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 05, 2023
NAV | $7.64 |
---|---|
Daily Change ($) | -$0.04 |
Daily Change (%) | -0.52% |
YTD | 2.83% |
Inception Date | 7/30/2021 |
Portfolio Manager
years of exp 36
years at baron 16
Portfolio Manager
years of exp 15
years at baron 11
as of 06/05/23
NAV | Daily Change ($) | Daily Change (%) | MTD | QTD | YTD |
---|---|---|---|---|---|
$7.64 | -$0.04 | -0.52% | 2.28% | 0.00% | 2.83% |
as of 05/31/23
QTD1 | YTD1 | 1 Year | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|---|
Gross | Net | |||||
BNAIX - Baron New Asia Fund - I | -2.23% | 0.54% | -6.39% | -14.71% | 7.22% | 1.20% |
MSCI AC Asia ex Japan Index | -3.87% | 0.30% | -8.08% | -12.68% | ||
MSCI AC Asia ex Japan IMI Growth Index | -4.74% | -0.17% | -9.67% | -15.88% |
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/21.
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, 2033, 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 03/31/23
YTD1 | 1 Year | Since Inception | Expense Ratio2 | ||
---|---|---|---|---|---|
Gross | Net | ||||
BNAIX - Baron New Asia Fund - I | 2.83% | -11.37% | -14.91% | 8.59% | 1.20% |
MSCI AC Asia ex Japan Index | 4.34% | -8.90% | -11.79% | ||
MSCI AC Asia ex Japan IMI Growth Index | 4.79% | -10.31% | -14.88% |
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/21.
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, 2033, 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.
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, 2033, 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 05/31/23
Year | Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index |
---|---|---|---|
2022 | -26.94% | -19.67% | -24.26% |
2021 | 1.70% | -3.19% | -3.67% |
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, 2033, 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 | $7.64 |
---|---|
Daily Change ($) | -$0.04 |
Daily Change (%) | -$0.04 |
MTD | 2.28% |
QTD | 0.00% |
YTD | 2.83% |
BNAIX - Baron New Asia Fund - I | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index | |
---|---|---|---|
QTD1 | -2.23% | -3.87% | -4.74% |
YTD1 | 0.54% | 0.30% | -0.17% |
1 Year | -6.39% | -8.08% | -9.67% |
Since Inception | -14.71% | -12.68% | -15.88% |
Expense Ratio2 - Gross | 7.22% | ||
Expense Ratio2 - Net | 1.20% |
*As of 05/31/23
*Annualized as of 05/31/23
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/21.
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, 2033, 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.
BNAIX - Baron New Asia Fund - I | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index | |
---|---|---|---|
YTD1 | 2.83% | 4.34% | 4.79% |
1 Year | -11.37% | -8.90% | -10.31% |
Since Inception | -14.91% | -11.79% | -14.88% |
Expense Ratio2 - Gross | 8.59% | ||
Expense Ratio2 - Net | 1.20% |
*As of 03/31/23
*Annualized as of 05/31/23
1Not annualized.
2Expense ratios are based on fiscal year ended 12/31/21.
