings Inc. |
Financials | 0.4% |
T. Rowe Price Group, Inc. |
Financials | 0.4% |
SBA Communications Corp. |
Real Estate | 0.4% |
LPL Financial Holdings Inc. |
Financials | 0.3% |
Axon Enterprise, Inc. |
Industrials | 0.3% |
Space Exploration Technologies Corporation - Cl - A |
Industrials | 0.2% |
Space Exploration Technologies Corporation - Cl - C |
Industrials | 0.1% |
As of 10/31/23
As of 10/31/23
Colors of Sub-Industry bars correspond to the GICS sector chart.
Quarterly as of 09/30/23
Top Contributors | Average Weight | Contribution |
---|---|---|
Guidewire Software, Inc. | 2.57% | 0.40% |
FactSet Research Systems Inc. | 3.42% | 0.28% |
StubHub Holdings, Inc. | 0.63% | 0.24% |
Arch Capital Group Ltd. | 3.71% | 0.21% |
Verisk Analytics, Inc. | 4.86% | 0.19% |
Quarterly as of 09/30/23
Top Detractors | Average Weight | Contribution |
---|---|---|
IDEXX Laboratories, Inc. | 7.10% | -0.86% |
Mettler-Toledo International Inc. | 4.78% | -0.77% |
CoStar Group, Inc. | 4.40% | -0.60% |
DexCom, Inc. | 1.65% | -0.51% |
Bio-Techne Corporation | 2.62% | -0.44% |
Source: FactSet PA.
09/30/20
In its annual update of its profiles of Baron Growth Fund and Baron Asset Fund, Morningstar upgraded both Funds to its “Silver” Analyst Rating. To view the profiles, visit www.morningstar.com. (Subscription required to access).
Morningstar Analyst Rating is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars (process, performance, people, parent and price). Morningstar’s analysts use this valuation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Morningstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Morningstar’s current expectations about future events. Morningstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly. The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with a “Gold” rating distinguishes itself across the five pillars and has garnered the analysts’ highest level of conviction. A fund with a ‘Silver’ rating has notable advantages across several, but perhaps not all, of the five pillars that give the analysts a high level of conviction. A “Bronze”-rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a ‘Neutral’ rating isn’t seriously flawed across the five pillars, nor does it distinguish itself very positively. A “Negative” rated fund is flawed in at least one if not more pillars and is considered an inferior offering to its peers. Analyst Ratings are reevaluated at least every 14 months. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
02/20/20
We are pleased to announce that Cliff Greenberg and Andrew Peck have been named Co-Chief Investment Officers of Baron Capital.
02/10/19
Baron is pleased to announce that Morningstar has added Baron Discovery Fund and Baron Global Advantage Fund to its “Prospects” list of up-and-coming or under-the-radar strategies that Morningstar Manager Research thinks might be worthy of full coverage someday. Currently, Baron Growth Fund, Baron Asset Fund, Baron Small Cap Fund, Baron Partners Fund, and Baron Emerging Markets Fund all have full coverage by Morningstar.
11/09/18
At the 2018 Baron Investment Conference, Ron Baron joined Ken Moelis, chairman and CEO of Moelis & Company, on CNBC’s “Squawk Box” to discuss Moelis’ investment strategy and the outlook for M&A activity. Watch the full interview on www.cnbc.com.
Portfolio holdings as a percentage of net assets as of September 30, 2018 for Moelis & Company are as follows: Baron Growth Fund (0.6%), Baron Small Cap Fund (0.9%).
02/05/18
In "The Journal Report," The Wall Street Journal's monthly review of mutual funds and ETFs, seven Baron funds ranked among the top performing funds in their respective peer groups for year-to-date total return through January 31, according to Lipper.
Among the funds listed were Baron Real Estate Fund (#1 in its category), Baron Real Estate Income Fund, Baron Partners Fund, Baron Asset Fund, Baron Fifth Avenue Growth Fund, Baron Opportunity Fund, and Baron Global Advantage Fund.
Note: Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.
09/04/17
The September 4, 2017 issue of Barron's profiled Andrew Peck, portfolio manager of Baron Asset Fund. In the piece, "In Search of Bigger Fish", Andrew discusses his approach to finding promising growth companies in the often-overlooked mid-cap space.
07/26/17
The July 26 online edition of Forbes features Baron Asset Fund in an interview of portfolio manager Andrew Peck by former Forbes Investors Advisory Institute president Wally Forbes. In the piece, "A Stock That Is Like Switzerland and Another One With a Very Compelling Razor/Razor Blade Model," Peck discussed two stocks in the Fund and why he likes them. Read the article at www.forbes.com.
SAI | 01/27/23 |
---|---|
Prospectus | 01/27/23 |
Summary Prospectus | 01/27/23 |
Fact Sheet | 09/30/23 |
Baron Investment Funds Trust Annual Financial Report | 09/30/23 |
Baron Investment Funds Trust Semi-Annual Financial Report | 03/31/23 |
2Q23 BIFT NPORT | 06/30/23 |
4Q22 BIFT NPORT | 12/31/22 |
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: Securities issued by medium sized companies may be thinly traded and may be more difficult to sell during market downturns. Even though the Fund is diversified, it may establish significant positions where the Adviser has the greatest conviction. This could increase volatility of the Fund’s returns.
