The Fund invests mainly in growth companies of all sizes located throughout the world. Diversified.
View As:
View As:
The information contained on this site is intended for institutional investors only, and is published strictly for informational purposes only without regard to the investment objective, financial situation or specific needs of any particular investor. The information is not intended for use by institutional investors in a jurisdiction where distribution or purchase is not authorized.
An institutional investor is one that falls within one or more of the following categories:
If you do not fall within at least one of the above categories you should not access the information contained in the site.
By accessing this site you agree to be subject to the site's Terms of Use
Baron Capital Management, Inc. makes reasonable efforts to ensure the material on the site is as accurate and timely as possible and that disruptions of service are minimal, Baron Capital Management, Inc. makes no warranty or guarantee concerning the availability of this site or the services or the accuracy of the information on it. In addition, the information contained on the site is in no way intended to constitute investment advice, an offer to sell, or a recommendation of any security or investment product. In fact, the products described herein may not be available to, or suitable for, all investors. You should consider, if appropriate, obtaining independent professional advice before making an investment decision. Please consider the charges, risks, expenses and investment objectives carefully before investing. Nothing on this site is intended to constitute legal or tax advice.
Please keep in mind that the opinions and views expressed through the content and commentaries published on the site are just that - opinions and views - and that they are published on the site for informational purposes only. In addition, views and opinions are based on the information available at the time and may not necessarily be shared by Baron Capital Management, Inc., or its employees, in general. As the investing environment changes, so could this information, and Baron Capital Management, Inc. has no responsibility to update it.
Past performance is not a guarantee of future performance. Investment results and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Investors should be aware of the additional risks associated with investments in non-diversification, undervalued or overlooked companies and investments in specific industries. Additional risks may include those associated with investing in foreign securities, emerging markets, and companies with relatively small market capitalizations.
PLEASE CONFIRM
By selecting “I Agree” below, you confirm that you are an institutional investor or consultant to an institutional investor.
PLEASE CONFIRM
The link you have selected is not available within the Institution user experience. You will be switched to view this website as a Financial Advisor.
When you wish to view strategies again, click an 'Institution' link within the 'View As' menu or 'Strategies' in the footer.
PLEASE CONFIRM
By selecting “I Agree” below, you confirm that you are aware that you are leaving baronfunds.com website.
The website expresses the viewpoints and opinions of third parties and not necessarily those of Baron Capital, Inc. Baron Capital does not guarantee its accuracy, completeness, or fairness.
IN
The Fund invests mainly in growth companies of all sizes located throughout the world. Diversified.
As of Jan 15, 2021
NAV | $54.08 |
---|---|
Daily Change ($) | -$0.26 |
Daily Change (%) | -0.48% |
YTD | 3.48% |
Inception Date | 4/30/2012 |
Overall (out of 760 Funds)
Ratings based on risk-adjusted returns as of 12/31/2020
Category:US Fund World Large Stock
Portfolio Manager
years of exp 28
years at baron 10
1Source: FactSet SPAR.
For the period ended 12/31/2020, the Baron Global Advantage Fund received a 5-Star Overall Morningstar Rating™, 5-Star 3-Year Rating, and 5-Star 5-Year Rating. The Morningstar Ratings are based on the Morningstar Risk-Adjusted Return measures of 760, 760, and 631 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.
© 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.
as of 01/15/21
NAV | Daily Change ($) | Daily Change (%) | MTD | QTD | YTD |
---|---|---|---|---|---|
$54.08 | -$0.26 | -0.48% | 3.48% | 3.48% | 3.48% |
as of 11/30/20
QTD1 | YTD1 | 1 Year | 3 Years | 5 Years | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|---|---|---|
Gross | Net | |||||||
BGAIX - Baron Global Advantage Fund - I | 10.96% | 69.71% | 71.60% | 35.06% | 28.42% | 20.53% | 1.00% | 0.90% |
MSCI ACWI Index | 9.60% | 11.10% | 15.01% | 8.99% | 10.84% | 9.82% | ||
MSCI ACWI Growth Index | 7.59% | 27.10% | 31.59% | 16.30% | 15.41% | 12.93% |
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/19.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
as of 12/31/20
1 Year | 3 Years | 5 Years | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|---|
Gross | Net | |||||
BGAIX - Baron Global Advantage Fund - I | 79.46% | 35.99% | 30.14% | 21.09% | 1.00% | 0.90% |
MSCI ACWI Index | 16.25% | 10.06% | 12.26% | 10.29% | ||
MSCI ACWI Growth Index | 33.60% | 17.66% | 16.94% | 13.45% |
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/19.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
1Not annualized.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
Expense ratios are based on fiscal year ended 12/31/19.
