Search Results
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Baron Discovery Fund (BDFIX)
YTD total returns as of 04/26/24-3.28%
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Baron Growth Fund (BGRIX)
YTD total returns as of 04/26/24-3.33%
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Baron Small Cap Fund (BSFIX)
YTD total returns as of 04/26/245.02%
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Baron Focused Growth Fund (BFGIX)
YTD total returns as of 04/26/24-2.76%
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Baron Asset Fund (BARIX)
YTD total returns as of 04/26/24-0.38%
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Baron Durable Advantage Fund (BDAIX)
YTD total returns as of 04/26/248.64%
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Baron Fifth Avenue Growth Fund (BFTIX)
YTD total returns as of 04/26/247.59%
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Baron Opportunity Fund (BIOIX)
YTD total returns as of 04/26/249.66%
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Baron Partners Fund (BPTIX)
YTD total returns as of 04/26/24-13.31%
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Baron Emerging Markets Fund (BEXIX)
YTD total returns as of 04/26/243.07%
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Baron Global Advantage Fund (BGAIX)
YTD total returns as of 04/26/24-0.95%
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Baron International Growth Fund (BINIX)
YTD total returns as of 04/26/24-0.58%
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Baron New Asia Fund (BNAIX)
YTD total returns as of 04/26/249.29%
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Baron FinTech Fund (BFIIX)
YTD total returns as of 04/26/240.49%
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Baron Health Care Fund (BHCHX)
YTD total returns as of 04/26/242.78%
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Baron Real Estate Fund (BREIX)
YTD total returns as of 04/26/24-0.84%
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Baron Real Estate Income Fund (BRIIX)
YTD total returns as of 04/26/24-4.13%
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Baron Technology Fund (BTECX)
YTD total returns as of 04/26/2411.10%
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Baron WealthBuilder Fund (BWBIX)
YTD total returns as of 04/26/24-1.12%
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 has reimbursed certain fund expenses (by contract as long as BAMCO, Inc. is the adviser to the Fund) for Baron Opportunity Fund, Baron Fifth Avenue Growth Fund, Baron Focused Growth Fund, Baron International Growth Fund, Baron Real Estate Fund, Baron Emerging Markets Funds, Baron Discovery Fund, Baron Durable Advantage Fund, Baron Real Estate income Fund and Baron WealthBuilder Fund and all Funds' 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 above.
Performance for Baron Partners Fund reflects the actual fees and expenses that were charged when the Fund was a partnership. The predecessor partnership charged a 20% performance fee after reaching a certain performance benchmark. If the annual returns for the Fund did not reflect the performance fees the returns would be higher. The Fund’s shareholders will not be charged a performance fee. The predecessor partnership’s performance is only for periods before the Fund’s registration statement was effective, which was April 30, 2003. During those periods, the predecessor partnership was not registered under the Investment Company Act of 1940 and was not subject to its requirements or the requirements of the Internal Revenue Code relating to registered investment companies, which, if it were, might have adversely affected its performance.
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.
Performance for the R6 Shares prior to January 28, 2016 is based on the Institutional Shares, and prior to May 29, 2009 is based on the Retail Shares, which have a distribution fee. The Institutional and R6 Shares do not have a distribution fee. If the annual returns for the R6 Shares prior to May 29, 2009 did not have this fee, the returns would be higher.
| Name | Asset Class | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception | Expense Ratio | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||||||
| Baron Discovery Fund (BDFIX) | S | 4.57% | 15.27% | -6.72% | 8.96% | 10.55% | 12.59% | 1.06% | 1.06% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 8.36% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 13.57% | |||||
DescriptionThe Fund primarily holds small-sized U.S. companies. It has a select number of high-growth businesses that tend to be in an early phase of their life cycles. Diversified. 
Laird Bieger Portfolio Manager since 2013 
Randolph Gwirtzman Portfolio Manager since 2013 |
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| Baron Growth Fund (BGRIX) | S | 5.52% | 12.46% | 3.87% | 11.69% | 10.81% | 12.97% | 1.05% | 1.05% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 7.88% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.75% | |||||
DescriptionThe portfolio managers purchase small-sized U.S. companies that have significant growth potential with the intention of holding them for the long term. Diversified. 
