The Fund invests primarily in companies of all sizes with significant growth potential located in Asia. The Fund emphasizes securities in developing Asian markets, including frontier markets. Diversified.
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IN
The Fund invests primarily in companies of all sizes with significant growth potential located in Asia. The Fund emphasizes securities in developing Asian markets, including frontier markets. Diversified.
As of Jun 30, 2022
NAV | $7.92 |
---|---|
Daily Change ($) | $0.00 |
Daily Change (%) | 0.00% |
YTD | -22.12% |
Inception Date | 7/30/2021 |
Portfolio Manager
years of exp 35
years at baron 15
Portfolio Manager
years of exp 14
years at baron 10
as of 06/30/22
NAV | Daily Change ($) | Daily Change (%) | MTD | QTD | YTD |
---|---|---|---|---|---|
$7.92 | $0.00 | 0.00% | -0.50% | -8.01% | -22.12% |
as of 05/31/22
QTD | YTD | Expense Ratio | |||
---|---|---|---|---|---|
Gross | Net | ||||
BNAFX - Baron New Asia Fund | -7.55% | -21.73% | 10.06% | 1.45% | |
MSCI AC Asia ex Japan Index | -4.73% | -12.34% | |||
MSCI AC Asia ex Japan IMI Growth Index | -5.41% | -16.30% |
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, 2032, 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.
as of 03/31/22
YTD | Expense Ratio | |||
---|---|---|---|---|
Gross | Net | |||
BNAFX - Baron New Asia Fund | -15.34% | 2.32% | 1.45% | |
MSCI AC Asia ex Japan Index | -7.99% | |||
MSCI AC Asia Index | -7.50% |
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, 2032, 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 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, 2032, 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.
as of 05/31/22
Year | Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index |
---|---|---|---|
2021 | 1.70% | -3.19% | -3.67% |
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, 2032, 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.
This information is not currently available.
NAV | $7.92 |
---|---|
Daily Change ($) | $0.00 |
Daily Change (%) | $0.00 |
MTD | -0.50% |
QTD | -8.01% |
YTD | -22.12% |
BNAFX - Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index | |
---|---|---|---|
QTD | -7.55% | -4.73% | -5.41% |
YTD | -21.73% | -12.34% | -16.30% |
Expense Ratio - Gross | 10.06% | ||
Expense Ratio - Net | 1.45% |
*As of 05/31/22
*Annualized as of 05/31/22
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, 2032, 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.
BNAFX - Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia Index | |
---|---|---|---|
YTD | -15.34% | -7.99% | -7.50% |
Expense Ratio - Gross | 2.32% | ||
Expense Ratio - Net | 1.45% |
*As of 03/31/22
*Annualized as of 05/31/22
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, 2032, 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.
as of 05/31/22
Year | Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index |
---|---|---|---|
2021 | 1.70% | -3.19% | -3.67% |
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, 2032, 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.
as of 03/31/22
Baron New Asia Fund | MSCI AC Asia ex Japan Index | |
---|---|---|
Net Assets | $4.05 million | |
# of Issuers / % of Net Assets | 72 / 93.8% | |
Active Share | 72.5% | |
Median Market Cap | $15.11 billion | $7.55 billion |
Weighted Average Market Cap | $111.81 billion | $126.31 billion |
EPS Growth (3-5 year forecast) | 19.9% | 15.6% |
Price/Earnings Ratio (trailing 12-month) | 25.3 | 13.0 |
Price/Book Ratio | 3.2 | 1.8 |
Price/Sales Ratio | 3.0 | 1.4 |
as of 05/31/22
Open All Close All | Holding | Sector | % of Net Assets |
---|---|---|---|
Taiwan Semiconductor Manufacturing Company Ltd.Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) is the world's largest independent semiconductor foundry, manufacturing chips on behalf of other companies. |
Information Technology | 5.5% | |
Tencent Holdings LimitedTencent Holdings Limited (700 HK) is a leading internet service company and the top game developer in China. Its primary platforms include QQ for instant messaging, WeChat for mobile messaging, and Qzone for social networking. |
Communication Services | 4.0% | |
Samsung Electronics Co., Ltd.Samsung Electronics Co., Ltd. (005930 KS) is a Korean technology conglomerate known for its leadership in consumer electronics and semiconductor manufacturing. |
Information Technology | 3.7% | |
