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home / news releases / baron durable advantage fund q1 2024 shareholder let


META - Baron Durable Advantage Fund Q1 2024 Shareholder Letter

2024-05-10 00:30:00 ET

Summary

  • Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
  • Baron Durable Advantage Fund gained 10.9% in Q1 2024, slightly outperforming the S&P 500 Index.
  • The fund's performance was driven by a robust US economy and the strong performance of companies like Nvidia, Amazon, and Meta.
  • The portfolio structure is focused on high-quality, competitively advantaged companies with durable growth characteristics.

Dear Baron Durable Advantage Fund Shareholder:

Performance

It was another strong quarter.

Baron Durable Advantage Fund® ( BDAIX, the Fund) gained 10.9% (Institutional Shares) during the first quarter, slightly ahead of the 10.6% gain for the S&P 500 Index ( SP500 , SPX , the Index), the Fund's benchmark.

Table I. Performance Annualized for periods ended March 31, 2024

Baron

Durable

Advantage

Fund

Retail

Shares 1,2

Baron

Durable

Advantage

Fund

Institutional Shares 1,2

S&P 500

Index 1

Three Months 3

10.83%

10.86%

10.56%

One Year

38.68%

39.01%

29.88%

Three Years

15.61%

15.89%

11.49%

Five Years

18.56%

18.84%

15.05%

Since Inception (December 29, 2017)

15.70%

15.97%

13.37%

For further details see:

Baron Durable Advantage Fund Q1 2024 Shareholder Letter
Stock Information

Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ

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