Ron Baron Portfolio Manager since 1982 
Neal Rosenberg Portfolio Manager since 2006 |
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| Baron Small Cap Fund (BSFIX) | S | 11.81% | 29.94% | 3.42% | 11.84% | 10.64% | 10.54% | 1.05% | 1.05% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 6.36% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 8.66% | |||||
DescriptionThe portfolio manager purchases high-quality small-sized U.S. companies that are market leaders with significant growth potential and intends to hold them for the long term. Diversified. 
Cliff Greenberg Portfolio Manager since 1997 |
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| Baron Focused Growth Fund (BFGIX) | S-M | 1.68% | 13.48% | 3.58% | 23.56% | 15.79% | 13.29% | 1.06% | 1.06% | ||
| Russell 2500 Growth Index | 8.51% | 21.12% | -0.81% | 9.39% | 9.56% | 8.28% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 9.70% | |||||
DescriptionThe portfolio managers purchase small- and mid-sized U.S. companies that have significant growth potential with the intention of holding them for the long term. A substantial percentage of the Fund's assets are in its top 10 holdings. Non-diversified.
Ron Baron Portfolio Manager since 1982 
David Baron Portfolio Manager since 2005 |
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| Baron Asset Fund (BARIX) | M | 6.00% | 18.08% | 2.10% | 9.98% | 11.06% | 11.47% | 1.05% | 1.05% | ||
| Russell Midcap Growth Index | 9.50% | 26.28% | 4.62% | 11.82% | 11.35% | 10.40% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.43% | |||||
DescriptionThe Fund mainly holds mid-sized U.S. companies that have matured beyond their start-up phase and have significant secular growth opportunities. Diversified. 
Andrew Peck Portfolio Manager since 2003 |
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| Baron Durable Advantage Fund (BDAIX) | L | 10.86% | 39.01% | 15.89% | 18.84% | N/A | 15.97% | 1.00% | 0.70% | ||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 13.37% | |||||
DescriptionThe Fund mainly holds large-sized U.S. companies with competitive advantages. The portfolio manager emphasizes businesses with excess free cash flow that can be returned to shareholders. Diversified. 
Alex Umansky Portfolio Manager since 2011 |
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| Baron Fifth Avenue Growth Fund (BFTIX) | L | 12.62% | 48.30% | -0.24% | 10.76% | 12.32% | 9.72% | 0.78% | 0.76% | ||
| Russell 1000 Growth Index | 11.41% | 39.00% | 12.50% | 18.52% | 15.98% | 11.97% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.29% | |||||
DescriptionThe Fund mainly holds large-sized U.S. companies with significant growth potential and competitive advantages. Diversified.
Alex Umansky Portfolio Manager since 2011 |
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| Baron Opportunity Fund (BIOIX) | A | 15.33% | 46.63% | 3.25% | 19.47% | 15.81% | 9.69% | 1.06% | 1.06% | ||
| Russell 3000 Growth Index | 11.23% | 37.95% | 11.54% | 17.82% | 15.43% | 7.15% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 7.77% | |||||
DescriptionThe Fund primarily holds high-growth businesses of any market capitalization benefiting from innovation through development of pioneering, transformative, or technologically advanced products and services. Diversified. 
Michael Lippert Portfolio Manager since 2006 |
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| Baron Partners Fund (BPTIX) | A | -9.01% | 5.78% | -0.20% | 25.16% | 17.37% | 14.70% | 1.99% | 1.99% | ||
| Russell Midcap Growth Index | 9.50% | 26.28% | 4.62% | 11.82% | 11.35% | 10.14% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.42% | |||||
DescriptionThis is a focused Fund that mainly holds in U.S. companies of any size with significant growth potential. A substantial percentage of the Fund's assets are in its top 10 holdings. The portfolio managers also use leverage. Non-diversified.