Reliance Industries LimitedReliance Industries Limited (RIL IN) is India's leading conglomerate, with business interests that include oil refining, petrochemicals, media, telecommunications, and retail. |
Energy | 3.3% | |
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 | 2.9% | |
Bharti Airtel LimitedBharti Airtel Limited (BHARTI.IN) is a leading telecommunications company with operations in 18 countries across Asia and Africa. The company's product offerings include wireless, mobile commerce, and fixed line. |
Communication Services | 2.7% | |
ICICI Bank LimitedICICI Bank Limited (ICICIBC.IN) is India’s second largest private sector bank with a strong capital base and attractive liability franchise. The bank is focused on the retail segment, which is largely underpenetrated and provides a long runway for growth. |
Financials | 2.6% | |
Yum China Holdings Inc.Yum China Holdings, Inc. (YUMC) is a fast-food restaurant company incorporated in the United States, with operations in China. A spin-off from YUM! Brands, Yum China became an independent and publicly traded company in 2016. The company has several subsidiary brands, including KFC, Taco Bell, and Pizza Hut. |
Consumer Discretionary | 2.3% | |
Bajaj Finance LimitedBajaj Finance Ltd. (BAF.IN) is a leading non-banking financial corporation in India. It offers various financial products and services including housing loans, consumer durables financing, small- and medium-sized enterprise credit, and rural loans. |
Financials | 2.2% | |
Baidu, Inc.Baidu, Inc. (BIDU) is the leading search engine provider in China, with over 60% market share. |
Communication Services | 1.9% | |
Total |
31.1% |
as of 03/31/22
Name | Sector | % of Net Assets |
---|---|---|
Taiwan Semiconductor Manufacturing Company Ltd.-ADR |
Information Technology | 5.9% |
Tencent Holdings Limited - ADR |
Communication Services | 3.8% |
Samsung Electronics Co., Ltd. |
Information Technology | 3.5% |
Reliance Industries Limited |
Energy | 3.2% |
Alibaba Group Holding Limited - ADR |
Consumer Discretionary | 2.9% |
Bharti Airtel Limited |
Communication Services | 2.8% |
HDFC Bank Limited |
Financials | 2.7% |
Bajaj Finance Limited |
Financials | 2.5% |
ICICI Bank Limited |
Financials | 2.4% |
Aarti Industries Limited |
Materials | 2.1% |
Yum China Holdings Inc. |
Consumer Discretionary | 2.1% |
SBI Life Insurance Company Limited |
Financials | 1.8% |
Keyence Corporation |
Information Technology | 1.7% |
PT Bank Rakyat Indonesia (Persero) Tbk |
Financials | 1.7% |
ICICI Lombard General Insurance Company Limited |
Financials | 1.6% |
Hyundai Heavy Industries Co., Ltd. |
Industrials | 1.6% |
China Conch Venture Holdings Ltd. |
Industrials | 1.5% |
Tata Communications Limited |
Communication Services | 1.5% |
Asian Paints Limited |
Materials | 1.5% |
Han's Laser Technology Co., Ltd |
Industrials | 1.4% |
Divi's Laboratories Ltd. |
Health Care | 1.4% |
Titan Co. Ltd. |
Consumer Discretionary | 1.4% |
Kweichow Moutai Co., Ltd. |
Consumer Staples | 1.3% |
Midea Group Co., Ltd.- A |
Consumer Discretionary | 1.3% |
Baidu, Inc. |
Communication Services | 1.3% |
Max Financial Services Limited |
Financials | 1.2% |
Godrej Properties Limited |
Real Estate | 1.2% |
AIA Group Limited |
Financials | 1.2% |
Budweiser Brewing Company APAC Limited |
Consumer Staples | 1.2% |
Estun Automation Co., Ltd. |
Industrials | 1.2% |
Galaxy Entertainment Group Limited |
Consumer Discretionary | 1.1% |
Kingsoft Corporation Ltd. |
Communication Services | 1.1% |
Tokyo Electron Limited |
Information Technology | 1.1% |
Korea Shipbuilding & Offshore Engineering Co., Ltd. |
Industrials | 1.0% |
Tata Consumer Products Limited |
Consumer Staples | 1.0% |
Energy Absolute PCL |
Utilities | 1.0% |
JD.com, Inc. ADR |
Consumer Discretionary | 0.9% |
Jubilant FoodWorks Limited |
Consumer Discretionary | 0.9% |
Yunnan Baiyao Group Co., Ltd. |
Health Care | 0.9% |
Amber Enterprises India Ltd. |
Consumer Discretionary | 0.9% |
Apollo Hospitals Enterprise Limited |
Health Care | 0.9% |
Neogen Chemicals Limited |
Materials | 0.9% |
Hoya Corp |
Health Care | 0.9% |
Yonyou Network Technology Co., Ltd. |
Information Technology | 0.9% |
Korea Aerospace Industries, LTD. |
Industrials | 0.9% |
Gds Holdings Limited - Local Cl A |
Information Technology | 0.8% |
Hong Kong Exchanges and Clearing Limited |
Financials | 0.8% |
Venustech Group Inc. - Class A |
Information Technology | 0.8% |
Hangzhou Tigermed Consulting Co., Ltd. |
Health Care | 0.8% |
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A |
