AMZN - Baron Growth Fund Q1 2024 Shareholder Letter

2024-05-03 07:00:00 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 Growth Fund gained 5.52% for the quarter ended March 31, 2024.
• The Fund’s underperformance was partially due to not investing in two securities that generated over half of the Benchmark’s return.
• We seek to invest in businesses with attractive fundamental characteristics and long-term growth prospects.

Dear Baron Growth Fund Shareholder - Performance

Baron Growth Fund® (the Fund) gained 5.52% (Institutional Shares) for the quarter ended March 31, 2024. This trailed the return of the Fund's benchmark, the Russell 2000 Growth Index (the Benchmark), which gained 7.58% for the quarter. The S&P 500 Index, which measures the performance of publicly traded large-cap U.S. companies, gained 10.56% for the quarter....

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