Small Cap S

  • Baron Discovery Fund

    The Fund invests primarily in small-sized U.S. companies. It invests in a select number of high growth businesses that tend to be in an early phase of their lifecycles. Diversified.

  • Baron Growth Fund

    The Fund invests in small-sized U.S. companies with significant growth potential. Diversified.

  • Baron Small Cap Fund

    The Fund invests in small-sized U.S. companies with significant growth potential. Investments include fallen angels with strong long-term franchises that have disappointed investors, and special situations where lack of investor awareness creates opportunities. Diversified.

Small-Mid Cap S-M

  • Baron Focused Growth Fund

    This is a focused Fund that invests mainly in small- and mid-sized U.S. companies with significant growth potential. A substantial percentage of the Fund's assets are in its top 10 holdings. Non-diversified.

Mid Cap M

  • Baron Asset Fund

    The Fund invests mainly in mid-sized U.S. companies that have matured beyond their start-up phase and have significant secular growth opportunities. Diversified.

Large Cap L

  • Baron Fifth Avenue Growth Fund

    The Fund invests mainly in large-sized U.S. companies with significant growth potential and competitive advantages. Diversified.

  • Baron Durable Advantage Fund

    The Fund invests mainly in large-sized U.S. companies with competitive advantages. The strategy emphasizes businesses with excess free cash flow that can be returned to shareholders. Diversified.

All Cap A

  • Baron Opportunity Fund

    The Fund invests primarily in high growth businesses of any market capitalization benefiting from innovation through development of pioneering, transformative, or technologically advanced products and services. Diversified.

  • Baron Partners Fund

    This is a focused Fund that invests mainly 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. It also uses leverage. Non-diversified.

International IN

  • Baron Emerging Markets Fund

    The Fund invests primarily in emerging market companies of all sizes with significant growth potential. The Fund may invest up to 20% in companies in developed and frontier countries. Diversified.

  • Baron Global Advantage Fund

    The Fund invests mainly in growth companies of all sizes located throughout the world. Diversified.

  • Baron International Growth Fund

    The Fund invests mainly in non-U.S. companies of any size with significant growth potential. The Fund invests principally in companies in developed countries. Diversified.

Sector SCT

  • Baron Energy and Resources Fund

    The Fund invests mainly in energy and resource companies of any market capitalization. Diversified.

  • Baron Health Care Fund

    The Fund invests in companies engaged in the research, development, production, sale, delivery, or distribution of products and services related to the health care industry. The Fund may purchase securities of companies of any market capitalization. Non-diversified.

  • Baron Real Estate Fund

    The Fund invests broadly in real estate businesses with significant growth potential. It maintains exposure across different industries and all capitalization ranges. Diversified.

  • Baron Real Estate Income Fund

    The Fund invests primarily in income-producing real estate businesses of any size. It maintains significant exposure to REITs. Non-diversified.

Fund of Funds FF