ZI - Baron Fifth Avenue Growth Fund Q1 2022

• Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to growth investing.
• Baron Fifth Avenue Growth Fund declined 21.0% (Institutional Shares) during the first quarter.
• We have sold 9 names in the quarter reduced 15 existing positions in order to meet investor redemptions as well as reallocate capital to our higher conviction ideas.
• The fund’s portfolio is constructed on a bottom-up basis with the quality of ideas and conviction level determining the size of each investment.

For further details see: