2024-01-28 11:00:00 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 Global Advantage Fund® (the Fund) was up 14.8% (Institutional Shares) during the fourth quarter, compared to the 11.0% gain for the MSCI ACWI Index (the Index) and the 12.7% gain for the MSCI ACWI Growth Index, the Fund’s benchmarks.
- For the year, the Fund finished up 25.6% compared to gains of 22.2% and 33.2% for the benchmarks, respectively.
- We have a view on many of these important topics, but we do not have the answers. The range of outcomes continues to be extremely wide, creating a challenging environment for investors.
Dear Baron Global Advantage Fund Shareholder
Performance
Finally… a good quarter.
Baron Global Advantage Fund® (the Fund) was up 14.8% (Institutional Shares) during the fourth quarter, compared to the 11.0% gain for the MSCI ACWI Index (the Index) and the 12.7% gain for the MSCI ACWI Growth Index, the Fund’s benchmarks. For the year, the Fund finished up 25.6% compared to gains of 22.2% and 33.2% for the benchmarks, respectively.
Table I. Performance† Annualized for periods ended December 31, 2023
Baron Global Advantage Fund Retail Shares [1] ,[2] | Baron Global Advantage Fund Institutional Shares 1,2 | MSCI ACWI Index 1 | MSCI ACWI Growth Index 1 | |
Three Months 3 | 14.72% | 14.80% | 11.03% | 12.74% |
One Year | 25.26% | 25.56% | 22.20% | 33.22% |
Three Years | (15.23)% | (15.03)% | 5.75% | 3.66% |
Five Years | 9.60% | 9.88% | 11.72% | 14.58% |
Ten Years | 8.79% | 9.04% | 7.93% | 10.06% |
Since Inception (April 30, 2012) | 10.30% | 10.55% | 9.11% | 10.85% |
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For further details see:
Baron Global Advantage Fund Q4 2023 Shareholder Letter