as of 12/31/20
Year | Baron Global Advantage Fund | MSCI ACWI Index | MSCI ACWI Growth Index |
---|---|---|---|
2020 | 79.46% | 16.25% | 33.60% |
2019 | 45.45% | 26.60% | 32.72% |
2018 | -3.66% | -9.42% | -8.13% |
2017 | 49.82% | 23.97% | 30.00% |
2016 | -0.93% | 7.86% | 3.27% |
2015 | -1.51% | -2.36% | 1.55% |
2014 | 5.32% | 4.16% | 5.43% |
2013 | 30.13% | 22.80% | 23.17% |
2012 | 4.20% | 5.00% | 3.52% |
1Not annualized.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
Expense ratios are based on fiscal year ended 12/31/19.
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 |
---|---|---|---|---|---|---|---|---|---|
09/23/2015 | 09/24/2015 | 09/25/2015 | $0.0420 | $0.0000 | $0.0000 | $0.0162 | $0.0582 | $12.63 | |
09/22/2014 | 09/23/2014 | 09/24/2014 | $0.0000 | $0.0000 | $0.0009 | $0.0000 | $0.0009 | $14.27 | 5.32% |
as of 12/31/20
3 Years | 5 Years | Since Inception | |
---|---|---|---|
Standard Deviation (%) | 22.20 | 19.09 | 17.74 |
Sharpe Ratio | 1.55 | 1.52 | 1.15 |
Alpha (%) | 24.63 | 16.46 | 9.76 |
Beta | 1.00 | 1.02 | 1.07 |
R-Squared (%) | 68.42 | 65.48 | 67.09 |
Tracking Error (%) | 12.47 | 11.22 | 10.22 |
Information Ratio | 2.08 | 1.59 | 1.06 |
Upside Capture (%) | 141.25 | 142.02 | 130.15 |
Downside Capture (%) | 54.85 | 69.67 | 81.23 |
Except for Standard Deviation and Sharpe Ratio, the performance based-characteristics above were calculated relative to the Baron Global Advantage Fund's(BGAIX) benchmark (MSCI ACWI Growth Index). Performance statistics for additional periods will be provided on request. Source FactSet: SPAR.