Health Care | 0.8% |
Xiaomi Corporation |
Information Technology | 0.8% |
PI Industries Limited |
Materials | 0.8% |
WuXi AppTec Co., Ltd |
Health Care | 0.8% |
NARI Technology Co. Ltd. |
Industrials | 0.8% |
Techtronic Industries Co. Ltd. |
Industrials | 0.8% |
Hua Hong Semiconductor Limited |
Information Technology | 0.7% |
Zai Lab Limited -Adr |
Health Care | 0.7% |
China Tourism Group Duty Free Corporation Limited |
Consumer Discretionary | 0.7% |
Zhejiang Dingli Machinery Co., Ltd. |
Industrials | 0.7% |
WuXi Biologics Cayman Inc. |
Health Care | 0.7% |
Dixon Technologies Ltd. |
Consumer Discretionary | 0.7% |
China Conch Environment Protection Holdings Limited |
Industrials | 0.7% |
Full Truck Alliance Co. Ltd. - ADR |
Industrials | 0.7% |
Yantai Jereh Oilfield Services Group Co., Ltd. |
Energy | 0.7% |
NAURA Technology Group Co., Ltd. |
Information Technology | 0.7% |
Silergy Corp. |
Information Technology | 0.6% |
Godrej Consumer Products Limited |
Consumer Staples | 0.5% |
Airtac International Group |
Industrials | 0.5% |
Will Semiconductor Co., Ltd. |
Information Technology | 0.5% |
Kingdee International Software Group Co. Ltd. |
Information Technology | 0.5% |
MediaTek Inc. |
Information Technology | 0.4% |
Zomato Limited |
Consumer Discretionary | 0.4% |
Bharti Airtel Limited PP |
Communication Services | 0.1% |
GDS Holdings Limited - ADR |
Information Technology | 0.0% |
As of 05/31/22
As of 05/31/22
As of 05/31/22
Quarterly as of 03/31/22
Top Contributors | Average Weight | Contribution |
---|---|---|
Reliance Industries Limited | 2.45% | 0.27% |
Bharti Airtel Limited | 2.25% | 0.24% |
Hyundai Heavy Industries Co., Ltd. | 1.28% | 0.20% |
PT Bank Rakyat Indonesia (Persero) Tbk | 1.29% | 0.20% |
Galaxy Entertainment Group Limited | 1.12% | 0.08% |
Quarterly as of 03/31/22
Top Detractors | Average Weight | Contribution |
---|---|---|
Tencent Holdings Limited | 3.35% | -0.81% |
Taiwan Semiconductor Manufacturing Company Ltd. | 5.45% | -0.75% |
Zhejiang Dingli Machinery Co., Ltd. | 1.33% | -0.69% |
Han’s Laser Technology Industry Group Co., Ltd | 1.91% | -0.62% |
Sea Limited | 0.52% | -0.59% |
10/29/21
Michael Kass, portfolio manager of Baron's Emerging Markets, International Growth, and New Asia Funds, makes the case for why he believes emerging market stocks are poised for outperformance. Click here for the full October 29, 2021, interview on PBS’s “Consuelo Mack’s WealthTrack.”
07/30/21
We are pleased to announce the launch of Baron New Asia Fund. The Fund, which is managed by Michael Kass and Anuj Aggarwal, is a differentiated strategy emphasizing higher growth, strategic, and forward looking investment opportunities in the Asia Pacific region.
SAI | 04/29/22 |
---|---|
Prospectus | 04/29/22 |
Summary Prospectus | 04/29/22 |
Baron Select Funds Semi-Annual Financial Report | 06/30/21 |
Baron Select Funds Annual Financial Report | 12/31/21 |
3Q21 Baron Select Funds NPORT | 09/30/21 |
Risks: 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. In addition, investments in developing countries may have increased risks due to a greater possibility of settlement delays; currency and capital controls; interest rate sensitivity; corruption and crime; exchange rate volatility; and inflation or deflation. Government actions, bureaucratic obstacles and inconsistent economic reform within the Indian government have had a significant effect on the Indian economy and could adversely affect market conditions, economic growth and the profitability of private enterprises in India.
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.
The Fund may not achieve its objectives.
The MSCI AC Asia Ex-Japan Index Net USD and the MSCI AC Asia Index Net USD are unmanaged, free float-adjusted market capitalization weighted indexes. The MSCI AC Asia Ex-Japan Index measures the performance of large and mid cap equity securities representation across 2 of 3 developed markets countries (excluding Japan) and 9 emerging markets countries in Asia. The MSCI AC Asia Index measures performance of large and midcap securities representation across developed and emerging markets countries in Asia, including Japan. MSCI is the source and owner of the trademarks, service marks and copyrights related to the MSCI Indexes. 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.
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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 broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).