Prices & Performance: Baron Technology Fund (BTECX)

Prices

as of 10/04/22

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NAV Daily Change ($) Daily Change (%) MTD QTD YTD
$6.30 $0.26 4.30% 6.60% 6.60% -37.00%

Performance

as of 09/30/22

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QTD YTD Expense Ratio
Gross Net
BTECX - Baron Technology Fund - I -4.52% -40.90% 1.73% 0.95%
MSCI ACWI Information Technology Index -7.27% -34.83%
S&P 500 Index -4.88% -23.87%
NAV $6.30
Daily Change ($) $0.26
Daily Change (%) $0.26
MTD 6.60%
QTD 6.60%
YTD -37.00%
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BTECX - Baron Technology Fund - I MSCI ACWI Information Technology Index S&P 500 Index
QTD -4.52% -7.27% -4.88%
YTD -40.90% -34.83% -23.87%
Expense Ratio - Gross 1.73%
Expense Ratio - Net 0.95%

*As of 09/30/22

*Annualized as of 09/30/22

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BTECX - Baron Technology Fund - I MSCI ACWI Information Technology Index S&P 500 Index
QTD -4.52% -7.27% -4.88%
YTD -40.90% -34.83% -23.87%
Expense Ratio - Gross 1.73%
Expense Ratio - Net 0.95%

*As of 09/30/22

*Annualized as of 09/30/22

This information is not currently available.

This information is not currently available.

Portfolio Characteristics

as of 06/30/22

Baron Technology Fund MSCI ACWI Information Technology Index
Net Assets$3.41 million
# of Issuers / % of Net Assets45 / 89.7%
Active Share69.8%
Median Market Cap$36.00 billion$10.71 billion
Weighted Average Market Cap$481.61 billion$821.24 billion
EPS Growth (3-5 year forecast)25.1%15.5%
Price/Earnings Ratio (trailing 12-month)37.221.0
Price/Book Ratio5.94.2
Price/Sales Ratio5.53.7

Contributors/Detractors

Quarterly as of 06/30/22

Top Contributors Average Weight Contribution
Alibaba Group Holding Limited 2.01% 0.14%

Insights & News: Baron Technology Fund (BTECX)

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: In addition to general market conditions, technology companies, including internet-related and information technology companies, as well as companies propelled by new technologies, may present the risk of rapid change and product obsolescence, and their successes may be difficult to predict for the long term. Technology companies may also be adversely affected by changes in governmental policies, competitive pressures and changing demand. 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. The Fund is non-diversified, which means it may have a greater percentage of its assets in a single issuer than a diversified fund. The Fund invests in companies of all sizes, including small and medium sized companies whose securities may be thinly traded and more difficult to sell during market downturns.

The Fund may not achieve its objectives.