NAV | $54.08 |
---|---|
Daily Change ($) | -$0.26 |
Daily Change (%) | -0.48% |
MTD | 3.48% |
QTD | 3.48% |
YTD | 3.48% |
BGAIX - Baron Global Advantage Fund - I | MSCI ACWI Index | MSCI ACWI Growth Index | |
---|---|---|---|
QTD1 | 10.96% | 9.60% | 7.59% |
YTD1 | 69.71% | 11.10% | 27.10% |
1 Year | 71.60% | 15.01% | 31.59% |
3 Years | 35.06% | 8.99% | 16.30% |
5 Years | 28.42% | 10.84% | 15.41% |
Since Inception | 20.53% | 9.82% | 12.93% |
Expense Ratio2 - Gross | 1.00% | ||
Expense Ratio2 - Net | 0.90% |
*As of 11/30/20
*Annualized as of 12/31/20
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/19.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
BGAIX - Baron Global Advantage Fund - I | MSCI ACWI Index | MSCI ACWI Growth Index | |
---|---|---|---|
1 Year | 79.46% | 16.25% | 33.60% |
3 Years | 35.99% | 10.06% | 17.66% |
5 Years | 30.14% | 12.26% | 16.94% |
Since Inception | 21.09% | 10.29% | 13.45% |
Expense Ratio2 - Gross | 1.00% | ||
Expense Ratio2 - Net | 0.90% |
*As of 12/31/20
*Annualized as of 12/31/20
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/19.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
as of 12/31/20
3 Years | 5 Years | Since Inception | |
---|---|---|---|
Standard Deviation (%) | 22.20 | 19.09 | 17.74 |
Sharpe Ratio | 1.55 | 1.52 | 1.15 |
Alpha (%) | 24.63 | 16.46 | 9.76 |
Beta | 1.00 | 1.02 | 1.07 |
R-Squared (%) | 68.42 | 65.48 | 67.09 |
Tracking Error (%) | 12.47 | 11.22 | 10.22 |
Information Ratio | 2.08 | 1.59 | 1.06 |
Upside Capture (%) | 141.25 | 142.02 | 130.15 |
Downside Capture (%) | 54.85 | 69.67 | 81.23 |
Except for Standard Deviation and Sharpe Ratio, the performance based-characteristics above were calculated relative to the Baron Global Advantage Fund's(BGAIX) benchmark (MSCI ACWI Growth Index). Performance statistics for additional periods will be provided on request. Source FactSet: SPAR.
as of 12/31/20
Year | Baron Global Advantage Fund | MSCI ACWI Index | MSCI ACWI Growth Index |
---|---|---|---|
2020 | 79.46% | 16.25% | 33.60% |
2019 | 45.45% | 26.60% | 32.72% |
2018 | -3.66% | -9.42% | -8.13% |
2017 | 49.82% | 23.97% | 30.00% |
2016 | -0.93% | 7.86% | 3.27% |
2015 | -1.51% | -2.36% | 1.55% |
2014 | 5.32% | 4.16% | 5.43% |
2013 | 30.13% | 22.80% | 23.17% |
2012 | 4.20% | 5.00% | 3.52% |
1Not annualized.
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 Adviser reimburses certain Baron Fund expenses pursuant to a contract expiring on August 29, 2031, unless renewed for another 11-year term 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.
The Fund’s 1, 3 and 5-year historical performance was impacted by gains from IPOs and/or secondary offerings, and there is no guarantee that these results can be repeated or that the Fund’s level of participation in IPOs and secondary offerings will be the same in the future.
Expense ratios are based on fiscal year ended 12/31/19.
Record Date | 09/23/2015 | 09/22/2014 |
---|---|---|
Ex Date | 09/24/2015 | 09/23/2014 |
Payable Date | 09/25/2015 | 09/24/2014 |
Income | $0.0420 | $0.0000 |
Return of Capital | $0.0000 | $0.0000 |
Short-Term Capital Gain | $0.0000 | $0.0009 |
Long-Term Capital Gain | $0.0162 | $0.0000 |
Total | $0.0582 | $0.0009 |
Re-Invest NAV | $12.63 | $14.27 |
Calendar-Yr Return | 5.32% |
as of 12/31/20
Baron Global Advantage Fund | MSCI ACWI Index | |
---|---|---|
Net Assets | $2.41 billion | |
# of Equity Securities / % of Net Assets | 60 / 97.1% | |
Turnover (3 Year Average) | 15.99% | |
Active Share | 92.4% | |
Median Market Cap | $18.72 billion | $11.06 billion |
Weighted Average Market Cap | $219.68 billion | $306.37 billion |
EPS Growth (3-5 year forecast) | 36.1% | 13.1% |
Price/Earnings Ratio (trailing 12- month) | 50.0 | 24.3 |
