WYNN - Baron Real Estate Fund Q1 2024 Shareholder Letter
2024-04-23 08:50:00 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 Real Estate Fund generated strong performance in the first quarter of 2024, gaining 8.28%.
- The Fund significantly outperformed the MSCI US REIT Index, which declined 0.62%, and it outperformed the MSCI USA IMI Extended Real Estate Index, which rose 6.59%.
- Since inception on December 31, 2009, through March 31, 2024, the Fund’s cumulative return of 558.6% significantly exceeds that of the REIT Index and MSCI Real Estate Index, which have increased 194.4% and 363.5%, respectively.
Dear Baron Real Estate Fund Shareholder: Performance
We are pleased to report that Consuelo Mack, a highly respected and distinguished business journalist, recently interviewed us and profiled Baron Real Estate Fund® (the Fund) in a TV interview for Consuelo Mack WealthTrack, that is set to broadcast in two half-hour segments on April 19, 2024, and April 26, 2024. We will attach a link to the interview on our Baron website homepage at baronfunds.com in the "News & Events" section at a later date.
The Fund generated strong performance in the first quarter of 2024, gaining 8.28% (Institutional Shares). The Fund significantly outperformed the MSCI US REIT Index (the REIT Index), which declined 0.62%, and it outperformed the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index), which rose 6.59%.
As of March 31, 2024, the Fund has received special recognition from Morningstar:
- #1 real estate fund ranking for each of its 10-year, 5-year, and 1-year performance periods
- #1 real estate fund ranking since the Fund's inception on December 31, 2009 5-Star Overall Morningstar Rating ™