Ron Baron Portfolio Manager since 1982 
Michael Baron Portfolio Manager since 2004 |
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| Baron Emerging Markets Fund (BEXIX) | IN | 2.50% | 8.09% | -8.17% | 1.19% | 2.54% | 3.31% | 1.11% | 1.11% | ||
| MSCI EM Index | 2.37% | 8.15% | -5.05% | 2.22% | 2.95% | 1.70% | |||||
| MSCI EM IMI Growth Index | 2.98% | 6.75% | -7.54% | 3.02% | 3.69% | 2.55% | |||||
DescriptionThe Fund primarily holds emerging market companies of all sizes with significant growth potential. The Fund may have up to 20% in developed and frontier countries. Diversified. 
Michael Kass Portfolio Manager since 2007 |
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| Baron Global Advantage Fund (BGAIX) | IN | 3.59% | 18.88% | -13.49% | 5.63% | 9.29% | 10.64% | 0.95% | 0.91% | ||
| MSCI ACWI Index | 8.20% | 23.22% | 6.96% | 10.92% | 8.66% | 9.63% | |||||
| MSCI ACWI Growth Index | 9.50% | 28.21% | 6.74% | 13.57% | 11.02% | 11.45% | |||||
DescriptionThe Fund holds growth companies of all sizes located throughout the world. Diversified.
Alex Umansky Portfolio Manager since 2011 |
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| Baron International Growth Fund (BINIX) | IN | 1.35% | 5.11% | -5.22% | 4.79% | 5.15% | 8.88% | 0.98% | 0.95% | ||
| MSCI ACWI ex USA Index | 4.69% | 13.26% | 1.94% | 5.97% | 4.25% | 6.95% | |||||
| MSCI ACWI ex USA IMI Growth Index | 5.35% | 11.06% | -1.00% | 6.17% | 5.08% | 7.73% | |||||
DescriptionThe Fund mainly holds non-U.S. companies of any size with significant growth potential. Fund holdings are principally in developed countries. Diversified.
Michael Kass Portfolio Manager since 2007 |
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| Baron New Asia Fund (BNAIX) | IN | 6.36% | 9.42% | N/A | N/A | N/A | -6.50% | 6.93% | 1.20% | ||
| MSCI AC Asia ex Japan Index | 2.38% | 3.99% | N/A | N/A | N/A | -6.17% | |||||
| MSCI AC Asia ex Japan IMI Growth Index | 2.75% | 2.34% | N/A | N/A | N/A | -8.79% | |||||
DescriptionThe Fund primarily holds companies of all sizes with significant growth potential located in Asia. The portfolio managers' approach emphasizes securities in developing Asian markets, including frontier markets. Diversified.
Michael Kass Portfolio Manager since 2007 
Anuj Aggarwal Portfolio Manager since 2012 |
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| Baron FinTech Fund (BFIIX) | SCT | 6.33% | 29.12% | 1.80% | N/A | N/A | 10.58% | 1.21% | 0.95% | ||
| FactSet Global FinTech Index | 3.60% | 18.05% | -7.39% | N/A | N/A | 2.27% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | N/A | N/A | 13.95% | |||||
DescriptionThe Fund holds companies of any market capitalization that develop or use innovative technologies related in a significant way to financial services. The Fund principally has exposure to U.S. securities but may have up to 35% in non-U.S. securities. Non-diversified. 
Josh Saltman Portfolio Manager since 2011 |
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| Baron Health Care Fund (BHCHX) | SCT | 8.92% | 20.36% | 3.49% | 14.19% | N/A | 13.61% | 0.88% | 0.85% | ||
| Russell 3000 Health Care Index | 8.52% | 15.41% | 6.77% | 10.76% | N/A | 11.45% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 14.24% | |||||
DescriptionThe Fund holds companies engaged in the research, development, production, sale, delivery, or distribution of products and services related to the health care industry. The Fund may have exposure to securities of any market capitalization. Non-diversified. 
Neal Kaufman Portfolio Manager since 2018 |
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| Baron Real Estate Fund (BREIX) | SCT | 8.28% | 26.46% | 2.75% | 16.09% | 10.41% | 14.14% | 1.06% | 1.06% | ||
| MSCI USA IMI Extended Real Estate Index | 6.59% | 25.27% | 6.74% | 9.84% | 9.36% | 11.36% | |||||
| MSCI US REIT Index | -0.62% | 8.96% | 2.84% | 2.93% | 5.25% | 7.87% | |||||
DescriptionThe Fund holds a broad array of real estate businesses with growth potential. Its exposures span across different industries and all capitalization ranges. Diversified. 
