BIPC - Baron Real Estate Income Fund Q1 2024 Shareholder Letter

2024-04-24 10:30:00 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 Real Estate Income Fund increased 1.96% in the first quarter of 2024, outperforming the MSCI US REIT Index, which declined 0.62%.
• As of March 31, 2024, the Fund has received high rankings from Morningstar for its performance.

Dear Baron Real Estate Income 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® 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. In the interview, we discussed several topics that we believe are relevant to the Baron Real Estate Income Fund® (the Fund). We will attach a link to the interviews on our Baron website homepage at baronfunds.com in the "News & Events" section at a later date.

The Fund increased 1.96% (Institutional Shares) in the first quarter of 2024, outperforming the MSCI US REIT Index (the REIT Index), which declined 0.62%.

Since inception on December 29, 2017, through March 31, 2024, the Fund's cumulative return of 64.46% was more than double that of the REIT Index, which increased 26.13%....

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