LEGN - Baron Health Care Fund Q1 2024 Shareholder Letter
2024-04-23 09:30:00 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.
- In the quarter ended March 31, 2024, Baron Health Care Fund advanced 8.92% compared with the 8.52% gain for the Russell 3000 Health Care Index and the 10.56% gain for the S&P 500 Index.
- The Fund’s 8.92% gain in the first quarter was roughly in line with the Benchmark, which rose 8.52%.
Dear Baron Health Care Fund Shareholder: Performance
In the quarter ended March 31, 2024, Baron Health Care Fund®(the Fund) advanced 8.92% (Institutional Shares), compared with the 8.52% gain for the Russell 3000 Health Care Index (the Benchmark) and the 10.56% gain for the S&P 500 Index (the Index). Since inception (April 30, 2018), the Fund increased 13.61% on an annualized basis compared with the 11.45% gain for the Benchmark and the 14.24% gain for the Index.
Table I. Performance
Annualized for periods ended March 31, 2024
| Baron Health |
| Baron Health |
| Russell |
| Care |
| Care |
| 3000 |
| Fund |
| Fund |
| Health |
| S&P |
| Retail |
| Institutional |
| Care |
| 500 |
| Shares 1,2 |
| Shares 1,2 |
| Index 1 |
| Index 1 |
| Three Months 3 |
| 8.84% |
| 8.92% |
| 8.52% |
| 10.56% |
| One Year |
| 20.09% |
| 20.36% |
| 15.41% |
| 29.88% |
| Three Years |
| 3.23% |
| 3.49% |
| 6.77% |
| 11.49% |
| Five Years Since Inception (April 30, 2018) |
| 13.91% 13.33% |
| 14.19% 13.61% |
| 10.76% 11.45% |
| 15.05% 14.24% |