Jeffrey Kolitch Portfolio Manager since 2009 |
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| Baron Real Estate Income Fund (BRIIX) | SCT | 1.96% | 12.46% | 0.95% | 9.41% | N/A | 8.29% | 0.96% | 0.80% | ||
| MSCI US REIT Index | -0.62% | 8.96% | 2.84% | 2.93% | N/A | 3.78% | |||||
DescriptionThe Fund primarily holds income-producing real estate businesses of any size. It has significant exposure to REITs. Non-diversified.
Jeffrey Kolitch Portfolio Manager since 2009 |
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| Baron Technology Fund (BTECX) | SCT | 14.73% | 53.08% | N/A | N/A | N/A | 1.93% | 5.04% | 0.95% | ||
| MSCI ACWI Information Technology Index | 12.05% | 40.52% | N/A | N/A | N/A | 7.08% | |||||
| S&P 500 Index | 10.56% | 29.88% | N/A | N/A | N/A | 6.13% | |||||
DescriptionThe Fund holds companies of any market capitalization that the portfolio managers believe have durable growth potential from the development, advancement, and/or use of technology. The Fund has exposure to U.S. securities but may have up to 35% in non-U.S. securities. Non-diversified.
Michael Lippert Portfolio Manager since 2006 
Ashim Mehra Portfolio Manager since 2011 |
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| Baron WealthBuilder Fund (BWBIX) | EA | 4.87% | 19.42% | 0.80% | 14.18% | N/A | 13.10% | 1.14% | 1.11% | ||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 13.37% | |||||
| MSCI ACWI Index | 8.20% | 23.22% | 6.96% | 10.92% | N/A | 8.92% | |||||
DescriptionThe Fund is an equity allocation strategy that exclusively holds other Baron Funds. This structure enables investors to obtain growth equity exposures across market caps, geographies, and sectors.
Ron Baron Portfolio Manager since 1982
Michael Baron Portfolio Manager since 2004 |
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Asset Class Key: S=Small Cap S-M=Small-Mid Cap M=Mid Cap L=Large Cap A=All Cap IN=International SCT=Sector EA=Equity Allocation
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 has reimbursed certain fund expenses (by contract as long as BAMCO, Inc. is the adviser to the Fund) for Baron Opportunity Fund, Baron Fifth Avenue Growth Fund, Baron Focused Growth Fund, Baron International Growth Fund, Baron Real Estate Fund, Baron Emerging Markets Funds, Baron Discovery Fund, Baron Durable Advantage Fund, Baron Real Estate income Fund and Baron WealthBuilder Fund and all Funds' 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 above.
Performance for Baron Partners Fund reflects the actual fees and expenses that were charged when the Fund was a partnership. The predecessor partnership charged a 20% performance fee after reaching a certain performance benchmark. If the annual returns for the Fund did not reflect the performance fees the returns would be higher. The Fund’s shareholders will not be charged a performance fee. The predecessor partnership’s performance is only for periods before the Fund’s registration statement was effective, which was April 30, 2003. During those periods, the predecessor partnership was not registered under the Investment Company Act of 1940 and was not subject to its requirements or the requirements of the Internal Revenue Code relating to registered investment companies, which, if it were, might have adversely affected its performance.
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.
Performance for the R6 Shares prior to January 28, 2016 is based on the Institutional Shares, and prior to May 29, 2009 is based on the Retail Shares, which have a distribution fee. The Institutional and R6 Shares do not have a distribution fee. If the annual returns for the R6 Shares prior to May 29, 2009 did not have this fee, the returns would be higher.
| Name | Asset Class | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception | Expense Ratio | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||||||
| Baron Discovery Fund (BDFIX) | S | 4.57% | 15.27% | -6.72% | 8.96% | 10.55% | 12.59% | 1.06% | 1.06% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 8.36% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 13.57% | |||||
DescriptionThe Fund primarily holds small-sized U.S. companies. It has a select number of high-growth businesses that tend to be in an early phase of their life cycles. Diversified.
