Please refer to the FAQs section accessible through the link below to learn more about the distributions and possible tax implications.
2023 Tax Distributions
Baron Funds - Estimated December 2023 Per Share Distribution Amounts
Please see below for the preliminary year-end distribution estimates to be paid in December 2023 for the Baron Funds.
These estimates were prepared using income and capital gain amounts through November 16, 2023. The estimates reflect undistributed income and net capital gains, and may not include all tax adjustments. The distribution amounts provided may change, perhaps significantly, due to the following reasons:
- The Funds are required to distribute net investment income earned through December 31, 2023. As the estimates were prepared with information through November 16, 2023, additional net investment income/losses through December 31, 2023, may impact the final distribution amounts.
- The total number of shares that will receive the distributions will change by the respective distribution dates, perhaps significantly.
Distributions will not be considered final until declaration on the ex-dividend dates.
Please note that for Baron Funds that have invested in real estate investment trusts (REITs) and publicly traded partnerships during the current tax year, a portion of the income distributions may be recharacterized as return of capital or as capital gain distributions. Information to properly reflect the impact of these recharacterizations will not be available until early 2024.
Distribution Estimates as of November 16, 2023
Please note that we do not currently anticipate year-end distributions for the following Funds:
Due to share purchase and sales activity, the actual amounts may differ from the estimated amounts. We strongly urge shareholders to consult with their tax advisers regarding the tax consequences of these distributions. This information does not constitute tax, legal or accounting advice and neither Baron Funds nor any of its agents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty.
The following Fund has made a Quarterly Distribution.
| Record Date | Ex Date | Payable Date | Income | Return of Capital | Short-Term Capital Gain | Long-Term Capital Gain | Total | Re-Invest NAV | Calendar-Yr Return |
|---|---|---|---|---|---|---|---|---|---|
| 09/25/2023 | 09/26/2023 | 09/27/2023 | $0.0638 | $0.0000 | $0.0000 | $0.0000 | $0.0638 | $12.71 | |
| 06/26/2023 | 06/27/2023 | 06/28/2023 | $0.0906 | $0.0000 | $0.0000 | $0.0000 | $0.0906 | $13.53 | |
| 03/27/2023 | 03/28/2023 | 03/29/2023 | $0.0827 | $0.0000 | $0.0000 | $0.0000 | $0.0827 | $12.65 |
The following Fund has made a Spillback Distribution.
| Fund | Income | Return of Capital | Short-Term Capital Gain | Long-Term Capital Gain | Total | Re-Invest NAV | Calendar-Yr Return |
|---|---|---|---|---|---|---|---|
| Baron WealthBuilder Fund (BWBIX) | $0.0053 | $0.0000 | $0.0000 | $0.0000 | $0.0053 | $15.90 |
The following Fund has made a Spillback Distribution.
| Fund | Income | Return of Capital | Short-Term Capital Gain | Long-Term Capital Gain | Total | Re-Invest NAV | Calendar-Yr Return |
|---|---|---|---|---|---|---|---|
| Baron Real Estate Fund (BREIX) | $0.0548 | $0.0000 | $0.0000 | $0.0000 | $0.0548 | $30.06 |
The following Fund has made a Spillback Distribution.
| Fund | Income | Return of Capital | Short-Term Capital Gain | Long-Term Capital Gain | Total | Re-Invest NAV | Calendar-Yr Return |
|---|---|---|---|---|---|---|---|
| Baron Growth Fund (BGRIX ) | $0.0000 | $0.0000 | $0.0000 | $0.0074 | $0.0074 | $103.34 |
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2023 Tax Distributions
Baron Funds - Estimated December 2023 Per Share Distribution Amounts
Please see below for the preliminary year-end distribution estimates to be paid in December 2023 for the Baron Funds.
These estimates were prepared using income and capital gain amounts through November 16, 2023. The estimates reflect undistributed income and net capital gains, and may not include all tax adjustments. The distribution amounts provided may change, perhaps significantly, due to the following reasons:
- The Funds are required to distribute net investment income earned through December 31, 2023. As the estimates were prepared with information through November 16, 2023, additional net investment income/losses through December 31, 2023, may impact the final distribution amounts.
- The total number of shares that will receive the distributions will change by the respective distribution dates, perhaps significantly.
Distributions will not be considered final until declaration on the ex-dividend dates.
Please note that for Baron Funds that have invested in real estate investment trusts (REITs) and publicly traded partnerships during the current tax year, a portion of the income distributions may be recharacterized as return of capital or as capital gain distributions. Information to properly reflect the impact of these recharacterizations will not be available until early 2024.
Distribution Estimates as of November 16, 2023
Please note that we do not currently anticipate year-end distributions for the following Funds:
Due to share purchase and sales activity, the actual amounts may differ from the estimated amounts. We strongly urge shareholders to consult with their tax advisers regarding the tax consequences of these distributions. This information does not constitute tax, legal or accounting advice and neither Baron Funds nor any of its agents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty.
| Record Date | 07/24/2023 | 09/25/2023 | 09/25/2023 | 06/26/2023 | 03/27/2023 | 09/26/2023 |
|---|---|---|---|---|---|---|
| Ex Date | 07/25/2023 | 09/26/2023 | 09/26/2023 | 06/27/2023 | 03/28/2023 | 09/27/2023 |
| Payable Date | 07/26/2023 | 09/27/2023 | 09/27/2023 | 06/28/2023 | 03/29/2023 | 09/28/2023 |
| Income | $0.0000 | $0.0548 | $0.0638 | $0.0906 | $0.0827 | $0.0053 |
| Return of Capital | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| Short-Term Capital Gain | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| Long-Term Capital Gain | $0.0074 | $0.0000 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| Total | $0.0074 | $0.0548 | $0.0638 | $0.0906 | $0.0827 | $0.0053 |
| Re-Invest NAV | $103.34 | $30.06 | $12.71 | $13.53 | $12.65 | $15.90 |
| Calendar-Yr Return |