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, 2033, 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 05/31/23
Year | Baron New Asia Fund | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan IMI Growth Index |
---|---|---|---|
2022 | -26.94% | -19.67% | -24.26% |
2021 | 1.70% | -3.19% | -3.67% |
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, 2033, 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 03/31/23
Baron New Asia Fund | MSCI AC Asia ex Japan Index | |
---|---|---|
Net Assets | $4.11 million | |
# of Issuers / % of Net Assets | 72 / 89.3% | |
Turnover (1 Year) | 50.39% | |
Active Share | 69.1% | |
Median Market Cap | $13.86 billion | $7.18 billion |
Weighted Average Market Cap | $114.88 billion | $113.47 billion |
EPS Growth (3-5 year forecast) | 14.7% | 14.7% |
Price/Earnings Ratio (trailing 12-month) | 23.3 | 12.8 |
Price/Book Ratio | 2.9 | 1.7 |
Price/Sales Ratio | 2.4 | 1.2 |
as of 04/30/23
Open All Close All | Holding | Sector | % of Net Assets |
---|---|---|---|
Taiwan Semiconductor Manufacturing Company LimitedTaiwan Semiconductor Manufacturing Company Ltd. (TSM) is the world's largest independent semiconductor foundry, manufacturing chips on behalf of other companies. |
Information Technology | 6.9% | |
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 | 5.0% | |
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 | 4.1% | |
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 payment platform. |
Consumer Discretionary | 3.5% | |
HDFC Bank LimitedHDFC Bank Limited (HDB) is one of India's largest and most recognized private sector banks, offering a broad range of financial services to retail and commercial clients. In April 2022, HDFC Bank announced it entered an agreement to merge with parent company HDFC Ltd. |
Financials | 3.1% | |
Bajaj Finance LimitedBajaj Finance Limited (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 | 2.8% | |
Yum China Holdings Inc.Yum China Holdings, Inc. (YUMC) is the master franchisee for Yum! Brands in China, primarily KFC and Pizza Hut, and the largest Western quick-service restaurant operator in the country. |
Consumer Discretionary | 2.4% | |
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 | 2.3% | |
PT Bank Rakyat Indonesia (Persero) TbkBank Rakyat Indonesia (Persero) Tbk PT (BBRI.IJ) is a leading commercial bank in Indonesia and the biggest microfinance lender in the country, with particular strength in fast growing regions outside Jakarta. |
Financials | 2.0% | |
Keyence CorporationKeyence Corporation (6861 JP) is a leading developer and manufacturer of factory automation equipment. The company's products include fiber optic sensors, photoelectric sensors, laser scan, and bar code readers. Keyence is headquartered in Osaka, Japan. |
Information Technology | 1.9% | |
Total |
33.9% |
as of 03/31/23
Name | Sector | % of Net Assets |
---|---|---|
Taiwan Semiconductor Manufacturing Company Limited |
Information Technology | 7.1% |
Samsung Electronics Co., Ltd. |
Information Technology | 4.9% |
Tencent Holdings Limited - ADR |
Communication Services | 4.0% |
Alibaba Group Holding Limited - ADR |
Consumer Discretionary | 3.9% |
HDFC Bank Limited |
Financials | 2.7% |
Yum China Holdings Inc. |
Consumer Discretionary | 2.4% |
Bajaj Finance Limited |
Financials | 2.1% |
Keyence Corporation |
Information Technology | 2.0% |
Reliance Industries Limited |
Energy | 2.0% |
Kingsoft Corporation Ltd. |
Communication Services | 1.9% |
AIA Group Limited |
Financials | 1.8% |
PT Bank Rakyat Indonesia (Persero) Tbk |
Financials | 1.7% |
Estun Automation Co., Ltd. |
Industrials | 1.7% |
Delta Electronics, Inc. |
Information Technology | 1.6% |
Glodon Company Limited |
Information Technology | 1.5% |
Korea Shipbuilding & Offshore Engineering Co., Ltd. |
Industrials | 1.5% |
Galaxy Entertainment Group Limited |
Consumer Discretionary | 1.5% |
SBI Life Insurance Company Limited 144A |
Financials | 1.5% |
Godrej Consumer Products Limited |
Consumer Staples | 1.5% |
Budweiser Brewing Company APAC Limited 144A |
Consumer Staples | 1.5% |
Bharti Airtel Limited |
Communication Services | 1.5% |
Jiangsu Hengli Hydraulic Co., Ltd. |
Industrials | 1.5% |