Laird Bieger Portfolio Manager since 2013
Randolph Gwirtzman Portfolio Manager since 2013 |
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| Baron Growth Fund (BGRIX) | S | 5.52% | 12.46% | 3.87% | 11.69% | 10.81% | 12.97% | 1.05% | 1.05% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 7.88% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.75% | |||||
DescriptionThe portfolio managers purchase small-sized U.S. companies that have significant growth potential with the intention of holding them for the long term. Diversified.
Ron Baron Portfolio Manager since 1982
Neal Rosenberg Portfolio Manager since 2006 |
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| Baron Small Cap Fund (BSFIX) | S | 11.81% | 29.94% | 3.42% | 11.84% | 10.64% | 10.54% | 1.05% | 1.05% | ||
| Russell 2000 Growth Index | 7.58% | 20.35% | -2.68% | 7.38% | 7.89% | 6.36% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 8.66% | |||||
DescriptionThe portfolio manager purchases high-quality small-sized U.S. companies that are market leaders with significant growth potential and intends to hold them for the long term. Diversified.
Cliff Greenberg Portfolio Manager since 1997 |
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| Baron Focused Growth Fund (BFGIX) | S-M | 1.68% | 13.48% | 3.58% | 23.56% | 15.79% | 13.29% | 1.06% | 1.06% | ||
| Russell 2500 Growth Index | 8.51% | 21.12% | -0.81% | 9.39% | 9.56% | 8.28% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 9.70% | |||||
DescriptionThe portfolio managers purchase small- and mid-sized U.S. companies that have significant growth potential with the intention of holding them for the long term. A substantial percentage of the Fund's assets are in its top 10 holdings. Non-diversified.
Ron Baron Portfolio Manager since 1982
David Baron Portfolio Manager since 2005 |
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| Baron Asset Fund (BARIX) | M | 6.00% | 18.08% | 2.10% | 9.98% | 11.06% | 11.47% | 1.05% | 1.05% | ||
| Russell Midcap Growth Index | 9.50% | 26.28% | 4.62% | 11.82% | 11.35% | 10.40% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.43% | |||||
DescriptionThe Fund mainly holds mid-sized U.S. companies that have matured beyond their start-up phase and have significant secular growth opportunities. Diversified.
Andrew Peck Portfolio Manager since 2003 |
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| Baron Durable Advantage Fund (BDAIX) | L | 10.86% | 39.01% | 15.89% | 18.84% | N/A | 15.97% | 1.00% | 0.70% | ||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 13.37% | |||||
DescriptionThe Fund mainly holds large-sized U.S. companies with competitive advantages. The portfolio manager emphasizes businesses with excess free cash flow that can be returned to shareholders. Diversified.
Alex Umansky Portfolio Manager since 2011 |
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| Baron Fifth Avenue Growth Fund (BFTIX) | L | 12.62% | 48.30% | -0.24% | 10.76% | 12.32% | 9.72% | 0.78% | 0.76% | ||
| Russell 1000 Growth Index | 11.41% | 39.00% | 12.50% | 18.52% | 15.98% | 11.97% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.29% | |||||
DescriptionThe Fund mainly holds large-sized U.S. companies with significant growth potential and competitive advantages. Diversified.
Alex Umansky Portfolio Manager since 2011 |
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| Baron Opportunity Fund (BIOIX) | A | 15.33% | 46.63% | 3.25% | 19.47% | 15.81% | 9.69% | 1.06% | 1.06% | ||
| Russell 3000 Growth Index | 11.23% | 37.95% | 11.54% | 17.82% | 15.43% | 7.15% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 7.77% | |||||
DescriptionThe Fund primarily holds high-growth businesses of any market capitalization benefiting from innovation through development of pioneering, transformative, or technologically advanced products and services. Diversified.
Michael Lippert Portfolio Manager since 2006 |
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| Baron Partners Fund (BPTIX) | A | -9.01% | 5.78% | -0.20% | 25.16% | 17.37% | 14.70% | 1.99% | 1.99% | ||
| Russell Midcap Growth Index | 9.50% | 26.28% | 4.62% | 11.82% | 11.35% | 10.14% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | 12.96% | 10.42% | |||||
DescriptionThis is a focused Fund that mainly holds in U.S. companies of any size with significant growth potential. A substantial percentage of the Fund's assets are in its top 10 holdings. The portfolio managers also use leverage. Non-diversified.