The Fund may not achieve its objectives.
Performance for the Institutional Shares prior to 5/29/2009 is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns for the Institutional Shares prior to 5/29/2009 did not reflect this fee, the returns would be higher.
Prior to February 15, 2007, the Fund's strategy was to invest primarily in small and mid-sized growth companies. Since then, the Fund's investment strategy has shifted to mid-sized companies.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by BAMCO, Inc. and Baron Capital Management, Inc. (each an “Adviser” and collectively “Baron Capital” or the “Firm”). Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classification makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. All GICS structure changes that have occurred since 2016 have been applied retroactively in historical holdings-based analyses, including performance attribution. The Adviser may have reclassified/classified certain securities in or out of a sub-industry within a sector. Such reclassifications are not supported by S&P or MSCI.
Definitions (provided by BAMCO, Inc.): The indexes are unmanaged. The Russell Midcap® Growth Index measures the performance of medium-sized U.S. companies that are classified as growth, and the S&P 500 Index of 500 widely held large-cap U.S. companies. The indexes and the Fund are with dividends, which positively impact the performance results. All rights in the FTSE Russell Index (the “Index”) vest in the relevant LSE Group company which owns the Index. Russell® is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. Index performance is not fund performance. Investors cannot invest directly in an index. Standard Deviation : measures the degree to which a fund’s performance has varied from its average performance over a particular time period. The greater the standard deviation, the greater a fund’s volatility (risk). Sharpe Ratio is a risk-adjusted performance statistic that measures reward per unit of risk. The higher the Sharpe ratio, the better a fund’s risk adjusted performance. Alpha : measures the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta. Beta : measures a fund’s sensitivity to market movements. The beta of the market (Russell Midcap Growth) is 1.00 by definition. R-Squared : measures how closely a fund’s performance correlates to the performance of the benchmark index (Russell Midcap Growth Index), and thus is a measurement of what portion of its performance can be explained by the performance of the index. Values for R-Squared range from 0 to 100, where 0 indicates no correlation and 100 indicates perfect correlation. Tracking Error : measures how closely a fund’s return follows the benchmark index returns (Russell Midcap Growth Index). It is calculated as the annualized standard deviation of the difference between the fund and the index returns. Information Ratio: measures the excess return of a fund divided by the amount of risk the fund takes relative to the benchmark index (Russell Midcap Growth Index). The higher the information ratio, the higher the excess return expected of the fund, given the amount of risk involved. Upside Capture : explains how well a fund performs in time periods where the benchmark’s returns (Russell Midcap Growth Index) are greater than zero. Downside Capture : explains how well a fund performs in time periods where the benchmark’s returns (Russell Midcap Growth Index) are less than zero. EPS Growth Rate (3-5 year forecast) : indicates the long-term forecasted EPS growth of the companies in the portfolio, calculated using the weighted average of the available 3-to-5 year forecasted growth rates for each of the stocks in the portfolio provided by FactSet Estimates. The EPS Growth rate does not forecast the Fund’s performance. Price/ Earnings Ratio (trailing 12-months) : is a valuation ratio of a company’s current share price compared to its actual earnings per share over the last twelve months. Price/Book Ratio: is a ratio used to compare a company’s stock price to its tangible assets, and it is calculated by dividing the current closing price of the stock by the latest quarter’s book value per share. Price/Sales Ratio : is a valuation ratio of a stock’s price relative to its past performance. It represents the amount an investor is willing to pay for a dollar generated from a particular company’s operations. Price/Sales is calculated by dividing a stock’s current price by its revenue per share for the last 12 months. Weighted Harmonic Average: is a calculation that reduces the impact of extreme observations on the aggregate calculation by weighting them based on their size in the fund. This information does not constitute an offer to sell or a solicitation of any offer to buy securities by anyone in any jurisdiction where it would be unlawful under the laws of that jurisdiction to make such offer or solicitation. Active Share is a term used to describe the share of a portfolio’s holdings that differ from that portfolio’s benchmark index. It is calculated by comparing the weight of each holding in the Fund to that holding’s weight in the benchmark. Positions with either a positive or negative weighting versus the benchmark have Active Share. An Active Share of 100% implies zero overlap with the benchmark. Active Share was introduced in 2006 in a study by Yale academics, M. Cremers and A. Petajisto, as a measure of active portfolio management.
The prospective performance of the companies discussed herein is based on our internal analysis and reflect our opinions only. We cannot promise future returns and our opinions are a reflection of our best judgment at the time of publication. Our 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 has no obligation to update them. Investing in the stock market is always risky. Current and future portfolio holdings in the Baron Funds are subject to risk.
Historical Performance for the year 1987 is annualized for the period from inception on 6/12/1987 through 12/31/1987.
Top Ten Holdings, Portfolio Holdings, and Sector Breakdown based on net assets. Positions smaller than 0.05% round to 0.0%. Portfolio holdings may change over time.
One year turnover information to the most recent quarter and average market cap (unweighted) is available upon request.
Distributions prior to 5/29/2009 were for the Retail Share class only.
© Baron 2023 All rights reserved
Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Form CRS - Baron Capital, Inc. | Form CRS - Baron Capital Management, Inc.
BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).