Price/Book Ratio | 9.2 | 2.3 |
Price/Sales Ratio | 9.7 | 1.9 |
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 12/31/20
Open All Close All | Holding | Sector | % of Net Assets |
---|---|---|---|
Amazon.com, Inc.Amazon.com, Inc. (AMZN) is an e-commerce pioneer, innovator, and market share leader, with relentless focus on providing value and convenience to its customers. It also operates the industry-leading cloud infrastructure business Amazon Web Services. |
Consumer Discretionary | 5.0% | |
Alibaba Group Holding LimitedAlibaba Group Holding Limited (BABA) is the largest e- commerce company in the world. Alibaba owns and operates the two largest online shopping platforms in China, Taobao and Tmall, as well as a 33% stake in Ant Financial, which is the country's dominant payments platform. |
Consumer Discretionary | 4.7% | |
Alphabet Inc.Alphabet Inc. (GOOG) is the world's most dominant online search provider and offers a variety of other services and products including display advertising, Android, Chrome, Google Cloud, Google Maps, Google Play, and YouTube. Its Other Bets segment consists of businesses such as CapitalG, GV, and Verily. |
Communication Services | 3.9% | |
RingCentral, Inc.RingCentral, Inc. (RNG) provides global enterprise cloud communications and collaboration services that provide a unified solution across multiple locations and devices and allows for communication across multiple channels, including voice, video, collaboration, conferencing, online meetings, and fax. |
Information Technology | 3.4% | |
GDS Holdings LimitedGDS Holdings Limited (GDS) is a market leading China-based operator of data centers with over 50 data centers, five markets, and approximately 200,000 square meters in service. More than 50% of its revenue comes from top Chinese internet companies. |
Information Technology | 3.4% | |
Facebook, Inc.Facebook, Inc. (FB) is the world's largest social network, with over 2.7 billion monthly active users and over 1.79 billion daily active users. Instagram, Messenger, WhatsApp, and Oculus are also part of the Facebook network. |
Communication Services | 3.3% | |
MercadoLibre, Inc.MercadoLibre, Inc. (MELI) is the largest e-commerce company in Latin America. The company operates the MercadoLibre e-commerce marketplace, Mercado Pago (a payments solution), and Mercado Envios, which offers shipping solutions for sellers on the company’s marketplace. |
Consumer Discretionary | 3.1% | |
Acceleron Pharma Inc.Acceleron Pharma Inc. (XLRN) is a biotechnology company developing a drug called Luspatercept for treatment of serious and chronic anemias. Acceleron has partnered with Celgene, which is managing commercial responsibilities for Luspatercept and paying Acceleron a royalty north of 20%. |
Health Care | 3.0% | |
Fiverr International Ltd.Fiverr International Ltd. (FVRR) is a two-sided online marketplace for freelance services. The company has built a digital marketplace with a comprehensive SKU-like services catalog and an efficient search, find, and order process that mirrors a typical e- commerce transaction. |
Consumer Discretionary | 2.6% | |
Opendoor Technologies Inc. |
Real Estate | 2.6% | |
Total |
35.0% |
Top Ten Fund Holdings based on net assets. Portfolio holdings may change over time.
as of 12/31/20
Name | Sector | % of Net Assets |
---|---|---|
Amazon.com, Inc. |
Consumer Discretionary | 5.0% |
Alibaba Group Holding Limited - ADR |
Consumer Discretionary | 4.7% |
Alphabet Inc. - Cl C |
Communication Services | 3.9% |
RingCentral, Inc. |
Information Technology | 3.4% |
Facebook, Inc. |
Communication Services | 3.3% |
MercadoLibre, Inc. |
Consumer Discretionary | 3.1% |