Ron Baron Portfolio Manager since 1982
Michael Baron Portfolio Manager since 2004 |
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| Baron Emerging Markets Fund (BEXIX) | IN | 2.50% | 8.09% | -8.17% | 1.19% | 2.54% | 3.31% | 1.11% | 1.11% | ||
| MSCI EM Index | 2.37% | 8.15% | -5.05% | 2.22% | 2.95% | 1.70% | |||||
| MSCI EM IMI Growth Index | 2.98% | 6.75% | -7.54% | 3.02% | 3.69% | 2.55% | |||||
DescriptionThe Fund primarily holds emerging market companies of all sizes with significant growth potential. The Fund may have up to 20% in developed and frontier countries. Diversified.
Michael Kass Portfolio Manager since 2007 |
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| Baron Global Advantage Fund (BGAIX) | IN | 3.59% | 18.88% | -13.49% | 5.63% | 9.29% | 10.64% | 0.95% | 0.91% | ||
| MSCI ACWI Index | 8.20% | 23.22% | 6.96% | 10.92% | 8.66% | 9.63% | |||||
| MSCI ACWI Growth Index | 9.50% | 28.21% | 6.74% | 13.57% | 11.02% | 11.45% | |||||
DescriptionThe Fund holds growth companies of all sizes located throughout the world. Diversified.
Alex Umansky Portfolio Manager since 2011 |
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| Baron International Growth Fund (BINIX) | IN | 1.35% | 5.11% | -5.22% | 4.79% | 5.15% | 8.88% | 0.98% | 0.95% | ||
| MSCI ACWI ex USA Index | 4.69% | 13.26% | 1.94% | 5.97% | 4.25% | 6.95% | |||||
| MSCI ACWI ex USA IMI Growth Index | 5.35% | 11.06% | -1.00% | 6.17% | 5.08% | 7.73% | |||||
DescriptionThe Fund mainly holds non-U.S. companies of any size with significant growth potential. Fund holdings are principally in developed countries. Diversified.
Michael Kass Portfolio Manager since 2007 |
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| Baron New Asia Fund (BNAIX) | IN | 6.36% | 9.42% | N/A | N/A | N/A | -6.50% | 6.93% | 1.20% | ||
| MSCI AC Asia ex Japan Index | 2.38% | 3.99% | N/A | N/A | N/A | -6.17% | |||||
| MSCI AC Asia ex Japan IMI Growth Index | 2.75% | 2.34% | N/A | N/A | N/A | -8.79% | |||||
DescriptionThe Fund primarily holds companies of all sizes with significant growth potential located in Asia. The portfolio managers' approach emphasizes securities in developing Asian markets, including frontier markets. Diversified.
Michael Kass Portfolio Manager since 2007
Anuj Aggarwal Portfolio Manager since 2012 |
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| Baron FinTech Fund (BFIIX) | SCT | 6.33% | 29.12% | 1.80% | N/A | N/A | 10.58% | 1.21% | 0.95% | ||
| FactSet Global FinTech Index | 3.60% | 18.05% | -7.39% | N/A | N/A | 2.27% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | N/A | N/A | 13.95% | |||||
DescriptionThe Fund holds companies of any market capitalization that develop or use innovative technologies related in a significant way to financial services. The Fund principally has exposure to U.S. securities but may have up to 35% in non-U.S. securities. Non-diversified.
Josh Saltman Portfolio Manager since 2011 |
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| Baron Health Care Fund (BHCHX) | SCT | 8.92% | 20.36% | 3.49% | 14.19% | N/A | 13.61% | 0.88% | 0.85% | ||
| Russell 3000 Health Care Index | 8.52% | 15.41% | 6.77% | 10.76% | N/A | 11.45% | |||||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 14.24% | |||||
DescriptionThe Fund holds companies engaged in the research, development, production, sale, delivery, or distribution of products and services related to the health care industry. The Fund may have exposure to securities of any market capitalization. Non-diversified.