China Mengniu Dairy Co. Ltd. |
Consumer Staples | 1.4% |
Wuliangye Yibin Co., Ltd. |
Consumer Staples | 1.3% |
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A |
Health Care | 1.3% |
Coupang, Inc. |
Consumer Discretionary | 1.3% |
Full Truck Alliance Co. Ltd. - ADR |
Industrials | 1.3% |
Hoya Corp |
Health Care | 1.2% |
Hindustan Unilever Limited |
Consumer Staples | 1.2% |
Tata Communications Limited |
Communication Services | 1.2% |
JD.com, Inc. ADR |
Consumer Discretionary | 1.1% |
Titan Co. Ltd. |
Consumer Discretionary | 1.1% |
Venustech Group Inc. - Class A |
Information Technology | 1.1% |
Hyundai Heavy Industries Co., Ltd. |
Industrials | 1.0% |
NARI Technology Co. Ltd. |
Industrials | 1.0% |
Midea Group Co., Ltd.- A |
Consumer Discretionary | 1.0% |
Yunnan Baiyao Group Co., Ltd. |
Health Care | 1.0% |
Kingdee International Software Group Company Limited |
Information Technology | 0.9% |
Neogen Chemicals Limited |
Materials | 0.9% |
Hong Kong Exchanges and Clearing Limited |
Financials | 0.8% |
Zai Lab Limited -Adr |
Health Care | 0.8% |
Korea Aerospace Industries, Ltd. |
Industrials | 0.8% |
PT Bank Negara Indonesia (Persero) Tbk |
Financials | 0.8% |
Techtronic Industries Co. Ltd. |
Industrials | 0.8% |
Baidu, Inc. |
Communication Services | 0.7% |
Zomato Limited |
Consumer Discretionary | 0.7% |
Tokyo Electron Limited |
Information Technology | 0.7% |
Silergy Corp. |
Information Technology | 0.7% |
Pernod Ricard SA |
Consumer Staples | 0.7% |
China Tourism Group Duty Free Corporation Limited |
Consumer Discretionary | 0.6% |
Aarti Industries Limited |
Materials | 0.5% |
Tata Consumer Products Limited |
Consumer Staples | 0.5% |
Godrej Properties Limited |
Real Estate | 0.5% |
Divi’s Laboratories Limited |
Health Care | 0.5% |
Jubilant FoodWorks Limited |
Consumer Discretionary | 0.5% |
MediaTek Inc. |
Information Technology | 0.5% |
Max Financial Services Limited |
Financials | 0.5% |
Dixon Technologies Ltd. |
Consumer Discretionary | 0.5% |
Apollo Hospitals Enterprise Limited |
Health Care | 0.5% |
Amber Enterprises India Ltd. |
Consumer Discretionary | 0.5% |
Hangzhou Tigermed Consulting Co., Ltd. |
Health Care | 0.5% |
PI Industries Limited |
Materials | 0.5% |
Airtac International Group |
Industrials | 0.5% |
Aarti Pharmalabs Limited |
Health Care | 0.5% |
Tata Consultancy Services Limited |
Information Technology | 0.5% |
360 ONE WAM LIMITED |
Financials | 0.5% |
JM Financial Limited |
Financials | 0.4% |
LG Chem, Ltd. |
Materials | 0.3% |
Samsung SDI Co., Ltd. |
Information Technology | 0.3% |
Baidu, Inc. |
Communication Services | 0.3% |
Tube Investments of India Limited |
Consumer Discretionary | 0.3% |
Kanzhun Limited |
Communication Services | 0.3% |
Lufax Holding Ltd |
Financials | 0.3% |
Bharti Airtel Limited PP |
Communication Services | 0.1% |
JD.com, Inc. |
Consumer Discretionary | 0.1% |
As of 04/30/23
As of 04/30/23
As of 04/30/23
Quarterly as of 03/31/23
Top Contributors | Average Weight | Contribution |
---|---|---|
Taiwan Semiconductor Manufacturing Company Limited | 6.51% | 1.26% |
Tencent Holdings Limited | 3.63% | 0.72% |
Kingsoft Corporation Ltd. | 1.47% | 0.67% |
Alibaba Group Holding Limited | 3.40% | 0.51% |
Samsung Electronics Co., Ltd. | 4.61% | 0.41% |
Quarterly as of 03/31/23
Top Detractors | Average Weight | Contribution |
---|---|---|
Bajaj Finance Limited | 2.30% | -0.37% |
JD.com, Inc. | 1.27% | -0.30% |
Energy Absolute PCL | 0.94% | -0.29% |
Kingdee International Software Group Company Limited | 1.12% | -0.29% |
Hyundai Heavy Industries Co., Ltd. | 1.17% | -0.22% |
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. Watch 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.
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%).
SAI | 04/28/23 |
---|---|
Prospectus | 04/28/23 |
Summary Prospectus | 04/28/23 |
Baron Select Funds Annual Financial Report | 12/31/22 |
Baron Select Funds Semi-Annual Financial Report | 06/30/22 |
Fact Sheet | 03/31/23 |
1Q23 Baron Select Funds NPORT | 03/31/23 |
3Q22 Baron Select Funds NPORT | 09/30/22 |
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.
© Baron 2023 All rights reserved
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).