Acceleron Pharma Inc. |
Health Care | 3.0% |
GDS Holdings Limited - ADR |
Information Technology | 2.6% |
Fiverr International Ltd. |
Consumer Discretionary | 2.6% |
Twilio Inc. (Class A Shares) |
Information Technology | 2.6% |
Wix.com Ltd. |
Information Technology | 2.5% |
EPAM Systems, Inc. |
Information Technology | 2.5% |
Splunk, Inc. |
Information Technology | 2.4% |
Illumina, Inc. |
Health Care | 2.3% |
Endava plc -ADR |
Information Technology | 2.3% |
argenx SE - ADR |
Health Care | 2.3% |
Meituan Inc. - Class B |
Consumer Discretionary | 2.2% |
ZoomInfo Technologies Inc. |
Communication Services | 2.0% |
StoneCo Ltd. |
Information Technology | 1.9% |
Guardant Health, Inc. |
Health Care | 1.9% |
Zai Lab Limited -Adr |
Health Care | 1.9% |
CrowdStrike Holdings, Inc. |
Information Technology | 1.8% |
Shopify Inc. |
Information Technology | 1.8% |
Snowflake Inc. |
Information Technology | 1.8% |
TAL Education Group - ADR |
Consumer Discretionary | 1.8% |
10X Genomics, Inc. |
Health Care | 1.8% |
Veeva Systems Inc. Cl - A |
Health Care | 1.7% |
Bajaj Finance Limited |
Financials | 1.6% |
Adyen N.V. |
Information Technology | 1.6% |
PTC Therapeutics |
Health Care | 1.6% |
Schrodinger, Inc. |
Health Care | 1.4% |
Pinduoduo Inc. - ADR |
Consumer Discretionary | 1.4% |
Afya Limited |
Consumer Discretionary | 1.4% |
Pagseguro Digital Ltd |
Information Technology | 1.2% |
Nuvei Technologies Corp. |
Information Technology | 1.2% |
Cloudflare, Inc. |
Information Technology | 1.1% |
Slack Technologies Inc. - Class A |
Information Technology | 1.1% |
Dynatrace, Inc. |
Information Technology | 1.1% |
Zscaler Inc |
Information Technology | 1.0% |
Arrowhead Pharmaceuticals, Inc. |
Health Care | 0.8% |
Arco Platform, Ltd. - Class a |
Consumer Discretionary | 0.8% |
ASML Holding N.V. |
Information Technology | 0.8% |
Bill.com Holdings, Inc. |
Information Technology | 0.8% |
Datadog, Inc. - Class A |
Information Technology | 0.7% |
Sarissa Capital Acquisition Corp. |
Unclassified | 0.7% |
Gds Holdings Limited - Local Cl A |
Information Technology | 0.7% |
Globant, S.A. |
Information Technology | 0.7% |
Okta, Inc. |
Information Technology | 0.6% |
ION Acquisition Corp 1 Ltd. |
Unclassified | 0.6% |
Rivian Automotive, Inc.. - Series E Preferred Stock |
Consumer Discretionary | 0.5% |
DoorDash Inc. |
Consumer Discretionary | 0.4% |
Farmers Business Network, Inc. - Private |
Materials | 0.3% |
BigCommerce Holdings, Inc. |
Information Technology | 0.3% |
Resident Home Inc. - Series B-1 Preferred Stock |
Consumer Discretionary | 0.2% |
Allegro.eu |
Consumer Discretionary | 0.1% |
Zymergen Inc. - Series D Preferred Stock |
Materials | 0.1% |
nCino Inc. |
Information Technology | 0.0% |
DD3 Acquisition Corp. II - Private UNITS |
Unclassified | 0.0% |
As of 12/31/20
As of 12/31/20
Colors of Sub-Industry bars correspond to the GICS sector chart.
As of 12/31/20
Quarterly as of 12/31/20
Top Contributors | Average Weight | Contribution |
---|---|---|
Opendoor Technologies Inc. | 0.53% | 1.52% |
MercadoLibre, Inc. | 2.91% | 1.36% |
Fiverr International Ltd. | 2.85% | 1.10% |
Pinduoduo Inc. | 0.97% | 0.93% |
Twilio Inc. | 2.52% | 0.87% |
Quarterly as of 12/31/20
Top Detractors | Average Weight | Contribution |
---|---|---|
Alibaba Group Holding Limited | 5.94% | -1.37% |
Splunk, Inc. | 2.13% | -0.25% |
Afya Limited | 1.64% | -0.14% |
TAL Education Group | 1.96% | -0.13% |
Arco Platform Limited | 0.95% | -0.12% |
Source: FactSet PA.
11/11/20
Alex Umansky, described as “one of the world's best stock pickers for years” by Business Insider, discusses the core of his approach and how investors can keep themselves from being led off course in a November 11, 2020 profile.