Neal Kaufman Portfolio Manager since 2018 |
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| Baron Real Estate Fund (BREIX) | SCT | 8.28% | 26.46% | 2.75% | 16.09% | 10.41% | 14.14% | 1.06% | 1.06% | ||
| MSCI USA IMI Extended Real Estate Index | 6.59% | 25.27% | 6.74% | 9.84% | 9.36% | 11.36% | |||||
| MSCI US REIT Index | -0.62% | 8.96% | 2.84% | 2.93% | 5.25% | 7.87% | |||||
DescriptionThe Fund holds a broad array of real estate businesses with growth potential. Its exposures span across different industries and all capitalization ranges. Diversified.
Jeffrey Kolitch Portfolio Manager since 2009 |
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| Baron Real Estate Income Fund (BRIIX) | SCT | 1.96% | 12.46% | 0.95% | 9.41% | N/A | 8.29% | 0.96% | 0.80% | ||
| MSCI US REIT Index | -0.62% | 8.96% | 2.84% | 2.93% | N/A | 3.78% | |||||
DescriptionThe Fund primarily holds income-producing real estate businesses of any size. It has significant exposure to REITs. Non-diversified.
Jeffrey Kolitch Portfolio Manager since 2009 |
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| Baron Technology Fund (BTECX) | SCT | 14.73% | 53.08% | N/A | N/A | N/A | 1.93% | 5.04% | 0.95% | ||
| MSCI ACWI Information Technology Index | 12.05% | 40.52% | N/A | N/A | N/A | 7.08% | |||||
| S&P 500 Index | 10.56% | 29.88% | N/A | N/A | N/A | 6.13% | |||||
DescriptionThe Fund holds companies of any market capitalization that the portfolio managers believe have durable growth potential from the development, advancement, and/or use of technology. The Fund has exposure to U.S. securities but may have up to 35% in non-U.S. securities. Non-diversified.
Michael Lippert Portfolio Manager since 2006
Ashim Mehra Portfolio Manager since 2011 |
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| Baron WealthBuilder Fund (BWBIX) | EA | 4.87% | 19.42% | 0.80% | 14.18% | N/A | 13.10% | 1.14% | 1.11% | ||
| S&P 500 Index | 10.56% | 29.88% | 11.49% | 15.05% | N/A | 13.37% | |||||
| MSCI ACWI Index | 8.20% | 23.22% | 6.96% | 10.92% | N/A | 8.92% | |||||
DescriptionThe Fund is an equity allocation strategy that exclusively holds other Baron Funds. This structure enables investors to obtain growth equity exposures across market caps, geographies, and sectors.
Ron Baron Portfolio Manager since 1982
Michael Baron Portfolio Manager since 2004 |
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Asset Class Key: S=Small Cap S-M=Small-Mid Cap M=Mid Cap L=Large Cap A=All Cap IN=International SCT=Sector EA=Equity Allocation
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 has reimbursed certain fund expenses (by contract as long as BAMCO, Inc. is the adviser to the Fund) for Baron Opportunity Fund, Baron Fifth Avenue Growth Fund, Baron Focused Growth Fund, Baron International Growth Fund, Baron Real Estate Fund, Baron Emerging Markets Funds, Baron Discovery Fund, Baron Durable Advantage Fund, Baron Real Estate income Fund and Baron WealthBuilder Fund and all Funds' 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 above.
Performance for Baron Partners Fund reflects the actual fees and expenses that were charged when the Fund was a partnership. The predecessor partnership charged a 20% performance fee after reaching a certain performance benchmark. If the annual returns for the Fund did not reflect the performance fees the returns would be higher. The Fund’s shareholders will not be charged a performance fee. The predecessor partnership’s performance is only for periods before the Fund’s registration statement was effective, which was April 30, 2003. During those periods, the predecessor partnership was not registered under the Investment Company Act of 1940 and was not subject to its requirements or the requirements of the Internal Revenue Code relating to registered investment companies, which, if it were, might have adversely affected its performance.
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.
Performance for the R6 Shares prior to January 28, 2016 is based on the Institutional Shares, and prior to May 29, 2009 is based on the Retail Shares, which have a distribution fee. The Institutional and R6 Shares do not have a distribution fee. If the annual returns for the R6 Shares prior to May 29, 2009 did not have this fee, the returns would be higher.