2024-05-10 00:30:00 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 Durable Advantage Fund gained 10.9% in Q1 2024, slightly outperforming the S&P 500 Index.
- The fund's performance was driven by a robust US economy and the strong performance of companies like Nvidia, Amazon, and Meta.
- The portfolio structure is focused on high-quality, competitively advantaged companies with durable growth characteristics.
Dear Baron Durable Advantage Fund Shareholder:
Performance
It was another strong quarter.
Baron Durable Advantage Fund® ( BDAIX, the Fund) gained 10.9% (Institutional Shares) during the first quarter, slightly ahead of the 10.6% gain for the S&P 500 Index ( SP500 , SPX , the Index), the Fund's benchmark.
Table I. Performance Annualized for periods ended March 31, 2024
Baron Durable Advantage Fund Retail Shares 1,2 | Baron Durable Advantage Fund Institutional Shares 1,2 | S&P 500 Index 1 | |
Three Months 3 | 10.83% | 10.86% | 10.56% |
One Year | 38.68% | 39.01% | 29.88% |
Three Years | 15.61% | 15.89% | 11.49% |
Five Years | 18.56% | 18.84% | 15.05% |
Since Inception (December 29, 2017) | 15.70% | 15.97% | 13.37% |
Read the full article on Seeking Alpha
For further details see:
Baron Durable Advantage Fund Q1 2024 Shareholder Letter