08/01/20
In an August 1, 2020, article, “Investors are pouring into this fund that's riding global disruptors to a 40% return this year,” Baron Global Advantage Fund Portfolio Manager Alex Umansky talks about how the pandemic is compressing the time frame for the disruptive secular changes the Fund focuses on. (subscription required for access)
07/30/20
In a July 30, 2020 profile in Barron’s, “This $1.2 Billion Stock Fund Is Up More Than 40% in 2020. Here's How,” Alex Umansky, Portfolio Manager of Baron Global Advantage Fund, discusses why the kinds of companies he favors -- unique businesses with sustainable competitive advantages and very large addressable markets -- are well positioned for the realities of a COVID-19 world.
05/01/20
Baron Capital is pleased to announce that Mike Lippert has been named Head of Technology Research. In addition, Ishay Levin has been promoted to assistant portfolio manager of Baron Opportunity Fund and Guy Tartakovsky has been promoted to assistant portfolio manager of Baron Global Advantage Fund.
03/23/20
We are pleased to announce that Baron Global Advantage Fund was named Best Global Multi-Cap Growth Fund at the 2020 Lipper Awards for the second straight year. Click here to learn more.
02/07/20
Click here to watch Baron Global Advantage Fund Portfolio Manager Alex Umansky talk about “big idea” companies in his February 7 appearance on PBS’s “Consuelo Mack’s “WealthTrack.”
01/16/20
Business Insider sat down with Baron Global Advantage Fund Portfolio Manager Alex Umansky to discuss the Fund's strong year in 2019. Alex explained why he believes his high-conviction, long-term approach and focus on durable competitive advantages, sustainable growth, and exceptional management mean more of his holdings have the potential to outperform the market over time.
04/08/19
Citywire ranked Portfolio Manager Alex Umansky first out of 72 portfolio managers in the Global Multi-Cap Growth category. Read the full article here.
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.
12/14/18
In a December 14 Barron’s article, Alex Umansky, portfolio manager of Baron Global Advantage Fund and Baron Fifth Avenue Growth Fund, discussed several emerging market stocks he likes heading into 2019. To read the full article, visit www.barrons.com. (Subscription required to access).
Prospectus | 04/30/20 |
---|---|
Summary Prospectus | 04/30/20 |
SAI | 04/30/20 |
Fact Sheet | 09/30/20 |
Baron Select Funds Annual Financial Report | 12/31/19 |
Baron Select Funds Semi-Annual Financial Report | 06/30/20 |
XBRL Filings | 04/30/20 |
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: 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.
Definitions (provided by BAMCO, Inc.): The MSCI ACWI Growth Index and the MSCI ACWI Index cited are unmanaged, free float-adjusted market capitalization weighted indexes. The MSCI ACWI Growth Index measures the performance of large, mid and small cap growth securities across developed and emerging markets, including the United States. The MSCI ACWI Index measures the equity market performance of large and midcap securities across developed and emerging markets, including the United States. The indexes and the Fund include reinvestment of dividends, net of foreign withholding taxes, which positively impact the performance results. Index performance is not fund performance. Investors cannot invest directly in an index.
Definitions (provided by BAMCO, Inc.): 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 is 1.00 by definition. R-Squared: measures how closely a fund’s performance correlates to the performance of the benchmark 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. 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. 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 are greater than zero. Downside Capture: explains how well a fund performs in time periods where the benchmark’s returns are less than zero
Definitions (provided by Baron Capital, Inc.): EPS Growth Rate (3-5 Year): 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 observation on the aggregate calculation by weighting them based on their size in the fund. 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.
One year turnover information to the most recent quarter and average market cap (unweighted) is available upon request.
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”). All GICS data is provided “as is” with no warranties. The Adviser may have reclassified/classified certain securities in or out of a sub-industry. Such reclassifications are not supported by S&P or MSCI.
© Baron 2021 All rights reserved
Disclosure
Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a limited purpose broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).